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

OFFICIAL CLUB SOLD TO FV!!!!!

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121OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Mon Jul 01 2019, 18:34

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:Still no bloody announcement!


Just now -

Football Ventures (Whites) Limited are confirmed as the Preferred Bidder for the acquisition of the club.

Paul Appleton of David Rubin & Partners, said: "We undertook a comprehensive bidding process where all interested parties were given an opportunity to make their best and final offer for the club.

"Football Ventures made the highest offer by a substantial margin and were also able to show absolute proof and source of funding to match the requirements of the process.

"They were also able to show the viability of a minimum two-year business plan for the club which was of the utmost importance.

"With the Heads of Terms agreement signed, we now move towards a Sales and Purchase Agreement and the completion of the deal."

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

122OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Mon Jul 01 2019, 20:05

wessy

wessy
Andy Walker
Andy Walker
Until the S&P agreement is over the line, i can't get over excited especially with Bassini making waves. The first time football is the subject then i will be very happy. However at least we are heading to a conclusion.

123OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Mon Jul 01 2019, 20:21

boltonbonce

boltonbonce
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:Until the S&P agreement is over the line, i can't get over excited especially with Bassini making waves. The first time football is the subject then i will be very happy. However at least we are heading to a conclusion.
Yes, like the Titanic. 'Steward, ice'.

124OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Mon Jul 01 2019, 20:44

sunlight

sunlight
Nicolas Anelka
Nicolas Anelka
They are going to be tight on us and dock us a load of points.

125OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Jul 03 2019, 19:52

Sluffy

Sluffy
Admin
Martin will be thrilled!

126OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Jul 03 2019, 20:30

Natasha Whittam

Natasha Whittam
Nat Lofthouse
Nat Lofthouse
Madness on both a playing and commercial front.

127OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Jul 03 2019, 20:58

MartinBWFC

MartinBWFC
Frank Worthington
Frank Worthington
[You must be registered and logged in to see this link.] wrote:Martin will be thrilled!

Actually given the timeframe and recruitment it makes sense, but I will wager that if crowds are down as predicted and results don't go in our favour he'll be potted before November.

128OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Jul 03 2019, 21:00

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:Madness on both a playing and commercial front.

I guess it comes down to having enough spare money to pot Parky and his staff and that Anderson isn't anything like as black as people wanted to have painted him and that Aldridge isn't tainted by this so called corruption of Ken's.

Aldridge was highly respected before he came to the club and those type of people tend to value their reputation more than a job - you can always get a new job but you can't get a new reputation once you've lost it.

I strongly suspect Aldridge has run the club honestly under Ken and that he knows that Ken hasn't done a fraction of what he's been accused of.

Maybe Parky has learned that negative football is what people pay to see and becomes more positive - he starts -12 points down anyway so we need some wins.

It would have been better if he had left but as he hasn't then we've got a manager that knows the division, seems to be a decent human being and maybe feels somehow reborn under a new ownership.

Fingers crossed anyway.

129OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Jul 03 2019, 21:06

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:Martin will be thrilled!

Actually given the timeframe and recruitment it makes sense, but I will wager that if crowds are down as predicted and results don't go in our favour he'll be potted before November.

Don't worry Martin we are already investigating the obvious hack into your account and can assure you that your personal details such as your email address [You must be registered and logged in to see this link.] and your password p*r*y*s*c*n* are secure.

130OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Jul 03 2019, 21:14

Natasha Whittam

Natasha Whittam
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:I guess it comes down to having enough spare money to pot Parky and his staff and that Anderson isn't anything like as black as people wanted to have painted him and that Aldridge isn't tainted by this so called corruption of Ken's.

Aldridge was highly respected before he came to the club and those type of people tend to value their reputation more than a job - you can always get a new job but you can't get a new reputation once you've lost it.

I strongly suspect Aldridge has run the club honestly under Ken and that he knows that Ken hasn't done a fraction of what he's been accused of.

Maybe Parky has learned that negative football is what people pay to see and becomes more positive - he starts -12 points down anyway so we need some wins.

It would have been better if he had left but as he hasn't then we've got a manager that knows the division, seems to be a decent human being and maybe feels somehow reborn under a new ownership.

Fingers crossed anyway.

True, but I just think this club needs a fresh face at the helm, to put the past behind us.

We all know that a poor start will turn the place toxic again, at least a new man might get a bit longer to change our fortunes.

