Bolton Troubles (1 Viewer)

oldskyblue58 · May 1, 2019

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 · May 1, 2019

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

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 · May 1, 2019

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 · May 1, 2019

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

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.

Deleted member 5849 · May 1, 2019

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.

Tbf the state of the club's finances were so wrecked it was always going to be a nutter or a carpet bagger.

RoboCCFC90 · May 2, 2019

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 · May 2, 2019

What happens now? Administration?

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

no_loyalty · May 2, 2019

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

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

Covstu · May 3, 2019

Nick said:
What happens now? Administration?

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

Surely the winding up order will be lodged?

Covstu · May 3, 2019

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

It all sounded very dodgy from a very dodgy character

RoboCCFC90 · May 3, 2019

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

Absolute madness what is going on at BWFC.

Nick · May 3, 2019

Just get him the other bloke to have a scrap to sort it.

Grendel · May 3, 2019

Brentford now awarded a one nil win so match will not be played

Nick · May 3, 2019

Grendel said:
Brentford now awarded a one nil win so match will not be played

If I was a Brentford fan I'd still celebrate the goal.

jordan210 · May 3, 2019

There goes the myth a forfeited game is won 3-0

The Great Eastern · May 3, 2019

Grendel said:
Brentford now awarded a one nil win so match will not be played

And to add to Bolton's troubles, they now don't have the income from the game so maybe losing another few hundred grand ?

no_loyalty · May 3, 2019

The Great Eastern said:
And to add to Bolton's troubles, they now don't have the income from the game so maybe losing another few hundred grand ?

They are also going to be penalised for not fulfilling the fixture.

Covstu · May 3, 2019

jordan210 said:
There goes the myth a forfeited game is won 3-0

Was thinking this today, do they get a goalscorer? Wonder if Harry Kane claimed it?

Covstu · May 3, 2019

What Happened to the previous game then? Why was that postponed and this one forefitted?

no_loyalty · May 4, 2019

Covstu said:
What Happened to the previous game then? Why was that postponed and this one forefitted?

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

Bolton safety advisory group have stopped the rearranged fixture from going ahead.

Covstu · May 4, 2019

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

Bolton safety advisory group have stopped the rearranged fixture from going ahead.

Why didn’t they just lose like this one?

Sky Blue Harry H · May 7, 2019

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 · May 7, 2019

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.

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 · May 7, 2019

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.

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

OffenhamSkyBlue · May 8, 2019

Now placed in administration according to Sky

CJ_covblaze · May 8, 2019

12 points next season.

The Great Eastern · May 8, 2019

CJ_covblaze said:
12 points next season.

Will they get an extra points deduction for not playing the Brentford game ?

vow · May 8, 2019

HuckerbyDublinWhelan said:
Problem is fit and proper is objective. What is Fit and proper?

I used to think of Nigella Lawson as being fit and proper...before her coke snorting

oldskyblue58 · May 8, 2019

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

oldskyblue58 · May 8, 2019

Interesting article on offshore sports ownership. Both Bolton &CCFC mentioned but no great detail on CCFC

https://www.taxjustice.net/wp-content/uploads/2018/10/Final-Offshore-Game-Report.pdf

skyblueinBaku · May 8, 2019

oldskyblue58 said:
Interesting article on offshore sports ownership. Both Bolton &CCFC mentioned but no great detail on CCFC

https://www.taxjustice.net/wp-content/uploads/2018/10/Final-Offshore-Game-Report.pdf

I suspect that there is no great detail on CCFC because Sisu et al are set up to avoid making available that detail.

The Great Eastern · May 8, 2019

skyblueindorset said:
I suspect that there is no great detail on CCFC because Sisu et al are set up to avoid making available that detail.

If this was the Sunderland board, 'et al' would be 'anarl'.

fernandopartridge · May 10, 2019

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

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.

RoboCCFC90 · May 13, 2019

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.

tisza · May 13, 2019

They get Appleton so everything will go back to current owners in a new guise.

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