Which is probably why a number of potential investors see it as a basket case and run for the hills as they can't follow the audit trail for love nor money.Ten Bobsworth wrote:There's a lot to comment on there, Sluffy, but it is true that there's been blind-eye turning and ludicrously false claims made on social media whilst Anderson has been made to look like the bad guy when its been Anderson that's done all the heavy lifting, taken on all the responsibilities and faced all the flack.Sluffy wrote:Ten Bobsworth wrote:Something tells me that Marc Iles has been spying on Nuts and nicking my homework. He's still keeping stum, though, on the probable destination of Ken's 525K (before tax) consultancy fee and so is his 'mate' at the Daily Mail.
Clue No 1 has already been explained but anyone interested can find chapter and verse in the accounts of Inner Circle Investments here:
[You must be registered and logged in to see this link.]
Take a look at the cost of its investment in Burnden Leisure
Clue No. 2 is here:
[You must be registered and logged in to see this link.]
Take a quick look at the Progress Report on the liquidation of Sports Shield BWFC Ltd
Clue No. 3 is here:
[You must be registered and logged in to see this link.]
Take a look at the accounts of Sports Shield Investments Ltd for 2016, 2017 and 2018 (filed 3 days ago).
Some might be curious about how an 'investment company' (with one employee, Dean Holdsworth) has managed to accumulate and distribute so much cash without ever having any investments on its balance sheet.
Clue No.4 is here:
[You must be registered and logged in to see this link.]
Sports Shield Ltd - Another one man company with minimal share capital but 312K on its balance sheet at 31 March 2017.
Fascinating stuff (it is if you like things like this), thank you Ten Bob.
I can't pretended to understand all the details (and implications thereof) but clearly things run far, far deeper than most people knew (or even cared about).
If I've understood correctly some of what I've read it looks like BluMarble were seeking over £8 million in repayments - so it does look to me that Anderson did manage to negotiate that down by over £3 million - which of course was secured on the clubs assets by Holdsworth - with Anderson himself (ok it came from a personal loan to him from Eddie but as explained above he loses ownership of the club if he doesn't pay it back) putting in £5 million himself towards settling the debt (and others outstanding at the time - Heathcote's for one).
Clearly the accounts show Holdsworth has received (and still retains) a considerable some of money yet no one in the media (or ST) refers to this at all yet tweets about payments made to Anderson regarding consultation fees.
I wonder what our erstwhile club reporter would 'tweet' if it did turn out as you suspect that the 'consultation' fee was really just a means of enriching Holdsworth to walk away from the debacle he created with the BluMarble loan whilst having no money to pay it back with?
Obviously that is a rhetorical question because clearly Holdsworth is 'protected' from any criticism by his mate at the Bolton News!
In my opinion anyway.
Meanwhile Dean Holdsworth and his advisors appear to have been the only ones profiting from the unaffordable amounts Anderson has had to find to keep Blumarble at bay whilst trying to reduce operating deficits and make the club into a more affordable proposition for new owners.
If I have time, I'll talk you through all the figures, as best I can, on another occasion. The trail is made more difficult to explain, and therefore to follow, because of the involvement of several companies and because some filed documents conflict starkly with others.
By the way folks Anderson has three days to come up with half the wages and if he doesn't the players can leave for free in January.
That's Ameobi gone then!