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Bolton Nuts » BWFC » Bolton Wanderers Banter » OFFICIAL CLUB SOLD TO FV!!!!!

OFFICIAL CLUB SOLD TO FV!!!!!

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601OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 13:07

MartinBWFC

MartinBWFC
Frank Worthington
Frank Worthington
If that's true about the indemnity, then he's essentially blackmailing the buyers, if this goes tits up, and deeper investigations are undertaken he'll be properly fucked as he will have nobody to fall back on, hope Raymond the bastard is waiting for him on D wing.

602OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 13:29

terenceanne

terenceanne
El Hadji Diouf
El Hadji Diouf
So lately we have gone from deal done just missing a signature to no deal to deal done again just missing a signature to no deal....and now .....close to a deal again. 
I presume we now have to wait 13 days and close to midnight on the 14th day for the next step.......which will be looking for that guy in Benidorm who has to sign the contract.
..dunno..

603OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 14:30

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:Don’t know if already mentioned but Anderson is reportedly holding out for a legal indemnity for his time as owner. Essentially meaning if he gets sued for anything during his time at the club we reimburse him for it.

Slime.

Check your sources because they are utterly wrong, you can't be indemnified from a crime.

He's seeking 'civil' indemnity which relate to contract agreements in regards to a bridging loan between him Eddie Davies and him (and almost certainly his wife) personally secured on their personal wealth.

Legality.

604OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 14:46

boltonbonce

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

605OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 15:06

boltonbonce

boltonbonce
Nat Lofthouse
Nat Lofthouse

606OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 16:40

MartinBWFC

MartinBWFC
Frank Worthington
Frank Worthington
[You must be registered and logged in to see this link.] wrote:
Was a good watch that, Parkinson looks 10 years younger already.

607OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 17:11

Cajunboy

Cajunboy
Andy Walker
Andy Walker
[You must be registered and logged in to see this link.] wrote:
Interesting, but I bet nothing will change.

608OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 17:40

T.R.O.Y


El Hadji Diouf
El Hadji Diouf
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:Don’t know if already mentioned but Anderson is reportedly holding out for a legal indemnity for his time as owner. Essentially meaning if he gets sued for anything during his time at the club we reimburse him for it.

Slime.

Check your sources because they are utterly wrong, you can't be indemnified from a crime.

He's seeking 'civil' indemnity which relate to contract agreements in regards to a bridging loan between him Eddie Davies and him (and almost certainly his wife) personally secured on their personal wealth.

Legality.

What is ‘civil’ indemnity?

609OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 17:59

Cajunboy

Cajunboy
Andy Walker
Andy Walker
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:Don’t know if already mentioned but Anderson is reportedly holding out for a legal indemnity for his time as owner. Essentially meaning if he gets sued for anything during his time at the club we reimburse him for it.

Slime.

Check your sources because they are utterly wrong, you can't be indemnified from a crime.

He's seeking 'civil' indemnity which relate to contract agreements in regards to a bridging loan between him Eddie Davies and him (and almost certainly his wife) personally secured on their personal wealth.

Legality.

What is ‘civil’ indemnity?
Yes, how can he be protected against a personal loss on a loan he needs to pay?

I don't understand that.

610OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 18:00

T.R.O.Y


El Hadji Diouf
El Hadji Diouf
Curious to hear the difference between a civil indemnity and an indemnity. Not a term I’ve heard before.

611OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 18:10

T.R.O.Y


El Hadji Diouf
El Hadji Diouf
Meanwhile sale complete, thank fuck.

Statement On Behalf Of David Rubin & Partners, Administrators For Bolton Wanderers

We are pleased to announce the sale of Bolton Wanderers to Football Ventures (Whites) Limited has been completed.
Joint Administrator, Paul Appleton, said: "This has been one of the most complicated administrations I've been involved with but I'm delighted to say we have finally reached a satisfactory conclusion with the sale to Football Ventures.

"At times, some of the hurdles appeared insurmountable and the frustration felt has been immense, not least by the supporters who have had to endure too many weeks of uncertainty.

"I would like to pay particular tribute to the Eddie Davies Trust and their legal team who, throughout this whole process, have been willing to do everything in their power to ensure Eddie's incredible legacy was maintained and not sullied.
"Even at the 11th hour when other parties were content to renege on their agreements, the Trust realised the very existence of Bolton Wanderers was at stake and were willing to find a compromise to save the club. It is a testament to their unflinching determination to do what was best for Bolton that we are able to complete the deal today.

