Are there 4 parties? Sounds like more delaying tactics to me.

'Last week, Davies entered into direct discussions with oil and property magnate Roger Tamraz but was not able to complete the deal.'

I didn't see that part until just now.

I can exclusively reveal eddie davies procedure in choosing which of the 4 parties will take over the club https://m.youtube.com/watch?v=WNcrlCKXPqs

We might have known it wouldn't be simple. After all the time Ed and Terry have had to suss things out, they have either made a right ball$ of it or Terry is dancing to the tune of ED and playing games.

What happens on Monday is now very critical.

I'm all set for a surprise on and off the pitch today.

http://www.dailymail.co.uk/sport/football/article-3453366/Bolton-chiefs-remain-hopeful-completing-takeover-threat-liquidation-looming-large-Championship-strugglers.html

Roger says he is the only credible bidder .

I think that is possibly right but we don't know what kind of conditions both Eddie Davies and Roger Tamraz are insisting on. One point we do know is that Eddie Davies doesn't want a shared purchase agreement. What Roger wants hasn't been published apart from the fact he wants to buy the club.

I would have thought that Trevor and Ed would have known the bases of Deano's bid before they gave him preferred bidder status. If they didn't that is extremely poor on their behalf, unless of course Deano changed the rules of engagement after receiving preferred bidder status.

I wonder if Disley does have a part in this scenario.

Should have read basis.

For anyone who didn't listen to Tower FM just before the game, the commentators were saying something was going to come out this coming week regarding the club. They wouldn't say what it was as they had been told in confidence but they alluded to it being very bad news.

We will just have to wait and see if anything does actually appear in the press but nothing would surprise me after what has gone on recently.

Eddie has been dragging his feet for far too long. He knew he was going to withdraw his support, why on earth didn't he try and move the sale of the club on at a faster pace.

Here we are now, in court tomorrow and could possible we wound up. If we are, what happen next? I for one have no idea.

Some people

Deano rang me not so long ago asking to borrow some money. I asked what for and he said he was taking a bath and somebody pulled the plug and he wants some money.
I said what you want money for more hot water.
He said no the money was for a new book as he'd dropped Sam's book in the bath but wanted to know who had told me about the hot water he was in.

Very good pasty.

Sometime tomorrow afternoon we will know just what we are facing. Armageddon, a stay of execution or will Eddie or perhaps another bidder be able to come up with the goods? The last two options are most unlikely. A stay of execution isn't at all likely, we have to have an extremely good case to be grated a second temporary reprieve. So it's looking like Armageddon.

The life boat, Administration has sailed and it's not for returning to port.

With Eddie now demanding a percentage of future profits and a cut of TV and sponsorship deals from any new owner, The best option would be Administration. With the court hearing on Monday, I am not sure if that option is still available.
If a winding up order is made, would we still be allowed to pay the tax owing, and then the order be rescinded?
I just hope these new demands are the things being discussed on the radio yesterday.

Its not been in eds interest to go into administration even though I think it has been in the best interests of the club to do so. It will all come out in the wash.

Ed has full control at the moment, he can sell, he can pay more money into the club, he could take it off the market. But once a winding up order is made then its out of his hands, unless HMRC is paid.

I wouldn't name a tuurd after him.

Ed is only the person nominated to represent the Moonshift investors and the Family Trust these are the major creditors.
The club could apply to go voluntarily at court but the costs of this would incur more debt for the club based on the present books the judge would choose the Kenwood Liquidator in most such cases.
Wait for the box of tricks to be wheeled out and the joker which will ensure an adjournment you know from It's A Knockout to save your joker and use it when you know it will result in a winning round for you (insert a Bruno laugh here)

It's no wonder Roger's bid couldn't go ahead. They weren't daft enough. Deano seems to be out at the moment and I can't see anyone else being interested under the terms that Davies wants.

If Deano does go for it. I can't see the club surviving. We aren't going into the Premiership, the odds are that we are going in the other direction. So TV rights would be minimal. Depending on what share Davies wants and what share of the profits, there would probably not be enough money to keep the club running never mind bringing in new players.

It rather looks as though he's led all the bidders down the path and then thrown these clauses into the melting pot at the last minute.

If that's the case, Shame on him. It was only last week he made a statement on the future of the club. This is what was reported in the Bolton News

Davies said in a rare public appearance last week that the club “will survive” to honor the legacy of former chairman Phil Gartside, who passed away last week.

He obviously forgot to mention how that goal was to be achieved and in what capacity..

goal is to be achieved in the usual way....brown envelopes

We will see if brown envelopes have any effect later today. I suspect it really could be Armageddon day.

Goodness knows what will happen if it is. Hopefully someone will be able to resurrect the club.

Step forward Mr. Nixon's mysterious bidder.

Good to see Marc making use of this forum as he makes reference to the FA letter from the On The Town thread up top.

BOLTON Wanderers are aiming to avoid a winding-up order at the High Court today by naming Dean Holdsworth’s Sports Shield as the group set to take control of the club.

Last night the finishing touches were being put to legal work that will pave the way for the former footballer to take the reins at the Macron Stadium from Eddie Davies, subject to approval from the Football League in a £20 million deal.

That will provide the basis of the argument for Wanderers as they look to fend off a request from HMRC to liquidate them over an unpaid £3 million tax and VAT bill.

Wanderers will request a short-term adjournment to enable them to complete the takeover, but there are no plans at present to pay the debt before the hearing, despite cash being raised recently with the sale of the training ground, car park land and offices at the Macron.

The club were preparing to go into voluntary administration before this morning’s hearing if they felt the agreement with Sports Shield had not advanced sufficiently.

But though sources at the Macron were ruling out that possibility last night as contracts were exchanged and a share purchase agreement mooted, they did not rule out the possibility a shorter adjournment could be called to enable the club to file for administration.

The Bolton News has learned this morning that steps have been taken by the club's existing board in preparation for administration.

But Sports Shield remain confident a deal will be done. Mr Holdsworth and his recommended board must still pass the relevant checks from the league, as must his business plan to fund the Whites for the next 12 months.

Mr Davies demanded further proof from Mr Holdsworth that he can foot the bills for up to five years with his current business plan before he would wipe out about £185 million of loans accrued in his 13 years as owner.

The fee up front is around £7.5 million, which clears director and shareholder loans secured against club assets, plus outstanding wages.

The majority of the money that has been locked in by Sports Shield comes in the form of future funds – with lifelong supporter Mr Davies keen to ensure the club’s short-term future was secured.

The Isle of Man businessman has nevertheless found his legacy tarnished somewhat in the past few months as staff and players at the club went without pay and the lack of funds available to manager Neil Lennon became painfully evident on the pitch.

As financial details continue to emerge, the sheer scale of the money haemorrhaged by the club continues to provide shocking reading, which illustrates the size of the challenge now facing Mr Holdsworth and his group.

Losing £1 million a month, Wanderers currently spend £10 million a year on player wages and the same amount again on non-playing staff, services and so-called corporate costs.

The Bolton News has learned that Mr Davies will continue to gain an income even after his departure via fixed payments from TV and central Football League funding for every season Wanderers spend in the Championship or Premier League for the next five years.

Another term of the deal will guarantee the Isle of Man-based owner his place in the directors’ box and use of a suite, which is to be renamed after him, in the future.
__________________________________________

I wonder if they will go for a short adjournment or a long one?

Well it was all true about Ed wanting some brass out of the deal. He also wants his place in the directors’ box and use of a suite, which is to be renamed after him, in the future.