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Re: Bolton

Posted: Thu May 02, 2019 6:09 pm
by tiger76
If they completely folded what level of the pyramid would be their starting place for a new entrant,would they have to drop as low as the Northwest County level,or could they gain a foothold higher up the ladder.

This is the nuclear option,but it's looking more likely by the day,they can't keep limping on in this manner surely.

Re: Bolton

Posted: Thu May 02, 2019 6:11 pm
by GodIsADeeJay81
I'm guessing they'd start over again from as low down the league's as possible ?

Re: Bolton

Posted: Thu May 02, 2019 6:17 pm
by DAVETHEVICAR
Nixon confident they will go into administration for a short period and be taken over then next season start in League 1 with a points deduction

Re: Bolton

Posted: Thu May 02, 2019 6:39 pm
by Blackrod
I’m sure someone will buy them for £1 and reform them as ‘The’ Bolton Wanderers Football Club and they will carry on playing in the same stadium as if nothing has happened.

Makes me wonder do The Rangers Football Club list Rangers Football Club football honours in their programmes considering that was a separate club ?

Re: Bolton

Posted: Thu May 02, 2019 6:44 pm
by Dark Cloud
ecc wrote:"Bassini had previously admitted he had not conducted thorough due diligence on the Wanderers accounts prior to being named as the ‘mystery buyer’ whose assurances helped the club get a second adjournment at the High Court last month. "

Frightening. You're (for some insane reason) thinking of buying a debt-ridden club and you don't conduct thorough due diligence. Is he playing with a full deck?
I'm no psychiatrist, but NO!! He ain't!!

Re: Bolton

Posted: Thu May 02, 2019 6:46 pm
by Chester Perry
Blackrod wrote:Makes me wonder do The Rangers Football Club list Rangers Football Club football honours in their programmes considering that was a separate club ?
I would guess at yes - https://rangers.co.uk/club/history/" onclick="window.open(this.href);return false;

Re: Bolton

Posted: Thu May 02, 2019 7:04 pm
by Chester Perry
Brentford game confirmed for next Tuesday - https://www.bbc.co.uk/sport/football/48140125" onclick="window.open(this.href);return false;

Re: Bolton

Posted: Thu May 02, 2019 7:16 pm
by Dark Cloud
Chester Perry wrote:Brentford game confirmed for next Tuesday - https://www.bbc.co.uk/sport/football/48140125" onclick="window.open(this.href);return false;
I wouldn't be buying a ticket until about 10 minutes before kick off....just in case like.

Re: Bolton

Posted: Thu May 02, 2019 7:22 pm
by GodIsADeeJay81
Dark Cloud wrote:I wouldn't be buying a ticket until about 10 minutes before kick off....just in case like.
The way things are down there I'd wait until the ref blew for kick off :lol:

Re: Bolton

Posted: Thu May 02, 2019 7:30 pm
by bfcjg
I bet Bolton wish they'd done better due diligence when they poached horse face.

Re: Bolton

Posted: Thu May 02, 2019 7:33 pm
by Dougall
GodIsADeeJay81 wrote:The way things are down there I'd wait until the ref blew for kick off :lol:
AND pay by cheque! :D

Re: Bolton

Posted: Thu May 02, 2019 7:35 pm
by Claret1205
tiger76 wrote:If they completely folded what level of the pyramid would be their starting place for a new entrant,would they have to drop as low as the Northwest County level,or could they gain a foothold higher up the ladder.

This is the nuclear option,but it's looking more likely by the day,they can't keep limping on in this manner surely.

When Halifax Town folded the new club started in the NPL Division One i.e one level above the North West Counties. Would imagine a new Bolton club would be allowed to enter at the same level.

Re: Bolton

Posted: Thu May 02, 2019 7:48 pm
by rufus lumley
I phoned the club and asked them what time was kick off and they said what time can you get here.

Re: Bolton

Posted: Thu May 02, 2019 7:52 pm
by nil_desperandum
rufus lumley wrote:I phoned the club and asked them what time was kick off and they said...............
"Can you play centre midfield??" ?

Re: Bolton

Posted: Thu May 02, 2019 9:00 pm
by 1HappyClaret
Bassini deal is off. Who knows what happens now.

Re: Bolton

Posted: Thu May 02, 2019 9:05 pm
by Tricky Trevor
Have Anderson and Bassini been playing games with the High Court to keep HMRC at bay until season end?

Re: Bolton

Posted: Thu May 02, 2019 9:08 pm
by randomclaret2
Would a reborn Bolton club, rising from the ashes, be known as Phoenix Knights ?

Re: Bolton

Posted: Thu May 02, 2019 9:09 pm
by Nonayforever
Tricky Trevor wrote:Have Anderson and Bassini been playing games with the High Court to keep HMRC at bay until season end?
It wouldn't surprise me in the least if these two conmen are working together in order to delay the winding up order by HMRC.

Re: Bolton

Posted: Thu May 02, 2019 9:17 pm
by claret wizard
I thought you couldn’t do a quick admin turn around if the money is owed to HRMC. They’ll shut the whole thing down. Other creditors are different but the taxman always wants his cut.

