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Bolton, Bury and Macclesfield to do one...

Discussion in 'Hull City' started by originallambrettaman, Sep 11, 2018.

  1. originallambrettaman

    originallambrettaman Mod Moderator
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    it looks like Bolton Wanderers will be put into administration at 10.00am today, automatically giving them a twelve point deduction and a long term transfer embargo.
     
    #1
  2. Mr G. Raff

    Mr G. Raff Active Member

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    That should help us in our anticipated battle for survival this season then
     
    #2
  3. originallambrettaman

    originallambrettaman Mod Moderator
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    I have of course seen this evening's Bolton News article and I am very disappointed that Stuart Wilson and Michael Henson of Blu Marble Capital Ltd have decided to reject my offer to repay the loan they originally made to the club through Sportshield Ltd and place the club in administration.

    The amount received by the club was £4m and l offered to repay this plus substantial interest. Unfortunately, this offer was rejected.

    As they come to understand and appreciate the consequences and repercussions of this action, l feel sure that they will live to regret their actions for what can only have been personal reasons as their actions do not make commercial sense.

    As l understand it they are currently taking legal action against their own lawyers in respect of a negligence claim on the original transaction with Sportshield Ltd and are expecting to receive substantial compensation from the lawyers' PI insurance and this may explain their actions.

    They will now need to fund the club administration going forward, which will take a minimum of three months and will automatically put the club in a two-year transfer embargo and a minimum immediate points deduction of 12 points.

    In my opinion, their actions will substantially reduce the value of the club in respect of any future sale and will make it far more difficult to find a future investor/buyer.

    I would like to take this opportunity to thank the three debenture holders who all agreed to make concessions in order to try and reach a settlement with Blu Marble, but unfortunately these were not accepted and they will all now play a major part in the administration discussions going forward.

    I will continue to do everything possible to help the club and have let the administrators know that l will do my best to assist them.

    Kind regards

    Ken
     
    #3
  4. Amin Yapusi

    Amin Yapusi Well-Known Member

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    Saw this. Shame, they started well enough to be safe already. More should be done to ensure unscrupulous ownership continues to be held responsible even after moving the club on.
     
    #4
  5. robingram02

    robingram02 Well-Known Member

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    Looks like them and Birmingham potentially being docked 12 points for ignoring ffp/transfer embargo means we may have a chance of staying up.
     
    #5
  6. City Man

    City Man Well-Known Member

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    Always disliked this club and their supporters since the 70s.

    Down, down, deeper and down.
     
    #6
    BlackAndAmberGambler likes this.
  7. THE EXCLUSIVE 10%

    THE EXCLUSIVE 10% Well-Known Member

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  8. originallambrettaman

    originallambrettaman Mod Moderator
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    Ken Anderson, the chairman.
     
    #8
  9. tigerscanada

    tigerscanada Well-Known Member

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    Barnsley (22nd) and Burton (23rd) were relegated with 41 points last season.
    6th place Derby had 75 points & made the playoffs.

    After 6 games so far, Bolton have 11 points = 1.833 pts/game.
    City have 4/6 = 0.666 pts/game.

    Extrapolated over 46 games at the same rate (rounded):
    Bolton final points : 84 pts (after 12 points deduction 72 pts)...SAFETY
    City final points: 31 pts.....RELEGATION fodder
     
    #9
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  10. over18and legal

    over18and legal Well-Known Member

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    Do you seriously think Bolton will get 84 points?
     
    #10

  11. tigerscanada

    tigerscanada Well-Known Member

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    I'd worry more about City only getting 31 pts.
     
    #11
  12. PLT

    PLT Well-Known Member

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    Is this still the fallout from their previous owner?
     
    #12
  13. originallambrettaman

    originallambrettaman Mod Moderator
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    please log in to view this image
     
    #13
  14. BlackAndAmberGambler

    BlackAndAmberGambler Well-Known Member

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    Got filled in by some of them under Boothferry Road bridge back in the 70's.

    ****s.
     
    #14
    BillyBobBallbag likes this.
  15. armchairfan

    armchairfan Well-Known Member

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    #15
  16. charon-the-ferryman

    charon-the-ferryman Well-Known Member

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    went to Burnden Park in the early 70s and there was a massive pitch brawl all over the pitch - went a couple of years later for some seconds, 12 of us went and I got filled in
     
    #16
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  17. BlackAndAmberGambler

    BlackAndAmberGambler Well-Known Member

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    I share your pain Charon.:emoticon-0146-punch
     
    #17
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  18. mistermc

    mistermc Active Member

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    common theme, I took a beating walking home down Boothferry Road in the late 80's, Car full stopped and jumped me near Costello.

    Bloomin' Trotters!!
     
    #18
  19. Mr Hatem

    Mr Hatem Well-Known Member

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    I say, are you chaps all football hooligans?
     
    #19
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  20. BlackAndAmberGambler

    BlackAndAmberGambler Well-Known Member

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    Same MO. A car stopped and 3 or 4 kids jumped out and smacked me.
     
    #20

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