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Post by davidm on Nov 29, 2018 16:02:11 GMT
Well I see our chairman has eventually spoken and there obviously going to be no change of manager.
He says “There is no hiding from the fact that our recent results have been disappointing for all concerned but now is the time for everybody to stick together and to get behind the team as one as we attempt to improve our results.
We’ve got the tools to do this and with you all getting behind the team this Saturday, against our local rivals, then I am sure you will lift the players and inspire them to put in a performance that will hopefully get us back on the winning track.
I know that looking at the league table at this moment doesn’t paint a pretty picture in terms of our position, but we are on the same number of points as three other teams and the gap between us and a mid-table place is not insurmountable if we go on a positive run of results. Looking at the Goals Against column in the table the amount of goals we have conceded is not too dissimilar to many of the other clubs; however, the Goals For column is letting us down but I believe goals will come as we are continuing to carve out chances in the games.
After 19 games last season, we were at the bottom of the table with 13 points and it was around this time that we went on that great run, so please continue to be positive and believe that we will turn this around.”
Also no investors on the horizon:-
“Following on from my notes in early October when I gave supporters a brief summary of the ongoing discussions with potential investors I would like to take this opportunity to update everyone again as promised.
I am afraid that despite assurances, the potential investors I mentioned last month have yet to be able to provide proof of the their ability to finance any proposed purchase. Before I will allow anyone to consume the huge time commitment that the due diligence process will place upon our staff, I need to be satisfied that any potential investor has the ability to provide both the source and availability of their funds to satisfy the financial requirements of the EFL. Without this comfort it would be impossible for any acquisition to proceed but I can assure supporters I am very receptive to finding someone who has the financial ability to bring back the success we all want for our club. I will welcome anyone who can pick up the baton from me and get us back to the heights enjoyed during Eddie Davies’s ownership of the club.
Whilst there are a number of interested parties out there purporting to have the ability to buy a football club, you will see from the very small number of clubs that have successfully found new owners how many timewasters there are in the market.
I reiterate my previous statement that I am fully committed to finding investment and that the perceived lack of progress is not due to any unreasonable demands from myself. I continue to maintain that this club offers a serious investor the best value of any team outside of the Premier League and myself and the senior staff will work diligently to find the right custodian to take the club forward.”
So carry on everybody – buy tickets for the matches, spend in the club shop, go to the panto but nothing positive is going to happen.
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Post by thegrud1 on Nov 29, 2018 16:20:05 GMT
Heard it all before....what matters is the results we are getting(not getting) on the pitch...we all know the solution but he ignores the fans
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Post by Alptrotter on Nov 29, 2018 16:44:33 GMT
It seems like our chairman is possessed of the same degree of inertia as our manager. They suit one another. Pity they are both at BWFC!
I think time must be running out for Parky, however, as it makes sense to change leadership only when the new coach can review the current squad and then make changes during the January window. Wait much longer and that won’t be possible and i guess we’ll be stuck with Parky till season end. Anyway, I will miss Saturday’s game, as I’ll be midway back from the Canaries. 30000 feet up sounds the right place to be at 3 pm Saturday!
Davidm, could KA’s words not be read as thedreaded vote of confidence? Or am I just fooling myself?
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Post by davidm on Nov 29, 2018 17:01:14 GMT
It seems like our chairman is possessed of the same degree of inertia as our manager. They suit one another. Pity they are both at BWFC! I think time must be running out for Parky, however, as it makes sense to change leadership only when the new coach can review the current squad and then make changes during the January window. Wait much longer and that won’t be possible and i guess we’ll be stuck with Parky till season end. Anyway, I will miss Saturday’s game, as I’ll be midway back from the Canaries. 30000 feet up sounds the right place to be at 3 pm Saturday! Davidm, could KA’s words not be read as thedreaded vote of confidence? Or am I just fooling myself? Paul, Wishful thinking I think. Inertia is the right word - we are just sleepwalking to disaster. I have commented before on who might benefit from us going into administration. Someone please prove me wrong. One other comment on Ken's words - according to posters on other sites, when Ken Anderson had his Q&A session before the Blackburn match, he said " two parties had provided proof of funds etc and were in a race to buy us". Somebody is telling porkies there. Just to finish with a smile on our faces, Paul - you need to send me a photo - my wife swears blind that it is me in your avator. |
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Post by Deleted on Nov 29, 2018 17:09:09 GMT
I'm quickly losing faith in our club and feel that I'll be joining whites (means I won't go on ifollow) on his supporter strike, which seems to be growing if reports on the BN are to be believed.
I'll deal with the financial side of it first, then go on to the team.
I don't believe for an instant that anyone has made an offer for the club, unless he would mention names. Anonymous people from far off lands don't really cut it do they?
