The Debt.

[Dave Sutton's barnet]

Interesting to see those who told us administration was an impossibility, foretold by financially clueless Feck wits, have gone very quiet. Bravo.

Yeah, I thought it wouldn't happen. I hope I'm still right, but if it came to the option, I'd rather be happy than right.

[Bruce Rioja]

If he acts likes royalty next time he comes over from his tax haven in his private jet and moans about his pasty

I'm missing something here.

[BWFC_Insane]

If he acts likes royalty next time he comes over from his tax haven in his private jet and moans about his pasty

I'm missing something here.

A reference to a recent article in the Independent containing this.

He’s not been every Bolton employee’s cup of tea down the years. Some will tell you that it’s been like receiving royalty when he arrives for a game. “When he’d been chauffeured to the ground there had to be particularly nice pasties,” says one. “People would be jumpy.” One former manager was reminded by Davies on one occasion to “remember who your boss is”.

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[Dave Sutton's barnet]

Timescales still elastic. In this morning's Evening News Marc Iles is saying HMRC petition due "imminently" after which we have "just over a week’s breathing space to decide whether to enter into voluntary administration." Also says Nucleus are owed £5.5m, Brett Warburton £2.5m (you can wait, son) and there's another secured loan of £1.5m "provided by shareholders".

[Bruce Rioja]

If he acts likes royalty next time he comes over from his tax haven in his private jet and moans about his pasty

I'm missing something here.

A reference to a recent article in the Independent containing this.

He’s not been every Bolton employee’s cup of tea down the years. Some will tell you that it’s been like receiving royalty when he arrives for a game. “When he’d been chauffeured to the ground there had to be particularly nice pasties,” says one. “People would be jumpy.” One former manager was reminded by Davies on one occasion to “remember who your boss is”.

http://www.independent.co.uk/sport/foot ... 61016.html" onclick="window.open(this.href);return false;

Ah, cheers. Although having visited the Board's dining room at our place I can't imagine them sitting down to pasties.

[BWFC_Insane]

Timescales still elastic. In this morning's Evening News Marc Iles is saying HMRC petition due "imminently" after which we have "just over a week’s breathing space to decide whether to enter into voluntary administration." Also says Nucleus are owed £5.5m, Brett Warburton £2.5m (you can wait, son) and there's another secured loan of £1.5m "provided by shareholders".

One of the things Nixon said yesterday is that the potential buyers are getting irritated that the figure to secure the next year (inclusive of running costs and servicing debts) keeps increasing. Seems the club have not been entirely transparent about the volume of short term loans they have secured.

[Dr Hotdog]

Is it too late to go shaking buckets at other local clubs? Save Our Trotters?

Oh The Indignation.

[Peter Thompson]

Timescales still elastic. In this morning's Evening News Marc Iles is saying HMRC petition due "imminently" after which we have "just over a week’s breathing space to decide whether to enter into voluntary administration." Also says Nucleus are owed £5.5m, Brett Warburton £2.5m (you can wait, son) and there's another secured loan of £1.5m "provided by shareholders".

One of the things Nixon said yesterday is that the potential buyers are getting irritated that the figure to secure the next year (inclusive of running costs and servicing debts) keeps increasing. Seems the club have not been entirely transparent about the volume of short term loans they have secured.

Hardly surprising the way the club has been run & managed over recent years by the likes of PG & ED, I really hope PG recovers from his illness but questions need to be asked regarding the way the club has been so badly mismanaged from the top, and been allowed to get into this dire situation. We had 10 years of good premiership income and we are now facing administration without a pot to piss in.

Whoever ultimately authorised those huge salaries / contracts to several very average players in the past 4 or 5 years instead of cutting our cloth accordingly (mainly under Megson & Coyle and even possibly under Freedman in his first few months) is very much to blame for the position the club is in, and how it was allowed to happen and the debt accumulate so much was unbelievable - even if it was mainly to ED

Its great that ED is writing off the debt to try and attract potential investors, but I'm sorry if he allows the club to go into administration for me personally it will undo everything that he's done for us in the past and both ED & PG won't be remembered fondly....which is sad, but is how I feel at this moment in time.

[Bruce Rioja]

Its great that ED is writing off the debt to try and attract potential investors, but I'm sorry if he allows the club to go into administration for me personally it will undo everything that he's done for us in the past and both ED & PG won't be remembered fondly....which is sad, but is how I feel at this moment in time.

Really not with you on that, mate. Nothing will ever taint the memory of those great European away nights. I'll always be eternally grateful for those.

[Peter Thompson]

Its great that ED is writing off the debt to try and attract potential investors, but I'm sorry if he allows the club to go into administration for me personally it will undo everything that he's done for us in the past and both ED & PG won't be remembered fondly....which is sad, but is how I feel at this moment in time.

Really not with you on that, mate. Nothing will ever taint the memory of those great European away nights. I'll always be eternally grateful for those.

Bruce I don't expect many to agree, they normally don't I'm used to it !! - its just how I feel at the moment with everything what's going on. I'll always be grateful to ED for the prem days & like you say the European away nights, Bayern Munich probably being the highlight of my 40 years watching the whites.

