The news in brief for those easily bored reading the BeaNo

Dean is still saving up and trying to borrow the remaining money required so has not yet bought a new key ring to hang the keys to the club and executive loo on
The loan transfer window fax machine remains unplugged and locked in a strong box
The SS paper recycling bins are overflowing due to constant revisions of business plans

Neil Bonnar submitted the full report above. Marc Iles was off shopping he was last seen ordering a record in HMV does this relate to issues at BWFC or the change in voting at Eurovision is unclear can you shed any light on it. What would Marc be doing ordering a copy of The Land of Make Belief by Bucks Fizz ?

Don’t forget it’s half day closing in many areas including the FL where it is half day every day.

It was always going to be a mess once we found out Eddie still wanted his snout stuck firmly in the trough.

Who was it who said he was writing off the debt? we know the money from the sale of Euxton is only going in one direction and that's Eddie's bank account.

Eddie and Gartside have caused the problems of the club and it would seem that Eddie might just scupper the sale of the club.

It's been reported that Eddie has been trying to find a buyer for the club who will do the best for the club. The Beano has that completely wrong. Eddie has been trying to find a buyer who will do the best for Eddie. Shame on him. Lies, Lies and more Lies.

No wonder it's taken so long to find a buyer who will pander to his needs.

He should sell the club as a complete package without any further involvement from himself and no clauses of further remuneration from the club.

And for me nothing named after him. Yes he pumped a lot of money into the club but he has also decimated the club to the level of where the club can still be liquidated next Monday. Unless he changes the rules of engagement or there is another unlikely solution it's either administration or be wound up. It's unlikely the Eddie will now take his nose out of the trough.

Did somebody remember to leave the east side emergency exit door of the office block unlocked at the Macron for the ST
They may not have buckets full of money but they have investors climbing over each other to join them from the local area all willing and able to throw millions into the BWFC wishing well.
They have synchronised their watches in preparation with the Beano sports desk atom clock. All set for the adverts during Fridays news at 10 for the covert takeover perfect timing to allow travel to London feed the ducks in Green Park and be in court on time after handing over a bag of cash to the taxman over an early Monday morning breakfast.
Oh and don't forget the fax in the back pocket to wave indicating league confirmation of the embargo lifting.

Any spare change from the trip to court I hope somebody spots Dean loitering around a tube station he'll be out there asking for the price of a cup of tea go on let him have a drink on us. It's tuff on these start up company's for a pound you can start a business with no stake money behind you very few make it in the big wide world.

I can't see where we are heading except a disaster.

I'm really pi$$ed off with Davies's attempt to hijack cash on his way out of the door.

Still we should have known what he is, all the small private shareholders got sweet FA when he forced the sale of shares of other large shareholders. Some of them losing thousands in the process.

Not the man many thought he was.

There is something seriously wrong with this whole process. The turnover of BWFC is in the region of £30m, i.e. a medium size company, due diligence on a company of this size should not take more than 3-4 weeks and here we are over 6 months on and still no resolution. This can only be down to the Sportsshield team not being able to find out where the money and debt are.
The other side is that serious buyers with available funds just do the deal and we would read about it in the papers the next day - they don't have to spend months trying to demonstrate that they have the funds.
Another issue is the selling price ~£7.5 million. To some of the Asian and Russians trying to get into football this is pocket money so why has no one come forward to buy a club with one of the best grounds in the country , great training facilities and a revenue generating hotel. It can only be down to the way Eddie Davies wants the deal structuring.
For all the good Eddie Davies has done for the club it is all about to unravel

Don't forget Dean is trying to do a deal when he doesn't have money to support doing a deal the only person willing to underwrite him is Ed which says a lot in itself.

I've been playing the cautious approach and sending out plenty of warnings all along. I still see no sign of a viable deal I'm still waiting for the courts to do what they should have done at the start only when in admin can we watch the real fight to see who gets what of the leftovers.

You do know Soap ran for 4 seasons so we have a long way to go yet.

The only reason Deano has been given the chance to try and complete the takeover is that no other bidder with the possible exception of the ST, who cant do a deal in any event, is that no other bidder is daft enough to conform to greedy Ed's conditions.

Who on earth, excepting Dean Holdsworth, would want Davies hanging on waiting for payments from the TV rights and any possible profits? The billionaire didn't bite his hand off. I wonder why.

He's already taken the cash from the car park deal and the proceeds for selling Euxton. He should now dissapear up his own aris.