Anderson has the gall to say that no-one has provided proof of funds, but he's a right one to talk. The last I heard, he'd borrowed 5 million from the late Eddie Davies.
He won't do anything, he hasn't the money to invest either.
Seems to me that any willing Buyer should be producing proof of funds and that they are a suitable Buyer to the EFL, before they make an offer to a club owner. Makes sense to me. Like you have to go and obtain a mortgage to buy a house if you can't pay in full.
Now on to his comments about our status in the league. To balance out the lack of goals with the fact that we haven't scored that many is about as farcical as it gets. I can see that a few wins would get us out of hock, but only if 1. we score more goals than concede and the results around us are in our favour. We haven't exactly done well against teams around us this half of the season, have we? Seven to be exact and as I mentioned in another post, the others seem to be in ascendancy as opposed to our favourable start. I don't see us getting anything from the top clubs as the season progresses. His tactics have already been sussed. I can only see us getting one point between now and the New Year.
It is very depressing to say the least. I'm with chip on this one "I need a drink" lol
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Post by Deleted on Nov 29, 2018 17:24:53 GMT
we are just sleepwalking to disaster. I have commented before on who might benefit from us going into administration. Someone please prove me wrong. david, I have sent off an email to Marc Iles and I have asked him to clarify the situation for us. If he doesn't know, he should certainly find out! |
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Post by Deleted on Nov 29, 2018 19:12:37 GMT
davidm, here is what Marc Iles sent to me:
There's an order to the people who have claims on the assets. Ken Anderson's loan is secured against the hotel etc, and I understand he is first in line were the club to go into admin.
Michael James, Brett Warburton and Eddie Davies's estate also have security on their own loans - and in Eddie's case, there are also financial stipulations he wrote into the deal on selling the club to KA/DH in March 2016 which can be recalled.
Ken's issue is that his company, Inner Circle Investments, is liable for the £5m-plus-interest which is due in February next year. He could potentially refinance but that would also mean giving away security.
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Post by davidm on Nov 29, 2018 19:38:46 GMT
davidm, here is what Marc Iles sent to me: There's an order to the people who have claims on the assets. Ken Anderson's loan is secured against the hotel etc, and I understand he is first in line were the club to go into admin.Michael James, Brett Warburton and Eddie Davies's estate also have security on their own loans - and in Eddie's case, there are also financial stipulations he wrote into the deal on selling the club to KA/DH in March 2016 which can be recalled. Ken's issue is that his company, Inner Circle Investments, is liable for the £5m-plus-interest which is due in February next year. He could potentially refinance but that would also mean giving away security. That scares me |
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Post by Alptrotter on Nov 30, 2018 12:59:54 GMT
It seems like our chairman is possessed of the same degree of inertia as our manager. They suit one another. Pity they are both at BWFC! I think time must be running out for Parky, however, as it makes sense to change leadership only when the new coach can review the current squad and then make changes during the January window. Wait much longer and that won’t be possible and i guess we’ll be stuck with Parky till season end. Anyway, I will miss Saturday’s game, as I’ll be midway back from the Canaries. 30000 feet up sounds the right place to be at 3 pm Saturday! Davidm, could KA’s words not be read as thedreaded vote of confidence? Or am I just fooling myself? Paul, Wishful thinking I think. Inertia is the right word - we are just sleepwalking to disaster. I have commented before on who might benefit from us going into administration. Someone please prove me wrong. One other comment on Ken's words - according to posters on other sites, when Ken Anderson had his Q&A session before the Blackburn match, he said " two parties had provided proof of funds etc and were in a race to buy us". Somebody is telling porkies there. Just to finish with a smile on our faces, Paul - you need to send me a photo - my wife swears blind that it is me in your avator. Ha ha, David. A doppelgänger, no less! I’ll change my photo so your wife can reassure herself that she is mistaken! |
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Post by davidm on Nov 30, 2018 14:08:57 GMT
Hi Paul,
The new picture clears up any confusion for my wife.
Take away the hat, anorak and the dark glasses and you're clearly not me. White beard Yes but a shortage of hair (i.e. none) with me separate us.
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Post by OohMac on Dec 2, 2018 9:16:24 GMT
davidm, here is what Marc Iles sent to me: There's an order to the people who have claims on the assets. Ken Anderson's loan is secured against the hotel etc, and I understand he is first in line were the club to go into admin. Michael James, Brett Warburton and Eddie Davies's estate also have security on their own loans - and in Eddie's case, there are also financial stipulations he wrote into the deal on selling the club to KA/DH in March 2016 which can be recalled. Ken's issue is that his company, Inner Circle Investments, is liable for the £5m-plus-interest which is due in February next year. He could potentially refinance but that would also mean giving away security. So Feb is D Day for all involved? What does Ken get it we go into Administration? I know he would ideally sell it on for £30M plus a percentage of any future TV money deal but if there is no one stupid enough to go on his terms will he financially be better off for the club folding? If so we've got a great Mel Brooks set up with these two producing. Owner who can get a few million of a 50p buy and doesn't have to explain anything and a manager who knows how bad we are if he can get the push he will also be quids in. No wonder the fans have distanced themselves from the club |
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Post by davidm on Dec 5, 2018 18:38:58 GMT
Well, Ken Anderson has responded to Marc Iles piece in todays BN:-
I have seen Marc lles’ articles today in the Bolton News which unfortunately are factually incorrect, and not for the first time, and would respond as follows.
