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Newest Winding up Order

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31 Re: Newest Winding up Order on Wed Feb 07 2018, 11:13

Kane57

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Tony Kelly
Tony Kelly
Wonder if he caved in with HMRC and this personal bond they wanted. That might've been easier now he's got some in the bank to play with

32 Re: Newest Winding up Order on Wed Feb 07 2018, 11:25

Leeds_Trotter

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Andy Walker
Andy Walker
Great news. Just the BM and ED debt to clear now then we can move on.

33 Re: Newest Winding up Order on Wed Feb 07 2018, 11:33

Sluffy

avatar
Admin
Leeds_Trotter wrote:Great news. Just the BM and ED debt to clear now then we can move on.

I don't think Davies ever intends to call in his loan but there are amounts outstanding to Warburton and the ones we sold the car park to - but I think these are 'friendly' loans though - as in I think they would defer payment if Anderson hasn't got it on time.

BM is the one to attend to next.

Thanks Deano!




(plus paying HMRC on time from now on of course).

34 Re: Newest Winding up Order on Wed Feb 07 2018, 11:52

Leeds_Trotter

avatar
Andy Walker
Andy Walker
Sluffy wrote:
Leeds_Trotter wrote:Great news. Just the BM and ED debt to clear now then we can move on.

I don't think Davies ever intends to call in his loan but there are amounts outstanding to Warburton and the ones we sold the car park to - but I think these are 'friendly' loans though - as in I think they would defer payment if Anderson hasn't got it on time.

BM is the one to attend to next.

Thanks Deano!




(plus paying HMRC on time from now on of course).

Last I heard, part of the conditions of the sale was that Eddie will get x amount depending on the success of the club. Could be wrong though.

35 Re: Newest Winding up Order on Wed Feb 07 2018, 12:17

Sluffy

avatar
Admin
Leeds_Trotter wrote:
Sluffy wrote:
Leeds_Trotter wrote:Great news. Just the BM and ED debt to clear now then we can move on.

I don't think Davies ever intends to call in his loan but there are amounts outstanding to Warburton and the ones we sold the car park to - but I think these are 'friendly' loans though - as in I think they would defer payment if Anderson hasn't got it on time.

BM is the one to attend to next.

Thanks Deano!




(plus paying HMRC on time from now on of course).

Last I heard, part of the conditions of the sale was that Eddie will get x amount depending on the success of the club. Could be wrong though.

No, you are not wrong but I believe the targets set for success of the club was a return to the Premier League with 5 years (iirc).

I doubt we will be doing that but you never know!

Very Happy

36 Re: Newest Winding up Order on Wed Feb 07 2018, 12:58

observer


Andy Walker
Andy Walker
Sluffy wrote:
Leeds_Trotter wrote:
Sluffy wrote:
Leeds_Trotter wrote:Great news. Just the BM and ED debt to clear now then we can move on.

I don't think Davies ever intends to call in his loan but there are amounts outstanding to Warburton and the ones we sold the car park to - but I think these are 'friendly' loans though - as in I think they would defer payment if Anderson hasn't got it on time.

BM is the one to attend to next.

Thanks Deano!




(plus paying HMRC on time from now on of course).

Last I heard, part of the conditions of the sale was that Eddie will get x amount depending on the success of the club. Could be wrong though.

No, you are not wrong but I believe the targets set for success of the club was a return to the Premier League with 5 years (iirc).

I doubt we will be doing that but you never know!

Very Happy

I would take finishing 4th from bottom this season. After our unprecedented start, that would be a huge accomplishment (especially when the touts had us 1500:1 to be relegated)!  We are far from being safe... and I hope we can get some results against the top clubs we will be playing in the next two weeks.

37 Re: Newest Winding up Order on Wed Feb 07 2018, 13:32

Norpig

avatar
Nat Lofthouse
Nat Lofthouse
Well at least we know where some of the Madine money has gone now.

38 Re: Newest Winding up Order on Wed Feb 07 2018, 13:51

y2johnny


Nicolas Anelka
Nicolas Anelka
started listening to talksport, and apparently simon jordan is looking to get back into football and acquire a new club.............

39 Re: Newest Winding up Order on Wed Feb 07 2018, 13:52

Norpig

avatar
Nat Lofthouse
Nat Lofthouse
We are far too Northern for that spiv...

40 Re: Newest Winding up Order on Wed Feb 07 2018, 14:00

wanderlust

avatar
Nat Lofthouse
Nat Lofthouse
y2johnny wrote:started listening to talksport, and apparently simon jordan is looking to get back into football and acquire a new club.............
He was on the radio a few weeks ago and during the course of the interview mentioned that the idea of taking on a northern club "where the club is almost like a religion to the fans" was an interesting challenge, so this might not be as far-fetched as it at first seems.

41 Re: Newest Winding up Order on Wed Feb 07 2018, 14:07

Natasha Whittam

avatar
Nat Lofthouse
Nat Lofthouse
wanderlust wrote:He was on the radio a few weeks ago and during the course of the interview mentioned that the idea of taking on a northern club "where the club is almost like a religion to the fans" was an interesting challenge, so this might not be as far-fetched as it at first seems.

He didn't mean armchair religion.

42 Re: Newest Winding up Order on Wed Feb 07 2018, 14:56

wanderlust

avatar
Nat Lofthouse
Nat Lofthouse
The HMRC debt was over £2 million so that's a chunk gone.
Still no sign of breaking even if Ken's still selling assets to cover running costs, but we'll have to wait and see if and when recent accounts are published.

43 Re: Newest Winding up Order on Wed Feb 07 2018, 15:00

Sluffy

avatar
Admin
Norpig wrote:Well at least we know where some of the Madine money has gone now.

