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OFFICIAL - Laurence Bassini - New Owner

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31OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 21:28

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:God knows how this will end up.

Great new header image though.

Got to thank Keegan for that - he's as brilliant as always.

32OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 22:28

Leeds_Trotter

Leeds_Trotter
Andy Walker
Andy Walker
Not a fan of Maggie Tetlow. I feel sorry for her husband, she doesn't sound easy to please.

33OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 22:38

Buellix

Buellix
David Ngog
David Ngog
Have to give him a chance, noise down here is that he has been shrewd on a number of property deals around London, tie in with the only people buying in London. There may be a large launderette/dry cleaning company working out of one of the office suites in the near future.

Money appears to be from his personnel wealth not so impressive and East and Far East backers, could be interesting.

Looks like the fella from Blackburn board will be heading up the board and a couple of the local lads will be asked also.

34OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 23:04

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:Have to give him a chance, noise down here is that he has been shrewd on a number of property deals around London, tie in with the only people buying in London. There may be a large launderette/dry cleaning company working out of one of the office suites in the near future.

Money appears to be from his personnel wealth not so impressive and East and Far East backers, could be interesting.

Looks like the fella from Blackburn board will be heading up the board and a couple of the local lads will be asked also.

Thanks mate - keep letting us know what you are hearing down wherever you are!

Very Happy

35OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 23:12

Sluffy

Sluffy
Admin
Nixon in the Sun -

Laurence Bassini agrees Bolton takeover after chairman Ken Anderson almost put troubled club into administration

As first revealed by SunSport, Bassini has agreed to take Anderson's shares and inherit his huge list of debts.

LAURENCE BASSINI is taking over troubled Bolton Wanderers - just a day after previous owner Ken Anderson went close to putting the club into administration.

As first revealed by SunSport, the ex-Watford supremo has agreed to take Anderson's shares and inherit his huge list of debts after a controversial three years in charge

And the deal was only clinched following Anderson's U-turn on Bolton's future as he ran out of funds to run it.

Anderson had prepared a potential move into administration and a sale to Football Ventures [Whites] Limited who include Sharon Britan and local businessman Mike James who is owed £6million by the club.

However Anderson decided to hand over to Bassini instead and the deal will be complete once initial bills are paid to management and players - with the Football League needing that cash to be handed over.

Boss Phil Parkinson and his team trained and were left in the dark as they prepared for the Aston Villa game on Friday.

The fixture was even in doubt because of unpaid bills to staff at the ground, with an electricity bill also landing for a further six-figure sum or the power would be cut off next week.
Bassini is walking into a string of payments that he is now responsible for paying.

HMRC and sportswear form Macron have been joined by others on a winding up petition due to be heard at the High Court on May 8.

LIQUIDATION AVERTED

Anderson won two reprieves from the court when he revealed a sale was close. Bassini's arrival on the scene saved the club from possible liquidation at next month's third hearing.

The total bill at the High Court is estimated at around £3m just now and there is the option for others owed money to 'piggy back' before then.

Bassini will also have to fund the wages of players for May, June and July with just two home games to raise funds in that period.
Several of the squad that faces relegation in the Championship are out of contract this summer, but Bolton have to honour their deals for a further three months - costing around £2.5m.

The London-based businessman claims to have personal funds from property investments, although sources close to him suggest it is family money.

Bassini will also face the problem Anderson faced with the family of previous owner Eddie Davies. He gave his beloved club a £5m loan before he died and that is now overdue.
The Davies family were also looking for further unsecured loans to be paid back, many used to bankroll the club after his departure. However they may now be lost.

Separate debts are attached to the Whites Hotel at the ground, with the High Court granting an extension to a winding-up order yesterday and allowing the owner to pay on May 8.

[You must be registered and logged in to see this link.]

36OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 23:19

Buellix

Buellix
David Ngog
David Ngog
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:Have to give him a chance, noise down here is that he has been shrewd on a number of property deals around London, tie in with the only people buying in London. There may be a large launderette/dry cleaning company working out of one of the office suites in the near future.

Money appears to be from his personnel wealth not so impressive and East and Far East backers, could be interesting.

Looks like the fella from Blackburn board will be heading up the board and a couple of the local lads will be asked also.

