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OFFICIAL CLUB SOLD TO FV!!!!!

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151OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Jul 10 2019, 11:38

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: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.

I suspect he has some sort of a charge on the hotel.

Michael James/PBP has the first charge on the hotel of £5.5m which last book value seemed to be worth about £8.5m but I've been told by someone I trust is valued  at £4.5m to £5m by the Administrator.

I don't know if you've read this link yet -

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

...but would guess that is why the have left a question mark against how much a secured creditor PBP is - until the Hotel sale is finalised?

Would you mind if I asked you a question if this is indeed the case -

If Anderson was say a secondary secured creditor on the Hotel and the senior charge takes all the value in it, what happens to Anderson's money - is it lost, or does it simply become an unsecured creditor?

If so I wonder if that amounts to the same thing anyway as there wouldn't be anything to pay unsecured creditors on a company that would not fall under the EFL umbrella of having to pay even a minimum 25p in the £ to.

Thanks.

152OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Jul 10 2019, 12:54

rammywhite

rammywhite
Frank Worthington
Frank Worthington
Sluffy- I had seen the hyperlink and it is quite embarrassing that so many ordinary trading organisations and some individuals ( if Dr. Humphreys is an individual and not a corporate name) are going to end up with so little. We've lost them from the supply chain  unless we guarantee to pay them cash ( literally folding stuff) should they trade with us in future,
 As regards secured creditors, (as I understand current insolvency law) if the charge fails, it fails in its entirety. They would not become unsecured creditors. So if the primary charge holder  ( Prescott Business Park owner) accepts the hotel as  final settlement ,then Anderson will get nothing. That depends on the final negotiated valuation of the hotel ,presumably as a going concern, but as a secondary charge holder it leaves Anderson in a weak bargaining position. 
I think we'll have to wait until the 8 week period . for the hotel administration  report to be made public (which should be about now) to see who are the secured creditors. As I understand it, and again I may be wrong, the report that we're all looking at is for the football club and not necessarily for the hotel as well.

153OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Jul 10 2019, 13:23

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:Sluffy- I had seen the hyperlink and it is quite embarrassing that so many ordinary trading organisations and some individuals ( if Dr. Humphreys is an individual and not a corporate name) are going to end up with so little. We've lost them from the supply chain  unless we guarantee to pay them cash ( literally folding stuff) should they trade with us in future,
 As regards secured creditors, (as I understand current insolvency law) if the charge fails, it fails in its entirety. They would not become unsecured creditors. So if the primary charge holder  ( Prescott Business Park owner) accepts the hotel as  final settlement ,then Anderson will get nothing. That depends on the final negotiated valuation of the hotel ,presumably as a going concern, but as a secondary charge holder it leaves Anderson in a weak bargaining position. 
I think we'll have to wait until the 8 week period . for the hotel administration  report to be made public (which should be about now) to see who are the secured creditors. As I understand it, and again I may be wrong, the report that we're all looking at is for the football club and not necessarily for the hotel as well.

Thanks for that.

The Doctor is/was the club doctor apparently although I don't know that for definite.

No doubt you won't be happy with Nixon's latest tweet that I will post below!

154OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Jul 10 2019, 13:23

Sluffy

Sluffy
Admin


Brilliant, 

Full House if that happens, Ken, Aldridge and Parky!!!

155OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Jul 10 2019, 13:30

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
It cant be Kenocchio, there would be a riot!

156OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Jul 10 2019, 15:14

Cajunboy

Cajunboy
Andy Walker
Andy Walker
The Sun:

”BOLTON are going to bring in Keith Cousins as director of football under their new regime.

The former Peterborough vice chairman and Rushden and Diamonds owner is best known for being John Terry’s agent.

Cousins is to work for Football Ventures when they take the club out of administration.

He has already been active on deals to keep and bring in new faces for the troubled League One club.”

157OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Thu Jul 11 2019, 08:11

Hipster_Nebula

Hipster_Nebula
Nat Lofthouse
Nat Lofthouse
Good news. 

A big name like that will get the fans on side.

158OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Thu Jul 11 2019, 10:54

wessy

wessy
Andy Walker
Andy Walker
Advisor only, not a full time role.

159OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 12 2019, 10:18

boltonbonce

boltonbonce
Nat Lofthouse
Nat Lofthouse
OBassini is back. On talkSPORT shortly

160OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 12 2019, 11:26

boltonbonce

boltonbonce
Nat Lofthouse
Nat Lofthouse


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

161OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 12 2019, 11:46

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
Surely Sullivan can't be involved with West Ham and Bolton? I'm sure there are rules about this especially in the same country?

