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Bolton Nuts » BWFC » Bolton Wanderers Banter » OFFICIAL CLUB SOLD TO FV!!!!!

OFFICIAL CLUB SOLD TO FV!!!!!

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1OFFICIAL CLUB SOLD TO FV!!!!! Empty OFFICIAL CLUB SOLD TO FV!!!!! on Thu Jun 13 2019, 10:02

Hipster_Nebula

Hipster_Nebula
Nat Lofthouse
Nat Lofthouse
Bassini has been seen at the ground but unconfirmed at the mo

2OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Thu Jun 13 2019, 10:09

karlypants

karlypants
Nat Lofthouse
Nat Lofthouse
affraid

3OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Thu Jun 13 2019, 10:23

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
Statement just issued by the club, it's still confidential until tomorrow.

The Joint Administrators for Bolton Wanderers can confirm a preferred bidder for the club has been identified and notified of their successful offer.
Best and final offers were received from five parties by the 4pm deadline on Wednesday and, after careful consideration, it was clear the preferred bid met every criteria laid down by the Joint Administrators. These included, but were not limited to;
- The highest bid for the club
- Proof and source of significant funding
- Ability to fund the club for a minimum of two years
- Ability to satisfy secured, football and unsecured creditors
- EFL approval
The preferred bidder has also agreed to inject £1million into the club in order to fund the immediate running of the club and the rebuilding of the playing squad ahead of the new season.
Paul Appleton of David Rubin & Partners said: "I am delighted we have been able to reach a more than satisfactory outcome to this stage of the process and I am confident the preferred bidder has the ability to take Bolton Wanderers forward.
"We are now working towards a signed Heads of Terms agreement by close of play on June 14 and until that has been signed, we are still bound by the confidentiality agreement within the process.
"But I can assure all Bolton Wanderers fans that the preferred bidder has both the financial ability and the determination to turn around the fortunes of this great football club."

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

4OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Thu Jun 13 2019, 10:27

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
It says from joint administrators so i presume the Hotel is included in the deal and is not separate?

5OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Thu Jun 13 2019, 11:38

Natasha Whittam

Natasha Whittam
Nat Lofthouse
Nat Lofthouse
But I can assure all Bolton Wanderers fans that the preferred bidder has both the financial ability and the determination to turn around the fortunes of this great football club

You can't ask for more than that.

Rob Earnshaw should keep his phone on.

6OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Thu Jun 13 2019, 11:56

rammywhite

rammywhite
Frank Worthington
Frank Worthington
The Administrators statement says that the new owners will immediately inject £1million into the club. I'm afraid that's chickenfeed if they think that will solve any problems in the short term. If it was £10 million then I'd feel more comfortable.
This worries me- I think we are still not out of the woods yet

7OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Thu Jun 13 2019, 12:01

MartinBWFC

MartinBWFC
Frank Worthington
Frank Worthington
[You must be registered and logged in to see this link.] wrote:The Administrators statement says that the new owners will immediately inject £1million into the club. I'm afraid that's chickenfeed if they think that will solve any problems in the short term. If it was £10 million then I'd feel more comfortable.
This worries me- I think we are still not out of the woods yet
Another worry is that when Bassini first started spouting, his first statement was he is willing to pump £1m straight away to keep the club running.

8OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Thu Jun 13 2019, 12:27

Hipster_Nebula

Hipster_Nebula
Nat Lofthouse
Nat Lofthouse
"Bassini has proven to the administrators that he once stood in the same room as one of the co-owners of Facebook and may be able to get him on the phone.

This apparently was a big fillip for his bid."

ILES this morning.

9OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Thu Jun 13 2019, 13:45

finlaymcdanger

finlaymcdanger
El Hadji Diouf
El Hadji Diouf
[You must be registered and logged in to see this link.] wrote:"Bassini has proven to the administrators that he once stood in the same room as one of the co-owners of Facebook and may be able to get him on the phone.

This apparently was a big fillip for his bid."

ILES this morning.

Too embarrassing to be true.

10OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Thu Jun 13 2019, 14:33

Cajunboy

Cajunboy
Andy Walker
Andy Walker
The preferred bidder has also agreed to inject £1million into the club in order to fund the immediate running of the club and the rebuilding of the playing squad ahead of the new season.