But, ultimately for me, it comes down to the absolutely turgid football played by Parky's teams. It makes Saturday afternoon a chore rather than a pleasure, and that alone should have been enough for the new owners to look for a new manager.

131OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Jul 03 2019, 21:56

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:I guess it comes down to having enough spare money to pot Parky and his staff and that Anderson isn't anything like as black as people wanted to have painted him and that Aldridge isn't tainted by this so called corruption of Ken's.

Aldridge was highly respected before he came to the club and those type of people tend to value their reputation more than a job - you can always get a new job but you can't get a new reputation once you've lost it.

I strongly suspect Aldridge has run the club honestly under Ken and that he knows that Ken hasn't done a fraction of what he's been accused of.

Maybe Parky has learned that negative football is what people pay to see and becomes more positive - he starts -12 points down anyway so we need some wins.

It would have been better if he had left but as he hasn't then we've got a manager that knows the division, seems to be a decent human being and maybe feels somehow reborn under a new ownership.

Fingers crossed anyway.

True, but I just think this club needs a fresh face at the helm, to put the past behind us.

We all know that a poor start will turn the place toxic again, at least a new man might get a bit longer to change our fortunes.

But, ultimately for me, it comes down to the absolutely turgid football played by Parky's teams. It makes Saturday afternoon a chore rather than a pleasure, and that alone should have been enough for the new owners to look for a new manager.

I agree and the new owners probably agree too - so I suspect they simply don't have the spare money to pot him and his staff.

Maybe he'll build his team around Oztumer and go for it, I guess he will have a freer hand than under Ken who I'm certain brought in players Parkinson simply didn't want.

In a way he's got a blank canvass to go at, he can think of how he wants to set his teams out and then go for the players that fits the system, perhaps rather than making players who don't fit the system to squeeze into it out of necessity.

He's got one last chance really and if he's got any sense will need to get some quick early wins and get the supporters on board with him playing positively.

He would be a fool to once again go defensive first, knowing we start 12 points (plus whatever might be given to us for the players strike match we didn't play) behind and have to start behind everyone else.

132OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Thu Jul 04 2019, 00:23

finlaymcdanger

finlaymcdanger
El Hadji Diouf
El Hadji Diouf
If Parky stays I definitely won’t be renewing my season ticket. But only because I haven’t had one for about 20 years.

133OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 05 2019, 15:39

Sluffy

Sluffy
Admin
Sharon Brittan and Parky in Manchester Starbucks today, allegedly, although it does look genuine.

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

134OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 05 2019, 15:54

Natasha Whittam

Natasha Whittam
Nat Lofthouse
Nat Lofthouse
Hopefully delivering some good news.

135OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 05 2019, 16:02

gloswhite

gloswhite
Jay Jay Okocha
Jay Jay Okocha
Hope thats not his leg we can see  Shocked

136OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 05 2019, 16:04

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
She could have taken him somewhere classier to break the bad news surely?  Very Happy

137OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 05 2019, 16:06

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:She could have taken him somewhere classier to break the bad news surely?  Very Happy

That's the point - she would!

So it is starting to look that he is staying.

138OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 05 2019, 16:13

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
Good news for him. bad news for us!

139OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 05 2019, 17:36

terenceanne

terenceanne
El Hadji Diouf
El Hadji Diouf
Sluffy's theory above about not having enough money to Pot Parky better not be correct..... If this new group is dithering over relative pennies then we are still in the crapper. 
FV better have millions to burn for expenses, staff & players etc.
As a matter of fact I wouldn't mind a statement from the new people as to what their actual goals are for BWFC.  Unless I missed somat none of us have any idea what the plan is right now.

140OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Tue Jul 09 2019, 14:14

Sluffy

Sluffy
Admin
Looks as though the intended holding company for the ownership of the shares has been registered at Companies House -

FVWL FOOTBALL LIMITED

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

141OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Tue Jul 09 2019, 14:20

MartinBWFC

MartinBWFC
Frank Worthington
Frank Worthington
[You must be registered and logged in to see this link.] wrote:Looks as though the intended holding company for the ownership of the shares has been registered at Companies House -

FVWL FOOTBALL LIMITED

[You must be registered and logged in to see this link.]
Does this mean the takeover is imminent then?

142OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Tue Jul 09 2019, 14:55

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:Looks as though the intended holding company for the ownership of the shares has been registered at Companies House -

FVWL FOOTBALL LIMITED

[You must be registered and logged in to see this link.]
Does this mean the takeover is imminent then?

I would expect so.

