The "it could actually be worse" thread ....

[horlock07]

Also not helped as the admin for the hotel and club is being handled by two different administrators.

[Power to people]

So Bolton was saved then and the consortium go what they wanted by getting the hotel as well.

They have a very short time to recruit players, but to be fair they may as well write of this season, they have their 12 point deduction already, the FL still have to decide on the penalty from the game from last season that was postponed due to player strikes, and then they have the game from this season that Bolton called off themselves, you would guess those will be some sort of points deduction.

I suppose they have to come down hard on them as it sends a message out to other clubs as well, if it was only a slap on the wrist then they would have set a precedent and other clubs would think they can do the same and get away with it.

I hope it gets sorted quick so the club can plan correctly and maybe build with a view to next season.

The question is though who will be the next club, Maccelsfield keep having court cases and paying the creditor the day before to avoid the case, will their luck run out or will it be someone else, until the FL sort the rules there is always going to be clubs struggling and riding their finances to the edge.

[pauld]

So Bolton was saved then

Remains to be seen, doesn't it? It may just be a temporary stay of execution

[horlock07]

Remains to be seen, doesn't it? It may just be a temporary stay of execution

It appears that Ken Anderson finally made £240,000 from the sale of the club, yet to get it over the line around £7.5million of debt was ‘forgiven’ by the Eddie Davies Trust, including loans made to Ken Anderson.

Not yet clear to what extent the new owners are in possession of a pot to piss in.

https://www.theboltonnews.co.uk/news/17866367.bolton-wanderers-takeover-completed-football-ventures-consortium/

[horlock07]

Just reading about Bury's potential saviours, sounds not at all dodgy!

'Efforts were still being made on Wednesday to ask the EFL to reverse its decision, which has devastated Bury supporters, and to consider a last-minute offer to buy the club made by a London-based Brazilian, Gustavo Ferreira. He told the Guardian he is a pastor, and made the offer shortly before the 5pm deadline on Tuesday, in partnership with a gold mining company in Brazil, WGS Mining, of which he is a partner.'

[RobertT]

Bloody gold diggers

[suttonred]

It appears that Ken Anderson finally made £240,000 from the sale of the club, yet to get it over the line around £7.5million of debt was ‘forgiven’ by the Eddie Davies Trust, including loans made to Ken Anderson.

Not yet clear to what extent the new owners are in possession of a pot to piss in.

https://www.theboltonnews.co.uk/news/17866367.bolton-wanderers-takeover-completed-football-ventures-consortium/

We know what happens next. All of the unknown creditors and debts fall out of the cupboard one by one. They're still Blair Witch Project rather than The Sound of Music in film analogy.

[pauld]

We know what happens next. All of the unknown creditors and debts fall out of the cupboard one by one. They're still Blair Witch Project rather than The Sound of Music in film analogy.

That's really well put, I'm going to nick that!

[Power to people]

Bury ST are now threatening legal action against the FL for not following their own procedures, I can understand why they are doing this as they are clearly hurting and must feel that need to go to certain lengths to try and protect the club, but equally I'd suggest they are fighting a losing battle the debts owed are to much and the white knight does not sound much like a white knight, they may just be in an even worse situation next season if they as to survive.

I think its time for them to accept what has happened and concentrate on what they can do like ensure the club is put into receivership and maybe have a chance of buying the stadium at a knock down cost and keeping the club name with its history and starting next season further down the ladder.

[tans]

Daily Mail saying we missed wage payments last season? Did we?

[Peter Venkman]

Daily Mail saying we missed wage payments last season? Did we?

News to me, I would have thought if this was true then the "anti STFC" element at the Adver would have picked up on it.

[tans]

Unless they are on about the pension thing

[Peter Venkman]

Unless they are on about the pension thing

Could be, unusual way of wording it if it was though, and I thought that was nearer 2+ years ago now? wasn't Williams in charge when that happaned?

[suttonred]

Being as they can't even construct a sentence properly, I would lay doubts on their ability to research correctly either.

[theakston2k]

He's admitted the article is wrong and we did pay all the wages but is refusing to issue and apology or correction as he's not the sub editor. Utter trash of a paper and journalist!