CONFRIMED: Latest rumours Confrimed as Unconfrimed

[WestYorksRoyal]

£7bn?! where you getting that from? He was supposed to be worth less than £1bn when he bought us and he's been through two years of economic difficulties from China's pandemic lockdown and had assets frozen from a corruption investigation.

11 July this year the BBC has his net worth under £700m.

Dai net worth was reported as $2.6 billion. His sister is also equally as richest, she is supposedly one of the wealthiest women in the world. Also, dai owns alot of property, sold his Sydney house for 26 million dollars and owns a mansion opposite Buckingham palace worth approx £70 million. Supposedly

Given I referred to an article from less than 6 months on a reputable site giving his value at less than £700m, not buying that random undated, unsourced valuation.

BBC also historicallu reported that his sister signed over much of her wealth to him, and she sewms barely involved, so also not giving much credance or relevance to how much she's worth.

So far we've had people claiming our billionairw owner is worth amounts ranging from £650m rhrough $2.6bn to $7bn

Just sounds like a Trumpesque crock of shit.

Dellor just waded in on Twitter. "What's a £50k fine to someone worth £17 billion". He's tripled his value from $7bn in a few days.

[Sutekh]

Dai net worth was reported as $2.6 billion. His sister is also equally as richest, she is supposedly one of the wealthiest women in the world. Also, dai owns alot of property, sold his Sydney house for 26 million dollars and owns a mansion opposite Buckingham palace worth approx £70 million. Supposedly

Given I referred to an article from less than 6 months on a reputable site giving his value at less than £700m, not buying that random undated, unsourced valuation.

BBC also historicallu reported that his sister signed over much of her wealth to him, and she sewms barely involved, so also not giving much credance or relevance to how much she's worth.

So far we've had people claiming our billionairw owner is worth amounts ranging from £650m rhrough $2.6bn to $7bn

Just sounds like a Trumpesque crock of shit.

Dellor just waded in on Twitter. "What's a £50k fine to someone worth £17 billion". He's tripled his value from $7bn in a few days.

Tim got it wrong again, he's probably worth nearer £17.

[Snowflake Royal]

Dai net worth was reported as $2.6 billion. His sister is also equally as richest, she is supposedly one of the wealthiest women in the world. Also, dai owns alot of property, sold his Sydney house for 26 million dollars and owns a mansion opposite Buckingham palace worth approx £70 million. Supposedly

Given I referred to an article from less than 6 months on a reputable site giving his value at less than £700m, not buying that random undated, unsourced valuation.

BBC also historicallu reported that his sister signed over much of her wealth to him, and she sewms barely involved, so also not giving much credance or relevance to how much she's worth.

So far we've had people claiming our billionairw owner is worth amounts ranging from £650m rhrough $2.6bn to $7bn

Just sounds like a Trumpesque crock of shit.

Dellor just waded in on Twitter. "What's a £50k fine to someone worth £17 billion". He's tripled his value from $7bn in a few days.

He's so stupid it's painful.

[Ten Bobsworth]

The main straw clutching is that we're still going off rumours; no concrete evidence that it's off. When Genevra had a bid rejected previously, they told SSN. Who knows how other parties may react to the latest news. And tbh, maybe Dai has a point. In the past month we've gone from looking L2 guaranteed to a team who can stay up but also develop into a good side over 2 - 3 years. Green shoots of recovery for the new owner, but the risk is Dai tramples all over them again.

If I was advising on this deal, I'd be recommending contingent consideration terms. Say £20m up front, a further £5m if we stay up this season and a further £10m if we're back in the Championship within 3 years.

£20m plus contingent add-ons ? For what?

I'm not getting into arguments on what the club is worth. The Genevra bid is rumoured to be in the £25m - £30m ball park, so clearly they think it's worth that and their opinion is what matters most alongside that of Dai’s.

A lot of opinions are worth as much as last week's newspapers as are quite a lot of rumours.

Eddie Davies handed over Bolton for £1 after spending years trying to find a suitable buyer. At that time BWFC owned the Reebok Stadium, the integral 4*hotel, conference facilities, two training grounds, one of them Premiership standard and state of the art, and other land with development value around the stadium and around one of the two training grounds.

It avoided Administration for three years but only for three years. The company that owned Bolton Wanderers since 1895 is presently in the final stages of liquidation.

[tmesis]

£20m plus contingent add-ons ? For what?

I'm not getting into arguments on what the club is worth. The Genevra bid is rumoured to be in the £25m - £30m ball park, so clearly they think it's worth that and their opinion is what matters most alongside that of Dai’s.

A lot of opinions are worth as much as last week's newspapers as are quite a lot of rumours.

Eddie Davies handed over Bolton for £1 after spending years trying to find a suitable buyer. At that time BWFC owned the Reebok Stadium, the integral 4*hotel, conference facilities, two training grounds, one of them Premiership standard and state of the art, and other land with development value around the stadium and around one of the two training grounds.

It avoided Administration for three years but only for three years. The company that owned Bolton Wanderers since 1895 is presently in the final stages of liquidation.

Generally those £1 sales involve a fair chunk of debt pay-off, so it costs rather more than £1 to buy the club.

[Ten Bobsworth]

I'm not getting into arguments on what the club is worth. The Genevra bid is rumoured to be in the £25m - £30m ball park, so clearly they think it's worth that and their opinion is what matters most alongside that of Dai’s.

