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Heard a rumour at the weekend - Bolton about to go into Administration

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  • I'd say a high % of those protesting against RD and his views would rather we had an owner willing to write off the best part of 200 Mil and still be in the championship, than the RD way
  • I'd say a high % of those protesting against RD and his views would rather we had an owner willing to write off the best part of 200 Mil and still be in the championship, than the RD way

    What is the RD way? To never get promoted, keep running up annual losses of £5-7M whilst flirting with relegation. Already something like £45M in debt. RD's way gets us bust, just a little slower and with less chance of him writing it all off at the end.

    That's not to say I don't agree with it entirely, it is a consequence of the madness of the Championship which is a mad bubble which will see many clubs go under in the next 10 yrs or so I should think as owners get bored with it all and an ever fading chance of PL money as parachute payments grow.

    I genuinely think the Trust should look into PL parachute payments and how they work with anti competition law.
    Or perhaps a Championship Club CEO who is a qualified lawyer specialising in competition law in sport might look into it? Sorry, mad idea...
    I do agree with that but I bought it up once at a supports trust AGM I think with RM in attendance and he kind of brushed it off saying it was something for the Trust as the club had too much of a vested interest if I remember rightly.
  • How much of a loss was we running at pre RD, How much money did good people lose and have to right off to keep us a float
    How much money does every club lose in the championship
    How much would we have lost with the pitch being how it was
    How much would we lose if sparrows stated the same tin pot 1980 training facilities


    It's very easy to expect someone to pump more millions in because the prem gravy train is on the horizon when its not your money,

  • The communication, mgmt rotating door all valid points in my opinion to have a moan up about, but I think there is a lot of people who want player investment over all else and that's the yard stick he is being measured against, and I guess that's the issues uky have to face up to if you own a club.
  • I'd say a high % of those protesting against RD and his views would rather we had an owner willing to write off the best part of 200 Mil and still be in the championship, than the RD way

    What is the RD way? To never get promoted, keep running up annual losses of £5-7M whilst flirting with relegation. Already something like £45M in debt. RD's way gets us bust, just a little slower and with less chance of him writing it all off at the end.

    That's not to say I don't agree with it entirely, it is a consequence of the madness of the Championship which is a mad bubble which will see many clubs go under in the next 10 yrs or so I should think as owners get bored with it all and an ever fading chance of PL money as parachute payments grow.

    I genuinely think the Trust should look into PL parachute payments and how they work with anti competition law.
    Or perhaps a Championship Club CEO who is a qualified lawyer specialising in competition law in sport might look into it? Sorry, mad idea...
    I do agree with that but I bought it up once at a supports trust AGM I think with RM in attendance and he kind of brushed it off saying it was something for the Trust as the club had too much of a vested interest if I remember rightly.
    When we were in the FAPL Richard Murray was one of the small group of chairmen who argued for a more equitable share of TV money down the first two divisions. This is all clearly documented in Tom Bower's book "Broken Deams". I can't remember exactly what he said that evening, but I am sure that he meant to say that one club cannot do it on tis own, it will be slaughtered by the self-interest of the others - and he has learnt this from his FAPL time. And what I was trying to say above is that neither can one Trust on its own. It has to be a collaborative effort across clubs and Trusts. But English football has not been good at that, unlike that in Germany. And look at the results...
    So no one bothers ? I would have thought it would be pretty easy to get many of the Championship clubs Trusts involved.
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  • I'd say a high % of those protesting against RD and his views would rather we had an owner willing to write off the best part of 200 Mil and still be in the championship, than the RD way

    What is the RD way? To never get promoted, keep running up annual losses of £5-7M whilst flirting with relegation. Already something like £45M in debt. RD's way gets us bust, just a little slower and with less chance of him writing it all off at the end.

    That's not to say I don't agree with it entirely, it is a consequence of the madness of the Championship which is a mad bubble which will see many clubs go under in the next 10 yrs or so I should think as owners get bored with it all and an ever fading chance of PL money as parachute payments grow.

    I genuinely think the Trust should look into PL parachute payments and how they work with anti competition law.
    Or perhaps a Championship Club CEO who is a qualified lawyer specialising in competition law in sport might look into it? Sorry, mad idea...
    I do agree with that but I bought it up once at a supports trust AGM I think with RM in attendance and he kind of brushed it off saying it was something for the Trust as the club had too much of a vested interest if I remember rightly.
    When we were in the FAPL Richard Murray was one of the small group of chairmen who argued for a more equitable share of TV money down the first two divisions. This is all clearly documented in Tom Bower's book "Broken Deams". I can't remember exactly what he said that evening, but I am sure that he meant to say that one club cannot do it on tis own, it will be slaughtered by the self-interest of the others - and he has learnt this from his FAPL time. And what I was trying to say above is that neither can one Trust on its own. It has to be a collaborative effort across clubs and Trusts. But English football has not been good at that, unlike that in Germany. And look at the results...
    So no one bothers ? I would have thought it would be pretty easy to get many of the Championship clubs Trusts involved.
    Well the problem is that the Championship Trusts support clubs that are not part of a completely separate commercial entity. What exactly can they do? To whom do they protest?