Re: Bolton

Posted: Thu May 02, 2019 9:22 pm
by ClaretJimmy
Bolton Wanderers: Laurence Bassini takeover of relegated Championship club off - http://www.bbc.co.uk/sport/football/48140125" onclick="window.open(this.href);return false;

That's the end of that one then!

Re: Bolton

Posted: Thu May 02, 2019 9:24 pm
by Chester Perry
Bassini did not have his meeting with the EFL

https://www.bwfc.co.uk/news/2019/may/club-statement/" onclick="window.open(this.href);return false;

my guess is Administration with a major creditor being part of the new ownership

Re: Bolton

Posted: Thu May 02, 2019 9:27 pm
by ClaretTony
It goes from bad to worse but for the Bolton fans it would have been like frying pan into fire with Bassini. Goodness knows what's going to happen now.

Re: Bolton

Posted: Thu May 02, 2019 9:33 pm
by Bin Ont Turf
Horwich and District Wanderers FC

Re: Bolton

Posted: Thu May 02, 2019 9:55 pm
by Dark Cloud
Bassini hasn't and never has had any money and definitely not the funds to buy and bail out Bolton. Him stringing that clown Anderson along is one thing, but whatever you think of them it's all been very unfair on the genuine Bolton fans. Bassini constantly stalled on the "proof of funds" which the EFL naturally required and eventually he's had to scuttle off under cover of a smokescreen because he literally can't and never could put his money where his big mouth is.

Re: Bolton

Posted: Thu May 02, 2019 10:13 pm
by Chester Perry
that is a lot of debt

https://www.thesun.co.uk/sport/football ... istration/" onclick="window.open(this.href);return false;

Re: Bolton

Posted: Thu May 02, 2019 10:16 pm
by Steddyman
Bassini will probably still be buying them, but if he lets it go into Administration first, he can't pick it up at a massively discounted price and not inherit the debts. Why would he do anything else?

Re: Bolton

Posted: Thu May 02, 2019 10:18 pm
by GodIsADeeJay81
Would appear Davies wasn't so charitable towards the end then, if monies owed is now secured.

The hotel and training ground issues are going to be a major headache.

Re: Bolton

Posted: Thu May 02, 2019 10:21 pm
by Chester Perry
GodIsADeeJay81 wrote:Would appear Davies wasn't so charitable towards the end then, if monies owed is now secured.

The hotel and training ground issues are going to be a major headache.
depends - I would call writing off over £170m charitable

Re: Bolton

Posted: Thu May 02, 2019 10:31 pm
by NL Claret
Chester Perry wrote:depends - I would call writing off over £170m charitable
Has he really written off £170m? From the Swiss ramble and other things you pick up on social media, how much did davies companies get in interest? Are there still ties with moonshift that have club have had to work under? Or were they Anderson lies?

Their finances have been incredible over the years.

Re: Bolton

Posted: Thu May 02, 2019 10:51 pm
by Chester Perry
Are mainstream media companies are no longer talking to Bassini ? maybe if this is his only outlet - not exactly the reach he requires to turn it around I suspect

https://twitter.com/JewishTelegraph/sta ... 1891919876" onclick="window.open(this.href);return false;

Re: Bolton

Posted: Thu May 02, 2019 10:54 pm
by Chester Perry
NL Claret wrote:Has he really written off £170m? From the Swiss ramble and other things you pick up on social media, how much did davies companies get in interest? Are there still ties with moonshift that have club have had to work under? Or were they Anderson lies?

Their finances have been incredible over the years.
https://www.telegraph.co.uk/sport/footb ... -side.html" onclick="window.open(this.href);return false;

£170m + £15m when they return to the PL

Should say that Moonshift is the Davis family vehicle that has been putting money into Bolton for years

Re: Bolton

Posted: Thu May 02, 2019 11:06 pm
by Royboyclaret
Chester Perry wrote:https://www.telegraph.co.uk/sport/footb ... -side.html

£170m + £15m when they return to the PL

Should say that Moonshift is the Davis family vehicle that has been putting money into Bolton for years
The financial accounts for 2017 show a Related party loan waiver of £197.9m.

Re: Bolton

Posted: Thu May 02, 2019 11:07 pm
by Chester Perry
Royboyclaret wrote:The financial accounts for 2017 show a Related party loan waiver of £197.9m.
ouch

Re: Bolton

Posted: Thu May 02, 2019 11:17 pm
by Royboyclaret
Chester Perry wrote:ouch
Indeed.

But the Davies family estate is clearly owed a further £23m, making them still the club's highest creditor.

