Bolton in trouble again

I have the same problem when I get LDRed and hemsworth tyke mixed up

 

Hemsy is far more sensible and articulate than I'll ever be, don't be so harsh on the lad

 

All clubs should have to submit full accounts for the season at Easter (the only unknowns then will be gate receipts for last few home games), and any club overspending should be deducted 1pt per million £ overspend. Don't submit accounts and its automatic 50pts deduction. Any club going into administration will face automatic relegation and start the next season in the Conference/National League as will any club found later to have been cheating on their returns. Any empty spaces in the league would be filled by promotion from below - so if 5 teams in the Championship go bust then 5 teams are promoted from League 1 to fill their spaces and 5 from League 2 to League 1 to take their place.

Would probably have to be some dispensation for unpaid football debts, so if Bolton owed us £1million (for example) and went into administration and didn't pay as expected we wouldn't be punished as severely as Bolton, but nobody should spend money until its in the bank!

 

exactly the reason the football creditors rule is in place. to ensure that all clubs recieve full transfer fees if a club go bust. its shame the players are classed as football creditors also though.

 

Wasn't it brought it first and foremost to make sure that other clubs did not lose out on transfer fees owed? This is fair enough IMHO, but why it extends to wages owed to players over and above non-playing staff, I'm not entirely sure.

 

I believe that was the basis of the rule and for me the rule should start and end with the transfer fee owed to the other club.

 

Usually a ****ing brilliant post if its made by me.


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Cos footballs ****ing bent.

 

Agree except it should be a %. Liverpool losing £1m is not the same as Newport losing £1m so should be treated differently.


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I don't think Gartside's involved there anymore. Sure he was really ill last year and stepped down. But this that's happening now to Bolton is exactly why he said there should be no relegation from the Premier League.

They're seriously ******. Look at Bury too, Stockport already gone into the wilderness of non-league. That area is dominated by Man Utd and Man City so hats off to clubs like Burnley and Rochdale who seem to be run properly and to their means. You'd think Pompey would have been an example to other clubs that size, like us to be honest, similar in many ways. But clubs still keep chasing the dream. And there can be only 20 in the money league, and you can guarantee that at least 8 of them will never be relegated, so they're getting further and further away every year. Leicester are sticking two fingers up to all that this season, but you get anomalies every now and again. I know the dream for all of us is to one day be Champions of England but in my lifetime (34 years) there have been just 8 champions.


It's weird innit? Deep down, we know we're never ever going to achieve owt in terms of top flight success. Our chances of lifting a cup are much bigger, but history suggests that it's proper unlikely. Hence why I'm taking this JPT ******** seriously. I'll just pretend it's the FA Cup that Conor's lifting in April.

 

My understanding of the Bolton situation is that they are £170 million in debt. However, this is mainly owed to their owner who has stated that he has written it off. He has however stated that he will no longer continue to finance their losses. So it is not their historic debt that is the problem. The problem is that they can no longer meet their regular running costs because that part of the cost that was being financed by the owner is now unfinanced.

It takes time for any business to reduce its on-going costs. Like any football club, Bolton has enter into long term contracts with its players and staff that must be honoured. It does not matter whether you believe a player is worth the money or not, the club and the player have entered into a contract that must be honoured. As I understand it, Bolton are trying to sell players so as to both reduce their outgoings, and also to raise funds that can be used to meet their on-going liabilities. However, it is a buyers market and a player cannot be pressured into moving for a lower contract than he is currently being paid. That is business. It is not the supporters fault, but they had the good years when the club was able to compete only because the owner was digging deep into his own pocket. The market price for players transfer fees and wages is not set by the players, it is set by competition between clubs for the best talent available. They cannot force an unwilling club to pay more than they are worth. The market does that, along with the pressure from fans to compete for the best, whatever the price.

Barnsley had to face similar problems when the parachute money ran out. It had acquired players that it could only afford with the extra parachute money. In a desperate attempt to win promotion, it failed to adjust its outgoings back to second tier levels soon enough. The sudden shock of the large turnover of players, the reduced ability of incoming players on lower wages, along with poor choice of team manager to preside over the changes saw the team drop another division, which meant that the whole process needed to be repeated again. Administration was inevitable.

And before we all become self righteous in our current miserable existence in the third tier, in the season 2013/2014, the last for which accounts are available, our owner donated £840,000 in order bridge the gap between incomings and outgoings. I know that this is not financing to the same degree as that at Bolton, but it is evidence that Barnsley Football Club was still living beyond its means. Every week I read posts calling for Mr Cryne to move on because he is incapable of providing sufficient funds to guarantee our promotion. Perhaps we need to get our story straight before we start lobbing brick about in our glass house. Do we want an owner to finance part of our costs or don't we.

The sudden announcement that the owner would no longer fund ongoing losses has given Bolton no time to adjust to living within its means. It is my view that the owner has been irresponsible. He needed to see the club through the process of adjusting to its reduced circumstances. He needed to bite the bullet, reduced overhead, make redundancies, change playing staffs and team management to lower paid individuals. He has been irresponsible, because effectively, he is about to subcontract that job to an Administrator, because he does not want to face that responsibility, because he does not want to face the bile that comes from the fans when that happens. An Administrator is someone who is prepared to take the decisions that an existing board do not have the guts to make.

The only difference between the crash that we suffered, and the crash that Bolton has suffered is the lack of responsibility for the mess that the Bolton owner has taken. He is getting away with it because of the money that Bolton has cost him. Mr Cryne has wrestled with our most recent relegation, and with the reduction in cost base that is involved. He has found a management team with skins thick enough to stand the abuse and the trauma of reconstruction. Together, they have almost got us through it. If we are still in this league next season, we can begin the rebuilding process.

 

I bet Frank Worthington's spinning in his Elvis suit...

 

Appreciate you have gone off accounts available 2 years ago.

That season included high earners such as cranie, steele and o grady didn't it?

All have gone. And we have reduced that bill we are led to believe.

If we are still requiring 800k of PC money. We are being mismanaged. Simple as that.

I don't recall everyone asking him to put that money in. (Yes a certain minority few) but certainly not many.

I support the drive to live within our means as do others. Let's not make it a point that we want PC to throw is money at us. Majority of people don't.