    We discovered that in fact that leaders of Trusts from FAPL clubs are very decent people who recognise the problem. But how do they sell the following idea to their fanbase:

    "We believe that next year we should get 30% less revenue from TV rights. So you can forget the idea of signing Benteke or Kane. But you can feel good that we are saving the likes of Charlton from financial meltdown"

  • Murray communicated, most of it bollox In the end and most taken with a pinch of salt, an experienced chairman with an experienced ceo,

    I don't think anyone should feel sorry for an owner or chairman,

    But nor should they just he expected to piss money into the club on players either
  • I'd say a high % of those protesting against RD and his views would rather we had an owner willing to write off the best part of 200 Mil and still be in the championship, than the RD way

    What is the RD way? To never get promoted, keep running up annual losses of £5-7M whilst flirting with relegation. Already something like £45M in debt. RD's way gets us bust, just a little slower and with less chance of him writing it all off at the end.

    That's not to say I don't agree with it entirely, it is a consequence of the madness of the Championship which is a mad bubble which will see many clubs go under in the next 10 yrs or so I should think as owners get bored with it all and an ever fading chance of PL money as parachute payments grow.

    I genuinely think the Trust should look into PL parachute payments and how they work with anti competition law.
    Or perhaps a Championship Club CEO who is a qualified lawyer specialising in competition law in sport might look into it? Sorry, mad idea...
    I do agree with that but I bought it up once at a supports trust AGM I think with RM in attendance and he kind of brushed it off saying it was something for the Trust as the club had too much of a vested interest if I remember rightly.
    When we were in the FAPL Richard Murray was one of the small group of chairmen who argued for a more equitable share of TV money down the first two divisions. This is all clearly documented in Tom Bower's book "Broken Deams". I can't remember exactly what he said that evening, but I am sure that he meant to say that one club cannot do it on tis own, it will be slaughtered by the self-interest of the others - and he has learnt this from his FAPL time. And what I was trying to say above is that neither can one Trust on its own. It has to be a collaborative effort across clubs and Trusts. But English football has not been good at that, unlike that in Germany. And look at the results...
    So no one bothers ? I would have thought it would be pretty easy to get many of the Championship clubs Trusts involved.
    Well the problem is that the Championship Trusts support clubs that are not part of a completely separate commercial entity. What exactly can they do? To whom do they protest?

    We discovered that in fact that leaders of Trusts from FAPL clubs are very decent people who recognise the problem. But how do they sell the following idea to their fanbase:

    "We believe that next year we should get 30% less revenue from TV rights. So you can forget the idea of signing Benteke or Kane. But you can feel good that we are saving the likes of Charlton from financial meltdown"

    If you are complaining about anti competition from the Pl parachute payments I would have thought the last place you would complain to is the PL or their clubs. Like you say, little point, you will be brushed aside. Go straight to the law courts. There must be qualified lawyers out there who are fans of clubs like ours you could pull together.
  • Plus, being completely separate legal entities surely plays into the FL hands to an extent. When FPP was around I think I am right the PL said that if fines were being paid by rule breaking clubs they could not be shared amongst the league clubs but had to go to charity. They butted their oar into the FL essentially. Therefore, simply persuade the FL to ban the PL from giving parachute payments. Suddenly a lot of lower end PL clubs will get very twitchy I should think.
  • Not looking good
  • cafcfan said:

    This announcement from BWFC also today:

    "Total amount paid to agents in the period 1 October 2014 to 30 September 2015: £964,869".

    Bonkers. Perhaps the cash-strapped players could ask their agents for a loan?

    I suspect this is still less than the players monthly wage bill

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  • i'm assuming if they do go bust then there will be a knock-on with other clubs being owed money?
  • 1-1 draw tonight

    http://www.theboltonnews.co.uk/sport/13949372.Lennon_is_right_back_where_he_started_with_defensive_quandary/

    Interestingly, it seems that Wilson is out of favour there already, as Lennon said
    “Lawrie (Wilson) is just out of favour. He’s had his ups and downs"
  • Could go into voluntary administration by this friday and lose 12 points. Unless a buyer is found. 750,000 owed to players and staff with the PFA not assisting at this stage.
  • Multi Millionaire Chinese buyer in for them *sigh*
  • shirty5 said:

    Could go into voluntary administration by this friday and lose 12 points. Unless a buyer is found. 750,000 owed to players and staff with the PFA not assisting at this stage.

    Least they'll get three points on December 15th
  • Owe £600k in unpaid taxes and facing winding up order.

    http://www.bbc.co.uk/sport/0/football/35034077
  • Dansk_Red said:

    Owe £600k in unpaid taxes and facing winding up order.

    http://www.bbc.co.uk/sport/0/football/35034077

    Are there any bookies offering odds on Bolton playing in the Premier League on or before August 2020?
  • is Dorian Dervite still decent?

    If so January loan? doubt they could turn it down...
  • IA said:

    Dansk_Red said:

    Owe £600k in unpaid taxes and facing winding up order.

    http://www.bbc.co.uk/sport/0/football/35034077

    Are there any bookies offering odds on Bolton playing in the Premier League on or before August 2020?
    Couldnt bring myself to 'lol' this.
  • So, reckon Bolton and Rotherham are likely for the drop - we need someone else to go into Admin, or have points deducted for something!
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