Thanks mate - keep letting us know what you are hearing down wherever you are!

Very Happy
West of the smoke touching distance of the Thames, been here for a while thinking of calling it home  Evil or Very Mad  just need the shandy drinkers to move on.

37OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 23:26

Sluffy

Sluffy
Admin
Iles -

Ex-Watford owner Laurence Bassini: I'll make Bolton "strong again"

LAURENCE Bassini, the man on the verge of becoming the new owner of Bolton Wanderers, has pledged to make the club “strong again”.
The 49-year-old property developer has completed a deal to purchase Ken Anderson’s 94.5 per cent stake in Wanderers’ parent company Burnden Leisure and, subject to EFL ratification, will officially take the reins in the next few days.
Insolvency practitioners Rubin and Partners were set to be brought in as administrators up until this morning (Wednesday) when Bassini finally struck a deal with Anderson to keep the club solvent

The former Watford owner admits the timescale has made it difficult to get all the information on debts he is buying into – including those of secured creditors.
But he is convinced he has the available funding to get Wanderers moving back in the right financial direction after some difficult times.
“We worked very, very hard through the night to get the deal done. It was very close to going into administration this morning and probably in the 11th hour we did it,” he said.
“Throughout the night we were going through contracts and detail.
“Money will be going into the club to deal with all the things that need to be sorted out. Obviously, I don’t know all the debts yet, obviously we have to go through all the things and people that are owed money because I don’t know, I don’t have all that information.

"The priority was to save the club going into admin and the drama it would obviously cause.
“Now we have to look to restructure, sort it and move this club back up to where it belongs.”
Bassini has yet to pass the EFL’s directors and owners’ test but says he has filled in the necessary paperwork and does not envisage any problems.
Fans have raised concerns over his two bankruptcies and a three-year EFL ban which has now expired following an acrimonious 13-month spell as the owner and chairman of Watford, a situation which is still subject to legal matters.

Bassini says he will not be taking a hands-on role on the board at Wanderers – and will be seeking the help of Sir Bassini says he will not be taking a hands-on role on the board at Wanderers – and will be seeking the help of Sir Dave Richards, the former Premier League chairman and a close ally of ex-Bolton chairman Phil Gartside.

John Williams, the former Blackburn Rovers chief executive and West Brom chairman, is another person who could come aboard the new-look club structure.
Ex-Wanderers vice-chairman Brett Warburton is another name who has been mentioned by Bassini, although the life-long supporters has played down suggestion he could make a return to the club.

"I learned a very big lesson at Watford. I didn't have control,” Bassini said.
"Even though I was there, I was used to sitting back while everybody just did what they liked.
"That's not going to happen here and that's why I'll be bringing the right people in with me.

“I look forward to success and to build again, to become strong again and secure.
"Ken Anderson has moved on. I hope to bring in Dave Richards - former chairman of the Premier League - and John Williams, who was at Blackburn Rovers. They are very well-respected guys.
"I'm hoping Brett Warburton will come, and one other person.
"I will be the owner but I will not be coming on as a director or chairman. I think the board should have the right football people and my role will be getting hold of the finance to make sure we don't have to worry about things all the time.
"There's a lot I need to look at. I didn't get all the information that I needed but I wasn't about to let them go into administration."

Financial problems have affected every corner of life at Wanderers in the last six months and even as Bassni was announced as the potential new owner of the club, debts owed to the emergency services threatened the stadium’s safety certificate for this Friday’s game against Aston Villa.
It is expected the match will go ahead, although official confirmation from Bolton Council and the SAG is not expected until Thursday.
Debts have piled up, including pay to players and coaching staff, and a near-£3m bill awaiting the club at the High Court on May 8, where a number of creditors including HMRC are waiting.
“It is a mess, but we’ll work hard, going forward, we’ll clean up what we need to sort out there and obviously I am bringing in a very good team to deal with the football club,” Bassini said. "We want to get back to the Premier League. That's the ultimate goal and one day also to get into Europe - and we will.
"Bolton is a big club. They've had some big problems but that will change going forward."

Bassini has also been quoted by the Daily Telegraph as saying he wants to re-name one of the stands at the UniBol in memory of late owner, Eddie Davies.
“It’s the least the man deserves,” he said.

