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Anderson to take the Hotel?

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1Anderson to take the Hotel? Empty Anderson to take the Hotel? on Tue May 14 2019, 11:37

Sluffy

Sluffy
Admin
Interesting!

As I mentioned before secured creditors charged against a specific asset can appoint an Administrator to take possession of that asset on default of their settlement.

Looks to me that Ken and Michael James are going to battle it out for the hotel (both have secured charges set against it which are now in default) because Fildraw have apparently not covered the hotel in their appointment of Administrators!

"Appleton and Miller will take charge of parent company Burnden Leisure Limited and the Bolton Wanderers Football and Athletic Company.

The Whites Hotel does not fall under their control, however, and could be placed into the hands of a separate administrator by one of the Qualifying Floating Charge Holders, local businessman Michael James, or even Anderson himself".

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2Anderson to take the Hotel? Empty Re: Anderson to take the Hotel? on Tue May 14 2019, 11:45

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
Who's cocked up here then? Surely the hotel should be included in any deal to buy the club, stupid to have the 2 separate as the Hotel actually makes money (when it's open of course) doesn't it?

Anderson wouldn't dare show his face if he ended up with it and i hope people would avoid the hotel like the plague. I personally would never use if that slimeball owned it.

3Anderson to take the Hotel? Empty Re: Anderson to take the Hotel? on Tue May 14 2019, 12:04

Growler


Tony Kelly
Tony Kelly
I can't see Anderson being allowed to come out of administration as the hotel owner.We've already seen that Anderson doesn't run the hotel competently enough to pay its bills and staff wages on time

4Anderson to take the Hotel? Empty Re: Anderson to take the Hotel? on Tue May 14 2019, 12:29

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:Who's cocked up here then? Surely the hotel should be included in any deal to buy the club, stupid to have the 2 separate as the Hotel actually makes money (when it's open of course) doesn't it?

Anderson wouldn't dare show his face if he ended up with it and i hope people would avoid the hotel like the plague. I personally would never use if that slimeball owned it.

No cock up - this would have been done deliberately.

It is how Admin works - exactly the same thing was going to happen with BluMarble even though the rest of the business (club, Burnden Leisure,) would have been unaffected at the time.

I keep trying to explain that companies (which the hotel is) are separate legal entities in their own right and thus can be bought, sold and even put into Administration to take ownership of goods on which a loan has been secured against.

5Anderson to take the Hotel? Empty Re: Anderson to take the Hotel? on Tue May 14 2019, 12:39

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:I can't see Anderson being allowed to come out of administration as the hotel owner.We've already seen that Anderson doesn't run the hotel competently enough to pay its bills and staff wages on time

It's not quite like that though.

Anderson is in his rights to claim an asset on which he has a charge over on default of his loan.

Think of it as a finance company sending out the repo men to get possession of a car, or telly, or whatever it is that they've lent someone money to buy who has defaulted on their payments.

More than likely the appointed Administrator would take control of the asset and sell it to a new owner and simply give Anderson (and James) their money out of the process of the sale - but it wouldn't stop Anderson himself buying it as he isn't struck off as a Director or a bankrupt, if he wanted to.

I don't believe he wants to though, I think he simply wants the money (which as far as I know is still owed to Eddie's estate?).

6Anderson to take the Hotel? Empty Re: Anderson to take the Hotel? on Tue May 14 2019, 16:16

rammywhite

rammywhite
Frank Worthington
Frank Worthington
I pointed out on another thread that this might be more complicated than it sounds as the hotel probably doesn't own the buildings which are an integral part of the stadium.
What the charge precisely consists of remains to be seen but it could be over the hotel as a business ( as Sluffy says, a separate legal entity) but if the hotel business doesn't own the buildings ( which might still be part of Burnden Leisure) then they've got a lousy asset. That's a hotel business without any premises. They would need to attempt to either rent or lease the buildings back from Bunden Leisure who might not be willing to play ball with Anderson

7Anderson to take the Hotel? Empty Re: Anderson to take the Hotel? on Tue May 14 2019, 16:47

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:I pointed out on another thread that this might be more complicated than it sounds as the hotel probably doesn't own the buildings which are an integral part of the stadium.
What the charge precisely consists of remains to be seen but it could be over the hotel as a business ( as Sluffy says, a separate legal entity) but if the hotel business doesn't own the buildings ( which might still be part of Burnden Leisure) then they've got a lousy asset. That's a hotel business without any premises. They would need to attempt to either rent or lease the buildings back from Bunden Leisure who might not be willing to play ball with Anderson

Thanks for that Rammy.

