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..pushing £200m in debt apparently and players have not been paid with the club reported to be losing a Millon quid a month !!
Fook me ! the premier league is killing football really isn't it ?
If we stay up expect us to not be far away from paying 80k a week to some player , none of this money is going to help the clubs but straight in the pockets of agents and players..unless your a player for Bolton of course!
IMO This is a big worry for the likes of the Swans, imagine having to honor the contracts of some of our players in the Championship ? we wouldn't be rid of all of them, hope those relegation clauses have been put in .
Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back.
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Bolton fail to pay wages.. on 20:12 - Nov 30 with 1613 views
Gartside also said swansea shouldn't be allowed in the premier league because our stadium was too small and clubs should have a minium capacity of 26k. reebox has a capacity of 26k.
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Bolton fail to pay wages.. on 20:14 - Nov 30 with 1609 views
In the late 70s when at Uni in Manchester, I'd sometimes go up to Bolton just to see the tricks and antics of Frankie Worthington. One of footballs great entertainers with goals like this.
If you can fill the unforgiving minute.
With sixty seconds' worth of distance run,
Yours is the Earth and everything that's in it,
And - which is more - you'll be a Man, my son!
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Bolton fail to pay wages.. on 20:27 - Nov 30 with 1585 views
Bolton fail to pay wages.. on 20:14 - Nov 30 by monmouth
Whilst I agree, I would love to have seen the Britton-Pratley-Bodde hinge at its prime in the PL.
I think pratley would have done well with us in the prem league, had the energy levels for it, Bodde? just pure class so would have been a sensation,especially considering how many of our squad breezed the transition from lower to prem .
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Bolton fail to pay wages.. on 20:44 - Nov 30 with 1556 views
Bolton fail to pay wages.. on 20:44 - Nov 30 by monmouth
Weren't we after Davies and Danns at one time? And is that our Dobster on the bench?
Lokking at the 20 or so people at the ground shows how vital it is not getting on the slippery slope.
The ginger minger on the bench can see his career careering down the plughole too.
Amazing when you compare the careers of Players like like Pratley and Dorus Defries who left for greater things, to those of Rangel, Williams, Britton, and Dyer.
If you can fill the unforgiving minute.
With sixty seconds' worth of distance run,
Yours is the Earth and everything that's in it,
And - which is more - you'll be a Man, my son!
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Bolton fail to pay wages.. on 21:00 - Nov 30 with 1528 views
Bolton fail to pay wages.. on 18:57 - Nov 30 by Cooperman
Northampton Town are getting the odd mention... I heard on the news that they owe the council £10m. That's a bit more than £150k.
Guilty as charged. I did not look into it in detail. Just heard their manager after their last game. Anyway the £10m is owed to the council after the development of the stadium. They have their support however and the debt could be wiped out with th sale of land near the stadium. The fact still remains that unless they have a takeover they could go to the wall for a fraction of Wayne Rooney's weekly wage.
You have mission in life to hold out your hand,
To help the other guy out,
Help your fellow man.
Stan Ridgway
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Bolton fail to pay wages.. on 21:51 - Nov 30 with 1404 views
Anybody who knows anything about football must have noticed that Bolton have been on a downward spiral financially for many many years, back to when Allardyce was Manager. It's not a recent thing.
Swansea Indepenent Poster Of The Year 2021. Dr P / Mart66 / Roathie / Parlay / E20/ Duffle was 2nd, but he is deluded and thinks in his little twisted brain that he won. Poor sod. We let him win this year, as he has cried for a whole year. His 14 usernames, bless his cotton socks.
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Bolton fail to pay wages.. on 01:22 - Dec 1 with 1350 views
Bolton fail to pay wages.. on 20:19 - Nov 30 by Clinton
In the late 70s when at Uni in Manchester, I'd sometimes go up to Bolton just to see the tricks and antics of Frankie Worthington. One of footballs great entertainers with goals like this.
Fair play forgotten that goal, that centre half just melts away as he realises Frank lobs the ball back over him, great thinking lovely finish very very smart goal
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Bolton fail to pay wages.. on 03:06 - Dec 1 with 1333 views
Was talking with a Bolton fan few days ago and he reckoned chasing the dream has caused this and then paying players millions 2 or three seasons after dropping to the Championship......similar story to Pompey's story!