Why do Talk Sport keep giving this fantasist air time? I don't believe a word that comes out of Bassini's mouth. He needs to move on and try and con some other club into letting him and his grubby mate buy them, it's not as if there isn't a lot of other clubs struggling is there?

162OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 12 2019, 11:51

boltonbonce

boltonbonce
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:Surely Sullivan can't be involved with West Ham and Bolton? I'm sure there are rules about this especially in the same country?

Why do Talk Sport keep giving this fantasist air time? I don't believe a word that comes out of Bassini's mouth. He needs to move on and try and con some other club into letting him and his grubby mate buy them, it's not as if there isn't a lot of other clubs struggling is there?
Simon Jordan was surprised, and said Sullivan wouldn't be in this for the benefit of BW, but would be looking at a property deal based around the stadium and the hotel.
Is there anyone out there, apart from our long suffering supporters, who actually give a shit about the club?
It's depressing.

163OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 12 2019, 12:13

Sluffy

Sluffy
Admin

164OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 12 2019, 12:28

boltonbonce

boltonbonce
Nat Lofthouse
Nat Lofthouse
Good God.

165OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 12 2019, 12:30

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
He's a nutcase by the sounds  Shocked

166OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 12 2019, 12:37

karlypants

karlypants
Nat Lofthouse
Nat Lofthouse
This arsehole needs to grow up and start acting his age.

167OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 12 2019, 12:43

boltonbonce

boltonbonce
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:This arsehole needs to grow up and start acting his age.
You sound like my mother. Shocked

168OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 12 2019, 12:59

MartinBWFC

MartinBWFC
Frank Worthington
Frank Worthington
Bassini is the turd that just won't flush, imagine for one second he did get the go ahead to purchase the club, his safety would be compromised at every turn, why the fuck would he want to put himself in that position? fair to say he's just a fucking fruit loop.

169OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 12 2019, 13:22

Natasha Whittam

Natasha Whittam
Nat Lofthouse
Nat Lofthouse
Why is the man getting so much abuse for simply wanting to own a club that is clearly in his blood?

170OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 12 2019, 13:23

Sluffy

Sluffy
Admin
Statement on behalf of David Rubin & Partners, Administrators for Bolton Wanderers

We note with dismay the interview given by Laurence Bassini to TalkSPORT this morning.

The simple fact is, for several reasons, Mr Bassini was not the successful bidder under the process we have carried out to sell Bolton Wanderers.

His bid was not the best for the club. Moreover, he was not able to satisfy either the proof or source of funding to the satisfaction of the process or within the proscribed timeframe. That remains the case.

Subsequently, Mr Bassini has sent a vast number of erratic and threatening emails and text messages, as well as making threatening calls, to the point where we have instructed lawyers to deal with them.

We will be making no further comment about Mr Bassini or his claims.

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

171OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 12 2019, 13:25

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
Somethings in his blood all right, i suspect Clozapine or a similar anti-psychotic drug.

172OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 12 2019, 13:31

Natasha Whittam

Natasha Whittam
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:Somethings in his blood all right, i suspect Clozapine or a similar anti-psychotic drug.

I want someone to buy the club who shares my passion, don't you?

173OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 12 2019, 13:56

RangersDave

RangersDave
David Ngog
David Ngog
Hi everyone,

Reading all this with further dismay and sadness, especially as pre-season is about to / is starting for clubs.
It cannot be easy for those that really matter.... i.e. you guys and girls to get your head sround what's happening. and lord knows i'm confused.

Anyone remember the introduction to the US show 'soap'? It reminds me of not only the FFP shithole and connindrum that my team is facing, but in a large way to your problems.

Not being totally up to speed, is the hotel being wrested from the deal for the stadium? who owns all the land around the stadium? and has anyone gone through the much vaunted 'fit and proper persons test' yet?

God knows whats going to happen in the next week or 2, and to be honest, i'm stunned it's dragging on. However, trust me when i say this, there are other teams fans looking on with interest and nervousness, as for the grace of god it could easily be them, if not now, but in a season or 2's time. 
There are other teams that have sold their stadium in an attempt to make themselves look profitable in the hope of getting to the prem. They will be in deep doodoo if the league actually stop turning a blind eye to all the shit going on and set about cleansing everyone.