Dean Holdsworth and I did not pay £1 for the club. We paid £1 plus the debt, which was a substantial amount.
Inner Circle Investments Ltd have paid substantially more than £150,000 for the shares In Burnden Leisure Ltd.
As regards off field events having a negative effect on the players, l would point out that his recent player assessment ratings in several match reports doesn’t help when players are rated at 2, 3 or 4. Also to continuously refer to repetitive non-payment of salaries is again factually incorrect. It’s happened once.
For the record, November was the first time the majority of the players have been late in receiving their monthly salaries. However, l accept that the retention bonuses and severance pay on players who have left was paid late this summer and l have previously commented on this, so l see no need to repeat myself.
All the other employees (circa 400) in the businesses were all paid on time in November as they always have been previously.
Once again, there was a reference to administration but in case you do not know players are the only people who as “football creditors” are guaranteed to be paid if that should ever happen. They also have the benefit of being able to go to the PFA for financial assistance. That’s why l personally paid all the other employees first as they are the lowest paid in the group and unlike the players do not have the benefit of knowing that they will always be paid come what may.
That said, l am extremely grateful for the support, assistance and cooperation that we have received from the players in these difficult times and I will always do my best to try and resolve the current cash flow problems and hopefully, avoid repeating any delays in the future in paying salaries.
I also noticed a recent report by Alan Nixon in The Sun claiming that SCC/Heathcote’s were about to issue us with a writ for £350,000. This is total nonsense and at the time of writing no money is overdue to them.
Maybe Marc is right and ‘Enough is Enough’ and l should just follow Ed Davies’ decision and refuse to provide any further personal funding. I know that from the numerous conversations that l had with Ed that he was very disappointed and disillusioned over the constant negativity he received from the media and that eventually he decided enough was enough. Like Ed, l do not enjoy my family and friends having to read and experience the vitriol that is printed about me when all l am trying to do is help get the club through these difficult times at my own considerable personal expense.
I do not want and cannot afford to end up losing substantial amounts of money in football as Ed did and many others like him also have. Most of these are on public record and as far as l can see all they were trying to do was help and keep their respective clubs going. No doubt, with the benefit of hindsight, they would not repeat the same mistakes today and l for my part am happy to learn from their mistakes and not experience them and eventually suffer the same fate. Sometimes it is best not to follow the dream and accept that your first loss is your best loss! As they say be careful what you wish for.
When l first became involved with the club in March 2016 one of the criticisms of the previous board expressed at the first supporters Q & A that l attended was the lack of communication. I have tried to address this through the regular Chairman’s Web notes, the match day programme, press and media interviews and the regular Q and A sessions.
During my time at the club l have always attempted to be as open and transparent as possible. This is not always easy in today’s world with the various legal protections that are in place and frequently used, whether it be in commercial agreements, buying and selling of businesses or contracts of employment etc.
There has been an element of criticism of me recently on the social media and generally speaking I try to ignore it, as the majority of it is from a minority of people who say they are supporters and make numerous outrageous and factually incorrect statements, but in reality have absolutely no knowledge of what’s really going on at the club at any given time.
I can only presume that it’s their way of getting noticed and getting their 15 minutes of fame. I have no problem with criticism as long as it’s accurate, factually correct and truthful. Unfortunately, most of what is alleged is total nonsense. That said l will always attempt to communicate and be open and transparent and will therefore, try to deal with as many of the recent comments truthful or otherwise below.
As regards the people who are calling me a liar in respect my recent comments about potential investors or buyers for the club, l stand by everything l have said and will continue to do my best to achieve this. There is documentary evidence to support my comments that will be made available at the appropriate time.
Unfortunately, there are a number of people out there who claim to have the funds to buy the club, but when it comes to it they are unable to deliver the funds for one reason or another. I can assure you that for every genuine investor there are many time wasters and the process is a long and challenging one as has clearly been seen and documented at numerous other clubs also looking for investment. Indeed, Mike Ashley was quoted this week as having been trying to sell Newcastle since 2017.
Over the last few days, l have met and spoken with the financial and legal representatives of two new interested parties, both of the representatives are well known to me and have been actively involved in a number of other successful club transactions over a number of years. Should these discussions progress l will endeavour to keep you informed at all times.
