Bolton Wanderers Fans Forum

You are not connected. Please login or register

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.

Go to page : Previous  1, 2, 3  Next

View previous topic View next topic Go down  Message [Page 2 of 3]

Sluffy

avatar
Admin
Kane57 wrote:
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.

Come on lads, lets not fall out on the day we've finally had a bit of good news.

I've crossed swords with Mr Manning numerous times but at the end of the day I consider him a good guy who from time to time posts stuff that gets up peoples noses (sometimes deliberately so!).

I don't let the occasional bollocks he writes upset me - and no doubt he thinks the same about some of the stuff I write too.

Let's draw a line under it now that Holdsworth and his supporters have lost the battle to keep the shares away from Mr Anderson and are now out of the picture.

At least from now on life at the club we follow should be a little bit less financially complicated!

Very Happy

Kane57

avatar
Nicolas Anelka
Nicolas Anelka
Kind words Sluffy but not required - fully understand that once things are written on the internet they become accepted fact, regardless of the reality.

I've definitely got my reservations about Ken but ultimately if he does what's best for himself (which I think he is doing) then that by natural association has to mean some sort of good deal for Wanderers, which i am fine with.

Sluffy

avatar
Admin
Bolton Wanderers could come out of transfer embargo after Ken Anderson becomes sole owner 

WANDERERS could make a late dash to come out of a transfer embargo after Ken Anderson completed a deal to become sole owner today.
The club chairman announced his company, Inner Circle Investments, had sealed an agreement with liquidators Quantuma to purchase the 37.5 per cent of shares formerly owned by Dean Holdsworth’s Sports Shield BWFC, taking their overall stake to 95 per cent.
Mr Anderson has also agreed a new arrangement with BluMarble finance, which leaves the path clear for him to present a business plan to the Football League and request the removal of transfer restrictions, which have been in place since December 2015.

It is expected paperwork will be completed on the new arrangement in between 24 to 48 hours.
Wanderers have been unable to pay a fee for a permanent or loan signing during the entirety of Phil Parkinson’s tenure as manager.
“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,” said Mr Anderson in a club statement.
“I would very much like to thank BluMarble for all of their co-operation 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.”
Shabbir Khiliji, the Bolton-based businessman, had mounted a rival bid for control of the club and had still been hoping to seal a deal up until yesterday afternoon.

It is understood the EFL had indicated to Andrew Hosking, who was acting on behalf of Quantuma, that serious penalties could be imposed on the club if an agreement was not reached within a specific time frame.
The possibility of a 12 or even 14-point deduction had been mooted, which would have almost certainly condemned the club to relegation and made it more difficult to sell in the long run.
That prompted all parties into action yesterday afternoon, with an announcement made just a few hours after Holdsworth’s resignation had been confirmed from all positions at the Macron Stadium.
Wanderers have been restricted to a 23-man professional staff for the last two seasons under the terms of the transfer embargo and were able to pay a maximum weekly wage of just £4,500 to new signings within that limit.
It remains to be seen whether the embargo can be shifted on deadline day itself but the club may be able to seek dispensation from the EFL to add new recruits on the proviso it is in the pipeline.

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

y2johnny

avatar
Andy Walker
Andy Walker
Sluffy wrote:
Kane57 wrote:
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.

Come on lads, lets not fall out on the day we've finally had a bit of good news.

I've crossed swords with Mr Manning numerous times but at the end of the day I consider him a good guy who from time to time posts stuff that gets up peoples noses (sometimes deliberately so!).

I don't let the occasional bollocks he writes upset me - and no doubt he thinks the same about some of the stuff I write too.

Let's draw a line under it now that Holdsworth and his supporters have lost the battle to keep the shares away from Mr Anderson and are now out of the picture.

At least from now on life at the club we follow should be a little bit less financially complicated!

Very Happy
:sick:

http://Www.thefacefittester.co.uk

Sluffy

avatar
Admin
y2johnny wrote:
Sluffy wrote:
Come on lads, lets not fall out on the day we've finally had a bit of good news.

I've crossed swords with Mr Manning numerous times but at the end of the day I consider him a good guy who from time to time posts stuff that gets up peoples noses (sometimes deliberately so!).

I don't let the occasional bollocks he writes upset me - and no doubt he thinks the same about some of the stuff I write too.

Let's draw a line under it now that Holdsworth and his supporters have lost the battle to keep the shares away from Mr Anderson and are now out of the picture.

At least from now on life at the club we follow should be a little bit less financially complicated!

Very Happy

:sick:

Blessed are the peacemakers - or so they say!

