I think the majority of this (c.£170m) is due to former owner Eddie Davies who bankrolled the Club during the Allardyce years and onwards. Also the Warburton family are involved in there somewhere. When Ken Anderson 'rescued' the Club a couple of years ago, I'm sure the phrase 'debt free' was quoted (where have we heard that before?).Wonder how they plan to settle the 205m in debt ? let alone the other creditors shown in the 2016 financials
Yes close to me as well !!!Lets buy it and relocate to Bolton. Only 30 minutes down the road for me. #selfish
Bolton is up for sale and includes ground. Price is 25 million.
As with any sale there maybe some things in the detail that may not be so appealing.
All things being equal , price of Coventry City by SISU has to be considerably lower.
At least they are actually up for sale, no matter how stupid the price isThis is from a post on Bolton News -
"So a buyer is expected to cough up 25m for a club still losing money every month, had no owner investment for over two years and heading back into League One. That money is needed to cover debts including an estimated 7m+ to Blumarble, 5.5m to PBP & 2.5m to Brett Warburton, and a bunch of creditors such as Bolton Council who are owed money. Hardly a debt free club! Oh and lets not forget the remaining 5-10m as a tasty payoff for a certain someone whos net input is reported to be one pound and zero pence. Before we forget, there’s also those offices and car park that need buying back...
In fact, now I think about it, there’s that reported £500k unrefundable payout to look at the books as well.
It also makes no mention of the 15m soft debt consideration to Davies based on future success.
I know that there is at least one serious investor out there, but let’s face it, they're not going to go for this deal and who's to blame them."
All sounds familiar...
If it makes good business sense, then plenty will applaud it.Lets buy it and relocate to Bolton. Only 30 minutes down the road for me. #selfish
If it makes good business sense, then plenty will applaud it.
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Maybe Wasps could use it as a launch into having regional branches. Head Office stays here.
Let's buy them, move them to the Ricoh next season and rename them Coventry Rovers.Bolton is up for sale and includes ground. Price is 25 million.
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Wonder how they plan to settle the 205m in debt ? let alone the other creditors shown in the 2016 financials
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