"The Trust were forced to constantly compromise their position in the face of circumstances and demands which were wholly unreasonable. This says much about their determination not to allow Eddie's beloved Bolton Wanderers to suffer any longer at the hands of Ken Anderson.

"Sadly, Mr Anderson has used his position as a secured creditor to hamper and frustrate any deal that did not benefit him or suit his purposes. Thankfully, with the assistance of the Trust and others, we were able to overcome this obstacle.

"I would especially like to thank both my team and my lawyers who worked around the clock to find solutions to problems which certainly threatened to derail the whole process.

"I have every sympathy for the staff, players and fans who have been forced to stand by while their club was taken to the brink. I am delighted their loyalty, dedication and patience have finally been rewarded.

"Of course, there will be difficult times ahead while the club gets back on its feet but there are too many people with Bolton close to their hearts for it not to be successful once more.

"The EFL and PFA have both played a major part in the club's survival. They have understood the complexities of the process and have stood strong in the fight to save Bolton, helping to drive this deal over the line.

"Now there can be a fresh start with owners who, I believe, will run the club for the good of the supporters and the community as a whole.

"For everything the fans have had to endure, they deserve nothing less."

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

612OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 18:14

MartinBWFC

MartinBWFC
Frank Worthington
Frank Worthington
Itz bin dun, we live to fight on, oh and Sluffy your man nearly fucked it up.


"Sadly, Mr Anderson has used his position as a secured creditor to hamper and frustrate any deal that did not benefit him or suit his purposes. Thankfully, with the assistance of the Trust and others, we were able to overcome this obstacle.



Last edited by MartinBWFC on Wed Aug 28 2019, 18:19; edited 1 time in total

613OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 18:15

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:Don’t know if already mentioned but Anderson is reportedly holding out for a legal indemnity for his time as owner. Essentially meaning if he gets sued for anything during his time at the club we reimburse him for it.

Slime.

Check your sources because they are utterly wrong, you can't be indemnified from a crime.

He's seeking 'civil' indemnity which relate to contract agreements in regards to a bridging loan between him Eddie Davies and him (and almost certainly his wife) personally secured on their personal wealth.

Legality.

What is ‘civil’ indemnity?

Civil relates to an individual

Indemnity relates to protection

Common sense alone should tell folks that a contract between two entities can't give you protection against the law if you've committed a crime.


614OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 18:18

T.R.O.Y


El Hadji Diouf
El Hadji Diouf
I have no idea why you’re talking about the law yet again. Hopefully I don’t get banned for pointing that out this time.

Let’s just enjoy the fact we’ve survived this mess, Anderson’s gone and we can move on.

615OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 18:22

Danno

Danno
David Ngog
David Ngog
I’ve just sunk down into my chair and feel light as a feather.

Brilliant news. On to gillingham.
However, I’m still pissed off and sad for Bury fans and hope they can somehow crawl back up so we meet again.

Sent from Topic'it App

616OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 18:26

BoltonTillIDie

BoltonTillIDie
Nat Lofthouse
Nat Lofthouse
Fantastic! We survived despite the prick Ken Anderson putting his own greed before the club which means so much to so many.  We have rid of him at last.  So happy, now let’s carry on backing the team, times will be hard but will hopefully get back to the great club we are.

617OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 18:29

Hipster_Nebula

Hipster_Nebula
Nat Lofthouse
Nat Lofthouse
Terrible smear on ken. He just wanted to secure the club's future. Finally the admin have played ball.

618OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 18:29

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:I have no idea why you’re talking about the law yet again. Hopefully I don’t get banned for pointing that out this time.

Let’s just enjoy the fact we’ve survived this mess, Anderson’s gone and we can move on.

That's been one of your big problems, people need to understand the legal position on everything as that determines what happens and can't happen.

It's the law that is the key to all of this not the morality of what people do and have done.

(Fwiw you posted about LEGAL indemnity - obviously the law relates to this - does that give you a clue as to why I mention the law again???)

As you say though best we move on.

619OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 18:29

Bollotom2014

Bollotom2014
Andy Walker
Andy Walker
TFFT! Now we can all relax a bit. Not to be too vengeful but I do hope that anyone having business dealings with Anderson in the future will know of his underhand dealings with us. Hopefully he will be looked at by other agencies who will act if criminality has ensued.

620OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 18:30

boltonbonce

boltonbonce
Nat Lofthouse
Nat Lofthouse
We are pleased to announce the sale of Bolton Wanderers to Football Ventures (Whites) Limited has been completed.

Joint Administrator, Paul Appleton, said: "This has been one of the most complicated administrations I've been involved with but I'm delighted to say we have finally reached a satisfactory conclusion with the sale to Football Ventures.

"At times, some of the hurdles appeared insurmountable and the frustration felt has been immense, not least by the supporters who have had to endure too many weeks of uncertainty.

"I would like to pay particular tribute to the Eddie Davies Trust and their legal team who, throughout this whole process, have been willing to do everything in their power to ensure Eddie's incredible legacy was maintained and not sullied.

"Even at the 11th hour when other parties were content to renege on their agreements, the Trust realised the very existence of Bolton Wanderers was at stake and were willing to find a compromise to save the club. It is a testament to their unflinching determination to do what was best for Bolton that we are able to complete the deal today.

"The Trust were forced to constantly compromise their position in the face of circumstances and demands which were wholly unreasonable. This says much about their determination not to allow Eddie's beloved Bolton Wanderers to suffer any longer at the hands of Ken Anderson.

"Sadly, Mr Anderson has used his position as a secured creditor to hamper and frustrate any deal that did not benefit him or suit his purposes. Thankfully, with the assistance of the Trust and others, we were able to overcome this obstacle.

"I would especially like to thank both my team and my lawyers who worked around the clock to find solutions to problems which certainly threatened to derail the whole process.

"I have every sympathy for the staff, players and fans who have been forced to stand by while their club was taken to the brink. I am delighted their loyalty, dedication and patience have finally been rewarded.

"Of course, there will be difficult times ahead while the club gets back on its feet but there are too many people with Bolton close to their hearts for it not to be successful once more.

"The EFL and PFA have both played a major part in the club's survival. They have understood the complexities of the process and have stood strong in the fight to save Bolton, helping to drive this deal over the line.

"Now there can be a fresh start with owners who, I believe, will run the club for the good of the supporters and the community as a whole.

"For everything the fans have had to endure, they deserve nothing less."

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

621OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 18:32

T.R.O.Y


El Hadji Diouf
El Hadji Diouf
Confirming what the vast majority knew. Anderson’s greed took us close to the brink, sounds as if MJ has the clubs best interests at heart. Hopefully we can finally run a corner on all this.

622OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 18:32

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
Thank God for that! Can we now get some senior players in and at least give us a chance? Who do we want as manager now?

623OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 18:33

T.R.O.Y


El Hadji Diouf
El Hadji Diouf
[You must be registered and logged in to see this link.] wrote:Thank God for that! Can we now get some senior players in and at least give us a chance? Who do we want as manager now?

Give it David Lee till end of the season.

624OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 18:34

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
Now lets never mention that slimy prick Andersons name on here ever again. I hope he goes bankrupt at some stage.

625OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 18:34

boltonbonce

boltonbonce
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:Now lets never mention that slimy prick Andersons name on here ever again. I hope he goes bankrupt at some stage.
Sluffy will be on shortly.

626OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 18:37

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:Now lets never mention that slimy prick Andersons name on here ever again. I hope he goes bankrupt at some stage.
Sluffy will be on shortly.

Very Happy

You're so right!

[You must be registered and logged in to see this link.] wrote:Fantastic! We survived despite the prick Ken Anderson putting his own greed before the club which means so much to so many. We have rid of him at last. So happy, now let’s carry on backing the team, times will be hard but will hopefully get back to the great club we are.

That 'greedy prick' Anderson had £7.5m on the table and fought for it.

Would you have walked away from £7.5m if you could have it legally.

I wouldn't.

#moraldilema

627OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 18:39

Danno

Danno
David Ngog
David Ngog
Why are we still talking about Anderson.

He’s gone, good fuggin riddance!

Sent from Topic'it App

628OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 18:40

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
Is there actual proof he put that amount of his own money in?

629OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 18:43

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:Is there actual proof he put that amount of his own money in?

Why do you think all this as been going on if he hadn't???

630OFFICIAL CLUB SOLD TO FV!!!!! - Page 21 Empty Re: OFFICIAL CLUB SOLD TO FV!!!!! on Wed Aug 28 2019, 18:43

Sluffy

Sluffy
Admin
This is very important too but seems to have been overlooked by most -


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