Seems everything ticking along on the FV side of things (contrary to Nixon's tweets) otherwise they would not have bothered registering a holding company (if they hadn't got a financial backer to complete the deal) - and from the Administrators point of view, he's already confirmed FV has having the money and undertaking Heads of Terms, prior to the sale.

Would seem unimaginable if the Administrator has allowed things to get so far if things from the FV side had been so financially precarious or that Bassini had any grounds whatsoever for an injunction or whatever else he was claiming to do.

The negotiations around the hotel would seem to me to be the obvious area of any delays in that the Administrator for that has still to name who their preferred bidder is and how far down the line they are with the deal and how compatible/amenable they are with FV owning the club sharing joint facilities with the Hotel, etc - if it isn't FV who are the preferred bidder.

I think things will move forward to a conclusion this week with FV ending up owning both.

143OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Tue Jul 09 2019, 15:08

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 link.] wrote:Looks as though the intended holding company for the ownership of the shares has been registered at Companies House -

FVWL FOOTBALL LIMITED

[You must be registered and logged in to see this link.]
Does this mean the takeover is imminent then?

I would expect so.

Seems everything ticking along on the FV side of things (contrary to Nixon's tweets) otherwise they would not have bothered registering a holding company (if they hadn't got a financial backer to complete the deal) - and from the Administrators point of view, he's already confirmed FV has having the money and undertaking Heads of Terms, prior to the sale.

Would seem unimaginable if the Administrator has allowed things to get so far if things from the FV side had been so financially precarious or that Bassini had any grounds whatsoever for an injunction or whatever else he was claiming to do.

The negotiations around the hotel would seem to me to be the obvious area of any delays in that the Administrator for that has still to name who their preferred bidder is and how far down the line they are with the deal and how compatible/amenable they are with FV owning the club sharing joint facilities with the Hotel, etc - if it isn't FV who are the preferred bidder.

I think things will move forward to a conclusion this week with FV ending up owning both.
Thank goodness for that, maybe now we can all talk about incomings.

144OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Tue Jul 09 2019, 15:11

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
I'm hoping Parky has been lining up players ready for when the sale goes through, probably be freebies and released players though.

145OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Tue Jul 09 2019, 16:41

Natasha Whittam

Natasha Whittam
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:I'm hoping Parky has been lining up players ready for when the sale goes through, probably be freebies and released players though.

Probably Buckley, Taylor & Hobbs.

146OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Tue Jul 09 2019, 22:25

BoltonTillIDie

BoltonTillIDie
Nat Lofthouse
Nat Lofthouse

147OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Jul 10 2019, 08:39

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
Good old Kenocchio, did a great job but he'll get his cash back so that's ok isn't it? Rolling Eyes

148OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Jul 10 2019, 10:19

rammywhite

rammywhite
Frank Worthington
Frank Worthington
[You must be registered and logged in to see this link.] wrote:Good old Kenocchio, did a great job but he'll get his cash back so that's ok isn't it? Rolling Eyes

Are you sure? He has a charge on some assets and that charge has now crystallised so he can claim ownership of the asset- whatever it is. I suspect it's a second charge,  someone else like Moonshift might have a senior charge on the assets. He might be offered the asset- told to take it and get lost. The charge might be worthless, so there's no guarantee he'll get anything.
He's an unsecured creditor in the sum of £180,000  and he might get 35p in the £. So he might get  £63,000 for that. My heart bleeds for him but it bleeds more for our club and what that criminal shyster has done to our club.

149OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Jul 10 2019, 11:00

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
I'll trust your knowledge on these matters rammy, i just assumed as a secured creditor he would be guaranteed the amount reported by the administrators.

150OFFICIAL CLUB SOLD TO FV!!!!! - Page 5 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Jul 10 2019, 11:28

rammywhite

rammywhite
Frank Worthington
Frank Worthington
Its like if you have a mortgage on your property because you borrowed from a high street bank to buy it. Should you default on the payments the bank will re-possess the house , i.e. take the asset, and sell it. The same could happen here-  the secured creditor can take the asset and try to sell it. But the reality is that football assets  are not valuable for any other purpose. If Moonshift have a charge on the stadium, for example, then if they took possession of it, what would they do with it as its useless for any other purpose. They would attempt to lease it back to BWFC.
They'll do a deal with the new owners to delay payment, take a reduced payment ,or perhaps do a debt for equity swap.. One things for sure like most other Nutters I hope Anderson ends up with nothing

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