[You must be registered and logged in to see this link.]

38OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 23:47

Buellix

Buellix
David Ngog
David Ngog
Ok smart move would be to get the fans on side, move to secure our talent on contracts that befit the potential. Let anyone not under contract know they have a finite time to prove their worth.
Move on the current management team, promote from within at least to the end of the season. Get the players in the remaining games to run until they are breathing out of their arses is the bare minimum. 
Get some pride back this season and start again next, hopefully we are then all back on board.

Bit ominous given that he looks like head of the Soprano's that the press mentioned it was "Family money"

39OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 23:58

wanderlust


Nat Lofthouse
Nat Lofthouse
Slightly concerned that when asked about settling all the debts he said that "we'll have to go through them because we didn't have time to do the due diligence" WOW.

Also interested in "Howard's" assertion that having lost the deal his consortium were now looking at financing Bassini.

It will be interesting.

40OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Thu Apr 18 2019, 00:04

wanderlust


Nat Lofthouse
Nat Lofthouse
BTW [You must be registered and logged in to see this link.]

Nice move locking the thread though.

41OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Thu Apr 18 2019, 00:28

Sluffy

Sluffy
Admin
Doesn't make any sense to me in all honesty.

I guess the reason why people wanting ownership was for the land ownership the club seems to have - ok I can understand that if that is actually factual - I've no idea of what land the club owns or what it's value is (presumably for domestic development rather than commercial - which I would assume to be less profitable?).

Maybe the story about Ken putting the club into Admin - presumably so Team Bassan could buy it out as some sort of a deal - was to prompt Bassini into action - I guess he didn't want to call his bluff - if that was what it was?

Doesn't make any sense that he's no idea of the debts - but seems happy to pay them off - that would include the two winders and everyone who had any sense to get their debts attached to them as 'substitutes' or whatever the technical term is.

The footballing creditors will have to be paid and wages during the summer - Iles says that will be £2.5m.

The way I read what was said though was that all existing LOANS to the club and associated charges removed - and NOT that all creditors would be paid - I think that is quite a major point myself.

What it says to me is that all the people who have charges on the assets - James, Warburton and Ken - will be paid off (presumably in full) then those assets - the land and hotel - would be free to be used as assets against larger loans, as their value had gone up since the original charges were taken out - and/or sold off developed/built on.

I can't see Mr Bassini is really here for the football or to was clean some mucky money from the far east - so I guess whatever he needs to lay out (£5.5m James, £5 Ken, £2.5 Warburton, £2.5m wages, £1.1 HMRC, Winder on hotel and various substitutes say what £3m, plus bits and pieces say another £1m - and presumably £5m to Eddie/Dark Horse - adding up to something like £25m needs to be found quite sharpish?

Some of those totals might be turned into equity (buying a part ownership in the club) or maybe written off in part or full (I'm thinking Ken's bit) depending on what deal's been done to bury whatever skeletons he may have had?

Still seems to be a bit of a punt even if he had say to find £10m just to keep things sweet over the summer - and still needs to do a deal on the land and/or hotel - and by then he might have people with equity in the club he will need to share it with.

I guess the plan is to free up the assets and sell on - either the club or the assets themselves - and after doing so make a quick exit.

It will be interesting to see how James and Warburton play this and what happens with Ken's £5m.

A new owner but still with lots of unanswered questions to my way of thinking.

42OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Thu Apr 18 2019, 01:06

wanderlust


Nat Lofthouse
Nat Lofthouse
It could be an omen. Tomorrow (Friday) is my 60th anniversary  :party:
Of watching the Wanderers that is - a 1 all draw with Newcastle at Burnden I am reliably informed although I had thought for years it was the West Ham game that season.
Honestly don't remember much about the game other than sitting on my dad's shoulders in what seemed to be a huge crowd, but the excitement of it all condemned me to a life sentence. 
Hopefully, this will be the end of me worrying about the club's existence - which has been an issue for the first time in all those years with the arrival of Anderson. Never crossed my mind before that.