Fingers crossed for you for a good and happy resolution. 
Best wishes
Dave

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

174OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 12 2019, 14:05

boltonbonce

boltonbonce
Nat Lofthouse
Nat Lofthouse
I remember SOAP well.

175OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 12 2019, 14:34

Sluffy

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

Reading all this with further dismay and sadness, especially as pre-season is about to / is starting for clubs.
It cannot be easy for those that really matter.... i.e. you guys and girls to get your head sround what's happening. and lord knows i'm confused.

Anyone remember the introduction to the US show 'soap'? It reminds me of not only the FFP shithole and connindrum that my team is facing, but in a large way to your problems.

Not being totally up to speed, is the hotel being wrested from the deal for the stadium? who owns all the land around the stadium? and has anyone gone through the much vaunted 'fit and proper persons test' yet?

God knows whats going to happen in the next week or 2, and to be honest, i'm stunned it's dragging on. However, trust me when i say this, there are other teams fans looking on with interest and nervousness, as for the grace of god it could easily be them, if not now, but in a season or 2's time. 
There are other teams that have sold their stadium in an attempt to make themselves look profitable in the hope of getting to the prem. They will be in deep doodoo if the league actually stop turning a blind eye to all the shit going on and set about cleansing everyone.

Fingers crossed for you for a good and happy resolution. 
Best wishes
Dave

Hi Dave, thanks for your concern.

I think we are on track to see the end of the tunnel soon.

It's very complicated to explain things in just a sentence or two but the hotel has been hived off from everything else in respect of the sale and it seems some consortium called Joint Ventures (Football) is about to buy the club and probably end up buying the hotel too.

It's been explained to me that the only sense in them buying the club (which is on an out of town retail site) is to develop the car parks, which are all at ground level, by building a multi storey on one of them and freeing the rest to build on.

One of the JV Consortium is a bloke called Michael James, who is a big Wanderers fan and currently is a secured creditor for £5.5m through his company Prescot Business Park Ltd.

His security is totally on the hotel though.

Our former owner put in £5m which he also secured on assets but it now seems the total assets don't cover all that has been secured against them and he is looking very likely to lose much if not all of that £5m.

Whether some plan was hatched between him and Bassini to somehow delay/stop the loss happening, or whether Sullivan/Bassini heard about JV's intent and tried to hi-jack the deal I don't know - but it's the only rational explanation I can come up with.

As I say I think we are slowly coming to the end of the saga and if so can only hope JV have good intentions for us.

Best of luck to the R's for this coming season.

176OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 12 2019, 15:11

RangersDave

RangersDave
David Ngog
David Ngog
Hi Sluffy,

Thanks for clearing that up for me, much appreciated.
Fingers crossed you get to see the colour of their money and it doesn't go all 'murky' again.

Best wishes guys and girls
Dave

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

177OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 12 2019, 15:31

MartinBWFC

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

Our former owner put in £5m which he also secured on assets but it now seems the total assets don't cover all that has been secured against them and he is looking very likely to lose much if not all of that £5m.
Wouldn't that be sweet karma should that happen, really hoping the t**t get's very little out of all this, and yes I do agree that Bassini and frog features are in cahoots.

178OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 12 2019, 17:27

Growler


Tony Kelly
Tony Kelly
Ken didn't put £5 million of his own cash into the club, I doubt he has ever been rich enough to have £5 million in cash.If he did there is no chance he'd risk losing it to Bolton Wanderers!

This £5 million cash referred to was given to him by Eddie Davies, not as a present but to be put into the club

179OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 12 2019, 20:03

boltonbonce

boltonbonce
Nat Lofthouse
Nat Lofthouse
Let's have a look at some of these threatening emails then.

180OFFICIAL CLUB SOLD TO FV!!!!! - Page 6 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Fri Jul 12 2019, 20:35

MartinBWFC

MartinBWFC
Frank Worthington
Frank Worthington
[You must be registered and logged in to see this link.] wrote:Let's have a look at some of these threatening emails then.
Dear adminers, it has came to my atention that you have not considered my betterest bid  you wankers, I'll get my mafia mates to come and do you all in unless you re consider my bid.

Dear admins, you keep ignoring my emails you poncey gets, David Sullivan knows some really bad arses people you know, and if I ask him to he will send some over and have you over, acept my bid you mother fuckers.

Adminers, last chance I have £30m and you'd better take it, them FV people know fuck all about football, and I am clever so take it or leave it, you know I only have Bolton Wanders at heart so give it up.

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