They way I read the latest accounts for the hotel though (year ended 30th June 2017) Point 9, page 39, Tangible and Fixed Assets, it shows £8.4m for the hotel and £1.7m for plant and equipment, which suggests to me that it does own it's own premises (hence why BM secured against it initially). Am I reading it wrongly perhaps?

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I suspect Anderson doesn't really wants the hotel at all but would wish the Administrator to sell off the business and get his £5m back that way.

Interesting times though!

8Anderson to take the Hotel? Empty Re: Anderson to take the Hotel? on Tue May 14 2019, 18:52

rammywhite

rammywhite
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:I pointed out on another thread that this might be more complicated than it sounds as the hotel probably doesn't own the buildings which are an integral part of the stadium.
What the charge precisely consists of remains to be seen but it could be over the hotel as a business ( as Sluffy says, a separate legal entity) but if the hotel business doesn't own the buildings ( which might still be part of Burnden Leisure) then they've got a lousy asset. That's a hotel business without any premises. They would need to attempt to either rent or lease the buildings back from Bunden Leisure who might not be willing to play ball with Anderson

Thanks for that Rammy.

They way I read the latest accounts for the hotel though (year ended 30th June 2017) Point 9, page 39, Tangible and Fixed Assets, it shows £8.4m for the hotel and £1.7m for plant and equipment, which suggests to me that it does own it's own premises (hence why BM secured against it initially).  Am I reading it wrongly perhaps?

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I suspect Anderson doesn't really wants the hotel at all but would wish the Administrator to sell off the business and get his £5m back that way.

Interesting times though!

I'm wrong- it looks like they do own the premises and so the charge might be worth something. I can't really see how it would be a profitable venture though, given its location. If I was the Administrator I would tell him to take it and sell it himself.

9Anderson to take the Hotel? Empty Re: Anderson to take the Hotel? on Tue May 14 2019, 21:54

luckyPeterpiper

luckyPeterpiper
Frank Worthington
Frank Worthington
My understanding is that the real value of the Hotel is the land it stands on (which is freehold and owned by the hotel) and the fact it has multiple (or did) planning permissions including a potential development as private homes or as it's now termed low cost housing. It's only outline planning permission but it apparently adds real value to the land itself. It could be then that the Hotel is irrelevant to the charge holders, they may already have ideas about knocking it down and building housing on it. That's assuming the planning permits still valid. Would such a thing appear in company accounts? Is planning permission seen as an asset?

10Anderson to take the Hotel? Empty Re: Anderson to take the Hotel? on Tue May 14 2019, 22:12

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:My understanding is that the real value of the Hotel is the land it stands on (which is freehold and owned by the hotel) and the fact it has multiple (or did) planning permissions including a potential development as private homes or as it's now termed low cost housing. It's only outline planning permission but it apparently adds real value to the land itself. It could be then that the Hotel is irrelevant to the charge holders, they may already have ideas about knocking it down and building housing on it. That's assuming the planning permits still valid. Would such a thing appear in company accounts? Is planning permission seen as an asset?

I seriously doubt that they could demolish the hotel without bringing the rest of the stadium down - which of course the owners of the hotel couldn't do without owning the stadium also (and visa versa of course).

So I think the hotel and ground are staying as they are for some time longer yet.

11Anderson to take the Hotel? Empty Re: Anderson to take the Hotel? on Tue May 14 2019, 23:16

Sluffy

Sluffy
Admin
Bolton Whites Hotel set to open its doors once again

THE Bolton Whites Hotel is set to open its doors again on Wednesday.
Customers will be welcomed back from 2pm as the business looks to get back up and running following a chaotic few weeks.

The hotel was forced to close on May 1 after it could no longer guarantee the health and safety of guests and staff due to cashflow problems at the club.
A week later the High Court was notified that the business was being placed into administration, halting a winding-up petition from HMRC.