And before you say it - one live game this season so far is poor, but I can't be arsed with the 400 mile round trip to watch this shite ATM. We'll see how next season goes - hopefully the beginning of our rise back to the Prem Very Happy



Last edited by wanderlust on Thu Apr 18 2019, 01:10; edited 1 time in total

43OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Thu Apr 18 2019, 01:07

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:BTW [You must be registered and logged in to see this link.]

Nice move locking the thread though.

What the hell you talking about you nutjob???

The thread isn't locked and never has been and page 8 (which doesn't display from your link) - shows the Statement of Charges in Equity for the accounts ending 30th June as follows -

Share Capital - £123,750
Share Premium Account - £206,626
Capital Redemption Reserve - £31,418
Other Reserves - £25,347

Totalling - £387,141

Is that what you consider lots of assets then???

Even then these trifling amounts HAVE to be used to offset the LOSSES on the Profit and Loss Reserves of £186,550,719 - and thus leaving the Statement of Charges in Equity in DEBIT to the sum of £186,163,578


It's abundantly clear that you can't understand accounts and that you've mistaken the £44,734,624 of creditors falling due within one year as the £45m assets you thought the club had.

Unbelievable really.

No wonder I could not understand what you were talking about half the time and your continual avoidance of answering any questions from me, and several others, as to where these so called assets where, that you kept continually banging on about.

I'll draw a line under it now to save you embarrassing yourself any further.

Unless of course you want too!

Very Happy

44OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Thu Apr 18 2019, 01:29

wanderlust


Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:BTW [You must be registered and logged in to see this link.]

Nice move locking the thread though.

What the hell you talking about you nutjob???

The thread isn't locked and never has been and page 8 (which doesn't display from your link) - shows the Statement of Charges in Equity for the accounts ending 30th June as follows -

Share Capital - £123,750
Share Premium Account - £206,626
Capital Redemption Reserve - £31,418
Other Reserves - £25,347

Totalling - £387,141

Is that what you consider lots of assets then???

Even then these trifling amounts HAVE to be used to offset the LOSSES on the Profit and Loss Reserves of £186,550,719 - and thus leaving the Statement of Charges in Equity in DEBIT to the sum of £186,163,578


It's abundantly clear that you can't understand accounts and that you've mistaken the £44,734,624 of creditors falling due within one year as the £45m assets you thought the club had.

Unbelievable really.

No wonder I could not understand what you were talking about half the time and your continual avoidance of answering any questions from me, and several others, as to where these so called assets where, that you kept continually banging on about.

I'll draw a line under it now to save you embarrassing yourself any further.

Unless of course you want too!

Very Happy
Can someone with an accounting background please redirect this moron to the correct page. Preferably in the correct year. And possibly even to the correct company?

It's just that if I do it, he'll probably put up Carr's Pasties accounts and then lecture me about it.

45OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Thu Apr 18 2019, 02:07

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:BTW [You must be registered and logged in to see this link.]

Nice move locking the thread though.

What the hell you talking about you nutjob???

The thread isn't locked and never has been and page 8 (which doesn't display from your link) - shows the Statement of Charges in Equity for the accounts ending 30th June as follows -

Share Capital - £123,750
Share Premium Account - £206,626
Capital Redemption Reserve - £31,418
Other Reserves - £25,347

Totalling - £387,141

Is that what you consider lots of assets then???

Even then these trifling amounts HAVE to be used to offset the LOSSES on the Profit and Loss Reserves of £186,550,719 - and thus leaving the Statement of Charges in Equity in DEBIT to the sum of £186,163,578


It's abundantly clear that you can't understand accounts and that you've mistaken the £44,734,624 of creditors falling due within one year as the £45m assets you thought the club had.

Unbelievable really.

No wonder I could not understand what you were talking about half the time and your continual avoidance of answering any questions from me, and several others, as to where these so called assets where, that you kept continually banging on about.

I'll draw a line under it now to save you embarrassing yourself any further.

Unless of course you want too!

Very Happy
Can someone with an accounting background please redirect this moron to the correct page. Preferably in the correct year. And possibly even to the correct company?

It's just that if I do it, he'll probably put up Carr's Pasties accounts and then lecture me about it.

Ok, you aren't talking about the club accounts, you are talking about Burnden Leisure's accounts - ok let's see if we can find your £45m worth of assets there then shall we?