Re: Bolton

Posted: Thu May 02, 2019 11:20 pm
by Chester Perry
sounds like Eddie was Anderson's first point of call whenever things got tigh

Re: Bolton

Posted: Thu May 02, 2019 11:31 pm
by Royboyclaret
Chester Perry wrote:sounds like Eddie was Anderson's first point of call whenever things got tigh
Without question that was always the case. My information as of tonight is that literally no-one outside of the Club was aware of the outstanding debt of £41.6m until lunchtime today, and that includes Bassini. So whilst the latter may not come out of any of this smelling of roses he may not be quite the badman that he is being portrayed on this thread. Funds were available including £200k to maintain the hotel if Anderson hadn't been quite so stubborn, but now all that will be consigned to the history books.

Re: Bolton

Posted: Fri May 03, 2019 12:55 am
by THEWELLERNUT70
Could they reform as Middlebrook FC thus giving Pro Evolution Soccer 20 it's only correctly named English team :D

Re: Bolton

Posted: Fri May 03, 2019 7:18 am
by box_of_frogs
bfcjg wrote:I bet Bolton wish they'd done better due diligence when they poached horse face.
Time to let it go!

Re: Bolton

Posted: Fri May 03, 2019 7:56 am
by Hipper
rufus lumley wrote:I phoned the club and asked them what time was kick off and they said what time can you get here.
Not 'ten years ago'?

Re: Bolton

Posted: Fri May 03, 2019 7:57 am
by ClaretTony
Royboyclaret wrote:Without question that was always the case. My information as of tonight is that literally no-one outside of the Club was aware of the outstanding debt of £41.6m until lunchtime today, and that includes Bassini. So whilst the latter may not come out of any of this smelling of roses he may not be quite the badman that he is being portrayed on this thread. Funds were available including £200k to maintain the hotel if Anderson hadn't been quite so stubborn, but now all that will be consigned to the history books.
Bassini not quite the bad man that he is being portrayed on this thread? I hope there aren’t any Watford fans reading that. This is a man who seems to have built a career on dishonesty and bankruptcy. If you saw him coming down your street you’d make sure your doors were locked.

Re: Bolton

Posted: Fri May 03, 2019 8:25 am
by Woodleyclaret
The fair test ownership is a complete joke.A string of Thais businessmen have bought into clubs with little knowledge of our football leagues and bombed.
The Leeds Mafiosa is well documented elsewhere and this latest Italian"businessman" was the one in a long line of charlatans.

Re: Bolton

Posted: Fri May 03, 2019 8:54 am
by Alanstevensonsgloves
Woodleyclaret wrote: The Leeds Mafiosa is well documented elsewhere and this latest Italian"businessman" was the one in a long line of charlatans.
This should come as no surprise. For these Italian charlatans, there's no other way.

Re: Bolton

Posted: Fri May 03, 2019 8:58 am
by Bordeauxclaret
He’s English.

Re: Bolton

Posted: Fri May 03, 2019 9:03 am
by Tricky Trevor
Bassini now telling Sky he is in charge of BWFC.

Re: Bolton

Posted: Fri May 03, 2019 9:05 am
by ClaretTony
From this morning's Bolton News


LAURENCE Bassini refuses to give up on his chase to buy Bolton Wanderers, insisting the contract he signed to buy Ken Anderson’s shares is “bulletproof”.

Speaking to The Bolton News this morning, the former Watford owner was upset that an official statement issued last night had seemingly ended the deal and hinted that the club would soon be placed into administration.

“That is nonsense,” argued Bassini, who added that he is now pursuing legal action and is officially 'in control' of the club. “What is happening here is wrong. What they are doing is making people at the club suffer.

“I am not giving up on this one. I am going to save this club.”

Bassini has not had his business plan refused by the EFL but admits he does need to restructure elements of his bid to satisfy certain criteria laid out by the league.

He claims there was no need to meet with officials last night as his legal representatives were able to send the necessary documents without him being present.

“The contract I have is binding,” he said. “It is a mechanism to complete the deal.

“They have not put in writing that I cannot have the club. It is bulletproof. There is nothing they can do – and they certainly can’t start putting out an ultimatum.”

Bassini claims he offered to pay-off the winding-up petition against the Bolton Whites Hotel a fortnight ago but was refused.

He has also said he would pay back every Bolton Wanderers supporter who had money taken from their bank account for the final season ticket direct debit last month.

“I will repay every single fan personally,” he added.

Re: Bolton

Posted: Fri May 03, 2019 9:07 am
by GodIsADeeJay81
This would probably make a really good Netflix/Amazon series :lol:

Re: Bolton

Posted: Fri May 03, 2019 10:07 am
by ElectroClaret
Tricky Trevor wrote:Bassini now telling Sky he is in charge of BWFC.
They've just said exactly the same on 5live sports news.
What's going on? :geek:

Re: Bolton

Posted: Fri May 03, 2019 10:08 am
by bob-the-scutter
Jim White is on it now!

Re: Bolton

Posted: Fri May 03, 2019 10:11 am
by ElectroClaret
Talksport reporting him as saying "I have proof of funds and a watertight contract...." (30 mins ago)
:o :o

Re: Bolton

Posted: Fri May 03, 2019 10:32 am
by claretonthecoast1882
The fact someone who has been bankrupt twice seems so desperate to get his hands on a basket case of a club should be in itself enough to them to stay clear of this crook