I never knew you could do so much with £1 million.








Please tell me it isn't Bassini!

11OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Thu Jun 13 2019, 14:55

Cajunboy

Cajunboy
Andy Walker
Andy Walker
Surely its Football Ventures with M James's involvment with the club already.

12OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Thu Jun 13 2019, 15:06

MartinBWFC

MartinBWFC
Frank Worthington
Frank Worthington
[You must be registered and logged in to see this link.] wrote:"Bassini has proven to the administrators that he once stood in the same room as one of the co-owners of Facebook and may be able to get him on the phone.

This apparently was a big fillip for his bid."

ILES this morning.
Even for you that is an embarrassing post.

13OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Thu Jun 13 2019, 18:20

BoltonTillIDie

BoltonTillIDie
Nat Lofthouse
Nat Lofthouse
Football Ventures According to BEN and The Times

14OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Thu Jun 13 2019, 18:31

MartinBWFC

MartinBWFC
Frank Worthington
Frank Worthington
[You must be registered and logged in to see this link.] wrote:Football Ventures According to BEN and The Times
Times also saying they will be asking Parkinson to leave his role, ABOUT FUCKING TIME, things can only get better.

15OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Thu Jun 13 2019, 19:02

Hipster_Nebula

Hipster_Nebula
Nat Lofthouse
Nat Lofthouse
Jesus. Absolute skinflints. Have to ask questions of the admin now.

16OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Thu Jun 13 2019, 21:51

luckyPeterpiper

luckyPeterpiper
Frank Worthington
Frank Worthington
I can't help wondering what the "immediate 1 million" is actually for. I can't see how that amount can possibly be enough to do everything it's alleged to be for. In truth I'd bet that's about how much is owed to unpaid staff etc to bring them up to date and maybe a couple of other bits and bobs for outside suppliers but take the club forward and build a squad for that? Somebody's been smoking the peace pipe if they really believe that's possible.

17OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Thu Jun 13 2019, 21:53

Natasha Whittam

Natasha Whittam
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:I can't help wondering what the "immediate 1 million" is actually for. I can't see how that amount can possibly be enough to do everything it's alleged to be for. In truth I'd bet that's about how much is owed to unpaid staff etc to bring them up to date and maybe a couple of other bits and bobs for outside suppliers but take the club forward and build a squad for that? Somebody's been smoking the peace pipe if they really believe that's possible.

Getting sick and tired of posts like this.

We were probably close to going bust, yet people are now moaning that we've only got £1m to play with.

Just be thankful you've got a fucking club to support from your fucking armchair.

18OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Thu Jun 13 2019, 22:22

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:I can't help wondering what the "immediate 1 million" is actually for. I can't see how that amount can possibly be enough to do everything it's alleged to be for. In truth I'd bet that's about how much is owed to unpaid staff etc to bring them up to date and maybe a couple of other bits and bobs for outside suppliers but take the club forward and build a squad for that? Somebody's been smoking the peace pipe if they really believe that's possible.

It could be for anything Peter, and to be fair whoever has put it in hasn't even bought the club yet.

I'd like to think some of the money would be used to immediately secure some of the youngsters out of contact such as Jake Turner and Harry Brockbank which other clubs seem to be eager to sign.

There is also something in The Times (which I've not seen because you have to subscribe to it on line) which suggest the new owners want to pot Parkinson and replace him with Lee - maybe the money is to facilitate that in order to get a new manager in place urgently.

I'm just guessing but I suspect the money is intended to move the club on immediately and not for existing debts or ongoing running costs which all will be met out of the sale settlement when it is finalised.

19OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Thu Jun 13 2019, 23:10

luckyPeterpiper

luckyPeterpiper
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 can't help wondering what the "immediate 1 million" is actually for. I can't see how that amount can possibly be enough to do everything it's alleged to be for. In truth I'd bet that's about how much is owed to unpaid staff etc to bring them up to date and maybe a couple of other bits and bobs for outside suppliers but take the club forward and build a squad for that? Somebody's been smoking the peace pipe if they really believe that's possible.

Getting sick and tired of posts like this.

We were probably close to going bust, yet people are now moaning that we've only got £1m to play with.