[You must be registered and logged in to see this link.]

Page 8 Group Balance Sheet

Fixed Assets £40,956,000 plus Current Assets £8,015,000 totalling £48,971,000

Less Creditors falling due within one year £39,516,000

Leaving Total Assets less Total liabilities in credit of £9,455,000

BUT provision as to be made for Creditors amounts falling due after more than one year of £9,840,000

Showing net LIABILITIES of £385,000

It's there in black and white and the that amount (liabilities exceed all assets to the tune of) £385,000 is what both Dean Holdsworth and Ken Anderson signed for at the bottom of the page!!!

There's a massive black hole of debt of £186m in the club itself and a further half million (£385,000) in the parent company - and you still seem to believe somehow there were assets available to Ken/DH at the time of the take over.

There wasn't.

I'm not saying it, the clubs accountants and auditors are saying it!!!

Are you on drugs or something because you seem to be in complete denial about the facts???

Where do you believe these £45m assets you have been banging on about are in the books because they are clearly not showing in the 2016 accounts for the club or Burnden Leisure?

46OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Thu Apr 18 2019, 08:07

Hipster_Nebula

Hipster_Nebula
Nat Lofthouse
Nat Lofthouse
Let's just all agree it's good to have no debt.

We definitely won't accrue any debt going forward either.

In league one with no fans and a huge wage bill and operating costs. Bassini has read the labour manifesto he knows how to run things properly.

47OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Thu Apr 18 2019, 08:16

wanderlust


Nat Lofthouse
Nat Lofthouse
Might as well get this out there now as we're likely to hear a lot more from Watford fans in the coming weeks. This one wrote:

”Ha ha.....yes.....I see you've heard the legendary safe key story.

From what you say, there's no way he has £20m to invest in your club. When he was at Watford, it seemed that he was just a front man for someone else. He had a backer. Now his family seem to be well heeled, but he himself, is the runt of the family in that respect.

He talks the talk and he will promise you everything you want to hear, but it's all phoney I'm afraid. There's no substance to any of it. It became ludicrous in the end.

No doubt he'll come out with statements that he made mistakes at Watford and lessons learned etc, but a leopard does not change its spots.

As a Bolton fan, you will quite rightly hope he'll be decent and genuine and will give him the benefit of the doubt until proved otherwise. We had the same reservations but he was given every chance to prove himself, but it became clear very early on he was a chancer.

I'm amazed he's got back in football. I'm amazed the EFL would ever sanction him. He was banned for 3 years because of his dishonesty.

He was made bankrupt twice, and even changed his name from Bazini to Bassini to hide the fact he'd been bankrupt. 

When interviewed, he acted like a child, trying to make up stories about events, which even with the greatest deal of naivety, anyone could see through.

He's referred to as the red helmet because our local paper, The Watford Observer, often used the same photo of him with a red builders hard hat. He got so annoyed that he threatened to sue the paper for using the same photo. So, of course, they used it even more.

You'll get used to that. He threatens to sue everyone one. He threatened to sue SkySports News as well for another trivial event. 

Even the late Graham Taylor fell out with him, and called him a liar, for making up reasons for not attending a fans forum, which he did more than once. Of course, he threatened to sue GT as well. You can see a common theme here.

I wish Bolton all the best, but this guy will take you into the mire. He's really bad news. A total fantasist who has delusions of grandeur.

He wants a football club as a status symbol, so he can show his family he's not a total idiot.

My only advice is, of there is a way to stop him from taking over, take it. He's hard to get rid of. Watford were in a real mess when he left and only avoided administration and a points deduction by the skin of their teeth. The Pozzo's settled all debts and paid the HMRC. Bassini hid a lot of debt from our new owners too, so they withheld a payment for the Red Lion pub, which was part of the settlement deal. Of course Bassini sued the Pozzo's and of course lost the case, as he always does.”



Obviously some of this has a familiar ring to it but I guess we've just got to keep hoping he does a better job this time.

48OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Thu Apr 18 2019, 08:27

wanderlust


Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:BTW [You must be registered and logged in to see this link.]

Nice move locking the thread though.

What the hell you talking about you nutjob???

