Bolton Troubles (16 Viewers)

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oldskyblue58

oldskyblue58

CCFC Finance Director
If stadium ownership is the key to a sustainable football club, why do most clubs outside of the Premier League make losses? very few make a profit

old article but illustrates the Championship
Football finance: Championship club-by-club

Surely the keys are better decision making? and a level financial playing field for all?.................... if sustainability is the aim at all
 
Liquid Gold

Liquid Gold

Well-Known Member
oldskyblue58 said:
If stadium ownership is the key to a sustainable football club, why do most clubs outside of the Premier League make losses? very few make a profit

old article but illustrates the Championship
Football finance: Championship club-by-club

Surely the keys are better decision making? and a level financial playing field for all?.................... if sustainability is the aim at all
Click to expand...
Because their owners are chucking loads of money at reaching the premier league. I didn't mention stadium ownership as a path to sustainability but a reason that there has been very little credible interest in taking us over.
 
oldskyblue58

oldskyblue58

CCFC Finance Director
fair enough but i am not sure we can assume there has been no interest other than the Hoffman Consortium. My own take on it is that Seppala simply hasn't wanted to sell whilst her court challenges progressed. Plus other interested parties might prefer to make their approach privately not in the CT. So it might not be because of no stadium ownership

But the point i was trying to make was not specific as such. The whole system appears broken and reliant on people willing to throw money away whether stadiums are owned or not
 
Liquid Gold

Liquid Gold

Well-Known Member
oldskyblue58 said:
fair enough but i am not sure we can assume there has been no interest other than the Hoffman Consortium. My own take on it is that Seppala simply hasn't wanted to sell whilst her court challenges progressed. Plus other interested parties might prefer to make their approach privately not in the CT. So it might not be because of no stadium ownership

But the point i was trying to make was not specific as such. The whole system appears broken and reliant on people willing to throw money away whether stadiums are owned or not
Click to expand...
Maybe, maybe not. The best information we have is from before sisu when many potential buyers were put off when ownership of the Ricoh was taken out of the equation.

Obviously the whole structure is broken, you'll get no disagreement from me there. The point about ownership specifically came up as to why nobody has rescued us not the overall structure though.
 
D

Deleted member 5849

Guest
Liquid Gold said:
Maybe, maybe not. The best information we have is from before sisu when many potential buyers were put off when ownership of the Ricoh was taken out of the equation.

Obviously the whole structure is broken, you'll get no disagreement from me there. The point about ownership specifically came up as to why nobody has rescued us not the overall structure though.
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Tbf the state of the club's finances were so wrecked it was always going to be a nutter or a carpet bagger.
 
R

RoboCCFC90

Well-Known Member
Bolton’s proposed takeover is now off according to a statement from the Club itself.

What a mess.


Sent from my iPhone using Tapatalk
 
Nick

Nick

Administrator
What happens now? Administration?

Already relegated so the points loss should be for next season.
 
no_loyalty

no_loyalty

Well-Known Member
RoboCCFC90 said:
Bolton’s proposed takeover is now off according to a statement from the Club itself.

What a mess.


Sent from my iPhone using Tapatalk
Click to expand...

The proposed new owner failed to show proof of funds, therefore the deal is off.
 
R

RoboCCFC90

Well-Known Member
Laurence Bassini has now stated this morning that he is in control of Bolton Wanderers.

Absolute madness what is going on at BWFC.
 
Grendel

Grendel

Well-Known Member
Brentford now awarded a one nil win so match will not be played
 
Covstu

Covstu

Well-Known Member
What Happened to the previous game then? Why was that postponed and this one forefitted?
 
no_loyalty

no_loyalty

Well-Known Member
Covstu said:
What Happened to the previous game then? Why was that postponed and this one forefitted?
Click to expand...

Bolton players refused to play, due to non payment of wages.

Bolton safety advisory group have stopped the rearranged fixture from going ahead.
 
Sky Blue Harry H

Sky Blue Harry H

Well-Known Member
Will surely start next season with a points deduction. Hinders them re recruitment (lack of cash, plus players more reluctant to sign?) and less likely to go straight back up.
 
chiefdave

chiefdave

Well-Known Member
Sky Blue Harry H said:
Will surely start next season with a points deduction. Hinders them re recruitment (lack of cash, plus players more reluctant to sign?) and less likely to go straight back up.
Click to expand...
You'd think so but the EFL seem to have gone off points deductions. Blackpool got away with not getting one so nothing is certain.
 
Grendel

Grendel

Well-Known Member
chiefdave said:
You'd think so but the EFL seem to have gone off points deductions. Blackpool got away with not getting one so nothing is certain.
Click to expand...

It’s believed they will get a big reduction as the failure to fulfil fixtures will also come into it
 
CJ_covblaze

CJ_covblaze

Well-Known Member
12 points next season.
 
oldskyblue58

oldskyblue58

CCFC Finance Director
safe to say the assets are all neatly tied up with Mr Anderson and a British Virgin Islands company called Moonshift Investments Limited with charges registered in September 2018
 
skyblueinBaku

skyblueinBaku

Well-Known Member
fernandopartridge

fernandopartridge

Well-Known Member
oldskyblue58 said:
safe to say the assets are all neatly tied up with Mr Anderson and a British Virgin Islands company called Moonshift Investments Limited with charges registered in September 2018
Click to expand...
Moonshift was set up by the rich former now deceased owner who funded the club through the 'better' times. The charge was registered when as a literal last act he lent Ken Anderson £5m to pay a debt and avoid admin.
 
R

RoboCCFC90

Well-Known Member
Good god, the Administrator that has been appointed to Bolton's case is Paul Appleton.

As if it couldn't get any worse for them.
 
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