Hotel manager Suzanne Speak paid tribute to the hard work of her employees and the catering staff which have enabled several events to take place, even with the main business closed.

Now, she is looking forward to welcoming guests back into the building.
“The staff have worked absolutely tirelessly, I cannot praise them highly enough,” she said.

“They have gone above and beyond so that we are able to re-open and get back to normality.

“We’d also like to thank customers, who have been very understanding in such testing times.”

Official confirmation of an administrator has not yet been made but a statement is expected at some stage tomorrow morning.

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12Anderson to take the Hotel? Empty Re: Anderson to take the Hotel? on Wed May 15 2019, 09:46

rammywhite

rammywhite
Frank Worthington
Frank Worthington
[You must be registered and logged in to see this link.] wrote:My understanding is that the real value of the Hotel is the land it stands on (which is freehold and owned by the hotel) and the fact it has multiple (or did) planning permissions including a potential development as private homes or as it's now termed low cost housing. It's only outline planning permission but it apparently adds real value to the land itself. It could be then that the Hotel is irrelevant to the charge holders, they may already have ideas about knocking it down and building housing on it. That's assuming the planning permits still valid. Would such a thing appear in company accounts? Is planning permission seen as an asset?

Several questions there. Firstly planning permission  would be an intangible asset  and would not appear in the Accounts as it doesn't conform to the accounting definition of an asset- something which I won't bore you with.
It would appear in the Accounts if the land is 'in play'  i.e the business is taking active steps to market it. It might just appear otherwise as a Note to the Accounts if there had been discussions about putting it up for sale
I'd like to know how they got planning permission to build on it as the land area is small and its attached to the stadium. It might be that they own part of the car park in front of it- but given that area, the land value is nothing like the £8milion in the Accounts. I am sceptical that the hotel owns the freehold to the land- but I suppose that they might. If its for low cost housing then the value is nothing like £8milion - that could never be recovered.
But things will move quickly now with the Administrator so we won't have to wait long to see what happens to it. If its saleable then the Administrator ( which is a differnt Administration to Burnden Leisure although it could be the same people with different hats on) will offload it as soon as they can as it offers a fairly hefty chunk of cash if they can convert it  to cash. But lets see what the chargeholders say about that.
But again after investigation the Administrator might see a commercial future for the hotel and develop a plan to allow it to trade through and become an independent going concern.
Lots of potential outcomes none of which is certain

13Anderson to take the Hotel? Empty Re: Anderson to take the Hotel? on Wed May 15 2019, 17:05

Cajunboy

Cajunboy
Andy Walker
Andy Walker
It's really interesting, the trouble is we all want it to happen at the speed of light.

14Anderson to take the Hotel? Empty Re: Anderson to take the Hotel? on Wed May 15 2019, 18:35

Sluffy

Sluffy
Admin
Administrators appointed to Bolton Whites Hotel

ADMINISTRATORS have been appointed at the Bolton Whites Hotel as it prepared to open its doors once again.

Andrew Hosking, Sean Bucknall and Michael Kiely, partners at business advisory firm Quantuma, have been appointed joint administrators of Bolton Whites Hotel Limited.

The 125-bedroom hotel, situated within Bolton Wanderers’ University of Bolton Stadium, had ceased to operate on May 1 as the cash-crisis at the club deepened.

Paul Appleton and Asher Miller of David Rubin & partners were appointed as joint administrators of Burnden Leisure Limited and Bolton Wanderers Football and Athletic Company on Monday.

Quantuma partner and joint administrator Andrew Hosking said “The joint administrators will be seeking to resume trading of the hotel at the earliest opportunity. The hotel is an integral part of the club and with the football season having drawn to a close, it is our priority to ensure that operations at the hotel resume and revenues are generated.

“We will be working closely with the joint administrators of Bolton Wanderers Football and Athletic Club and Burnden Leisure Limited to assist in achieving the optimum outcome for creditors and securing a long-term future for the club.”

