Great minds Boncey, just what I thought as I posted that.
I think they've had their dressing gowns on for most of the season too!
I think they've had their dressing gowns on for most of the season too!
Cajunboy wrote:Could somebody shed some light on Inner Circle's £26 million "inter company obligation" for the less informed of us please?
How did this debt come about and why is the club responsible for it?
Is this all loans made to Anderson by Moonshift?
And this is in addition to the £29 million debt of BL i.e. £55million to buy the club?
Cajunboy wrote:Could somebody shed some light on Inner Circle's £26 million "inter company obligation" for the less informed of us please?
How did this debt come about and why is the club responsible for it?
Thanks for that LUSTY. It's looking grim.wanderlust wrote:Cajunboy wrote:Could somebody shed some light on Inner Circle's £26 million "inter company obligation" for the less informed of us please?
How did this debt come about and why is the club responsible for it?
Burden Leisure received funds from the EFL and from transfers (rumoured to be around £13.3 million)
BL (aka Anderson) then "loaned" the £13.3 million money to Inner Circle (aka Anderson)
It is alleged that the £13.3 million then "magically disappeared" from Inner Circle which leaves Anderson in a position to liquidate Inner Circle and BWFC no chance of getting the £13.3 million they "loaned" him back.
Pretty much what Anderson was previously convicted for.
Disclaimers:
- We don't know if this is true yet.
- If true, we don't know what Anderson did with the money - yet
- I am not ready to reiterate my well documented suspicion that Anderson has asset-stripped our club - yet.
See post 637Cajunboy wrote:Thanks for that LUSTY. It's looking grim.wanderlust wrote:Cajunboy wrote:Could somebody shed some light on Inner Circle's £26 million "inter company obligation" for the less informed of us please?
How did this debt come about and why is the club responsible for it?
Burden Leisure received funds from the EFL and from transfers (rumoured to be around £13.3 million)
BL (aka Anderson) then "loaned" the £13.3 million money to Inner Circle (aka Anderson)
It is alleged that the £13.3 million then "magically disappeared" from Inner Circle which leaves Anderson in a position to liquidate Inner Circle and BWFC no chance of getting the £13.3 million they "loaned" him back.
Pretty much what Anderson was previously convicted for.
Disclaimers:
- We don't know if this is true yet.
- If true, we don't know what Anderson did with the money - yet
- I am not ready to reiterate my well documented suspicion that Anderson has asset-stripped our club - yet.
Natasha Whittam wrote:Again, are we Bolton Nuts or Wanderers Ways?
Do Wanderers Ways talk about Boggers ITK all day?
wanderlust wrote:BTW it's not £26 million.
It's alleged to be £13.3 million of income that prospective purchasers thought they were going to get as part of the deal, to offset part of the £29 million that Burden Leisure owes.
And above and beyond ongoing running costs, it's unlikely new "hidden debts" will emerge - as if that wasn't enough already.
wessy wrote:This is more important than one forum against another
Buellix wrote:Difficult to see the end game, keep hoping that someone with the club at heart stumps up the money to end this stress. But the same question keeps popping into my head, why would you throw money at a Football club unless you had an angle that allowed you to have more in your pocket when you walk away than you started with?
I see how KA thought he could do that, and at one point I thought it was heading for a mutually beneficial end but now we are seeing glimpses of what is behind the curtain and it ain't pretty.
It also seems to be the more investors look they less inclined they are to invest.
What has not been helpful for us as fans are those who have seen this as an opportunity to get their name back in the press without concern for the damage they are doing. I hope the new day brings some respite and more information.
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