Very Happy

Natasha Whittam

avatar
Nat Lofthouse
Nat Lofthouse
Kane called me a bad name in 2008 and I'm still waiting for an apology.

Kane57

avatar
Nicolas Anelka
Nicolas Anelka
Can't have been me, was probably 10 bob when his benefits didn't come in on time

Bollotom2014

avatar
Tony Kelly
Tony Kelly
I would hope that the EFL will now stop the arseing around and that Ken puts THEM under scrutiny that they apply the same standards to all clubs. At least the finger wagging should die down now.

Kane57

avatar
Nicolas Anelka
Nicolas Anelka
His best mate heads up the EFL, Ken won't do shit

Sluffy

avatar
Admin
I've been assuming that most people understands the joke of Ten Bob's user name but maybe the youngsters on here simply haven't a clue about it.

Back in the days before decimalisation of our money (1971) we used to have a system known as Pounds, Shillings and Pence.

There were 12 penny's to make a shilling and 20 shillings to make a pound.

For some reason I don't know about a shilling was nicknamed a 'bob'.

Half a pound then was 10 shillings or in slang 10 bob.

So...

Ten Bobsworth is exactly the same as 50p's worth is in todays language - which is the amount both Holdsworth and Anderson bought their shares in the club for!

Quite clever really - but I guess you probably have to be over the age of 50 to get the joke.



Kane57

avatar
Nicolas Anelka
Nicolas Anelka
Think you're giving him too much credit

Natasha Whittam

avatar
Nat Lofthouse
Nat Lofthouse
Sluffy wrote:I've been assuming that most people understands the joke of Ten Bob's user name but maybe the youngsters on here simply haven't a clue about it.

Back in the days before decimalisation of our money (1971) we used to have a system known as Pounds, Shillings and Pence.

There were 12 penny's to make a shilling and 20 shillings to make a pound.

For some reason I don't know about a shilling was nicknamed a 'bob'.

Half a pound then was 10 shillings or in slang 10 bob.

So...

Ten Bobsworth is exactly the same as 50p's worth is in todays language - which is the amount both Holdsworth and Anderson bought their shares in the club for!

Quite clever really - but I guess you probably have to be over the age of 50 to get the joke.




You need to get out more.

Get Mrs Sluffy to walk you round the park for an hour tomorrow.

y2johnny

avatar
Andy Walker
Andy Walker
Natasha Whittam wrote:
Sluffy wrote:I've been assuming that most people understands the joke of Ten Bob's user name but maybe the youngsters on here simply haven't a clue about it.

Back in the days before decimalisation of our money (1971) we used to have a system known as Pounds, Shillings and Pence.

There were 12 penny's to make a shilling and 20 shillings to make a pound.

For some reason I don't know about a shilling was nicknamed a 'bob'.

Half a pound then was 10 shillings or in slang 10 bob.

So...

Ten Bobsworth is exactly the same as 50p's worth is in todays language - which is the amount both Holdsworth and Anderson bought their shares in the club for!

Quite clever really - but I guess you probably have to be over the age of 50 to get the joke.




You need to get out more.

Get Mrs Sluffy to walk you round the park for an hour tomorrow.
You hear that Kane?  Take sluffy for a walk round the park tomorrow for an hour

http://Www.thefacefittester.co.uk

Sluffy

avatar
Admin
Natasha Whittam wrote:
You need to get out more.

Get Mrs Sluffy to walk you round the park for an hour tomorrow.

I'm not a dog you know!

Very Happy

But if I were, what sort do you think I'd be?

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

gloswhite

avatar
Youri Djorkaeff
Youri Djorkaeff
Sluffy, I don't want to be critical, but you do seem to be overdoing it when ingratiating yourself with Kane, or Mr Manning, as you prefer to call him. Is he some one that's famous, because if he is, I,m afraid I've missed it. 
Very Happy

Kane57

avatar
Nicolas Anelka
Nicolas Anelka
gloswhite wrote:Sluffy, I don't want to be critical, but you do seem to be overdoing it when ingratiating yourself with Kane, or Mr Manning, as you prefer to call him. Is he some one that's famous, because if he is, I,m afraid I've missed it. 
Very Happy

Not In the slightest

Kane57

avatar
Nicolas Anelka
Nicolas Anelka
y2johnny wrote:
Natasha Whittam wrote:
Sluffy wrote:I've been assuming that most people understands the joke of Ten Bob's user name but maybe the youngsters on here simply haven't a clue about it.

Back in the days before decimalisation of our money (1971) we used to have a system known as Pounds, Shillings and Pence.

There were 12 penny's to make a shilling and 20 shillings to make a pound.

