Bolton Troubles (1 Viewer)

[oldskyblue58]

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]

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]

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]

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.

 

[NorthernWisdom]

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]

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]

What happens now? Administration?

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

 

[no_loyalty]

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]

What happens now? Administration?

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

Surely the winding up order will be lodged?

 

[Covstu]

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]

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

Absolute madness what is going on at BWFC.

 

[Nick]

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

 

[Grendel]

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

 

[Nick]

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]

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

 

[The Great Eastern]

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]

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]

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]

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

 

[no_loyalty]

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]

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]

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]

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]

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]

Now placed in administration according to Sky

 

[CJ_covblaze]

12 points next season.

 

[The Great Eastern]

12 points next season.

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

 

[vow]

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]

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]

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]

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]

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]

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]

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]

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