Bolton Debts At £163.8

Discussion in 'Bulletin Board ARCHIVE' started by DusThaNoIII, Dec 31, 2013.

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  1. DusThaNoIII

    DusThaNoIII Well-Known Member

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    DusThaNoIII, Dec 31, 2013
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  2. Gally

    Gally Administrator Staff Member Admin

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    Wow! Financial fair play working well I see

    Sent from my SM-N9005 using Tapatalk
     
    Gally, Dec 31, 2013
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  3. BorderTerrier

    BorderTerrier Active Member

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    And Gartside lying thro his teeth saying it's because of relegation. They were making huge losses in the Premier League as well, it's just continued to spiral to a ridiculous amount now.

    I bet they are hoping Eddie Green doesn't get fed up and walk away.
     
    BorderTerrier, Dec 31, 2013
    #3
  4. Terry Nutkins

    Terry Nutkins Well-Known Member

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    This in itself is a great example of how football has eaten itself. When clubs are losing vasts amounts of money but still pay their players 20-40k per week then I'm sorry, but my love for the game is decreasing on a daily basis.


    To me, football was about watching your home town club, whilst holding a dream that one day it could compete against the countries top teams by creating a team of players we could all connect with.

    Those dreams have almost disappeared for me. I loved our club, I loved football, I loved what we did in 97/98 against all the odds. For us to achieve that again we would have to sell our soul, the playing field isn't level when you are up against a plethora of teams who are cheating the system. Money wins, it always has done but now the gap is wider than ever before. To be fair some of our local rivals will look at us with jealousy. We have a very rich owner who has bankrolled us for years however in a pond of far bigger fish his 80million fortune isn't enough. 80 million is made to look like pocket change...

    It's ******* revolting.
     
    Terry Nutkins, Dec 31, 2013
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  5. woolley mammoth

    woolley mammoth Well-Known Member

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    ^this^
     
    woolley mammoth, Dec 31, 2013
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  6. Sta

    Stahlrost Well-Known Member

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    Absolutely spot on, only go to Oakwell out of habit and not interested in Premier League and international football any more. The recent goings on at Cardiff and then this about Bolton just sum it all up. To be honest you could list loads of similar examples, Blackburn, the Fowls, Birmingham etc etc etc.

    Doomed.
     
    Stahlrost, Dec 31, 2013
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  7. Cun

    Cunning Stunt Well-Known Member

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    Tez Nutkins is spot on!

    I've just seen this on SS and was appalled. We lose at home to them days ago, we're trying to do things the 'right' way.

    The quicker this FFP comes in the better. Although I'm rather cynical in the fact that it'll be littered with loopholes to help the rich?!?
     
    Cunning Stunt, Dec 31, 2013
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  8. MonkeyRed

    MonkeyRed Well-Known Member

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    £163.80p? I'm in hundredfold more debt than that, don't see what all the fuss is about...
     
    MonkeyRed, Dec 31, 2013
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  9. RichK

    RichK Well-Known Member

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    That sort of debt wouldn't even be a problem for us, we could just sell Kennedy and McNulty and slash it in half.
     
    RichK, Dec 31, 2013
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  10. Aus

    Aussie Ade Active Member

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    No doubt Gartside will claim these results justify a Premier League 2 for 'massive' clubs like Bolton, Blackburn, Leeds, Wolves, Wendys who just can't survive on Championship income etc.

    FFP needs to have points deductions not just a small fine.
     
    Aussie Ade, Dec 31, 2013
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  11. Sco

    Scoff Well-Known Member

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    I think 1 point per £1million of debt at the start of the season would make things interesting...
     
    Scoff, Dec 31, 2013
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  12. jedstar

    jedstar Well-Known Member

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    Crazy considering we went into admin with debts of around £3.5m
     
    jedstar, Dec 31, 2013
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  13. RichK

    RichK Well-Known Member

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    They have someone who is servicing the debt, that's the difference.
     
    RichK, Dec 31, 2013
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  14. Glo

    GloucesterRedsBigBro Well-Known Member

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    Thought it was around £400.000
     
    GloucesterRedsBigBro, Dec 31, 2013
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  15. Dragon Tyke

    Dragon Tyke Well-Known Member

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    so what, its still gonna take 3 clubs to go in admin to keep us up

    this time we are found out.
     
    Dragon Tyke, Dec 31, 2013
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  16. jedstar

    jedstar Well-Known Member

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    Not sure mate, just basing it on accounts filed not long before we went into admin:

    accounts.jpg

    This doesn't tell the whole story though as I'm pretty sure there was some spending that Summer, the financial problems seemed to come out of the blue (publicly at least) and I reckon they also used it as an opportunity to shift players on who still had a while to run on big contracts. Maybe had it been put off for a year we'd have been £15m in debt or something.
     
    jedstar, Dec 31, 2013
    #16
  17. jedstar

    jedstar Well-Known Member

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    Sorry above is the current accounts, this is the last one that the old company filed.

    accounts.jpg

    Worryingly this shows a much healthier position than we find ourselves in at the moment! :nails:
     
    jedstar, Dec 31, 2013
    #17
  18. Tony

    Tony Active Member

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    What, get relegated?:D
     
    Tony, Dec 31, 2013
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  19. Terry Nutkins

    Terry Nutkins Well-Known Member

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    Mind Freeze.

    You knew what I meant. :)
     
    Terry Nutkins, Dec 31, 2013
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  20. Red

    Red West Well-Known Member

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    A brilliant summation Master Nutkins, spot on.
     
    Red West, Dec 31, 2013
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