Maybe not!

Tweet from Iles -

I understand the HMRC debt was paid by Wanderers a few weeks ago (mid-January) just to temper some of the conspiracy theories. #bwfc


44 Re: Newest Winding up Order on Wed Feb 07 2018, 15:02

gloswhite

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Youri Djorkaeff
Youri Djorkaeff
I don't care where it came from, Its paid.

45 Re: Newest Winding up Order on Wed Feb 07 2018, 15:04

Leeds_Trotter

avatar
Andy Walker
Andy Walker
Sluffy wrote:
Norpig wrote:Well at least we know where some of the Madine money has gone now.

Maybe not!

Tweet from Iles -

I understand the HMRC debt was paid by Wanderers a few weeks ago (mid-January) just to temper some of the conspiracy theories. #bwfc


He's a good man is uncle Ken. Wink

46 Re: Newest Winding up Order on Wed Feb 07 2018, 18:11

Sluffy

avatar
Admin
COMMENT: Wanderers pay HMRC tax bill - let's get back to talking football

WANDERERS are officially straight with the taxman – and long may it continue.
Deputy registrar Tina Kyriakides dismissed the latest, and hopefully last, winding-up petition from HMRC at a Companies Court hearing in London this morning.
Detail on the size of the debt was scant, although we know part of the reason for the petition being delayed and adjourned for the last few months had been because Ken Anderson successfully haggled down a ‘bond’ which had been requested by the Inland Revenue as security against future payments.

We have also learned the bill was paid in full a few weeks ago, and was not linked with the recent sale of Gary Madine to Cardiff City.
Ever since the true scale of Wanderers’ financial problems first came to light at the end of 2015, under the previous regime, the club’s loyal fan-base has had to undergo a crash course in accountancy to get to grips with what was happening at their club.
But whether they like it or not, the ordeal has changed it forever.
Phil Parkinson spoke earlier this week about progression, investment in young players, building up the financial base once again. Yet even he admitted the Whites would have to generate cash through player sales, as they have done with Madine, to achieve stability.
Wanderers are no longer bankrolled in such a way that they can ignore big offers, as they had in the past. We will only know at the end of the season what effect the timing of Madine’s sale had on the club’s fortunes. At the very least, funds raised should guarantee there are no further financial problems to act as a distraction.

If Bolton are to progress in the way Parkinson hopes then the first step is to secure Championship survival against the odds; no mean feat, but entirely possible with the kind of gutsy performance we witnessed at the Macron against Bristol City on Friday night.
After that, Anderson has bigger financial challenges to face over the summer.
It would be a brave man to back against the Wanderers chairman and his advisors, who have thus far come up trumps. Some may question his methodology in cutting costs and overheads, yet few can doubt its effectiveness.

The club’s financial accounts – currently being prepared – should make interesting reading and may give an indication of how extensive Anderson’s rebuilding job has been and where Madine’s funds may be needed.
Questions about a potential sale will also be posed, especially if Championship football is guaranteed. But they can be put on hold for now.
Right now fans will settle for not seeing the name of this grand old football club on a court list again. Pack your accountancy textbooks away, it is finally time to concentrate on the football.

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

47 Re: Newest Winding up Order on Wed Feb 07 2018, 18:24

Leeds_Trotter

avatar
Andy Walker
Andy Walker
Sluffy wrote:COMMENT: Wanderers pay HMRC tax bill - let's get back to talking football

WANDERERS are officially straight with the taxman – and long may it continue.
Deputy registrar Tina Kyriakides dismissed the latest, and hopefully last, winding-up petition from HMRC at a Companies Court hearing in London this morning.
Detail on the size of the debt was scant, although we know part of the reason for the petition being delayed and adjourned for the last few months had been because Ken Anderson successfully haggled down a ‘bond’ which had been requested by the Inland Revenue as security against future payments.

We have also learned the bill was paid in full a few weeks ago, and was not linked with the recent sale of Gary Madine to Cardiff City.
Ever since the true scale of Wanderers’ financial problems first came to light at the end of 2015, under the previous regime, the club’s loyal fan-base has had to undergo a crash course in accountancy to get to grips with what was happening at their club.
But whether they like it or not, the ordeal has changed it forever.
Phil Parkinson spoke earlier this week about progression, investment in young players, building up the financial base once again. Yet even he admitted the Whites would have to generate cash through player sales, as they have done with Madine, to achieve stability.
Wanderers are no longer bankrolled in such a way that they can ignore big offers, as they had in the past. We will only know at the end of the season what effect the timing of Madine’s sale had on the club’s fortunes. At the very least, funds raised should guarantee there are no further financial problems to act as a distraction.

If Bolton are to progress in the way Parkinson hopes then the first step is to secure Championship survival against the odds; no mean feat, but entirely possible with the kind of gutsy performance we witnessed at the Macron against Bristol City on Friday night.
After that, Anderson has bigger financial challenges to face over the summer.
It would be a brave man to back against the Wanderers chairman and his advisors, who have thus far come up trumps. Some may question his methodology in cutting costs and overheads, yet few can doubt its effectiveness.

The club’s financial accounts – currently being prepared – should make interesting reading and may give an indication of how extensive Anderson’s rebuilding job has been and where Madine’s funds may be needed.
Questions about a potential sale will also be posed, especially if Championship football is guaranteed. But they can be put on hold for now.
Right now fans will settle for not seeing the name of this grand old football club on a court list again. Pack your accountancy textbooks away, it is finally time to concentrate on the football.

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

Just stick £6M on Bolton to survive uncle Ken, that would give us enough money to pay off the outstanding BM debts.

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