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Post by whitesince63 on Jan 22, 2016 18:32:10 GMT
Can somebody help me out here because I must be missing something really simple. Leaving aside the debt owed to ED which if reports are true he's completely writing off we seem to owe a total of around £10-12m. It costs around £1M a month to run he club so let's say for around £20-25m you can buy and run the club. However, asset wise for your £20M outlay you get a state of the art ground with a huge exhibition area largely unused, other club bars and rooms also largely unused, a top level training ground at Euxton plus academy, the other training at Lostock, a top grade hotel turning in £1M profit a year as well as saleable young players in Clough and Vela reputed to be worth touching £3M. With a ruck of high earning players shortly out of contract the £1M monthly upkeep should soon be significantly less, all positive. With all these assets for such a small outlay why has nobody come forward seriously to buy the club especially given that we have a regular if not spectacular support of 15-20k if the team does anything like ok. What am I missing, with all these assets for your money why aren't buyers queuing up for us? Something isn't right here and I can't figure out what it is. It seems to be that ED is putting very strict conditions on the sale ,I don't know exactly what they are but that seems to be the stumbling block and the buyers have to show that they have the cash to complete and run the club for 12 months . I can see that owdonlad but even with tight conditions surely it must still be an absolute bargain for anybody who seriously wants to purchase a football club? To acquire all those assts and earning possibilities for such a relatively small outlay seems a no brainer. Surely anyone with a little commercial nouse could make a fortune just balancing the books. There's got to be something else we're not being told surely. ?
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Post by riochforthereebok on Jan 22, 2016 22:32:49 GMT
It seems to be that ED is putting very strict conditions on the sale ,I don't know exactly what they are but that seems to be the stumbling block and the buyers have to show that they have the cash to complete and run the club for 12 months . I can see that owdonlad but even with tight conditions surely it must still be an absolute bargain for anybody who seriously wants to purchase a football club? To acquire all those assts and earning possibilities for such a relatively small outlay seems a no brainer. Surely anyone with a little commercial nouse could make a fortune just balancing the books. There's got to be something else we're not being told surely. ? I totally agree Whites63 and if there's a fear that becoming a League 1 club is off putting, the right financial backing and decent manager would pi55 League 1 and have us back in the Championship fighting for a play off place and then into the promised land of plenty (Sky money) Simples Seems to me that ED's sales plan must have some unattainable caveat's !!!! Not sure what tho..
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Post by andyl on Jan 23, 2016 19:11:56 GMT
We'll always have MK Dons! Sadly that may be about it. With one week of the transfer window to go and no reasonable offer likely to be refused we have peaked at a bad time. The club sale is at an impasse seemingly with Eddie D from his Ark watching rising floods. He does not want to sell to anyone who will borrow against assets though quite what the difference is with that and asset sale I'm not sure. How many of those who played today will line up v Leeds and Wolves I wonder?
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Post by OohMac on Jan 24, 2016 16:30:26 GMT
I don't really get this "right buyer" business. Fair enough if you're Bill Kenwright or the like and aren't desperate to sell and don't want to be taken in that direction. But its a bit like Eddie Davies can't pay his mortgage, the house will repossess it soon but he won't sell it to the bidder because they might want to redecorate.
If you care about the club Eddie, pay the wages, keep the young players and in short pull your bloody finger out.
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Post by andyl on Jan 24, 2016 16:57:08 GMT
Or get out???
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Post by whitesince63 on Jan 24, 2016 18:45:30 GMT
There's something more here, has to be. The whole club sale thing just doesn't add up.
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Post by realtrottersforever on Jan 24, 2016 19:16:41 GMT
I don't really get this "right buyer" business. Fair enough if you're Bill Kenwright or the like and aren't desperate to sell and don't want to be taken in that direction. But its a bit like Eddie Davies can't pay his mortgage, the house will repossess it soon but he won't sell it to the bidder because they might want to redecorate. If you care about the club Eddie, pay the wages, keep the young players and in short pull your bloody finger out. I'm with you on this OOOOm....if he is the owner and is blocking the sale for what ever reason, he should still be paying the wages and the bills. I can understand him not wanting to invest big bucks, but surely he has a duty to pay the bills. If he can't afford to pay (and we all know he can) he should declare himself bankrupt either that or he should put up, or shut up, and do the decent thing.
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Post by davidm on Jan 29, 2016 13:39:12 GMT
How about this!!!
Bolton News reports that "Billionaire banker and oil magnate bidding to buy Bolton Wanderers" As follows:- A BILLIONAIRE banker is bidding to buy Bolton Wanderers, The Bolton News understands.
Roger Tamraz, who is also deputy chairman of Middle East Airlines and own oil company Tamoil, says he wants to see Whites become a "community club" once again.
A spokesman for Mr Tamraz said: "After months of work Mr Tamraz and his team have put together a bid to buy the football club from present owner Eddie Davies.
"Building on the current assets, namely the Macron Stadium, Whites Hotel, Euxton training ground, the Lostock academy, and the Community Trist, Mr Tamraz wans to see Bolton Wanderers once again become a community club at the heart of the Bolton community.
"If the bid is successfuly, fans will be involved as never before, as Mr Tamraz seeks to rebuild the image of the club." Is it April 1st? ??
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