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Bolton Nuts » BWFC » Bolton Wanderers Banter » BREAKING Ken Anderson acquires Sports Shield's stake in the club.

BREAKING Ken Anderson acquires Sports Shield's stake in the club.

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Leeds_Trotter

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Tony Kelly
Tony Kelly
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Sluffy

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Admin
Tweet from BBC Radio Manchester Sport just now


BREAKING: #BWFC chairman Ken Anderson acquires Sports Shield's stake in the club. More to follow...


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Leeds_Trotter

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Tony Kelly
Tony Kelly
Both on the ball Sluffy. Very Happy

Sluffy

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Admin
Iles tweet -

Ken Anderson acquires SSBWFC's stake in the club. He's now the sole owner (effectively). Massive, massive deal...

Norpig

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John McGinlay
John McGinlay
does this mean KA will now look to sell up?

Sluffy

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Admin
Leeds_Trotter wrote:Both on the ball Sluffy. Very Happy

Very Happy

Fair play to you though Leeds - you were the first to the news.

Well done mate!

Leeds_Trotter

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Tony Kelly
Tony Kelly
Sluffy wrote:
Leeds_Trotter wrote:Both on the ball Sluffy. Very Happy

Very Happy

Fair play to you though Leeds - you were the first to the news.

Well done mate!

It's my day off that's why. Laughing

Norpig

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John McGinlay
John McGinlay
i see the BN are all over it..... not

Sluffy

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Admin
Norpig wrote:does this mean KA will now look to sell up?

If the right offer comes in he will sell - and I don't doubt that has been his plan all along.

He still needs to deal with the BlueMarble loan secured on club assets next though.

Leeds_Trotter

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Tony Kelly
Tony Kelly
Norpig wrote:i see the BN are all over it..... not
They should be breaking the news before BBC RM TBH

Natasha Whittam

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Nat Lofthouse
Nat Lofthouse
Get a life you sad bastards.

On another matter, I expect a party for my 28,000th post.

BoltonTillIDie

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John McGinlay
John McGinlay
BWFC Chairman Ken Anderson is pleased to be able to announce that his wholly owned company Inner Circle Investments Limited has agreed a deal with Andrew Hosking of Quantuma Limited acting as the Liquidator of Sport Shield BWFC Limited to acquire their former shareholding in Burnden Leisure Limited.

This transaction will increase Inner Circle’s shareholding to 95% and bring an end to the uncertain position the club has endured over the past few months.

The Club is also pleased to confirm that a new arrangement has been agreed with Blumarble bringing to an end the uncertainty around this facility.

Ken Anderson said: “I am extremely pleased that this matter has been brought to a satisfactory conclusion and we can now all concentrate on taking the business forward without any further off-field distractions, which have been so publicly aired in the past.

“I would very much like to thank Blumarble for all of their cooperation in swiftly concluding the situation in respect of the outstanding loan. Throughout these negotiations their desire was to minimise any damage to the business and have remained very supportive of the football club.

“I’d like to thank all our loyal fans for their continued patience and support throughout this period when people who do not have the best interests in our football club have tried to destabilise the business for their own benefit.

“Now, with this issue fully resolved we can now all fully concentrate on supporting Phil Parkinson, his staff and the players without any distractions.”

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BoltonTillIDie

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John McGinlay
John McGinlay
Good to see and end to this saga - now hopefully get some new faces and get rid of the embargo

Kane57

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Nicolas Anelka
Nicolas Anelka
Wonder what the new lending terms are

Leeds_Trotter

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Tony Kelly
Tony Kelly
Lee's latest tweet: Evening ALL [You must be registered and logged in to see this image.][You must be registered and logged in to see this image.]Ecstatic! Roll on tomorrow [You must be registered and logged in to see this image.][You must be registered and logged in to see this image.][You must be registered and logged in to see this image.][You must be registered and logged in to see this image.][You must be registered and logged in to see this image.][You must be registered and logged in to see this image.][You must be registered and logged in to see this image.]


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Kane57

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Nicolas Anelka
Nicolas Anelka
Christ some of the replies to that....bet they wouldn't be so happy if they knew that the club was now in debt to BM and not SSBWFC

Leeds_Trotter

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Tony Kelly
Tony Kelly
Marc Iles latest tweet: Just to clarify - BluMarble deal might take 24-48hrs to sort completely. It 'may' mean bargaining chip for embargo/signings tomorrow. #bwfc

Norpig

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John McGinlay
John McGinlay
Just what i was thinking Kane. If he's bought the shares does that not clear all the debt to BluMarble? Excuse my financial ignorance  Very Happy

Leeds_Trotter

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Tony Kelly
Tony Kelly
Kane57 wrote:Christ some of the replies to that....bet they wouldn't be so happy if they knew that the club was now in debt to BM and not SSBWFC
The club has been in debt to BM since the last takeover. You don't have spout some shite.

Kane57

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Nicolas Anelka
Nicolas Anelka
Leeds_Trotter wrote:
Kane57 wrote:Christ some of the replies to that....bet they wouldn't be so happy if they knew that the club was now in debt to BM and not SSBWFC
The club has been in debt to BM since the last takeover. You don't have spout some shite.

SSBWFC, not the club

Kane57

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Nicolas Anelka
Nicolas Anelka
Norpig wrote:Just what i was thinking Kane. If he's bought the shares does that not clear all the debt to BluMarble? Excuse my financial ignorance  Very Happy


Not sure but it read to me like he's taken on the BM debt but no doubt on tighter terms

Sluffy

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Admin
Kane57 wrote:Wonder what the new lending terms are

Ones which I'm sure the liquidator/BM are confident we can manage to pay back I would suspect!