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15Anderson to take the Hotel? Empty Re: Anderson to take the Hotel? on Wed May 15 2019, 20:38

gloswhite

gloswhite
Jay Jay Okocha
Jay Jay Okocha
[You must be registered and logged in to see this link.] wrote:My understanding is that the real value of the Hotel is the land it stands on (which is freehold and owned by the hotel) and the fact it has multiple (or did) planning permissions including a potential development as private homes or as it's now termed low cost housing. It's only outline planning permission but it apparently adds real value to the land itself. It could be then that the Hotel is irrelevant to the charge holders, they may already have ideas about knocking it down and building housing on it. That's assuming the planning permits still valid. Would such a thing appear in company accounts? Is planning permission seen as an asset?
You make it sound like another 'Normid' is looming  Shocked

16Anderson to take the Hotel? Empty Re: Anderson to take the Hotel? on Thu May 16 2019, 08:46

Norpig

Norpig
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:My understanding is that the real value of the Hotel is the land it stands on (which is freehold and owned by the hotel) and the fact it has multiple (or did) planning permissions including a potential development as private homes or as it's now termed low cost housing. It's only outline planning permission but it apparently adds real value to the land itself. It could be then that the Hotel is irrelevant to the charge holders, they may already have ideas about knocking it down and building housing on it. That's assuming the planning permits still valid. Would such a thing appear in company accounts? Is planning permission seen as an asset?
You make it sound like another 'Normid' is looming  Shocked

Stick a Carrs pasties drive through there, it will make a fortune

17Anderson to take the Hotel? Empty Re: Anderson to take the Hotel? on Thu May 16 2019, 19:14

luckyPeterpiper

luckyPeterpiper
Frank Worthington
Frank Worthington
It does seem weird to me but it looks like the carpark and at least some of the hotel's 'footprint' are on freehold land while most of the stadium itself is on land that's leased. I can't make head or tail of it. As to the planning permissions that's my bad. Apparently it applied to where Burnden Park was. When the club first mooted a move one of the initial plans was to demolish and rebuild a 'New Burnden' on the original site but the Council felt it was impractical due to both the size of the construction itself and the frankly enormous alterations to things like surrounding roads that would be required to allow safe access and proper policing on match days. However, the club (or perhaps ED) put forward a number of different proposals in a bid to keep the ground in Bolton but the Council were adamant that such a site should be on the outskirts not within the town itself. In the end it worked out cheaper to build fresh infrastructure and the shopping centre etc at Horwich Parkway rather than anything that could be done at the alternative sites that were offered.

18Anderson to take the Hotel? Empty Re: Anderson to take the Hotel? on Tue May 21 2019, 18:13

Sluffy

Sluffy
Admin
Bolton Whites Hotel cuts ties with catering partners Heathcote & Co

BOLTON Wanderers have severed ties with catering partners Heathcote & Co after six years.
Notice was given on Monday night that The Bolton Whites Hotel intend to bring catering services in-house as part of a cost-saving exercise.
Twenty-five full and 175 part-time staff based are employed by Heathcote & Co to service hospitality boxes at the stadium, many of which are brought in only for match-days or special events.
The company, who became Wanderers’ official catering partners in 2013, expect that contracts will be picked up by the hotel and that changes will not result in a net loss of jobs.

The 125-bedroom four-star hotel is currently in administration but reopened on May 14 with all previous hotel employees back in situ.
Andrew Hosking, Sean Bucknall and Michael Kiely, partners at business advisory firm Quantuma, were appointed joint administrators of the hotel, and are currently acting independently of Rubin and Partners, who are administrators of the football club.
Partner, Andrew Hosking, said: “The priority of the administrators is to ensure the best outcome for stakeholders.
“We will be working with the management team to assist the hotel to return to short term profitability.

“To assist with this exercise the administrators have scrutinised the existing financial commitments of the hotel. It has become apparent that the existing contract for the provision of catering is not aligned to the objectives of the administrators and as such, the decision has been made to bring the provision of high-quality catering in house in the interest of the hotel and the creditors.”
Paul Heathcote, co-owner of Heathcote & Co, says he is currently seeking legal advice on his position after being told late on Monday that the deal had been ended.
“Late yesterday we were issued with a withdrawal of services notice from Walker Morris solicitors and because it was so late in the day it gave us little time to react,” he told The Bolton News.