The thread isn't locked and never has been and page 8 (which doesn't display from your link) - shows the Statement of Charges in Equity for the accounts ending 30th June as follows -

Share Capital - £123,750
Share Premium Account - £206,626
Capital Redemption Reserve - £31,418
Other Reserves - £25,347

Totalling - £387,141

Is that what you consider lots of assets then???

Even then these trifling amounts HAVE to be used to offset the LOSSES on the Profit and Loss Reserves of £186,550,719 - and thus leaving the Statement of Charges in Equity in DEBIT to the sum of £186,163,578


It's abundantly clear that you can't understand accounts and that you've mistaken the £44,734,624 of creditors falling due within one year as the £45m assets you thought the club had.

Unbelievable really.

No wonder I could not understand what you were talking about half the time and your continual avoidance of answering any questions from me, and several others, as to where these so called assets where, that you kept continually banging on about.

I'll draw a line under it now to save you embarrassing yourself any further.

Unless of course you want too!

Very Happy
Can someone with an accounting background please redirect this moron to the correct page. Preferably in the correct year. And possibly even to the correct company?

It's just that if I do it, he'll probably put up Carr's Pasties accounts and then lecture me about it.

Ok, you aren't talking about the club accounts, you are talking about Burnden Leisure's accounts - ok let's see if we can find your £45m worth of assets there then shall we?

[You must be registered and logged in to see this link.]

Page 8 Group Balance Sheet

Fixed Assets £40,956,000 plus Current Assets £8,015,000 totalling £48,971,000

Less Creditors falling due within one year £39,516,000

Leaving Total Assets less Total liabilities in credit of £9,455,000

BUT provision as to be made for Creditors amounts falling due after more than one year of £9,840,000

Showing net LIABILITIES of £385,000

It's there in black and white and the that amount (liabilities exceed all assets to the tune of) £385,000 is what both Dean Holdsworth and Ken Anderson signed for at the bottom of the page!!!

There's a massive black hole of debt of £186m in the club itself and a further half million (£385,000) in the parent company - and you still seem to believe somehow there were assets available to Ken/DH at the time of the take over.

There wasn't.

I'm not saying it, the clubs accountants and auditors are saying it!!!

Are you on drugs or something because you seem to be in complete denial about the facts???

Where do you believe these £45m assets you have been banging on about are in the books because they are clearly not showing in the 2016 accounts for the club or Burnden Leisure?
As you are obviously still "deliberately misinterpreting what I write" (sic) and desperate to scour the universe for some shred of evidence to back up your lies, why don't you just show us the £231 million after ED wrote off his debt (which he had agreed to do in November 2015 long before Anderson arrived [You must be registered and logged in to see this link.]  ) so we can all have another laugh at you?

49OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Thu Apr 18 2019, 11:23

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:As you are obviously still "deliberately misinterpreting what I write" (sic) and desperate to scour the universe for some shred of evidence to back up your lies, why don't you just show us the £231 million after ED wrote off his debt (which he had agreed to do in November 2015 long before Anderson arrived [You must be registered and logged in to see this link.]  ) so we can all have another laugh at you?

Yet again you have decided to post the same thing in two different threads so I'll simply post a copy of my reply to you from the other thread -

[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:
On what planet then, does having assets and a small future debt amount to the £231 million and no assets lie you've been spreading around?


Man up and accept the fact that you've been lying all along because you desperately want to appear as an authority on these matters, when in reality you're just a sad little muppet.

Look this has got to stop.

I don't need to lie over fuck all on an internet forum like a certain individual.

You posted up that Anderson took on assets of £45m when he took over the club.

An accountant with many years experience posted two links to you from the accounts of the club and Burnden Leisure and said that they would "comprehensively contradict you".

You (being you) replied by saying the assets he inherited was shown to be  £9.4m then - he replied "No it wasn't. BWFC didn't have net assets when Anderson and Holdsworth took over. It had net liabilities of £186million at 30 June 2016 which by 30 June 2017 had turned into net assets of £7.3m as a result of Eddie's loan write offs".

You obviously knew better than a man who has spent his entire adult life working in accountancy and posted him a screen shot of the Burnden Leisure Balance Sheet for the June 2017 accounts (Note not the June 2016 accounts you were originally talking about!) to tell him he was misunderstanding your point.