Cardiff are in a position that is undeniably in the same mold. As long as Tan stays there are funds them, they'll be ok.........until they get promoted!
Careful what you wish for 😉
Swansea City-Officially the best football team in Wales-FACT
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Bolton fail to pay wages.. on 13:28 - Dec 1 with 1214 views
The thread and comments made me think about 2 things:
1. Debt funding verses Equity Funding
Even with a generous benefactor such as Eddie Davies of Bolton - because he has provided debt funding to the club - can at any time sell all the assets of the club to repay his loans.
Our model is currently an Equity funding model - so shareholders can only take money out of the club through (a) dividend and then only if there club is making distributable profits; or (b) decide to wind the club and sell the assets of the club (less liabilities outstanding) through capital distribution - which Trust, Supporters, Local Community would not allow.
2. If our current form continues would we want to take on debt of say £20m to £30m to buy a couple of strikers and a winger in Jan-16 transfer window to guarantee PL survival? New players might not come off, we still get relegated and then have £20m to £30m of debt - which probably would not allow us to mount a promotion challenge back to the PL.
Burnley seem to be well managed and are challenging for promotion this season and appeared not to extend themselves when they were in relegation battle last year.
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Bolton fail to pay wages.. on 13:47 - Dec 1 with 1198 views
Bolton fail to pay wages.. on 13:28 - Dec 1 by Nookiejack
The thread and comments made me think about 2 things:
1. Debt funding verses Equity Funding
Even with a generous benefactor such as Eddie Davies of Bolton - because he has provided debt funding to the club - can at any time sell all the assets of the club to repay his loans.
Our model is currently an Equity funding model - so shareholders can only take money out of the club through (a) dividend and then only if there club is making distributable profits; or (b) decide to wind the club and sell the assets of the club (less liabilities outstanding) through capital distribution - which Trust, Supporters, Local Community would not allow.
2. If our current form continues would we want to take on debt of say £20m to £30m to buy a couple of strikers and a winger in Jan-16 transfer window to guarantee PL survival? New players might not come off, we still get relegated and then have £20m to £30m of debt - which probably would not allow us to mount a promotion challenge back to the PL.
Burnley seem to be well managed and are challenging for promotion this season and appeared not to extend themselves when they were in relegation battle last year.
Not for me. Raise debt if at all for long term assets only, not day to day working capital of player wages and transfers. That way lies doom in my view.
Bolton fail to pay wages.. on 13:47 - Dec 1 by monmouth
Not for me. Raise debt if at all for long term assets only, not day to day working capital of player wages and transfers. That way lies doom in my view.
Amen. Far more likely to come back up if we aren't shackled.
Bolton fail to pay wages.. on 13:28 - Dec 1 by Nookiejack
The thread and comments made me think about 2 things:
1. Debt funding verses Equity Funding
Even with a generous benefactor such as Eddie Davies of Bolton - because he has provided debt funding to the club - can at any time sell all the assets of the club to repay his loans.
Our model is currently an Equity funding model - so shareholders can only take money out of the club through (a) dividend and then only if there club is making distributable profits; or (b) decide to wind the club and sell the assets of the club (less liabilities outstanding) through capital distribution - which Trust, Supporters, Local Community would not allow.
2. If our current form continues would we want to take on debt of say £20m to £30m to buy a couple of strikers and a winger in Jan-16 transfer window to guarantee PL survival? New players might not come off, we still get relegated and then have £20m to £30m of debt - which probably would not allow us to mount a promotion challenge back to the PL.
Burnley seem to be well managed and are challenging for promotion this season and appeared not to extend themselves when they were in relegation battle last year.
I think you missed an important point. Their assets, if sold, would come nowhere near 170 million. They would be insolvent if Davies decided to call in the debt.
If you can fill the unforgiving minute.
With sixty seconds' worth of distance run,
Yours is the Earth and everything that's in it,
And - which is more - you'll be a Man, my son!
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Bolton fail to pay wages.. on 14:16 - Dec 1 with 1182 views
Bolton fail to pay wages.. on 13:47 - Dec 1 by monmouth
Not for me. Raise debt if at all for long term assets only, not day to day working capital of player wages and transfers. That way lies doom in my view.
Absolutely, as a CFO of a organisation making marginal profit based on a high degree of risk I wouldnt advocate anything else.
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