Another Year Older And Deeper In Debt!

[mullayo]

I can't believe it's that bad! We're not splashing it about ala Citeh. Never have. Our squad is small and always has been comparatively. Surely we'd be going better.We have the lucrative Korean market sown up. Not to mention the Bulgarian and a mortgage on the Finnish.


It's a sad reflection on the game if a responsible team like us can't survive in the premier league it needs dismantling. I hate being in debt. I don't do it in my personal life if I can help it and our fiscal approach is one of the things that attracted me to this team.

[hisroyalgingerness]

http://www.wanderersways.com/forum/inde ... opic=62746

What do they say on Wanderers ways? I'm not a member.

That the official accounts had us £35m in debt with a turnover of £55m. The suggestion being the article is a load of tosh

[Lofthouse Lower]

http://www.wanderersways.com/forum/inde ... opic=62746

What do they say on Wanderers ways? I'm not a member.

That the official accounts had us £35m in debt with a turnover of £55m. The suggestion being the article is a load of tosh

Their competitions are excellent though, I won a free burrito from them once.

[Gary the Enfield]

I can't believe it's that bad! We're not splashing it about ala Citeh. Never have. Our squad is small and always has been comparatively. Surely we'd be going better.We have the lucrative Korean market sown up. Not to mention the Bulgarian and a mortgage on the Finnish.


It's a sad reflection on the game if a responsible team like us can't survive in the premier league it needs dismantling. I hate being in debt. I don't do it in my personal life if I can help it and our fiscal approach is one of the things that attracted me to this team.

I'm not a financial wizard but I find myself not really understanding this point.

In my personal life I have a debt which is 1.5 times more than my income. It's called a mortgage. I borrowed money to buy a property. I manage my debt by paying interest on the amount borrowed.

I guess it works the same at Bolton, and has done for some years.

[thebish]

I can't believe it's that bad! We're not splashing it about ala Citeh. Never have. Our squad is small and always has been comparatively. Surely we'd be going better.We have the lucrative Korean market sown up. Not to mention the Bulgarian and a mortgage on the Finnish.


It's a sad reflection on the game if a responsible team like us can't survive in the premier league it needs dismantling. I hate being in debt. I don't do it in my personal life if I can help it and our fiscal approach is one of the things that attracted me to this team.

I'm not a financial wizard but I find myself not really understanding this point.

In my personal life I have a debt which is 1.5 times more than my income. It's called a mortgage. I borrowed money to buy a property. I manage my debt by paying interest on the amount borrowed.

I guess it works the same at Bolton, and has done for some years.

it's not the debt thing that puzzled me - but the idea that "fiscal approach" would be a deciding factor in choosing to support a team! Does that come above or below "shirt colour"?

[Bruce Rioja]

http://www.wanderersways.com/forum/inde ... opic=62746

What do they say on Wanderers ways? I'm not a member.

That the official accounts had us £35m in debt with a turnover of £55m. The suggestion being the article is a load of tosh

Quite. Those are the sort of numbers that Garty used at the last Fan's Forum, adding that we're basically asset rich anyway.

[BWFC_Insane]

Question for those with financial know-how on the main site it is described as the "retained loss for the year is 35.4M" or words to that effect.

Does that mean...

a) We made a loss of 35M in the last financial year thus adding on 35M onto our pre-existing debt.,...

or

b) Our total debt is 35M?

or

c) Neither?

[thebish]

Question for those with financial know-how on the main site it is described as the "retained loss for the year is 35.4M" or words to that effect.

Does that mean...

a) We made a loss of 35M in the last financial year thus adding on 35M onto our pre-existing debt.,...

or

b) Our total debt is 35M?

or

c) Neither?

it means - the cumulative loss carried over

[Worthy4England]

Question for those with financial know-how on the main site it is described as the "retained loss for the year is 35.4M" or words to that effect.

Does that mean...

a) We made a loss of 35M in the last financial year thus adding on 35M onto our pre-existing debt.,...

or

b) Our total debt is 35M?

or

c) Neither?

I think you're confusing loss and debt.

Loss in the P&L is a measure of performance at a particular point in time (in this case end of June each year), compared with 12 months earlier - so for the 12 months ending FY June, we earned £61m in revenue and over the same period we spent and additional £35m to make our £61m.

Debt is a longer term measure - although debt incurred in the FY in question is factored into the overall loss for the period.

