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Flashheart
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« Reply #1920 on: Wednesday, November 25, 2015, 11:47:12 » |
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What do you mean?
No idea. |
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Power to people
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« Reply #1921 on: Tuesday, December 1, 2015, 13:13:40 » |
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Bolton and now Oldham not been able to pay their players on time this month, wonder how many more are struggling to play players
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Skinny Pete
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« Reply #1922 on: Tuesday, December 1, 2015, 13:19:20 » |
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Not surprised. Bolton are £172m in debt - can't understand how they keep going owing that amount. Any other business would have gone bust by now.
Yet, there's Man City just sold 13% of the club to the Chinese for £239m. Tis a mad world
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Batch
Not a Batch
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« Reply #1923 on: Tuesday, December 1, 2015, 13:22:13 » |
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Not surprised. Bolton are £172m in debt - can't understand how they keep going owing that amount. How much of that debt is real, and how much of it is owed back to the owners. Yes both liabilities, but I guess the pressure/structure to pay the owners back are far less than external business |
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horlock07
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Lives in Northern Bastard Outpost
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« Reply #1924 on: Tuesday, December 1, 2015, 14:00:49 » |
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How much of that debt is real, and how much of it is owed back to the owners.
Yes both liabilities, but I guess the pressure/structure to pay the owners back are far less than external business
According to Wakipedia... 'Bolton's debt is substantial, at £136.5m as at the end of the 2012–13 season, but £125m of this is owed to majority shareholder Eddie Davies, with only £11.5m due to external organisations. The debt has climbed rapidly from £29m at the start of the 2007–08 season when Gary Megson was installed as manager, who embarked upon a substantial spending spree in an attempt to prevent the club suffering relegation from the Premier League. In response to this rapid increase, the debt owed to Eddie Davies was renegotiated from short-term to long-term debt during the 2011–12 season, meaning the club would have 10 years from demand of repayment to satisfy the debt and any interest accumulated.'Not really sure what happened at Bolton, they have gone from what appeared to be a reasonably well run outfit to something like a smaller scale Leeds disaster.... |
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Skinny Pete
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« Reply #1925 on: Tuesday, December 1, 2015, 14:27:18 » |
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So, in 2 further seasons since those figures were released they have managed to increase their debt by another £36m.
With L1 also looming I'd say the correct financial outlook is . . .
They are fucked!
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pauld
Aaron Aardvark
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Absolute Calamity!
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« Reply #1926 on: Tuesday, December 1, 2015, 14:39:50 » |
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Not surprised. Bolton are £172m in debt
£185m according to the insolvency bloke brought in to sort it all out. http://www.bwfc.co.uk/news/article/an-update-from-trevor-birch-2816129.aspxBut the owner will write it all off if a buyer can be found. In the meantime, he's pulled the plug on further funding, hence the wages hiccup. He's doing an Andrew Black, basically |
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jayohaitchenn
Wielder of the BANHAMMER
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« Reply #1927 on: Tuesday, December 1, 2015, 14:40:51 » |
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I don't blame him.
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Tails
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Git facked
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« Reply #1928 on: Tuesday, December 1, 2015, 14:45:10 » |
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Wonder how Eckersley feels. May have been a smaller wage here but at least he'd get it on time! Well I'm speculating that Oldham offered more.... But I'd be surprised if they didn't.
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Summerof69
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« Reply #1929 on: Tuesday, December 1, 2015, 14:46:04 » |
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So, in 2 further seasons since those figures were released they have managed to increase their debt by another £36m.
With L1 also looming I'd say the correct financial outlook is . . .
They are fucked!
Funnily enough, you don't hear much from Phil Gartside lately... |
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Costanza
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« Reply #1930 on: Tuesday, December 1, 2015, 14:54:56 » |
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Funnily enough, you don't hear much from Phil Gartside lately...
Mostly because he's seriously ill. |
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jayohaitchenn
Wielder of the BANHAMMER
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« Reply #1931 on: Tuesday, December 1, 2015, 14:57:44 » |
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Is there a jovial illness then?
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Costanza
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« Reply #1932 on: Tuesday, December 1, 2015, 15:00:05 » |
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Is there a jovial illness then?
Yeah, what Sepp Blatter had. |
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bigbobjoylove
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« Reply #1933 on: Tuesday, December 1, 2015, 17:43:43 » |
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Bolton and now Oldham not been able to pay their players on time this month, wonder how many more are struggling to play players
And some on here still want STFC to show "ambition" i.e spending money you don't have ... |
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Skinny Pete
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« Reply #1934 on: Tuesday, December 1, 2015, 17:57:53 » |
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TBF, I think some want the club to spend money we do have - or at least, did.
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