For some reason I don't know about a shilling was nicknamed a 'bob'.

Half a pound then was 10 shillings or in slang 10 bob.

So...

Ten Bobsworth is exactly the same as 50p's worth is in todays language - which is the amount both Holdsworth and Anderson bought their shares in the club for!

Quite clever really - but I guess you probably have to be over the age of 50 to get the joke.




You need to get out more.

Get Mrs Sluffy to walk you round the park for an hour tomorrow.
You hear that Kane?  Take sluffy for a walk round the park tomorrow for an hour


We have a cocker spaniel and he's an absolute dickhead

y2johnny

avatar
Andy Walker
Andy Walker
Kane57 wrote:
y2johnny wrote:
Natasha Whittam wrote:
Sluffy wrote:I've been assuming that most people understands the joke of Ten Bob's user name but maybe the youngsters on here simply haven't a clue about it.

Back in the days before decimalisation of our money (1971) we used to have a system known as Pounds, Shillings and Pence.

There were 12 penny's to make a shilling and 20 shillings to make a pound.

For some reason I don't know about a shilling was nicknamed a 'bob'.

Half a pound then was 10 shillings or in slang 10 bob.

So...

Ten Bobsworth is exactly the same as 50p's worth is in todays language - which is the amount both Holdsworth and Anderson bought their shares in the club for!

Quite clever really - but I guess you probably have to be over the age of 50 to get the joke.




You need to get out more.

Get Mrs Sluffy to walk you round the park for an hour tomorrow.
You hear that Kane?  Take sluffy for a walk round the park tomorrow for an hour


We have a cocker spaniel and he's an absolute dickhead
You can tell a lot about people and they way they are with dogs.

http://Www.thefacefittester.co.uk

gloswhite

avatar
Youri Djorkaeff
Youri Djorkaeff
I'm sure there's an opening for a disparaging comment there

y2johnny

avatar
Andy Walker
Andy Walker
gloswhite wrote:I'm sure there's an opening for a disparaging comment there
Well anyone who calls a dog a dick head.......

http://Www.thefacefittester.co.uk

Sluffy

avatar
Admin
gloswhite wrote:Sluffy, I don't want to be critical, but you do seem to be overdoing it when ingratiating yourself with Kane, or Mr Manning, as you prefer to call him. Is he some one that's famous, because if he is, I,m afraid I've missed it. 
Very Happy

No he's not famous as such but he is widely known amongst our little family of Bolton forum communities.

Chris Manning is the editor at the Lion of Vienna site and a well known BWFC linked social media 'character' who quite frankly many people (on the internet) get unnecessarily wound up by.

He posted for a number of years under the user name 'Batman' and received a number of bans in his time for his behaviour.

There's no doubt that he is a passionate Bolton fan and probably has the best connections within the club than most people who post on the various forums.

I just find him funny (in the nice way).

I know there are some people who just can't abide him but he's done nothing much than say things on the internet that people didn't agree with.

All I've done in all honesty is to try and smooth things between Ten Bobsworth and him and today Leeds and him.

If that's come across as overly ingratiating myself then I'm sorry that wasn't my intention - I was simply trying to get people to get along with each other and enjoy the craic rather than get upset and leave the site.

I do hope Ten Bob has a change of heart and returns soon too.

That's all.

Ten Bobsworth


Mario Jardel
Mario Jardel
I'll still keep watching, Sluffy, but sorry no change of heart. Anyway I'm delighted that Ken has seen Codswallop off and done a deal with BM and the liquidator. Also delighted that Suffolkwhite, Whitesmurf, Modern Day Tom Sawyer and Kane57's day has been spoiled.
Anyway I  was looking through some old papers today and found something you had posted on Burnden Aces years ago when the Sunday Times down-graded Uncle Eddie's estimated net worth by £33million. Did it occur to you that it had summat to do with the money he had spent on BWFC? Some reckoned, on the basis of the ST estimates, he could only keep funding the club for another couple of years. In fact he kept it going for another 7or 8.
But please do what you can to get me ge out of here. As Oscar Wilde put it, I can resist everything but temptation, and I'd rather not be tempted.

