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Post by whitesince63 on Aug 8, 2019 16:48:48 GMT
You couldn’t make this farce up could you? Would not surprise me if Anderson has done this knowing it would cause future problems. He may even be behind the whole thing working in tandem with Bassini to frustrate the sales process. That may be rubbish because surely he may suffer financially if any deal collapses. Who knows, I’m tired of the whole affair now. Goodness knows how the poor employees, players and staff at the club are feeling? Just when you thought a resolution was near it’s snatched away again.
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Post by davidm on Aug 8, 2019 16:54:16 GMT
If this is the case DavidM then it's curtains for us, surely the game can't go ahead and the wrath of the EFL most certainly will deduct us even more points. Where did you hear that? I can't find any news regarding it on't'interweb Look at Jack Dearden's Twitter feed. It is reported in the Jewish Telegraph which tends to supply all Bassini news first.
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Post by davidm on Aug 8, 2019 17:00:41 GMT
Statement from Administrators:-
It is with a combination of outrage and disgust that I have to inform Bolton Wanderers fans that the deal to sell the club to Football Ventures has been temporarily suspended in the last hour.
Late this afternoon, we were informed by lawyers acting for Laurence Bassini that he had been awarded a court order attempting to prevent the sale of Burnden Leisure Limited, part of an action against a company owned by Ken Anderson.
It beggars belief that Mr Bassini, a man who publicly professed to care passionately for the club, has now, through his actions, threatened its very existence.
Despite a long and hugely complex process of negotiation, we were finally on the brink of completion this afternoon when Bassini’s order was served.
Our lawyers are now in conversation with Counsel in a bid to overturn the order immediately.
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Post by thegrud1 on Aug 8, 2019 17:03:24 GMT
I hold the admins totally responsible for this farce...its their job to know this stuff...they getting paid to do a job they clearly are not capable of doing and the longer it takes the more cash they get......everyone including them need investigating its all stinks
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Post by davidm on Aug 8, 2019 17:06:58 GMT
Gets worse:-
UPDATE from Jewish Telegraph:-
His Honour Judge Eyre will announce his decision on Wednesday.
Mr Bassini told the Jewish Telegraph: “My only desire all along has been to help Bolton. Now the truth can come out. I will be at the match on Saturday against Coventry City.”
So no takeover for a while now.
I just don't know if we can play on Saturday now!!
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Post by davidm on Aug 8, 2019 17:30:32 GMT
EFL have now commented:_
An EFL Spokesman said:
“We are aware of the terms of an Order granted earlier today in the High Court in Manchester in respect of Bolton Wanderers.
“The League is not a party to the proceedings and we are currently liaising with the Administrators of the Club to understand the full extent of any implications to the proposed transfer of assets.
“We are extremely frustrated by this late development with the deal so close to completion, and our focus must remain firmly on ensuring the long-term future of the football club.
“We will be making no further comment at this time.”
So they are going to do nothing!
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Post by thegrud1 on Aug 8, 2019 17:31:46 GMT
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Post by cadders on Aug 8, 2019 19:20:06 GMT
So reading the above Bassini must have gone to the court before this Wednesday to present his case,why wasn't any of this publicised as court hearings are not confidential? Why weren't the legal people representing the administrators not there to challenge his court order? Also, Basini said weeks ago that he was doing this so why didn't the administrators not get legal counsel at that time to make sure he hadnt got a case
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Post by OohMac on Aug 8, 2019 20:04:28 GMT
Bassini is a clown and may play a part in the full and final demise of the club(as we know it) im sure hes only wanting someone to pay him £100k to go away.
But at least hes not hidden behind NDAs and has said he will do something and actually done it. I laughed when i saw his papers getting dog turd on them as they flew over the park but a judge has granted this.
Can FV actually say they've done enough? Only they will know. Certainly seems lile their preferred bidder status was taken for granted.
The BN and MI have seriously given FV an easy ride. Only reporting no news and passing off no news as good news.
