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Post by davidm on Nov 28, 2016 13:49:39 GMT
What is going on?
Bolton News are reporting "Bolton Wanderers will face administration next month without boardroom deal".
If we go into administration, we are done for. Promotion goes out of the window. Players will be sold and we are scuppered for years to come.
Unless some billionaire comes along.
Is this Ken Anderson playing brinksmanship with Dean Holdsworth to get his shares?
Has Dean Holdsworth just been plain naive in his dealing?
Did Ken Anderson ever put any money into the club?
What I feared when the so-called takeover took place looks to be approaching..
I despair
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Post by thegrud1 on Nov 28, 2016 13:59:22 GMT
Now we know why Anderson wont meet the Fans...shifty is an understatement....looks like no progress has been made at all since the takeover....Frighteneing
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Post by realtrottersforever on Nov 28, 2016 14:32:23 GMT
This is just rank bad management at board level and it needs sorting. I thought the Football league were supposed to be keeping a close eye on our finances??!!
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Post by riochforthereebok on Nov 28, 2016 21:14:55 GMT
Do the Supporters Trust get a say on what's going on?
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Post by OohMac on Nov 29, 2016 19:51:02 GMT
I'm not sure what people want from Anderson. Would they have more or less respect if he came out and said that he has no connection to Bolton, the town or the fans. His intention here is to make as much money as possible.
What Anderson has done is typical "homes under the hammer" stuff. Bought a derelict club for cheap, thrown a lick of paint at it. Few cosmetic changed to make it appear better than it is, with the sole intention on selling it on at a profit.
Does that make him public enemy #1? For me no. Not for the time being. Until he starts selling the assets he's fine with me and I think he knows he needs the players to make the proposition more appealing. Like I said with the "homes under the hammer" analogy you're not going to make your property more attractive by stripping it of all the features and ripping out the doors.
For me we have 6 months to prove that Bolton are a club worth investing in. If after 6 months we can't get a buyer then that's the time I fear Anderson will cut and run. Sell off Vela, Clough, Spearing and pocket the cash and then go down the liquidation route. So for me promotion is imperative this year.
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Post by andyl on Nov 30, 2016 15:29:53 GMT
What I don't get is how from a guarantee there was no money to pay players without presumably spending more money to buy Dean's shares.?
I'm broadly with OooM on the general direction. Good that KA is trying to make money find investors and presumably sell. Can't help feeling a bit sorry for Deano. He was the club saviour but he seems to have lost out?
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Post by Phil from Smithills on Nov 30, 2016 15:55:08 GMT
My thoughts too, spend money to buy Dean Holdsworth's shares, and then he has the money available to pay debts and pay wages, this doesn't make sense, but then I thought of a cunning plan....has KA., already got a buyer for Deano's shares which he will then sell-on, and at a good profit, and then use that profit to help finance the club...just a thought, but time will tell.
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