by Ten Bobsworth »
16 Jan 2024 09:37
Vision windermereROYAL It`s over £84k now, how much does a statue cost for goodness sake?
According to the 10 Bob Bolton Bore we could buy our club for less than that.
What I actually said, maybe it went above your head, was that the BWFC Supporters Trust wanted to have preferred bidder status and managed to raise all of £50K in 2016 towards that end.
I think we can safely say that owner, Eddie Davies, knew that the ST was no more than a group of daydreaming amateurs and, despite other alleged offers, sold his shares to Anderson/Holdsworth for £1 with ED arranging/agreeing asset sales and loans and providing additional guarantees of limited funds to Ken Anderson to help get over the cash flow issues.
ED was tough and resourceful but as squeaky clean as any businessman you are ever likely to encounter so I found it interesting that he would have put any trust or faith in Ken Anderson with his previous reputation, but he did. It was a unique solution and it worked remarkably well for two years despite Anderson having to carry Dean Holdsworth as an obstructive and unaffordable passenger.
Anderson was, in effect, acting as Administrator without any of the legal protections or the remuneration that Admins get.
It seemed to me that KA was more experienced and considerably better value for money than the Admins that eventually came in. They tried to deny Anderson's entitlement to the security for the loan monies he had personally taken responsibility for.
It didn't work. KA always seemed to be one step ahead of them and, though they would have loved to have caught him out, they couldn't lay a glove on him. It seemed to annoy them. It seemed to annoy them a lot.
Could KA do a job for Reading? It seems like a long shot to me but somebody appears to have at least considered the idea.
Last edited by
Ten Bobsworth on 16 Jan 2024 10:53, edited 1 time in total.