Just flicking through twitter and notice Nixon tweet, states

'Bolton. Spoken to three interested parties in last few days. All said same. Keen if goes into admin. But won't do deal on Davies terms ...'

Some of which the names have not been mentioned before...



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Now we know Nixon is making it up anybody interested in purchasing any assets from a court appointed administrator will stay mum until they know what's left that's if there is anything left worth looking at invitations to to make an offer would go out to view. It will be after the full extent of the creditors list and assets are known. What Nixon should have said is there loads of people going to interested in picking over the bones once it is known how many bones there are left with any tiny bits of meat on.
Based on the current accounts substantial debts and obligations I do not believe the club could afford the costs of being placed into administration leaving liquidation as the only option open to the court. Will the creditors who wish to stake a claim please form an orderly queue behind the taxman who will be served first Ed will be second. The ST last to pick up any bits one pound ten shillings and sixpence should seal it for them.

Be careful Ed may still have an unused get out of jail card if he sells or swaps that with Dean he will have sewn up a nice deal for himself leaving Dean stood in the middle of a minefield with a blindfold on. Should this happen We'll meet again should be sung by everybody in attendance when the court hearing closes. Since Ed is often quoted as being a very shrewd and hard businessman I'll have ten bob on this.

I still cant understand how Ed would be a major creditor.
You buy a car then spend loads on it over the years and then sell it. Will only get back what someone is willing to pay for it. You cant then go on and keep asking for more because the car owes you.

It's easy BWFC the football club owe Moonshaft inc over 180m as Ed is a player in Moonshaft inc and spokesperson for them the media and everybody else are in the habit of saying its Ed we owe the money too. In truth the football club owe mucho pesos to Moonshaft inc and Frillydraws Trust which they borrowed from them in various forms. These loans are secured against the assets of the football club so any money raised from sales would go to the taxman first and these overseas loan companies next in line as they are owed the greater sums and have lodged loan contracts the remainder form a queue.

The other info of Moonshaft inc and FrillyDraws Trust agreeing to write of a large amount is a separate business decision made by those two businesses provided the t&c's of any sale meet with their own boards approval.

You know how the media like to mix it up. Like Phil Brown coming I've not seen mention of where the amount of well over a million pounds would come from to make this happen when we know we wouldn't have it based on what we know today. Blame Marc not me !.

Based on all the above Ed could well up owning much or allowing it to be sold and taking the money leaving the club with nowt. A new club might be able to rent a home using the current facilities that's if they are not sold to a neighbour of Ed's on the IOM who just happens to be a property tycoon.

I wouldn't put anything past him. Won't be long now. What are we going to do with our spare time? The Wanderers have been a part of my life for over sixty years now. I even had a girlfriend who finished with me because I kept going on about the Wanderers. Her loss.

I've still got my ten bob on that get out of jail card in Ed's back pocket and a blindfold for Dean.

Just in case the bet fails I have a plan B now I know you are not used to seeing such a thing as a plan B. I'm going to set up a diving school and buy one of them remotely operated gadgets they use to search underwater for wrecks and things.
Nobody has yet found the sunken treasure chest containing those special magic paper shares in BWFC once found I shall return and takeover as the value of them now will surely be more than the club is worth today I expect a statue I have no idea of what as yet there are so many choices.

a statue of paper made from paper?

Question. What is a plan B?

I really can't see Eddie getting another stay of execution. These judges aren't entirely stupid.

If Ed removed the clause he has in the takeover agreement, the deal could possibly go through. Will
he? I doubt it.

I don't know about anyone else but I'm finding it quite wearing logging on each morning and seeing the latest news. I'm also thinking admin is the best choice so the club can be totally free of davies then they can stick his suite right up where the sun don't shine.

The special word is back in at the BeaNo.

If things were being done properly the FL would issue its refusal to ratify the takeover leaving the court to finish us off but this is football the FL will probably waffle they won't want to be seen as playing a part in our final breath it will leave the court to do what it should have done already. I think we could be at least another two months away from knowing anything definate for what's left of the football club.
Roll on L2 if a billionaire doesn't step forward.

Benny admin is on the cards. the latest from the Beano follows.
BOLTON Wanderers Supporters’ Trust were last night demanding answers of the Sports Shield consortium as the club’s ownership battle continued to hang in the balance.

Dean Holdsworth’s group were still working hard to have their bid ratified by the Football League yesterday, reporting some progress after the league had highlighted a number of potential problems with their bid earlier in the week.

It is understood some of the issues pertain to bonus payments owed to outgoing owner Eddie Davies in the next five years, including a £500,000 fee at the end of the current season.