Just be thankful you've got a fucking club to support from your fucking armchair.

Nat I'm not being negative. I simply don't understand what the statement means. I suspect it's an immediate injection to bring pay etc up to date rather than to actually buy and pay new personnel and if I'm right then of course it's a very good thing. I'm certainly not moaning about having a million to play with assuming we do especially after the last few weeks but I think even you would agree it isn't enough to do everything going forward.

It's one hell of a good start though and for the first time since Christmas I feel there might finally be some light at the end of the tunnel. Next season's gonna be tough of course but if we can get out of admin and not see any more winding up petitions or paying people late I'll take that as a win.

20OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Thu Jun 13 2019, 23:14

luckyPeterpiper

luckyPeterpiper
Frank Worthington
Frank Worthington
sluffy if you're right and it's entirely new money over and above settling existing debts etc then Christmas arrived at UOBS in June mate. That really would be awesome. Anyway, for the first time in months I'm actually looking forward to an announcement from the club. I just hope it doesn't say Bassini's involved in the new ownership is all.

21OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jun 14 2019, 08:38

Hipster_Nebula

Hipster_Nebula
Nat Lofthouse
Nat Lofthouse
At least we know now we will be in the doldrums for many many years.

We will be revisiting this scenario in a few years when this lot have run out of funds.

22OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jun 14 2019, 09:06

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:I can't help wondering what the "immediate 1 million" is actually for. I can't see how that amount can possibly be enough to do everything it's alleged to be for. In truth I'd bet that's about how much is owed to unpaid staff etc to bring them up to date and maybe a couple of other bits and bobs for outside suppliers but take the club forward and build a squad for that? Somebody's been smoking the peace pipe if they really believe that's possible.

Getting sick and tired of posts like this.

We were probably close to going bust, yet people are now moaning that we've only got £1m to play with.

Just be thankful you've got a fucking club to support from your fucking armchair.

 Spot on Nat  :clap:

Hipster take note, your constant negativity is draining

23OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jun 14 2019, 17:31

MartinBWFC

MartinBWFC
Frank Worthington
Frank Worthington
[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
[size=1]More
[/size]
Bolton. New owners waiting on legal work to be done. Next step will be revealing who are their financial friends. People close to it seem rather cheerful.

24OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jun 14 2019, 18:01

MartinBWFC

MartinBWFC
Frank Worthington
Frank Worthington
The takeover of [You must be registered and logged in to see this link.] has encountered a slight delay regarding the legalities of the deal,[/size]
[You must be registered and logged in to see this link.]

What's the betting Bassini has thrown a wobbler?

25OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jun 14 2019, 19:25

Hipster_Nebula

Hipster_Nebula
Nat Lofthouse
Nat Lofthouse
Oh dear. I wonder if it's lack of funds.

26OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Sat Jun 15 2019, 18:01

RangersDave

RangersDave
David Ngog
David Ngog
Hi guys,
Just popping back in to say congratulations on getting a buyer. nice that you had a few lined up too.
Just had a look on companys' house, and there are 4 directors, with 2 sharing ownership shares of £1.00 value each.
One of the 4 Directors is a Bolton based lad, so fingers crossed he will have his ear to the ground , re. the fans.
Best wishes for the closed season and fingers crossed we get to play you again next season (no not because we are relegated either, before some wag suggests it. lol) Onwards and upwards! 
Rangers Dave

https://purpleport.com/portfolio/nthusiastuk/

27OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Sat Jun 15 2019, 18:32

BoltonTillIDie

BoltonTillIDie
Nat Lofthouse
Nat Lofthouse
Cheers Dave!

28OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Sun Jun 16 2019, 00:01

Sluffy

Sluffy
Admin
Yes, thanks Dave, your thoughts have been very much appreciated!

:drinks:

29OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Mon Jun 17 2019, 11:32

terenceanne

terenceanne
El Hadji Diouf
El Hadji Diouf
Can any of you throw some light on who Football Ventures actually is and more importantly have they got major money to invest? I know nothing about them at all.

30OFFICIAL CLUB SOLD TO FV!!!!! Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Mon Jun 17 2019, 12:12

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
Bit of information on the people involved in the article. Michael James is a Bolton fan and has already loaned the club money in the past and is still owed money i think?

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