“As a consequence we unfortunately were unable to communicate with our people successfully because of the lack of information which was available at the time.
“We believe our staff are being transferred over via TUPE (Transfer of Undertakings Protection of Employment) to Quantuma who appear to be taking the catering services in-house as far as we can assess.
"Given the national publicity and public gaze the aim of the administrator now must be to make sure that people who have been gainfully employed looking after the business and hotel contract for the last six years have their rights protected. It is unfortunate that no consultation took place. Again, a lack of communication has been sorely evident."
It is understood that the hotel is confident future events and conferences, including the upcoming Rod Stewart concert, can be adequately staffed and catered despite the ongoing issues.

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19Anderson to take the Hotel? Empty Re: Anderson to take the Hotel? on Tue May 21 2019, 18:28

BoltonTillIDie

BoltonTillIDie
Nat Lofthouse
Nat Lofthouse
This sounds like a great move for the club, apparently we were losing money facilitating the agreement

20Anderson to take the Hotel? Empty Re: Anderson to take the Hotel? on Tue May 21 2019, 19:03

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:This sounds like a great move for the club, apparently we were losing money facilitating the agreement

I wouldn't get too carried away just yet.

What you say does seem to suggest what Anderson had been saying for some time that the Heathcote contract does appear to be loaded heavily in their favour and thus not so good for the hotel (note I deliberately say hotel and not club, I'll try to explain why shortly).

This is backed up from what the Administrator says about it 'not being aligned to the objectives of the Administrators' - which basically recover as much money as they can for the outstanding contractors.

So to me it looks as though Heathcote's contract is above and beyond normal catering contracts of this size, profit margins - or in other words we have been being ripped on this contract from when it was first signed.

I come back to why it is good for the hotel though and not necessarily the club, it is because separate Administrators are dealing with separate assets - one of which is the hotel - and which may be sold off.

Not sure selling off 'clubs' assets such as the hotel is ultimately a good thing but if needs must, there is little other choice.

Fwiw it looks like Anderson told it honestly about how bad this contract really was that he inherited!

21Anderson to take the Hotel? Empty Re: Anderson to take the Hotel? on Tue May 21 2019, 19:11

maconman


Mario Jardel
Mario Jardel
Presumably Anderson has a right to claim because when the Club needed £5m he arranged for Eddie to lend him £5m, secured against his shares, which he then lent on to the Club (secured against the assets). His shares are, of course now worthless.

22Anderson to take the Hotel? Empty Re: Anderson to take the Hotel? on Tue May 21 2019, 19:40

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 link.] wrote:This sounds like a great move for the club, apparently we were losing money facilitating the agreement


Fwiw it looks like Anderson told it honestly about how bad this contract really was that he inherited!
But he was the owner for 3 years and failed to do anything about it.
It has taken the administrator 1 week to do sort it

23Anderson to take the Hotel? Empty Re: Anderson to take the Hotel? on Tue May 21 2019, 19:48

BoltonTillIDie

BoltonTillIDie
Nat Lofthouse
Nat Lofthouse
Contracts...the administrator, has the power to terminate the contract

24Anderson to take the Hotel? Empty Re: Anderson to take the Hotel? on Tue May 21 2019, 20:09

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:Presumably Anderson has a right to claim because when the Club needed £5m he arranged for Eddie to lend him £5m, secured against his shares, which he then lent on to the Club (secured against the assets). His shares are, of course now worthless.

Sort of correct.

As I understand it Davies loaned KA's company Inner Circle Investments £5m which was created on the 7th Sept, 2018 -

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Davies (Moonshift) at the same time made a charge against the club 

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Thus meaning that unless the payment was repaid by ICI the ownership of the club defaulted to Eddie - thus there was never an intrinsic value in the shares themselves.

The BluMarble loan was settled on the 24th Sept (the bulk of it as far as I can understand it was set against the hotel as security) -

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Interestingly AFTER the BM loan was settled Ken placed a £5m charge on the same assets which had just been freed up by the BM payment - on the 27th Sept, 2018 

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Now no one has been able to unequivocally explain to me how KA Eddie's £5m both paid off BM AND was able to be a charge against assets 3 days later?

The best I've been told is that there was some delay in the paper work or something but I'm not convinced that is correct?

