Sports Shield BWFC Ltd - LIQUIDATED

Sluffy wrote:Now now chaps please leave your baggage at the door of Nuts when you step inside.

Clearly you aren't on each others Christmas card list but how about being as civil as you can be on here and deal with your displeasure with each other some place else.

Thank you both.

Natasha Whittam wrote:Ignore sluffy, he wants a sanitised forum where everyone sings Kum ba yah as they post.

Like most people, I enjoy two intelligent posters who dislike one another making love to me.

observer wrote:The only truth that I can ascertain so far is that you have to be desperate to take out a loan with such a usurious rate.

Sluffy wrote:

wanderlust wrote:

Sluffy wrote:

Leeds_Trotter wrote:What an absolute shambles! How did Eddie even let this happen? I thought he would only sell to someone who had sustainable plan in place? Dean had no fucking plan whatsoever. Arsehole!

Dean had a plan alright - he borrowed £5 million and put just£4 million into the club.

The other £1 million apparently being a set up fee for the loan.

Somebody did very well for just a few hours work!

But as it turns out it wasn't Deano. Still fair play to the man for somehow finding the funds minutes before BWFC was about to go into administration.

Are you for real?

Do you really think someone can just pitch up and arrange a £5 million loan in a few minutes???

Sluffy wrote:

wanderlust wrote:So Deano stops the club going into Administration by borrowing £5 million of which he invested £4 million into the club in return for shares. Interest on the 5 has taken the debt up to £7 million. 
Ken bought some of the shares so Deano was left with 37.5%.
So Deano has pocketed £1 million plus whatever KA paid for the other shares?
Now the liquidator has the 37.5% which they can sell on and use the money(less their fee) to go towards the BM settlement.
Highly unlikely that an investor will pay £7 million plus the liquidator's fee so there's likely to be a shortfall - for which BM is likely to come after the club's assets - some of which were paid for in the first place with the £4million that Deano put in.
What surprises me in all of this is that the consortium looking to buy in asked for 72 hours to get the money which KA refused to give them - in the full knowledge that SSBWFC would be liquidated.
Why did he do that? 
If my understanding is right, we are likely to see new shareholders who could possibly pay well under the going rate (as BWFC isn't the liquidator's concern) a raid on our assets (which may not be valued at full whack) and possible sanctions (e.g. points reduction) from the EFL.

I just don't get why KA apparently put his desire to get rid of Deano ahead of the club's overall interest.
Still at least we've survived so far.

It's simple - no one was really going to buy Holdsworth shares.

No one has even looked at the books yet, so do you honestly believe they would be buying shares in a business blind?

If they really do now want the shares their hands are forced now by the liquidator having control of them.

No more silly games from the Holdsworth camp anymore.

Ten Bobsworth wrote:’I’m back, darling.’’

‘’Oh hello, dear. Have you had a nice day?’’

‘’Yes thanks, darling. Sorry I’m late but Connie Loudmouth was in the hairdressers and she was plugging me for information.’’

‘’I hope you didn’t tell her anything.’’

‘’Of course not, darling, but you know how she goes on and on. She talks in this strange accent and I can’t always make out what she’s saying.’’

‘’Yes, dear. Her and her husband come from Birmingham and they both support Aston Villa.’’

‘’Anyway she mentioned that Dean Holdsworth and went on about him missing a sitter. She was smiling when she said it but I didn’t really understand what she was talking about. I thought a sitter was somebody who sat whilst they were being painted.’’

‘’Well it is, dear, but it’s also a football term and that’s what she probably meant. Did she ask you anything about Bolton Wanderers.’’

‘’Yes, she did. She seemed to know all about the money you’d spent. She said that she hoped you were getting interest on the money. Were you getting interest on the money, Eddie?’’

‘’Not exactly. They were supposed to pay interest but they couldn’t afford to pay it because the club kept losing money.’’

 ‘’How much interest were they supposed to pay, Eddie’’

‘’About £24million, dear.’’

‘’And was that part of the £185million we talked about this morning?’’

‘’No, dear.’’

‘’So what happened to it?’’

‘’Well it was just kind of left in the business, dear.’’

‘’Are we going to get any of it back, Eddie?’’

‘’I don’t think so, dear.’’

‘’When this is all over, will I still be able to afford to go to the hairdressers, Eddie?’’

‘’Yes, dear, of course you will.’’

‘’Oh Eddie!’’

y2johnny wrote:

Ten Bobsworth wrote:’I’m back, darling.’’

‘’Oh hello, dear. Have you had a nice day?’’

‘’Yes thanks, darling. Sorry I’m late but Connie Loudmouth was in the hairdressers and she was plugging me for information.’’

‘’I hope you didn’t tell her anything.’’

‘’Of course not, darling, but you know how she goes on and on. She talks in this strange accent and I can’t always make out what she’s saying.’’

‘’Yes, dear. Her and her husband come from Birmingham and they both support Aston Villa.’’

‘’Anyway she mentioned that Dean Holdsworth and went on about him missing a sitter. She was smiling when she said it but I didn’t really understand what she was talking about. I thought a sitter was somebody who sat whilst they were being painted.’’

‘’Well it is, dear, but it’s also a football term and that’s what she probably meant. Did she ask you anything about Bolton Wanderers.’’

‘’Yes, she did. She seemed to know all about the money you’d spent. She said that she hoped you were getting interest on the money. Were you getting interest on the money, Eddie?’’

‘’Not exactly. They were supposed to pay interest but they couldn’t afford to pay it because the club kept losing money.’’

 ‘’How much interest were they supposed to pay, Eddie’’

‘’About £24million, dear.’’

‘’And was that part of the £185million we talked about this morning?’’

‘’No, dear.’’

‘’So what happened to it?’’

‘’Well it was just kind of left in the business, dear.’’

‘’Are we going to get any of it back, Eddie?’’

‘’I don’t think so, dear.’’

‘’When this is all over, will I still be able to afford to go to the hairdressers, Eddie?’’

‘’Yes, dear, of course you will.’’

‘’Oh Eddie!’’

I vote to keep ten bob.

Kane57 wrote:Seek help

y2johnny wrote:

Kane57 wrote:Seek help

i vote to evict Kane