[Lord Kangana]

I think in English all BWFCi wants to know are:-

1) Last years losses
2)Our total debt

[Worthy4England]

http://www.wanderersways.com/forum/inde ... opic=62746

What do they say on Wanderers ways? I'm not a member.

That the official accounts had us £35m in debt with a turnover of £55m. The suggestion being the article is a load of tosh

Quite. Those are the sort of numbers that Garty used at the last Fan's Forum, adding that we're basically asset rich anyway.

The numbers are correct - I have the Accounts open in front of me. Not sure the interpretation of the numbers is substantially different than last year.

[Worthy4England]

I think in English all BWFCi wants to know are:-

1) Last years losses
2)Our total debt

1) 35m
2) circa £137m

[BWFC_Insane]

I think in English all BWFCi wants to know are:-

1) Last years losses
2)Our total debt

Yeah that will do.

[BWFC_Insane]

I think in English all BWFCi wants to know are:-

1) Last years losses
2)Our total debt

1) 35m
2) circa £137m

Thanks. Thats rather worrying, I was under the impression our debt was around the 60M mark the year before? Did I just pluck that number from the sky?

And to summarise everything in the manchester confidential report is more or less correct apart from perhaps the requirement to pay back 133M within the next year?

[Worthy4England]

I think in English all BWFCi wants to know are:-

1) Last years losses
2)Our total debt

1) 35m
2) circa £137m

Thanks. Thats rather worrying, I was under the impression our debt was around the 60M mark the year before? Did I just pluck that number from the sky?

And to summarise everything in the manchester confidential report is more or less correct apart from perhaps the requirement to pay back 133M within the next year?

Let me try another go

There were two figures around the £60m mark, last year - in terms of owed debt.

Borrowings excluding finance leases and HP, were at £63m reporting at a Group level and at £59m reporting at a Company level.

The same figures this year are £91m reporting at a Group level and £85m reporting at a Company level.

The £13x figure looks like it comes from adding the amounts falling due within 1 year (all debt at a company level) £125m and other amounts falling due after more than one year £11m - so £136m in total. The comparitive figures for 12 months earlier were £76m and £31m - so £107m in total

[BWFC_Insane]

I think in English all BWFCi wants to know are:-

1) Last years losses
2)Our total debt

1) 35m
2) circa £137m

Thanks. Thats rather worrying, I was under the impression our debt was around the 60M mark the year before? Did I just pluck that number from the sky?

And to summarise everything in the manchester confidential report is more or less correct apart from perhaps the requirement to pay back 133M within the next year?

Let me try another go

There were two figures around the £60m mark, last year - in terms of owed debt.

Borrowings excluding finance leases and HP, were at £63m reporting at a Group level and at £59m reporting at a Company level.

The same figures this year are £91m reporting at a Group level and £85m reporting at a Company level.

The £13x figure looks like it comes from adding the amounts falling due within 1 year (all debt at a company level) £125m and other amounts falling due after more than one year £11m - so £136m in total. The comparitive figures for 12 months earlier were £76m and £31m - so £107m in total

Ahh cheers, that makes sense.

So in short we're marginally worse off than last year, probably mainly due to the management re-shuffle and perhaps a few other one off costs?

[Lord Kangana]

Have you seen the price of a bunch of roses these days? Meggers must be coining it. Don't know why he still needs our money...

[boltonboris]

I think in English all BWFCi wants to know are:-

1) Last years losses
2)Our total debt

1) 35m
2) circa £137m

Thanks. Thats rather worrying, I was under the impression our debt was around the 60M mark the year before? Did I just pluck that number from the sky?

And to summarise everything in the manchester confidential report is more or less correct apart from perhaps the requirement to pay back 133M within the next year?

Let me try another go

There were two figures around the £60m mark, last year - in terms of owed debt.

Borrowings excluding finance leases and HP, were at £63m reporting at a Group level and at £59m reporting at a Company level.

The same figures this year are £91m reporting at a Group level and £85m reporting at a Company level.

The £13x figure looks like it comes from adding the amounts falling due within 1 year (all debt at a company level) £125m and other amounts falling due after more than one year £11m - so £136m in total. The comparitive figures for 12 months earlier were £76m and £31m - so £107m in total

So..... What are you trying to say?

Are we okay, or are we imminently about to flog everyone of the playing staff and god forbid, the company cars?!

[Lofthouse Lower]

Most importantly, can we blame Megson for any of this?

[boltonboris]

Most importantly, can we blame Megson for any of this?

I already have!