I suspect it really is KA's money that he used knowing he would always get it back as a secured creditor on the hotel - and hence why he's the one who appointed the Administrator for the hotel and Eddie's estate hasn't bothered with the hotel.

As far as I can figure it out, once Eddie's estate put the club into Admin it wiped the debt between him and ICI because Admin basically took KA's ownership shares off him.

Some (Howard) said the debt still stands but I can't see how it does?

So in very simple terms Eddie put in £5m and ended up paying the BM debt and Ken put in £5m and he gets that back once the hotel is sold.

I can't see how Ken could secure £5m against the hotel, which already had debts fully covering it's worth at the time - that's a bit like taking two insurances out on the same thing and trying to claim on both of them to my way of thinking?

All shares in the club including the 5.5% owned by numerous shareholders are as you said worthless now the club is in Admin.

I may well be wrong about some/all of this but it makes more sense to me than any other claims I've heard.

Hope this is of some help.

25Anderson to take the Hotel? Empty Re: Anderson to take the Hotel? on Tue May 21 2019, 20:19

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:This sounds like a great move for the club, apparently we were losing money facilitating the agreement


Fwiw it looks like Anderson told it honestly about how bad this contract really was that he inherited!
But he was the owner for 3 years and failed to do anything about it.
It has taken the administrator 1 week to do sort it

BTID has answered you above.  Administrators have draconian powers in order to save companies that aren't available to anyone else.

Anderson had to honour the contract that he inherited, the Administrator didn't and hasn't.

No matter what you clearly think about Ken it does look as though the Administrator agrees with him that the Heathcote contract was a very bad one in terms of how it clearly was substantially profiting for itself at a cost to the hotel otherwise he wouldn't go to the considerable trouble of terminating it, TUPEing across the staff and employing them under the Auditors name, prior to TUPEing them again onwards to the eventual purchaser of the hotel.

26Anderson to take the Hotel? Empty Re: Anderson to take the Hotel? on Wed May 22 2019, 05:54

Growler


Tony Kelly
Tony Kelly
Considerable trouble?

It's taken a week and it's just part of an administrator's job.If they didn't want the hassle of stuff like that they wouldn't  take work as administrators

27Anderson to take the Hotel? Empty Re: Anderson to take the Hotel? on Wed May 22 2019, 08:49

Sluffy

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

It's taken a week and it's just part of an administrator's job.If they didn't want the hassle of stuff like that they wouldn't  take work as administrators

You're not understanding what I've said.

It's nothing to do with their work as Administrators directly.

The considerable trouble is the vast amount of Human Resources staff and work that will be involved in transferring the Heathcote employees to become employees of the Administrators company and once a sale is completed the transfer on of all these employees to the purchaser.

All that is going to take time and money YET the Administrators must still believe it will still work out considerably cheaper than continuing to pay Heathcote as per its existing contract.

The Admins job is to CUT costs not create them, so clearly Anderson had been stating the truth in respect to how bad a contract this was for the club that he inherited when he took over (and presumably was unable to negotiate down or terminate).

28Anderson to take the Hotel? Empty Re: Anderson to take the Hotel? on Sat May 25 2019, 01:10

Sluffy

Sluffy
Admin
Bolton Whites Hotel could be split from Wanderers in sale

ADMINISTRATORS at the Bolton Whites Hotel insist the business will not necessarily be packaged in with a sale of Bolton Wanderers.

A statement sent out by the club’s administrators on Wednesday suggested £25million proof of funds would cover both businesses – but Quantuma, acting on behalf of the hotel, reject the claim.

Staff were paid their overdue April wages yesterday and May salaries are expected by the end of the month.

Administrators say selling or rebranding the hotel as a separate entity has not been ruled out.

Andrew Hosking, partner at Quantuma, said: “The joint administrators of Bolton Whites Hotel are pleased to note the recent announcement from the football club in relation to potentially interested parties. We are currently focused on the integration of catering and enhancing profit at the hotel.

“For the avoidance of doubt, the football club and the hotel are separate entities, so the joint administrators of Bolton Whites Hotel are instructing their own valuers and agents. Any interested parties in the hotel will need to make direct contact, as neither Bolton Wanderers or their agents have any instructions to discuss or collate offers."

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