Ken Anderson - update.

Following on from my previous notes, I thought it would be pertinent to give you all on update on the current situation at the club.

Talks are still ongoing with prospective buyers and, as matters currently stand, despite recent media speculation we do not foresee any need to appoint an administrator before the high court hearing on April 3.

As has been reported, Thursday 28 March is the cut-off date by which clubs would get deducted 12 points this season if they were to go into administration.

We are all still confident that we can resolve the current financial issues and also retain our Championship status.

The Club has earlier communicated that season ticket holders who bought their tickets on direct debit, will have their delayed March payment deducted on Friday 29 March. April's direct debits will be collected as usual next week. Once again, I would like to apologise for any inconvenience that this may have caused some of you.

I ask that you continue to support the club and get behind the players for each and every game that remains in the campaign.
After this weekend’s international break, we return to action with a trip down to Queen’s Park Rangers. The break came at a good time for the players to refresh and recharge and I’m certain they will go to Loftus Road looking to get a positive result.
Ken

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Not saying too much.

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

Not saying too much.

Apart from he doesn't anticipate going into admin before the deadline which means it's now sell or bust.


No mention of shirts anywhere though. 

so now i'll have 2 DD payments come out in the same month! Great work Kenocchio.

Norpig wrote:so now i'll have 2 DD payments come out in the same month! Great work Kenocchio.

Worth every penny though eh, Norpig?

Interesting article by Kevin Maguire (big anti-Anderson critic up to now).

A lot of interesting stuff in there but it is worth noting that by and large football clubs run at a yearly loss and the players wages cost more then the total clubs income.

If Anderson wasn't here to piss his own money away then is it any wonder why he's had to rob Peter to pay Paul for as long as he has, to get us even this far?

Also another interesting point is that Davies jacked in underwriting the clubs debts because of criticism from those clearly ill-informed of how much of his own money he was putting into the club before he sold it to Holdsworth (and on the QT even afterwards!).

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It’s never been a secret that running a Championship club is not profitable. Anderson knew that when he got involved, his lack of financial backing makes the decision to get stuck into a football club even more baffling.

finlaymcdanger wrote:

Norpig wrote:so now i'll have 2 DD payments come out in the same month! Great work Kenocchio.

Worth every penny though eh, Norpig?

They should be paying me to watch the shite i've had to put up with this season.

The result on Saturday was thoroughly deserved and long overdue, particularly after the result two weeks earlier at Wigan, and gave us a far better opportunity of retaining our Championship status.
Generally speaking, the other results of the teams around us were also a bonus. As I keep saying, where there’s life, there’s hope.
There are still seven games to go and a great deal can change in that time, and I still believe it could go right to the last game as it did last season.

There has been a great deal of speculation over the last few weeks about the identity of the purchasers of my shares, a great deal of which is pure unfounded speculation, likewise on the price of my shares.
For the record, I have accepted an offer of less than what I paid, so I am not holding out for a big profit as is continuously and incorrectly bandied around in the media and on social media.
Unfortunately, there are several local individuals who are making themselves very busy talking to the media and anyone else who will listen, purporting to be buying the club.
I can categorically state that most of the names being mentioned on social media are people who might have expressed an interest, but have never been able to provide documentary evidence that they have the liquid cash funds.
Maybe, they are just waiting to say: “l offered to buy it”. I really don’t know, but l do wish they wouldn’t waste our time.
Indeed, one of the so called eligible buyers has been telling us he has the funds for over two years now without once showing acceptable proof of the funds.
For the record, talks are ongoing with buyers and whilst completion is taking longer than anticipated, for legal reasons, I am still unable to identify the buyers or the price they are paying.
The parties involved have assured me and their advisors that they are in a position that will enable completion to take place shortly.

Obviously, the players’ decision to go on strike is very disappointing and once again, I would reiterate that in my three years at the club, the staff have only been paid late once and yesterday was only the second time.
Likewise, the players have also only been paid late three times. The reality is that they have always been paid.
We are not the only club to have paid players late and there are many precedents of this happening.
Indeed, I was told yesterday that at least at one club, the players were buying their own food and doing their own laundry for many weeks, but to the best of my knowledge, none of the players at those clubs went on strike and let’s remember, yesterday was only April 1st, so it is not as if it is weeks late, is it?
However, I accept that two wrongs don’t make a right and everyone should be paid on time.

I have read that the players and management staff have said that being paid late does not actually motivate them to go out and perform on the pitch.
That is fully understandable, but perhaps they could also explain why the results up to Christmas were not exactly impressive either?

That all said, l have to apologise to all the non-playing staff for the delay in paying their salaries and whilst there are sufficient funds in the club bank accounts to pay them, it is not currently possible until after April 3 for legal reasons and l sincerely apologise to everyone unreservedly for this and would again request their continued patience during these difficult times .
Fortunately, they did not choose to go on strike and their loyalty to the club cannot be questioned, unlike the players’ decision, which unfortunately has a negative rather than a positive logic behind it.
I am not quite sure what the players think striking will achieve.

In the meantime, I will continue to do my upmost to try and find a solvent solution, as l have done over the last few months when l have funded the staff and players’ salary payments to the tune of over £1.5 million, even if it appears that a number of people would prefer the club to go into administration with the consequent points deduction and some staff and suppliers not getting paid in full.

Finally, I hope that the players will reconsider their actions and return to training, not for me, but for the sake of the loyal supporters and other staff who have got behind them through thick and thin, irrespective of the results on the pitch.
Regards,
Ken

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the latest musings from a madman. Diplomacy is not his strong point is it? 

Poor Ken, its everyone else's fault, cannot for the life of me why think why anyone could question his motives !! its deja vu just like poor misunderstood Gary !!!

Norpig wrote:the latest musings from a madman. Diplomacy is not his strong point is it? 

I think what he has written is quite fair.

What does a strike achieve?

He has to be on his way, he's just burnt his last bridge. 

I doubt he would be telling the team they were crap so publicly, if he wasn't.

Love his bit about the players. Chew on that haha.

People hate Ken but he talks so much sense.

Leeds_Trotter wrote:People hate Ken but he talks so much sense.

Which bit is talking sense exactly?

All of it, the strike won't achieve anything. All it will do is make us fans suffer more. Them not training ahead of such an important game is absolutely shocking. It could be the difference between us surviving and us being relegated and that will hurt the club.

Can’t really argue with any of what Ken has said. But it’s clear to see that he doesn’t care about possible liquidation which is terrifying. Wish he’d just go

Leeds_Trotter wrote:All of it, the strike won't achieve anything. All it will do is make us fans suffer more. Them not training ahead of such an important game is absolutely shocking. It could be the difference between us surviving and us being relegated and that will hurt the club.

Indeed. How are they going to take in the full extent of Parky's new, all out, full frontal, let's go get 'em boys, charge of the light brigade, tactical plan.

Leeds_Trotter wrote:All of it, the strike won't achieve anything. All it will do is make us fans suffer more. Them not training ahead of such an important game is absolutely shocking. It could be the difference between us surviving and us being relegated and that will hurt the club.

Wow, you might rival Sluffy in the blind support of Anderson stakes.