Others relate to the business plan put forward by Sports Shield, with the league particularly keen to ensure funds are in place to cope with the possibility of relegation to League One.

If the bid is rejected at this point, with a High Court date just five days away, the league is fully aware that one of its founder members is primed to go into administration.

Things took an interesting twist yesterday as the trust went public with a series of questions of their own, requesting more clarity on the consortium’s plans.

Holdsworth has previously defended the right to protect his investors’ privacy and is likely to be facing similar scrutiny as part of the league’s owners and directors’ test.

The trust outlined 27 different questions, and defended their decision to do so on behalf of the club’s supporters.

“In asking these questions we wish to highlight the potential risks that the club might face, not only to relegation to League One this year, but ensuring that the issue of stability is at the forefront of plans now. It would be wrong of us to blindly hope for the best.”

If the league reject Sports Shield’s takeover The Bolton News understands that Wanderers have already made provisions for administration, which will include the appointment of top business advisors BDO-UK as potential administrators.

Under Football League rules, the trust would be given 28 days before a period of exclusivity could be granted to any other party – which would leave them in pole position to buy the club if Sports Shield’s bid collapses.

For a full list of the trust's questions and their statement, click here.

I'll post the questions from the ST under this post.

Who are the individuals behind the corporate vehicles being used to bid for the club? What is their background and track record in both football and business? What are their motivations in investing in the buy-out of the club?
What is the source of funds for these individuals and corporate vehicles? How much debt, both corporate and personal, is being used to finance their investment? How are the club assets or shares in the football club being used to provide security against these borrowings?
Is the financing available, unconditionally, on day one or is the financing staged over time? If it is staged financing, what is the time frame envisaged and is future funding conditional or unconditional? If it is conditional, what are those conditions? If future funding is to come from third parties not presently included in the takeover how are new partners to be considered?
Do any investors have preferred terms such as exit-rights, debt to equity conversion rights, control-rights, priority charges over cash flows, enhanced voting rights, or rights to fire the board?
Recognising the extent of the financial support already in place at BWFC, what is the status and intentions regarding any current loans to be left in the club at sale?
How is the business and any proposed turnaround-plan to be financed? What assumptions underpin that business plan? How will club assets be used to provide security over future financing?
How will the club reorganise finances should it be relegated to League One at the end of this season? How will players’ contracts be handled to ensure compliance with the League One salary cap rules and what will be the cost of doing this? Do the funding arrangements of individual and corporate investors either allow for this or have special conditions if the club is relegated and remains in the lower divisions for one or more seasons? If administration is to be avoided this season what assurances can be given in respect of prevention of a future administration in the context of a potentially decreased income stream in 2016-17?
Who are the individuals to be on the Board and Executive Management Team? What is their experience in managing stressed businesses? How long will the turnaround to Break-even take and how much funding is needed to achieve this? Will this funding be from equity or debt? How much asset sales are envisaged in doing this and what assets are at risk? Have any business plans assessed what level of employee restructure will be required? How much will need to be paid out to players, management, back-room staff, and current directors as severance compensation? How will the new board deal with existing contractual obligations to agents?
In asking these questions we wish to highlight the potential risks that the club might face, not only to relegation to League One this year, but ensuring that the issue of stability is at the forefront of plans now. It would be wrong of us to blindly hope for the best.

Finally, we ask the Club to give the supporters and local community some comfort that plans are in place to circumvent HMRC being successful in obtaining a court order to wind up the Club. After nearly four months of uncertainty we require answers in order that our club is saved and restored to a stable footing.

I see Eddie is also demanding £500,000 in fees at the end of the season. That will be Trevor's fee and the useless one brought in to sell our players for good money. The only people making good money are those two.

It just get's worse and Eddie the cretin wants a suite naming after him.

Round about April they start collecting the season money for next season. Who in their right mind is going to renew under the current circumstances?

There will always be die hard supporters but I wouldn't think there will be many of them.

Who wrote that and who were they talking too ? Dean has not bought the club nor has he finished formulating a business plan which passes the FL criteria. Ed doesn't deal with minnow or upstarts so it looks like they wasted their breath.

Back to school to prepare them for life in the real world for the lot of them until they learn to say it properly in a polite and proper manner.

I'm Out and staying out with my piggy bank.

Anything can happen, the last judge stated that all debts and HMRC had to be settled by 7th, so even if this sale was ratified by FL, the debts still have to be sorted or we can still be wound up on Monday by the courts

And why are the Trust demanding answers now? Just because they have a bank account now and about £9k in it from members?