A lot of opinions are worth as much as last week's newspapers as are quite a lot of rumours.

Eddie Davies handed over Bolton for £1 after spending years trying to find a suitable buyer. At that time BWFC owned the Reebok Stadium, the integral 4*hotel, conference facilities, two training grounds, one of them Premiership standard and state of the art, and other land with development value around the stadium and around one of the two training grounds.

It avoided Administration for three years but only for three years. The company that owned Bolton Wanderers since 1895 is presently in the final stages of liquidation.

Generally those £1 sales involve a fair chunk of debt pay-off, so it costs rather more than £1 to buy the club.

[Ten Bobsworth]

A lot of opinions are worth as much as last week's newspapers as are quite a lot of rumours.

Eddie Davies handed over Bolton for £1 after spending years trying to find a suitable buyer. At that time BWFC owned the Reebok Stadium, the integral 4*hotel, conference facilities, two training grounds, one of them Premiership standard and state of the art, and other land with development value around the stadium and around one of the two training grounds.

It avoided Administration for three years but only for three years. The company that owned Bolton Wanderers since 1895 is presently in the final stages of liquidation.

Generally those £1 sales involve a fair chunk of debt pay-off, so it costs rather more than £1 to buy the club.

You are right that the devil is invariably in the detail. In this case the detail and the substance were persistently misrepresented by the local media out of what seemed to be a combination of ignorance and a long-standing prejudice against Eddie Davies and Phil Gartside.

Davies had always shunned the media until shortly before he retired when he struck up a friendship with a journo at the Financial Times also granting a quite interesting interview to the Isle of Man Examiner around the same time. Meanwhile Phil Gartside was always left to deal with the media. The relationship with the Bolton News was particularly bad and had been for years.

The Sports Shield consortium was the flimsiest of thin veils. It consisted of two recently formed companies with a total share capital of £2 with Holdsworth's sole contribution landing the club with another £4m of debt at an interest of 24%. Holdsworth was heralded by the local media (and fans) as the great saviour and after he had walked away with a large amount of money in return for his 50P 'investment' was later granted an honorary doctorate by the University of Bolton. You simply could not make it up.

[Ten Bobsworth]

Generally those £1 sales involve a fair chunk of debt pay-off, so it costs rather more than £1 to buy the club.

You are right that the devil is invariably in the detail. In this case the detail and the substance were persistently misrepresented by the local media out of what seemed to be a combination of ignorance and a long-standing prejudice against Eddie Davies and Phil Gartside.

Davies had always shunned the media until shortly before he retired when he struck up a friendship with a journo at the Financial Times also granting a quite interesting interview to the Isle of Man Examiner around the same time. Meanwhile Phil Gartside was always left to deal with the media. The relationship with the Bolton News was particularly bad and had been for years.

The Sports Shield consortium was the flimsiest of thin veils. It consisted of two recently formed companies with a total share capital of £2 with Holdsworth's sole contribution landing the club with another £4m of debt at an interest rate of 24% p.a. Holdsworth was heralded by the local media (and fans) as the great saviour and after he had walked away with a large amount of money in return for his 50P 'investment' was later granted an honorary doctorate by the University of Bolton. You simply could not make it up.

[Ten Bobsworth]

Sorry about the double post.

Perhaps the main point I would make is that Eddie Davies was desperate to get out whilst he was still alive and had a roof over his and Mrs Davies' head. Effectively he had crucially helped finance the takeover himself but he hadn't shaken off the shackles.

I have no reason to expect anything to come of it but I'm still intrigued to know how Ken Anderson's name came to be linked with Reading. Where did that come from?

[Snowflake Royal]

Why are people still banging on tediously about Bolton on a thread about our current takeover situation.

[PieEater]

I think the details are quite interesting around how lauded club saviours turn out to be shyters in it for themselves.

We're likely to see similiar.

Again.

[Snowflake Royal]

It's hardly news that prospective football club owners are in it for themselves.

They all are. Good or bad.

[WestYorksRoyal]

I'll take a shyster who will actually sell the fcuking club after it's all gone tits up over Dai.

[Snowflake Royal]

We're relatively insulated from the damage shysters can do for a while because we can't pay any fees until 2025, and the wage bill is goijg to be fairly restricted.

The stadium is about as protrotected as it can be.

[Ten Bobsworth]

It's hardly news that prospective football club owners are in it for themselves.

They all are. Good or bad.

It depends what you mean by 'in it for themselves'. The hope of making money from buying football clubs is an unrealistic prospect for all but a tiny minority but when there's summat going for nowt you can guarantee it will attract chancers like flies to a cowpat.

[Sutekh]

Please Mr Dai, go now. Sell the club and let some other poor bloke try and sort the mess.

[Franchise FC]

Given that the value he’s likely to get is small beer to him, he could save face by gifting it to someone, possibly with a couple of covenants to protect the football future.

He’d come out in the long term as a good guy

[Mid Sussex Royal]

Reading stuff on Twitter that Generva is back on, the delay was Dai changing lawyers and same bid is on the table...

[Elm Park Kid]

It's a Christmas miracle.

[WestYorksRoyal]

Wisdom of the Cat 1 academy questionable for a while. Sustainable in the Championship if you have a plan to produce 1st team players and sell on for a profit. Which we didn't.

Definitely not sustaniable in L1, but perhaps makes sense if you have an owner willing to fund it while you lay foundations for a higher level. Which we don't.