He replied that you were not only looking at Group Balance Sheet but you had completely missed off the creditors due in more than one year.

To which you replied "That's right I am" to which I assume he had taken it as an admission of your mistake or that he was wasting his lifetime of skills and knowledge trying to put you straight.

With your post last night on Wways stating that this respected real life accountant was WRONG in what he had been saying to you, it was clear that you couldn't be told anything - you it seems know better than everyone else.

You have tried to tell a highly respected accountant that Anderson took on a club with £45m in assets over liabilities - to which the accountant (and later myself on here yesterday) proved by reference to the actual accounts that the true and real position at the time Anderson took on the club was that of £186m liabilities more than assets - that is a discrepancy of what you claimed - whether you like it or not - of £231m.

I have no idea why you want to continually be denying factual evidence just to further your own agenda and not to be seen as being wrong.  I don't know if it is because you feel can't lose face, you consider yourself too macho to be told anything, or you have some sort of personal issues - but this behaviour simply can not go on - when clearly you are the one in denial about the facts and the reality of the situation as explained to you by someone who is a highly regarded, qualified, and vastly experienced specialist in the field of accountancy.

There's just no point to it really is there?

We've warned you about your abuse before and clearly you haven't wished to hear it, despite a small ban, so have a little longer break and maybe post abuse at the mods and Admin over on Wways like you do here and see how long they will put up with it.

50OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Thu Apr 18 2019, 13:44

Growler


Tony Kelly
Tony Kelly
I think yesterday was all a sham, I don't think Bassini will be Bolton's new owner.I think it was a delaying tactic to allow the Aston Villa game to go ahead

51OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Thu Apr 18 2019, 13:51

MartinBWFC

MartinBWFC
Frank Worthington
Frank Worthington
[You must be registered and logged in to see this image.]
Looks like it may not be a sham, and hospitality will have food AGAIN.

52OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Thu Apr 18 2019, 13:54

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:[You must be registered and logged in to see this image.]
Looks like it may not be a sham, and hospitality will have food AGAIN.

He seems to be wearing slippers!!!

Very Happy

53OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Thu Apr 18 2019, 14:03

MartinBWFC

MartinBWFC
Frank Worthington
Frank Worthington
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:[You must be registered and logged in to see this image.]
Looks like it may not be a sham, and hospitality will have food AGAIN.

He seems to be wearing slippers!!!

Very Happy

Aye seems he wants Boncey onside for starters.

54OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Thu Apr 18 2019, 14:10

Growler


Tony Kelly
Tony Kelly
The meeting with the council/police/ambulance always results in them forcing Ken to spend money.
Perhaps they told him they wouldn't let him stage the Aston Villa match if he wouldn't pay some of his catering bill

55OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Thu Apr 18 2019, 15:11

karlypants

karlypants
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:[You must be registered and logged in to see this image.]
Looks like it may not be a sham, and hospitality will have food AGAIN.

He seems to be wearing slippers!!!

Very Happy

Aye seems he wants Boncey onside for starters.

Not sure, they’re not zip ups! Shocked

56OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Thu Apr 18 2019, 16:23

boltonbonce

boltonbonce
Nat Lofthouse
Nat Lofthouse
Not keen on the colour, but I'll back him all the way if he has slipper credentials.

57OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Thu Apr 18 2019, 17:07

wessy

wessy
Andy Walker
Andy Walker
Maybe he's a Slippery customer !!

58OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Thu Apr 18 2019, 17:23

boltonbonce

boltonbonce
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:Maybe he's a Slippery customer !!
Very Happy

59OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Thu Apr 18 2019, 18:05

Growler


Tony Kelly
Tony Kelly
[You must be registered and logged in to see this link.] wrote:[You must be registered and logged in to see this image.]
Is that Zat Knight after some unpaid money?

60OFFICIAL - Laurence Bassini - New Owner - Page 2 Empty Re: OFFICIAL - Laurence Bassini - New Owner on Thu Apr 18 2019, 18:06

BoltonTillIDie

BoltonTillIDie
Nat Lofthouse
Nat Lofthouse
He would have probably tripped over on his way

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