I will treat the abusive comments about me not attending the match against Wigan last Saturday with the contempt they deserve. It is well known that l live overseas and cannot attend each and every match, but as many of the genuine fans will tell you, l have probably attended 90% of all our home and away games each season since l have been involved.
Unfortunately, by the nature of the business, the running of a football club has many ups and downs both on and off the field.
There have been a number of accusations about the lack of funding being made available to the manager, which l don’t accept, as over the last three seasons we have fully supported the manager to the best of the club’s financial ability and signed over 50 players, even during the embargoes l inherited. These are players that the manager and his recruitment team targeted and were signed. Like other clubs we are not always successful in recruiting all of our targets, but generally speaking we have not missed out on many, but to say the manager has not had the resources and support is very wide of the mark. In League One our players’ budget was in the top 2/3 clubs and even in the Championship it was higher than a number of other clubs last season and this.
I do accept, however, that we are not up there with the ‘big‘ clubs and cannot compete or sign the top players who now command salaries in excess of £1/2 million a season and hope that the various critics on social media will understand this. Indeed, only this week David Sharpe from Wigan outlined the problems now faced by clubs in the Championship and why the Whelan family decided to sell the club.
Since l have been at the club, l have always done my best to try and operate the club within its financial capabilities. This is often made more difficult because of the uncertainty of the club’s cash flow and over the last few months has been extremely difficult for a number of reasons including the international breaks, where the club has little or no income and more importantly the 2,000 or so fewer supporters attending recent home matches. Unfortunately, a number of the people not attending are the ones that are the most critical on social media. The knock on effects of this are horrendous and have been clearly seen in the late payment of the players and management staff salaries last month.
Obviously, l have come in for a great deal of criticism in the press and social media about this. However, a number of comments made are once again factually incorrect. Over the last few months, l have personally funded all the salaries which has cost several million. So, perhaps, all those out there saying l have not put any money into the club will now cease making incorrect statements.
For the record, we receive the second substantial payment from the EFL in early January and obviously, this will go a long way to improving the current cash flow requirements.
I found the recent open letter from the Supporters Trust interesting, but my recent experiences have shown them to huff and puff, but with little or no substance. If they believe they can help and assist the club then please write another open letter clearly outlining how they can do this and what they have to offer and what they expect in return. If it’s another derisory offer for a shareholding and board representation then don’t bother wasting my time. If it’s a serious proposition and realistic, then let’s have an open meeting with all their membership and discuss it in an open forum.
Hopefully, the above has explained as far as possible some of what is happening at the club and we will all continue to join together and get behind the team and overcome the current problems.
In an ideal world, if we can get the results on the pitch and get the 2,000 missing supporters to return then the financial problems off the pitch will improve significantly.
Not sure what to make of it, other than apparently it's the fault of the 2,000 spectators who PP has driven away that we are skint.
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Post by thegrud1 on Dec 5, 2018 19:18:40 GMT
*****Dean Holdsworth and I did not pay £1 for the club. We paid £1 plus the debt, which was a substantial amount.***HE DID NOT PAY THE DEBT HE TOOK IT OVER!
***Also to continuously refer to repetitive non-payment of salaries is again factually incorrect. It’s happened once. *** St Mirren game....Not paid PP or his staff monies owed ,not paid monies due ( AMOS)and late payments to players
**** Unfortunately, a number of the people not attending are the ones that are the most critical on social media. The knock on effects of this are horrendous and have been clearly seen in the late payment of the players and management staff salaries last month. **** so its the supporters who dont go to games fault?......AND I,m a 20+ year season ticket holder Ken !
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Post by OohMac on Dec 5, 2018 20:18:05 GMT
Its all W63 fault!
Got to say Ken does comes out fighting and some of his points I take on board. But he said we didn't need to sell Madine and then when we sold GM for far more the we ever dreamed of we still was minutes away from admin. Although to be honest he got rid of a bad loan in place of a better one.
My question to Ken has and will be. Have you done enough to support PP? He clearly states we've brought 50 players in, got our targets a lot of the time and had the highest budgets in League one. Miracle my backside.
In that case Ken when is it time to pull the plug on Parky. If you've given him a raw deal then show him some respect and take some blame as well as offering a decent pay off. If you've backed him as you say it's time to sack him. 50 players brought in, none sold from PP. None of value over £500k? The one player who may be Doidge doesn't get played instead it's 0 shots Donaldson.
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Post by Woppy the Italian on Dec 5, 2018 21:50:09 GMT
Mr Anderson. If you are bothered about 2000 missing supporters trust me. it will get worse. If bums on seats is what you want...sack Parkinson !! Fans will not pay to watch his mind numbing football. I shouldn`t leave it too long though, they might get used to staying away. Over to you Boss.
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