Kane57

avatar
Nicolas Anelka
Nicolas Anelka
I've had a great day cheers Gaz, sorry to burst your bubble

Sluffy

avatar
Admin
Ten Bobsworth wrote:I'll still keep watching, Sluffy, but sorry no change of heart. Anyway I'm delighted that Ken has seen Codswallop off and done a deal with BM and the liquidator. Also delighted that Suffolkwhite, Whitesmurf, Modern Day Tom Sawyer and Kane57's day has been spoiled.
Anyway I  was looking through some old papers today and found something you had posted on Burnden Aces years ago when the Sunday Times down-graded Uncle Eddie's estimated net worth by £33million. Did it occur to you that it had summat to do with the money he had spent on BWFC? Some reckoned, on the basis of the ST estimates, he could only keep funding the club for another couple of years. In fact he kept it going for another 7or 8.
But please do what you can to get me ge out of here. As Oscar Wilde put it, I can resist everything but temptation, and I'd rather not be tempted.

Obviously I've slept once or twice since my Burnden Aces days but I hope I would have thought it obvious that if Davies asset BWFC had been running at a loss (and everything else in his investment portfolio remained the same) then of course his wealth would have decreased accordingly.

To be honest I'd rather you did get tempted and return more to the site and inform and entertain us all.

In fact I had hoped you would have taken the opportunity to pop back and tease Kane57 a little bit with today's news of Anderson acquiring the shares!

Perhaps tomorrow you just might.

Very Happy

BoltonTillIDie

avatar
John McGinlay
John McGinlay
I'm under 50 and I knew what 10 bob was, thanks to my grandparents - did anyone not know?

wanderlust

avatar
Nat Lofthouse
Nat Lofthouse
I think that it's a good point that there is no evidence of any new money coming into the club - which there would have to have been if Quantuma had found a buyer other than Ken - so it would seem that we are in pretty much the same boat as we were last week financially but with a restructured debt. 
If the EFL interpret that restructuring in such a way that they are willing to lift or partially lift the embargo then it's a good thing for this season's prospects. 
That said, I'd be surprised if they lifted the wage cap and transfer fee elements if the finances haven't improved i.e. we could have as many players as we want as long as we don't spend any more money on them scenario. That could be avoided if KA submits an acceptable business plan that borrows against future earnings or more of the club's assets (if there are any left that aren't mortgaged up to the hilt)

There's been a lot of debate about KAs motives but I don't see the point of folk "taking sides" when the fact of the matter is that we really don't know and probably won't for some time to come.
It could be that KA is acting with the club's interest at heart, but equally it is no coincidence that since arriving he has taken control of assets far more valuable than his personal investment which will allow him to leverage more debt to play with. 
Whether or not he has "engineered" this situation is neither here nor there but I'll be sitting firmly on the fence as regards KA for the time being. 
We'll only know what the man is really about when he exits the club when we'll finally see whether he has built something from the assets he inherited or merely stripped the carcass for personal gain.
We all really hope it's the former but he has yet to prove it.

If anyone can get hold of details of how KA has financed the purchase of these shares it would shed a lot of light on the situation and potentially his motives but I'd be gobsmacked if it was with his own money.

Kane57

avatar
Nicolas Anelka
Nicolas Anelka
I haven't seen the evidence myself but am told Ken hasn't taken on any additional personal risk but that instead it's all been put on the club. He could walk away relatively unscathed. Time will tell I suppose.

Norpig

avatar
John McGinlay
John McGinlay
Again excuse my lack of financial nous, but as he owns 95% of the club how can he put it on the club? Surely it must be his money?

MartinBWFC

avatar
El Hadji Diouf
El Hadji Diouf
Norpig wrote:Again excuse my lack of financial nous, but as he owns 95% of the club how can he put it on the club? Surely it must be his money?
I'm guessing it's against the clubs assets in essence he has no risks.

Sluffy

avatar
Admin
Kane57 wrote:I haven't seen the evidence myself but am told Ken hasn't taken on any additional personal risk but that instead it's all been put on the club. He could walk away relatively unscathed. Time will tell I suppose.

I'm no financial expert but I do know businesses can buy back their own shares.

This doesn't mean they go to the existing shareholders but means they own the same number of shares as before but the shareholding total is less.

So for example if there were 200 shares in a business and you held 50 of them, you owned quarter of the business (50 shares out of 200) - but if the business bought back the other shares you still only have 50 shares but now own 100% of the business - ie you own 50 shares out of 50 (200-150 = 50).

Basically the other investors taking out their equity in the business.

Thus you've gone from owning 25% to 100% ownership without having to buy any shares at all.

I'm guessing in very simple terms that its been agreed that the BM loan secured on the clubs assets via SSBWFC has been replaced instead with the loan being secured on the clubs assets directly and in return Holdsworth shareholding as basically been 'wiped' off.


Please don't anyone take this as gospel though - just my best guess at things.

View previous topic View next topic Back to top  Message [Page 2 of 3]

Go to page : Previous  1, 2, 3  Next

Permissions in this forum:
You cannot reply to topics in this forum