OFFICIAL CLUB SOLD TO FV!!!!!

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.

Natasha Whittam wrote:

luckyPeterpiper 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 

Hipster take note, your constant negativity is draining

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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.

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

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

Cheers Dave!

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

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.

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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terenceanne wrote: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.

The short version is -

Football Ventures (Whites) seems to be a 'holding' company to take ownership of the club in such a way that Sports Shield BWFC and Inner Circle Investments were set to take ownership of the club for Holdsworth and Anderson respectively.

FV was originally set up by Basran and Sharon Brittan.  Basran being someone who set up investment funds (people pay money into them and hope/expect to get a health interest rate return on their investment) and Brittan (the wife of the Pink Floyd drummer or something like that) being some sort of a property developer(?)/ investor in her own right.

Two later Directors were added - Michael James - the bloke with £5.5m already secured against the clubs hotel and Jeff Thomas who seems to be a serial Director in about 50 other companies.

Non of this made any real sense to me - why would these random people want to buy our club - until a poster on Wways (Benny) explained the thinking to be that the land is where the money is by building more shopping units to make the Middlebrook four sided and the football clubs car park to be made into Multi storeys to enable the land to be built on and still to have adequate car parking.

This would be the thing that pulled in the investment with the club really being an afterthought but with enough money being spent on it to keep us solvent and in existence.

The obvious question is whether shopping centres are still viable with the move away to on-line shopping but I guess as long as they are popular enough for the investors to get the returns they are looking for over the course of their investment, then that would be all they needed to invest.

terenceanne wrote: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.

It's just a few local investors.

No real money involved.

In football terms these people are extremely poor.

Hipster_Nebula wrote:
It's just a few local investors.

No real money involved.

In football terms these people are extremely poor.

Yeah you'd know all about the ins and outs of their finances!

Hipster is still fuming that his beloved Coventry are having to ground share with Birmingham.

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Bolton. Hear Football Ventures have an experienced football figure in their takeover team. First jobs will include manager’s future.[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
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FFS Martin it really isn't difficult to copy and paste properly!

Bolton. Hear Football Ventures  have an experienced football figure in their takeover team. First jobs will include manager’s future.

— Alan Nixon (@reluctantnicko) [You must be registered and logged in to see this link.]

Sluffy wrote:

terenceanne wrote: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.

The short version is -

Football Ventures (Whites) seems to be a 'holding' company to take ownership of the club in such a way that Sports Shield BWFC and Inner Circle Investments were set to take ownership of the club for Holdsworth and Anderson respectively.

FV was originally set up by Basran and Sharon Brittan.  Basran being someone who set up investment funds (people pay money into them and hope/expect to get a health interest rate return on their investment) and Brittan (the wife of the Pink Floyd drummer or something like that) being some sort of a property developer(?)/ investor in her own right.

Two later Directors were added - Michael James - the bloke with £5.5m already secured against the clubs hotel and Jeff Thomas who seems to be a serial Director in about 50 other companies.

Non of this made any real sense to me - why would these random people want to buy our club - until a poster on Wways (Benny) explained the thinking to be that the land is where the money is by building more shopping units to make the Middlebrook four sided and the football clubs car park to be made into Multi storeys to enable the land to be built on and still to have adequate car parking.

This would be the thing that pulled in the investment with the club really being an afterthought but with enough money being spent on it to keep us solvent and in existence.

The obvious question is whether shopping centres are still viable with the move away to on-line shopping but I guess as long as they are popular enough for the investors to get the returns they are looking for over the course of their investment, then that would be all they needed to invest.

So it would seem that the purpose of the exercise is to just get us back to being stable and surviving. Making a profit from the land investments around the stadium if possible etc.  No talk of pumping millions into the playing side and a Prem return etc.
Of course nobody knows what their plan is yet so give them the benefit of the doubt. It doesn't seem that this is a big money operation on the face of it. We shall see within the next few days hopefully.

Sluffy wrote:FFS Martin it really isn't difficult to copy and paste properly!

Bolton. Hear Football Ventures  have an experienced football figure in their takeover team. First jobs will include manager’s future.

— Alan Nixon (@reluctantnicko) [You must be registered and logged in to see this link.]

Sluffy instead of having a go at Martin why not let him know how to do it. He may be on a phone or just not that computer savvy 

Norpig wrote:

Sluffy wrote:FFS Martin it really isn't difficult to copy and paste properly!

Bolton. Hear Football Ventures  have an experienced football figure in their takeover team. First jobs will include manager’s future.

— Alan Nixon (@reluctantnicko) [You must be registered and logged in to see this link.]

Sluffy instead of having a go at Martin why not let him know how to do it. He may be on a phone or just not that computer savvy 

I’m sure I mentioned it to him not so long back.

Easy copy and paste tutorial here.