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Post by andyl on Aug 8, 2019 20:35:29 GMT
It occurs that if the court upholds the Bassini argument that KA signed a contract when we were solvent then technically we cannot have been in administration.? +12? Of course he would have to pay creditors 100%. So, not going to happen !!
The injunction will surely be overturned as he did not complete nor indeed offer 100% crediyor refunds to the administrators.
All of this said FV's promises to complete might just as well be written on the winds or rushing waters as an old poet once wrote of his mistress's words.
I sometimes think that property rather than football is the real driver of the deal?
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Post by kenglowhite on Aug 8, 2019 21:21:09 GMT
When I started this thread on July 12th it was because I believed that the land assets were at the crux of the bid. However I tended to the view that there would be safeguards for the football club with the land and property giving security and posssibly financial support to the purchasers sooner or later. That the London mafia has got involved only proves this point, and it is a good reason why the administrators jointly should have got on with completing the sale very nuch earlier. The firm dealing with the hotel seem to me to have been pulling the other way against the football admin, and we must ask questions on that in view of today's happenings. Regarding this case brought by Mr Bassini, it is obvious to me that he doesn't stand much chance of stopping the FV deal, though it looks likely to halt the Coventry game, unless Rubin and co can get it thrown out tomorrow. Knowing what hangs on all this it is inconceivable that the judge should need to hold things up until Wednesday. Which brings me to our position with the EFL. I cannot see how they can further penalise the football club in view of the reaction of Rubin and Co, and there is also a valid case for them to remit to us the 12 point penalty for the administration, when the ramifications and timings of Bassini/Anderson are perhaps examined under a microscope in the next few days. I believe it is time for us to hold our nerve in the sure hope that good lawyers and the truth will prevail, but it looks as if we won't be playing on Saturday.
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Post by OohMac on Aug 8, 2019 22:26:07 GMT
They said they wasnt selling tickets on the day, they havent sold a ticket and havent offered a single explanation as to why.
Doesnt this whole thing suit them. "We were just about to do the deal honest. Then we were going to sell season tickets, matchday tickets, get Coutinho on loan, sign Zaha and get Carrs Pasties for everyone....but then right at the lasy minute(just as he said he would) Bassini turns up. Rats! We're so cross...that will be £100k for the press release and another £900k for legal fees. We will leave no stone unturned. Ill have every Londoner working on it night and day"
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Post by Deleted on Aug 9, 2019 4:48:36 GMT
Question I tried to ask on the Ben can we function as a football club without ownership i.e. can we fulfill our fixtures, sign players and most importantly pay all people who need paying. Please someone answer this for me honestly as I'm thinking we could be liquidated yes or no. COYWM
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Post by whitesince63 on Aug 9, 2019 9:42:06 GMT
Who knows chip? The situation is so confused nobody can say for certain what’s happening. Speaking unprofessionally I would say no, we couldn’t function without an owner because the club is not self supporting financially and we wouldn’t meet EFL conditions. It’s pretty clear though, that the Bassini episode is an entirely fabricated situation to frustrate the process. If he was in possession of the contract he claims and he genuinely wanted to buy the club, why was it not presented to court much earlier? Is he really in cahoots with Anderson? Why did the Administrators not investigate Bassinis claim when he first broached it, instead of ignoring him? Why has the EFL not intervened to dismiss him as a credible owner? There are just so many anomalies here by supposedly intelligent, knowledgable and professional people and organisations. This whole saga from start to now opens more questions than anything about people’s competence and whatever happens needs a full investigation. For me the EFL are largely to blame for this, sanctioning Anderson as fit and proper and despite his previous misdemeanours, ignoring the fact he was doing exactly the same again. Shame on the lot of them.
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Post by kenglowhite on Aug 9, 2019 12:23:35 GMT
Mighty glad to be proved wong and the game goes on.Just got our tickets. Hope last year's car park voucher to the front carpark will work, and looking forward to seeing the new young team, albeit led by Parky. Wonder if The Jewish Telegraph will be covering the game?
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