They do tend to soil themselves, when it comes to some clubs. They did a number on swindon one year....then back tracked on spurs.
Alan Nixon just been discussing it all on Talksport for half hour with Ian Holloway and Simon jordan.
Marc Isles Bolton Journo, reporting on twitter that football ventures (preferred bidder) have agreed a loan with the pfa to pay all football creditors. Now if that's the case that they are having to borrow to pay off football debts then how can they be allowed to takeover. Surely to get preferred bidder status by the efl and the administrator then they must have had to prove funds to run the club for next 2 years.
Yes but thats not how the EFL works, they dont want two clubs folding at the same time, they must be saved to save the EFL embarrassment. Then in 12 months time they can save the club from collapsing again when these owners have fcked it off
By now its beginning to look like the EFL has backed itself into a corner and is desperately trying to free itself.
Why was Ken Anderson allowed to own Bolton Wanderers having previously been disqualified as a director? He *allegedly* is best mates with a person high up in the EFL which says it all really. The whole thing is corrupt. This 'fit and proper persons test' is a disgrace and the biggest load of bollock*s ever. While the football club should carry the can the EFL also have a fair bit to answer for. As you say, the fact that FV now want to borrow money is nothing short of scandalous. If it all gets approved then here's hoping they back in the same situation in six months. Maybe Bassini will rock up again!
The young property developer owner who took multiple complex loans and mortgages at ridiculous rates with a dream of getting Bury into the promised land was the start of their very dire misfortunes that saw Flitcroft as manager. They've struggled for years and years though and from memory sure they've had several winding up orders. I've seen the current owner get so much grief about the situation, yet very little for the idiot who had them ladened with so much debt, it's almost impossible for them to get out of.
Nigel Clough now weighing in on it, stating that Premier League clubs should help bail them out. I don't know Bury's situation but Bolton wouldn't deserve that. https://www.theguardian.com/footbal...eague-clubs-bail-out-bolton-bury-nigel-clough Teams need to learn how to be self sufficient.
I'm sick of hearing people saying that x, y and z should bail these clubs out. It's about time they took responsibility for themselves and dealt with the consequences.
Exactly. If we're not careful I can see a similar structure to La Liga etc. with "Man City B" playing in the lower tiers. I can't see bigger clubs doing anything to support lower ones as they will have little incentive to do so for these reasons.
It would never happen (because the big clubs wouldn't like it), but ideally the league would give each club in a division the same funds for the season based on sponsorship, estimated attendances, etc, but with each team having the same budget. How they spend it is up to them, but each month the club has to update the league with their financial situation, and any discrepancies resulting in an instant points deduction. As an example, let us say that the EFL get £20m in sponsorships, and an average attendance of 20,000 at £20 each and 552 games in a league season. This would give an income of £240m per season, split 24 ways giving each team a budget of £10m with 30% ring-fenced for operational costs, so a playing budget of £7m per year for transfers and wages. Every club on an equal playing field and managerial skill and spotting a bargain being rewarded. League 1 clubs might get £3m per year for playing costs, and League 2 £1m (not worked out the figures).