New Burnden would be betterBoggersbelief wrote:I hope they’re rich enough to rename it the reebok
Or the Lion of Vienna stadium
New Burnden would be betterBoggersbelief wrote:I hope they’re rich enough to rename it the reebok
y2johnny wrote:New Burnden would be betterBoggersbelief wrote:I hope they’re rich enough to rename it the reebok
Or the Lion of Vienna stadium
rammywhite wrote:It's gone a bit quiet- I wonder if they're getting cold feet!
Boggersbelief wrote:rammywhite wrote:It's gone a bit quiet- I wonder if they're getting cold feet!
Due diligence
rammywhite wrote:Boggersbelief wrote:rammywhite wrote:It's gone a bit quiet- I wonder if they're getting cold feet!
Due diligence
I'm aware of that but there is no moratorium from either party whilst the EFL carries this out. I would have expected some sort of statement by now from at least one of the interested parties.
Boggersbelief wrote:rammywhite wrote:Boggersbelief wrote:rammywhite wrote:It's gone a bit quiet- I wonder if they're getting cold feet!
Due diligence
I'm aware of that but there is no moratorium from either party whilst the EFL carries this out. I would have expected some sort of statement by now from at least one of the interested parties.
Why release a statement until they pass the fit and proper tests?
Please, let me enjoy just a few days optimism, !! Please !!!karlypants wrote:It’s just another tyre kicker folks.
Nothing to see here!...
They did, only fools and horses.observer wrote:If only they had made a reality show of the KA years! I wouldn't miss an episode.
This is a very interesting bit of information, however I noticed that none of the Annexures that would kick in if a default occurred are signed, including Anderson's letter of resignation (Annex 2 part 1) nor do they appear to have been redacted.MartinBWFC wrote:My understanding ( and I stand to be corrected ) of the position is as follows
Moonshift Investments ( ie the Eddie Davies Family trustee ) would and do have total control of any administration process If an act of default was to occur
I have mentioned previously on here the legal charge that Moonshift has over Inner Circle Investments ( Ken Anderson's Company ) which can be viewed on this link
[You must be registered and logged in to see this link.]
Most of it looks to be standard stuff but attached (if you scroll to the last 4 or so pages ) to that document are undated but signed
Share transfer forms of all Kens shares in Burnden Leisure ( undated )
His directors resignation letter in respect of Burnden Leisure ( again undated )
So , If Eddie Family Trustee demands repayment from Ken of the loan due to Moonshift and he does not repay it on the due date they simply date and file his already signed resignation letter and appoint a director to replace him , and date and file his already signed share transfer form and put those shares into the a name of any person of their choosing. At that point Ken Anderson is history.
It is true Ken still has a charge over nothing in particular - and it may be worthless as there is probably nothing for him to pin that charge on when the other charge holders and all the creditors will be lining up for satisfaction of their debts
That begs the wider question as to why prospective investors are even still bothering to talk to Ken given the perilous financial position of the club.
If his personal financial demands for his own exit are greater than the costs of putting the club into administration surely potential investors will start separate talks with those parties who in reality hold control - Eddies trustee , Brett Warburton and Michael James ( Prescot Business Parks ) to engineer taking Ken out of the discussions altogether.
This is a post from WW and outlines the situation between KA and moonshift.
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