Growler wrote: Sluffy wrote: Growler wrote: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
Are you being serious?
Of course it's his money - even if he borrowed it!!!
Do you think Eddie had forgotten how to put money into the club - Christ he managed to put in millions previously?
There was clearly a reason Eddie didn't put it in directly himself and instead loaned it to Ken/ICI Ltd directly - that was because he wanted it back or he'd take control of his company.
Why do you think Anderson is challenging the Administrators decision to strike off his claim for around £5m as a secured creditor?
It's because he needs it to square himself with Ken's estate or else they get their hands on his company and see for themselves whatever little dodges and weaves that he might have been up to!
You're in complete denial mate if you really think it was just Eddies money and he didn't want it back.
You said yourself a few weeks/months ago that you think Ken is worth £9 million. ie if you add up the value of his home(s), restaurant, shares, cash and other assets it comes to £9 million
Not £90 million or £900 million but £ 9 million.
You seriously think a man worth £ 9 million would be prepared to lose £5 million of his own money to keep Bolton Wanderers afloat for a few extra months?
No you don't, you would be on a WUM to say otherwise
I've never put a value on Ken's worth, you must be mistaking me with someone else.
I've no idea of what he is worth.
I've no idea how much Eddie was worth either (the Times Rich List claimed the most he ever had was £93m) - but he wrote twice that amount and more at the club!
Whatever you may think Davies secured his debt on Ken's company ICI Ltd and if he defaults on it, Eddies executors can force it into liquidation and the court official will do an 'autopsy' for want of a better word, as to why it failed and what it had been up to before it did.
That is factual.
Whether they do or not it is up to them - unless Ken settles the debt.
Why go to all that bother if Eddie wasn't bothered about the £5m in the first place. He could simply loaned the club as an unsecured creditor and then write off the debt as he's done many times before.
The way it was done was for a specific reason and as it stands Eddie's Trustees could enforce the debt whenever they wished.
Eddie certainly wouldn't have gone to all that bother just for nothing would he?
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