The Debt.

[CAPSLOCK]

See, while true, that bit for me is irrelevant

The fact that the owner keeps him in post says he's happy enough with the job being done and at the end of the day, tis all that matters

[boltonboris]

The common factor in this total mess is Phil Gartside. Can anyone think of a chief executive who has presided over a £160m debt on a £28m turnover, appointed four poor managers and has kept his job with a huge salary and bonuses.
How did Eddie run a successful business when he allows incompetents like this in charge of them!

To be fair, he's also presided over one of the most successful periods in the club's history.

When which he lauded it all up like the king of the castle and you couldn't get him off the TV & Radio.

Now? Is he even still alive?

I'm not expecting him to come out jumping through hoops, but a bit of leadership at board level wouldn't go amiss

[Lord Kangana]

http://www.independent.ie/sport/soccer/ ... 93593.html



A good little article here about our financial problems.

Stopped reading when he started w*nking off over Megson.

Only a complete f*ckwit would think of his staying as a good idea.

[Hoboh]

See, while true, that bit for me is irrelevant

The fact that the owner keeps him in post says he's happy enough with the job being done and at the end of the day, tis all that matters

Says the owner knows feck all about football to me!

[CAPSLOCK]

Better start a campaign to get shut of Davies then

Gartside isn't the issue IF the obner is happy with him

[StaffsTrotter]

not seen anyone link to this story, or seen any comment on some of the details - pick your targets chaps

http://www.independent.co.uk/sport/foot ... 42669.html" onclick="window.open(this.href);return false;

[Lord Kangana]

Same shit again.

I can just see him being involved in Bukkake Parties with loads of guys wearing Gary Megson masks and him as the target. Get that image out of your head now, eh?

A brief flick through the accounts show how the debt skyrocketed when the Ginger Gollum was foisted upon us.

[LeverEnd]

Same shit again.

I can just see him being involved in Bukkake Parties with loads of guys wearing Gary Megson masks and him as the target. Get that image out of your head now, eh?

A brief flick through the accounts show how the debt skyrocketed when the Ginger Gollum was foisted upon us.

What a beautifully crafted image.
He also contradicts himself by calling Megson a transfer wizard then using some of his supposed successes as examples of poor signings.

[Enoch]

It was also linked to on the previous page of this thread by Riviman.

[StaffsTrotter]

It was also linked to on the previous page of this thread by Riviman.

oops

[Athers]

We are being watched

Long article about it all here, with yours truly among others being quoted.

http://twohundredpercent.net/?p=25210" onclick="window.open(this.href);return false;

[Dave Sutton's barnet]

Found that quite hard to read... think it's the font, the font colour and the lack of crossheads...

[midlands exile]

We are being watched

Long article about it all here, with yours truly among others being quoted.

http://twohundredpercent.net/?p=25210" onclick="window.open(this.href);return false;

Sickeningly accurate. Year on year of big talk from Gartside whilst delivering nothing off the pitch (and not much on it either recently), other than digging a bigger Eddie Davis shaped hole for the club to sink into.

[Hoboh]

Said for a bit Gartsides a tool, got lucky with Sam.

[a1]

big sam's consortium will buy it, they have the money.

[ChrisC]

Deep in debt but Bolton Wanderers have no need to panic, says football finance expert

7:00am Friday 10th January 2014 in Latest By Marc Iles


Wanderers owner Eddie Davies
A LEADING sports finance expert has moved to calm fears Wanderers are heading for some sort of Portsmouth-style meltdown.

After a loss of £50.7million was announced at the end of last month, escalating debts to a whopping £163.8m, concern spread among the club’s supporters that the Whites may be heading for serious financial peril.

The likes of Portsmouth, Leeds United, Leicester City and Coventry City have all slid towards administration after dropping out of the Premier League – and none incurred losses of the size revealed at the Reebok on New Year’s Eve.

But while Robert Wilson, a lecturer on sport finance at Sheffield Hallam University, points out that Wanderers dropped out of the Premier League at the worst possible time, he is confident as an outsider looking in on the club’s accounts they are in no immediate risk, so long as owner Eddie Davies continues to foot the vast majority of the bill through his business interest Moonshift Investments Ltd.

“They are in the eye of a perfect storm at the moment,” he told The Bolton News. “It was absolutely the wrong time to get relegated from the Premier League and for the FFP regulations to hit.


“I would be happy to say that under the current ownership structure, with the owner (Eddie Davies) happy to continue putting money into the club for whatever benefit or reason, the debt does not concern me.

“It appears the club are now financially coming into line with where they need to be and so the next five years are crucial. I’d expect over that period to see them start to break even and begin paying a small amount of that debt off.

“I’d compare their situation more to Southampton when Markus Liebherr took over They have a stable ownership and have not had the upheaval of a Leicester City, Leeds or Portsmouth.


“If Bolton’s owner woke up tomorrow and decided to sell everything the club owned, then I would imagine a large portion of the money he has invested would be recouped – and that is another reason it doesn’t worry me. It is a soft debt.

“If Bolton were in the same situation as Leeds, for example, and did not hold as many assets, it would be a different story.”

The lack of any public communication from Davies or his chairman Phil Gartside in the light of the accounts has not helped to quell the feeling of unease among supporters.

The club have outlined plans to pursue “alternative revenue streams” key to which seems to be their £100m office and school development alongside the Reebok, which they hope will get the go-ahead from planners early this year.

Wilson reckons only promotion to the Premier League – and a share of broadcasting revenue which is now nearly three times the size of the one they previously enjoyed – will start to see the debts reduced.

“In terms of a business objective then getting back to the Premier League is absolutely vital but the worrying thing for Bolton is that it is becoming increasingly harder,” he said.

“Three teams who come down every year do so with a parachute payment that enables them to keep hold of better players, given the right relegation clauses, and retain stronger squads. This is one of the main problems of FFP and it creates an environment where other clubs could be frozen out.”

[Dave Sutton's barnet]

“If Bolton’s owner woke up tomorrow and decided to sell everything the club owned, then I would imagine a large portion of the money he has invested would be recouped – and that is another reason it doesn’t worry me. It is a soft debt.”

Ah, that's alright then...

(Yes, I know it could be much worse.)

[Montreal Wanderer]

We are being watched

Long article about it all here, with yours truly among others being quoted.

http://twohundredpercent.net/?p=25210" onclick="window.open(this.href);return false;

Do they ask your permission to quote you?

[boltonboris]

I don't know why they would have to Monty? A public forum's contents are fair game aren't they?

[a1]

load of pricks calling it a good takedown.

sly digs at edwin not being a football fan , i'm fairly sure thats not true.

no mention of what things'll happen to city if, say, when gulf war three starts. all about edwin dying, like sheik mansour is Jor-El's son.

no mention that we've got ten years to pay it off.

an allusion to north korea , surprised he's not re-posted postman pisscan's "bwfc manufacturing landmines at the reebok for evil anticommunist chaebol" paper for good measure.

#hipsterarticles #halfscarftwat