Joking aside we should already have been financially planning to pay back a loan to SSBWFC of £4 million plus interest next year I think, so I guess it will probably structured around that (with perhaps a negotiated reduction on interest rate charged).

It will be interesting to see what the agreement is over the 'missing' million - whether that is part of the clubs accepted responsibility or whether it falls within Holdsworth remit and presumably personal guarantees for the loan?

Norpig

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John McGinlay
John McGinlay
Then how much has he bought the shares for i wonder? Seems strange he's bought the shares but we still owe money to BM?

Leeds_Trotter

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Tony Kelly
Tony Kelly
Kane57 wrote:
Leeds_Trotter wrote:
Kane57 wrote:Christ some of the replies to that....bet they wouldn't be so happy if they knew that the club was now in debt to BM and not SSBWFC
The club has been in debt to BM since the last takeover. You don't have spout some shite.

SSBWFC, not the club
Who owned a stake in the club and used our Stadium as collateral. Don't know why you have such a problem with Ken & Co. At the end of the day we are in this mess because of one man, and that man is Eddie Davies. He stopped paying the wages as soon as he decided he wanted out. Him and Phil left us with the huge wage bill and debt. Ken is trying to get it all back under control best he can. Fuck knows what you expect him to do, nobody with deep pockets wants us so this is the best we've got.

Kane57

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Nicolas Anelka
Nicolas Anelka
& where has the money come from? I can't remember what the details were but wasn't there speculation he'd used club money to buy some more shares?

Kane57

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Nicolas Anelka
Nicolas Anelka
Leeds_Trotter wrote:
Kane57 wrote:
Leeds_Trotter wrote:
Kane57 wrote:Christ some of the replies to that....bet they wouldn't be so happy if they knew that the club was now in debt to BM and not SSBWFC
The club has been in debt to BM since the last takeover. You don't have spout some shite.

SSBWFC, not the club
Who owned a stake in the club and used our Stadium as collateral. Don't know why you have such a problem with Ken & Co. At the end of the day we are in this mess because of one man, and that man is Eddie Davies. He stopped paying the wages as soon as he decided he wanted out. Him and Phil left us with the huge wage bill and debt. Ken is trying to get it all back under control best he can. Fuck knows what you expect him to do, nobody with deep pockets wants us so this is the best we've got.

Not sure why you seem to think I'm upset at this deal

Sluffy

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Admin
Kane57 wrote:& where has the money come from? I can't remember what the details were but wasn't there speculation he'd used club money to buy some more shares?

It's not speculation - it was in the last accounts - BWFC paid for an additional share increase for Mr Anderson from Mr Holdsworth.

I guess it must have been legal or the auditors would have flagged it up as an illegal financial transaction.

Leeds_Trotter

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Tony Kelly
Tony Kelly
Kane57 wrote:
Leeds_Trotter wrote:
Kane57 wrote:
Leeds_Trotter wrote:
Kane57 wrote:Christ some of the replies to that....bet they wouldn't be so happy if they knew that the club was now in debt to BM and not SSBWFC
The club has been in debt to BM since the last takeover. You don't have spout some shite.

SSBWFC, not the club
Who owned a stake in the club and used our Stadium as collateral. Don't know why you have such a problem with Ken & Co. At the end of the day we are in this mess because of one man, and that man is Eddie Davies. He stopped paying the wages as soon as he decided he wanted out. Him and Phil left us with the huge wage bill and debt. Ken is trying to get it all back under control best he can. Fuck knows what you expect him to do, nobody with deep pockets wants us so this is the best we've got.

Not sure why you seem to think I'm upset at this deal
Every chance you get to take a dig at Ken or Lee you do so. That's why most the fans dislike you and the site you write for. All you ever do is pull the club, players or new owners to bits.

Kane57

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Nicolas Anelka
Nicolas Anelka
Sluffy wrote:
Kane57 wrote:& where has the money come from? I can't remember what the details were but wasn't there speculation he'd used club money to buy some more shares?

It's not speculation - it was in the last accounts - BWFC paid for an additional share increase for Mr Anderson from Mr Holdsworth.

I guess it must have been legal or the auditors would have flagged it up as an illegal financial transaction.


Yeah no doubt - goes well above my tiny mind how it can be legal but there you go. Fully believe this newest deal has probably just kicked the debt in another direction for a while. Ken spinning plates.

Kane57

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Nicolas Anelka
Nicolas Anelka
Leeds_Trotter wrote:
Kane57 wrote:
Leeds_Trotter wrote:
Kane57 wrote:
Leeds_Trotter wrote:
Kane57 wrote:Christ some of the replies to that....bet they wouldn't be so happy if they knew that the club was now in debt to BM and not SSBWFC
The club has been in debt to BM since the last takeover. You don't have spout some shite.

SSBWFC, not the club
Who owned a stake in the club and used our Stadium as collateral. Don't know why you have such a problem with Ken & Co. At the end of the day we are in this mess because of one man, and that man is Eddie Davies. He stopped paying the wages as soon as he decided he wanted out. Him and Phil left us with the huge wage bill and debt. Ken is trying to get it all back under control best he can. Fuck knows what you expect him to do, nobody with deep pockets wants us so this is the best we've got.

Not sure why you seem to think I'm upset at this deal
Every chance you get to take a dig at Ken or Lee you do so. That's why most the fans dislike you and the site you write for. All you ever do is pull the club, players or new owners to bits.

You didn't bother to reply to my previous plea so I'll ask again - show me where I've taken a dig. I've met them both numerous times and they've always been very courteous to me. Might be worth checking the evidence of your own eyes rather than blindly believing what people write online.

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