philipl

If you look at number 5 on that list, you can probably see the Venky's strategy.

Sheffield United v Sunderland if only both results had been reversed...

Stewart Day rightly gets completely trashed by the Financial Times this morning. https://www.ft.com/content/5f185398-c9a6-11e9-a1f4-3669401ba76f?segmentId=a7371401-027d-d8bf-8a7f-2a746e767d56

Seen the highlights. Horribly let down by two goal keeper foul ups and a penalty kick as bad as they come.

A huge amount of inaccurate stuff about Rovers on this thread. I wish fans would have taken as much interest in 2011 and 2012. Glad Gigg Lane is covenanted which leaves me wondering what the heck Blackburn lad Stewart Day ever thought he was doing there.

Bolton administration suspending winding up. Staff jobs safe for time being.

At face value... Stewart Day had sold the stadium which has a debt on it of around £3.7m. The interest charged, eye watering. He had sold car parking spaces, around 250 of them, at £10,000 a pop. Without a deal to settle these liabilities there was no hope. So that’s £6.2m A tweet from Andy Holt who was helping C&N due diligence into Bury. Blackburnian Day is emerging as the true villain in this story it would appear.

From the stats we totally bossed that one. Shame stupid mistakes let us down so badly. As the BBC wrote about their goals "Poor from Blackburn"

The problem with this is that what should be our regular back 4 are being taken apart by a bunch of reserves.

Well, a number of players are making a determined bid to be excluded from any future 18.

And Armstrong cannot score

Rovers penalty won by Dack

Sheff U ten changes but still a formidable line-up.

Statement by C&N, the frustrated bidders for Bury. In other words, Bury is an unmitigated disastrous mess which nobody could disentangle sensibly. It seems as though all kinds of additional problems surfaced in the closing due diligence.

David Conn BREAKING: Bury FC Crisis: The proposed purchase by C & N Sporting Risk is OFF; owner Steve Dale was given until 5pm today for it to complete or the club would be expelled from the Football League, so this really could be the end.

Anyone's guess. There are undoubtedly poison pills in the equation otherwise the Administrator would have cleared previous ownerships out of the picture by now. Chances of a deal have gone from close to zero to around 50% for any rescue. FV remain in the driving seat but there is clearly something in the deal which is beyond their pain threshhold or otherwise they would have done the deal by now. If the new bidder prevails, the League are going to have to extend their deadline because there is no way the paperwork can be read through, checked and executed in a day no matter how well prepared they are. Inevitably with the level of complexities involved the two deals on offer will not be carbon copies with different names on the top. A lot of people will be trying to compare apples and pears at the moment. If one deal is obviously the better, then the person offering that deal is over paying.

The administrator said only one bidder met all the requirements. That was then, this is now. Administrator is legally obliged to talk to everyone who shows interest. They usually deter tire kickers by charging a fee- typically a few thousands- to give access to the sale prospectus.

New bidders are alleged to have shown proof of funds of £33m. As I keep explaining, they will have done 99% of the necessary work in private IF they are serious. I saw a £55bn corporate take over hijacked in a week by similar means. The fact all is currently quiet at both clubs means serious talking is happening.

Money is money. Why take on a £7m obligation when with extreme brinkmanship you can probably duck it? The Administrator's announcements at the weekend were clearly dancing to the Football Ventures' tune. This latest one is much more neutral. As for the second bidder. If they are for real, they will have done a huge amount of work thus far but again will only be showing their hand at the 59th minute of the 11th hour when all else is exhausted.

Appears another bidder with proof of £33m has come in for Bolton. With two bidding the future for Bolton looks a lot brighter. Bury on the other hand...

See the David Conn article I posted on page 19 of this thread. Bury are not in administration but in Creditors' Voluntary Arrangement which makes unhooking that mortgage with an effective interest rate of 138% a killer.

I cannot find the link but I read somewhere they could apply at sixth tier level. No guarantee they would be admitted- it would be by vote of National Leagues' member clubs. Failing that, it would be at the very bottom as you say.

If they play for either club, and they'd played for Rovers, they could not be loaned out again this season. If they hadn't already played professionally for Rovers they would face the choice of either Rovers or another loan but could not do both. All academic now anyway.

We have two suspensions from the Under 23s game v Wolves as well. A bit provocative putting us in Sheffield Wednesday stripes!

Deadline day. Killer issues - Bury has that horrific mortgage over Gigg Lane. Nobody will touch that. - Bolton has the problem of having an associated asset of value in the hotel which in these circumstances is a horrible complicating factor for getting a deal done for a football club. Plus the scrap between the Davies Estate and Ken Anderson over a £7 million debt is another massive complication. An incoming owner has to decide whether certain relegation this season (and all the supporter animosity that comes with that) and a few million wasted on legacy issues is less attractive than picking up the pieces from a liquidation and starting afresh in National League North next season. I suspect the latter is more appealing as there is zero legacy and they would be building their cost base under their own control from zero rather than inheriting God knows what. As you can tell, I will be surprised if either club is still with us by the end of September. So I repeat, what are Rovers doing to expand our supporter base into the resulting voids?