Good start to week as Wanderers eagerly await positive news

They have started this crucial week with a vital win at Queens Park Rangers, and now Wanderers boss Phil Parkinson is hoping for good news off the pitch.

His side lifted some of the dark clouds hovering over the club with Saturday’s 2-1 win and the manager paid glowing tribute to the players who did their bit to raise some hope of survival.

“These players have been through a lot and there was another episode with the wages this week,” he said at Loftus Road. “But they are an honest group of professionals who stuck together and represented the club in a way which is befitting.

“We needed a response after the Wigan game and we’re pleased with today and now we want to go into next week with some really positive news about the club and putting in another good performance in front of our own fans against Ipswich.

“It’s a big week for the club and we really hope for some positive news and that the club can have a stable platform to go forward.”

Wanderers’ takeover saga has rumbled on, leaving players, coaches and staff members wondering when their wages – late for the third straight month – will hit their accounts.

The club’s catalogue of unpaid bills include a seven-figure sum due to HMRC which means representatives will attend another High Court hearing on Wednesday.

One man believed to be in talks to buy the club from Ken Anderson is Laurence Bassini, who has gone public with his intention to take control of Wanderers and clear the debts, with staff salaries his priority.

The former Watford owner claims he has been given the green light by the EFL despite being declared bankrupt twice and having served a three-year ban from football.

Neither the club nor the league have commented on Bassini’s claims he is on the verge of taking control at the University of Bolton Stadium.

Which leaves Parkinson once again in the dark as he looks to motivate his players for a final push.

“We don’t have any news at all,” he added. “We’ve been switching off in terms of everything to do with that side of the club because we have to make sure the staff and players keep our credibility in terms of how we train and how we play.

“I feel we’ve done that today and it’s a big lift for everybody.”

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Well, we're past the statutory limit for publication of the 2017/18 accounts. Do we suppose that is Ken's fault or the auditors? Or someone else?

maconman wrote:Well, we're past the statutory limit for publication of the 2017/18 accounts. Do we suppose that is Ken's fault or the auditors? Or someone else?

I doubt the accounts would have been published so close to a takeover in any event.

The accounts have been seen for certain by Team Basran and if you believe what Nixon and Howard are saying elsewhere by Bassini and Team Dark Horse as well, so I doubt there is much hidden in them if they have all done their Due Diligence properly.

Once the takeover has gone through I expect the new owners will want to publish them as early as they can just to show the position they have inherited.

maconman wrote:Well, we're past the statutory limit for publication of the 2017/18 accounts. Do we suppose that is Ken's fault or the auditors? Or someone else?

Definitely Ken's. The auditors won't default on their statutory duty. I imagine that they haven't signed them off as they'll be arguing with KA about whether the business is a going concern or not.
The further into the 12 month period  after the year end that the club can continue to trade the more evidence  there is that it was a going concern at the last year end- unless there is significant and material evidence to the contrary.