WHEELING AND DEALING

realtrottersforever
Administrator

COYWM

Posts: 3,228

WHEELING AND DEALING Feb 18, 2016 11:25:04 GMT

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Post by realtrottersforever on Feb 18, 2016 11:25:04 GMT

Does anyone understand or can explain this story from the BN yesterday

www.theboltonnews.co.uk/sport/wanderers/14283539.Funds_raised_by_Bolton_Wanderers_car_park_deal_secured_against_Whites_Hotel/

We have supposedly sold a car park, yet it would appear we haven't actually sold the car park, as it's now the possible site of a joint retail development and we have ended up with charges against the hotel and the premier suite.

How can we possibly be entertaining the thought of putting money into a retail development when we haven't got the money to keep the football club going?

Then in the BN today there is this story

www.theboltonnews.co.uk/sport/wanderers/14285419.Decision_time_for_Bolton_Wanderers/

stating that we might have to push the button on Administration tomorrow if a new buyer is not found by then.

Whilst I think I might prefer to take admin and the 12 pt deduction this season, (as we are going to be relegated anyway), rather than it happen next season so that we start with a 12 pt deficit, what happened to the story from Tuesdays BN

www.theboltonnews.co.uk/sport/wanderers/14280686.UPDATED___Takeover_latest__Wanderers_to_make_ownership_decision_by_Friday/

THIS WHOLE SAGA HAS BEEN A SHAMBLES FROM START TO FINISH

modfishy
Apprentice

Posts: 29

WHEELING AND DEALING Feb 18, 2016 13:13:27 GMT

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Post by modfishy on Feb 18, 2016 13:13:27 GMT

Sorry I can't offer any explanation to this, you are right though the whole saga has been a shambles! Personally I don't want us to go into administration this season as I believe that Neil Lennon has the ability to get these players motivated and they do try and win games, with a bit more luck I think we can still get out of this and will be better off with new owners in the championship rather than league 1.

Deleted
Deleted Member

Posts: 0

WHEELING AND DEALING Feb 18, 2016 14:04:33 GMT

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Post by Deleted on Feb 18, 2016 14:04:33 GMT

I think I can help re the car park ,the club has been paid the money but the developers have put the charge on just in case the club goes bust , this means that the
developing company will not lose out if that happens , the development was always a shared thing but of course if BWFC are no more then development will not take place as the car park will be part of BWFC assets and would be sold in the liquidation process.

As for the other ED has said in not so many words that admin will not take place (if you believe him) guess we just have to wait and see. hope that clears some things
for you .

realtrottersforever
Administrator

COYWM

Posts: 3,228

WHEELING AND DEALING Feb 18, 2016 14:23:29 GMT

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Post by realtrottersforever on Feb 18, 2016 14:23:29 GMT

Feb 18, 2016 14:04:33 GMT owdonlad said:

I think I can help re the car park ,the club has been paid the money but the developers have put the charge on just in case the club goes bust , this means that the
developing company will not lose out if that happens , the development was always a shared thing but of course if BWFC are no more then development will not take place as the car park will be part of BWFC assets and would be sold in the liquidation process.

As for the other ED has said in not so many words that admin will not take place (if you believe him) guess we just have to wait and see. hope that clears some things
for you .

But if we have sold the car park, it is no longer an asset. So even if we go bust the company that has bought it, own it, it is their asset, so why the charge on the hotel etc.

If they have lent us the money, against a possible joint venture, then fair enough, but in that case we have not sold the car park, so why say that we have ?

It's all just smoke and mirrors.

thegrud1 Fan Favourite Posts: 569	WHEELING AND DEALING Feb 18, 2016 15:46:20 GMT Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by thegrud1 on Feb 18, 2016 15:46:20 GMT Did we not borrow the money to buy the car park ,with the hotel as surity?

Post by realtrottersforever on Feb 18, 2016 11:25:04 GMT

Post by modfishy on Feb 18, 2016 13:13:27 GMT

Post by Deleted on Feb 18, 2016 14:04:33 GMT

Post by realtrottersforever on Feb 18, 2016 14:23:29 GMT

Post by thegrud1 on Feb 18, 2016 15:46:20 GMT