BoltonTillIDie wrote:
Christ you could have picked a better song.
I have this playing in my mind and no doubt it will carry on when i'm in bed trying to get to sleep!
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BoltonTillIDie wrote:
The EFL's plans for salary caps in Leagues One and Two have been withdrawn following a decision by an independent arbitration panel.
— BBC Sport (@BBCSport) [You must be registered and logged in to see this link.]
More to follow: [You must be registered and logged in to see this link.]
We are delighted to confirm the appointment of Scott Lindsay as the club's Chief Financial Officer. [You must be registered and logged in to see this link.]
— Bolton Wanderers (@OfficialBWFC) [You must be registered and logged in to see this link.]
We are delighted to confirm the appointment of Chris Markham as the club's Technical Performance Director. [You must be registered and logged in to see this link.]
— Bolton Wanderers (@OfficialBWFC) [You must be registered and logged in to see this link.]
"A great addition to the board" - Wanderers comment on the new face in the boardroom. Exciting times?[You must be registered and logged in to see this link.]
— Marc Iles (@MarcIles) [You must be registered and logged in to see this link.]
What does this actually mean, Sluffy? Whatever it means they ain't exactly confiding in the esteemed Marc Iles or the Supporters Trust, are they?Sluffy wrote:"A great addition to the board" - Wanderers comment on the new face in the boardroom. Exciting times?[You must be registered and logged in to see this link.]
— Marc Iles (@MarcIles) [You must be registered and logged in to see this link.]
WANDERERS have confirmed the appointment of Nick Luckock to the board of directors at the University of Bolton Stadium.
The 48-year-old Australian was heavily involved in Football Ventures’ takeover in September 2019, with both he and chairman Sharon Brittan providing the scope for up to £20million in future loans to the club.
The deals, secured against club assets, are due for repayment or to be rearranged by 2022 – but it will not become clear until the yearly accounts are published exactly how much has actually been borrowed.
Luckock, a partner at London-based private equity firm HgCapital since September 2016, is now listed as a director of both FVWL Football Limited and FVWL Hotel Limited at Companies House, which is likely to give him a greater say on the direction of the club.
A statement issued to The Bolton News from Wanderers confirmed: “Nick has been involved since the formation of Football Ventures and has recently increased his involvement to include sitting on the board.
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Ten Bobsworth wrote:What does this actually mean, Sluffy? Whatever it means they ain't exactly confiding in the esteemed Marc Iles or the Supporters Trust, are they?
Can't blame them for that tbh but they aren't telling the supporters of the one club, one town, one community either. As ever there are cards being played close to the chest with the ill-informed speculation that inevitably follows.
P.S. Do you seriously think that Messrs Luckock, Brittan etc are going to lend BWFC £20million? If so could you explain why?
I cannot see that there was any such 'promise' at all, Sluffy. All it amounted to imo was a legal arrangement by which, if any of them did lend any money to the club, they could look to the assets ED paid for as security for repayment of any loans (up to a maximum of £20million).Sluffy wrote:
I've no idea what it all means Bob, as I've said many times before, I've no idea why anyone would want to put their own money into a football club!
As far as I'm aware the £20m each Luckock and Brittain have 'promised' is just that - a promise and not a reality.
I don't think many high street banks these days want to provide a line of credit to footy clubs so they have to be 'backed' somehow and the combined £40m gives the club it's credit worthiness in order to trade - and not, as you well know, that they have actually put any of their hard earned, into the club to spend!
I guess their must be a reason why Luckock has become a Director now, rather than from the outset - maybe to better protect his financial position perhaps?
As far as I know Sharon still own's the majority of the shares, so maybe Mr Luckock wants more involvement with the policy decisions of the business - I'm just guessing though - maybe he wants to know why we seem to have started doing business with a car share app business that no one had ever heard of before and a company allegedly using sweatshop labour to make their millions!
Maybe the recent 'love in' with the ST and hugs with Dale Vince have began to worry him and 'rentaride' or whatever it is called has now set the alarm bells ringing with him?
Ten Bobsworth wrote:I cannot see that there was any such 'promise' at all, Sluffy. All it amounted to imo was a legal arrangement by which, if any of them did lend any money to the club, they could look to the assets ED paid for as security for repayment of any loans (up to a maximum of £20million).Sluffy wrote:
I've no idea what it all means Bob, as I've said many times before, I've no idea why anyone would want to put their own money into a football club!
As far as I'm aware the £20m each Luckock and Brittain have 'promised' is just that - a promise and not a reality.
I don't think many high street banks these days want to provide a line of credit to footy clubs so they have to be 'backed' somehow and the combined £40m gives the club it's credit worthiness in order to trade - and not, as you well know, that they have actually put any of their hard earned, into the club to spend!
I guess their must be a reason why Luckock has become a Director now, rather than from the outset - maybe to better protect his financial position perhaps?
As far as I know Sharon still own's the majority of the shares, so maybe Mr Luckock wants more involvement with the policy decisions of the business - I'm just guessing though - maybe he wants to know why we seem to have started doing business with a car share app business that no one had ever heard of before and a company allegedly using sweatshop labour to make their millions!
Maybe the recent 'love in' with the ST and hugs with Dale Vince have began to worry him and 'rentaride' or whatever it is called has now set the alarm bells ringing with him?
Some btw might recall Sharon's former CEO, Emma Beaugeard, being distinctly tetchy when asked 'who paid for the Reebok Stadium?'
Whether lenders would get their money back is another matter. Sue Davies never saw much of the £200million Eddie spent on BWFC despite the securities and legal charges in place. The unsecured creditors haven't fared too well either under the FV takeover.
FV seem in no hurry to publish accounts that might cast a bit more light into the corners and they will be historic when they do.
Chairman Sharon Brittan met up with [You must be registered and logged in to see this link.] earlier today.
— Bolton Wanderers (@OfficialBWFC) [You must be registered and logged in to see this link.]
Mark is a close friend of Sharon’s and has been very supportive since her arrival at the club.
He was delighted to see Wanderers get promoted at the weekend and wishes the club well for next season. [You must be registered and logged in to see this link.]
Sluffy wrote:A bit random from the clubs Twitter account, so I thought I'd post it here as a good as place as any!Chairman Sharon Brittan met up with [You must be registered and logged in to see this link.] earlier today.
— Bolton Wanderers (@OfficialBWFC) [You must be registered and logged in to see this link.]
Mark is a close friend of Sharon’s and has been very supportive since her arrival at the club.
He was delighted to see Wanderers get promoted at the weekend and wishes the club well for next season. [You must be registered and logged in to see this link.]
No he's contracted to West Ham for another yearBoggersbelief wrote:
Yeah I really didn’t get that. Isn’t he leaving West Ham this summer though...? I’d take him
Boggersbelief wrote:
Yeah I really didn’t get that. Isn’t he leaving West Ham this summer though...? I’d take him
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