Its just tarnished things a bit for me.

[Bruce Rioja]

Its great that ED is writing off the debt to try and attract potential investors, but I'm sorry if he allows the club to go into administration for me personally it will undo everything that he's done for us in the past and both ED & PG won't be remembered fondly....which is sad, but is how I feel at this moment in time.

Really not with you on that, mate. Nothing will ever taint the memory of those great European away nights. I'll always be eternally grateful for those.

Bruce I don't expect many to agree, they normally don't I'm used to it !! - its just how I feel at the moment with everything what's going on. I'll always be grateful to ED for the prem days & like you say the European away nights, Bayern Munich probably being the highlight of my 40 years watching the whites.

Its just tarnished things a bit for me.

Perfectly understood, PT. I'm actually alarmed at how indifferent I feel regarding current goings on. I feel that in recent years the club has divorced itself from me, not vice versa.

[Jugs]

Its great that ED is writing off the debt to try and attract potential investors, but I'm sorry if he allows the club to go into administration for me personally it will undo everything that he's done for us in the past and both ED & PG won't be remembered fondly....which is sad, but is how I feel at this moment in time.

Really not with you on that, mate. Nothing will ever taint the memory of those great European away nights. I'll always be eternally grateful for those.

Bruce I don't expect many to agree, they normally don't I'm used to it !! - its just how I feel at the moment with everything what's going on. I'll always be grateful to ED for the prem days & like you say the European away nights, Bayern Munich probably being the highlight of my 40 years watching the whites.

Its just tarnished things a bit for me.

Perfectly understood, PT. I'm actually alarmed at how indifferent I feel regarding current goings on. I feel that in recent years the club has divorced itself from me, not vice versa.

I'm of a similar mindset.

It's hard for me to get too pissed off at the moment because nobody knows what's actually going on, or what is going to become of us. We've just got this dark cloud of uncertainty hanging over us.

What's really getting to me, though, is that we look to football for a bit of a pick-me-up at the weekend after a long week of work. But with 1 win in 30 games (or something equally ridiculous), and this black cloud of administration looming in the distance that just won't shift, Bolton Wanderers are actually making me really feel downbeat.

One moment we're excited because Deano is going to save us, and then the next moment Iles is telling us he's heard worrying news. It's like you've been given brief hope that your debilitating illness is getting better, only to feel the symptoms returning.

[BWFC_Insane]

Seen someone post this on twitter and ask Marc Iles, who appears to confirm it is correct. Blimey!

[Worthy4England]

There are more charges than the one to Nucleus Commercial outstanding - there's 2 to Moonshift and one iirc to Barclays Bank PLC - all outstanding...

[BWFC_Insane]

There are more charges than the one to Nucleus Commercial outstanding - there's 2 to Moonshift and one iirc to Barclays Bank PLC - all outstanding...

It was more the alleged terms of that loan that prompted the "blimey".

[Worthy4England]

Those terms look to be fairly accurate - the document is on Companies House website. I'm not sure how that loan works with other unresolved charges to Moonshift and Barclays which also use the assets as collateral.

[BWFC_Insane]

Those terms look to be fairly accurate - the document is on Companies House website. I'm not sure how that loan works with other unresolved charges to Moonshift and Barclays which also use the assets as collateral.

I think I'm sensing the word.....mess....

So technically nucleus could block the sale of the club if they felt that they would have more profit in administering the assets?

[Chief Brody]

Hi, Palace fan here.

Firstly, let me say I would not wish this situation on any club, even Brighton. We have been there twice before and I thank the Lord, the last time has resulted in our ownership by 4 genuine fans with genuine business sense, based on a sound business model. Before our promotion, they worked on a 3 year process. Cover the losses of £1.5m a year for the first two, selling assets in the third to ensure minimal/no debt. In other words, working within our means. This is what we did with the sale of Zaha. Then start over with another three year cycle. Thankfully, we were fortunate to get promotion and we re-set the cycle. The difference is now we are able to generate a profit, rather than incur guaranteed losses.

This relinquishing of control to Nucleus reminds me so much of our loss of control with Agilo Hedge Fund. Simon Jordan did it for the same reasons it seems your board has and am sorry to say I fear for you. We were an hour away from winding-up.

I hope for your sake that there are potential owners out there that mirror our guys. Unfortunately you are experiencing the same chancers and false hopes of people and organisations that will not follow though. You may simply want anyone to step in to save you, beware of this and hope for a genuine bidder who has the club's interest at heart. And that includes sound financial management to the detriment of debt.

All the best and good luck.

[TANGODANCER]

Thanks for the sentiments and good wishes Chief Brody. It's a lousy time to be a Superwhites fan right now, but we can only hope. Cheers.

[boltonboris]

Hi, Palace fan here.

Firstly, let me say I would not wish this situation on any club, even Brighton. We have been there twice before and I thank the Lord, the last time has resulted in our ownership by 4 genuine fans with genuine business sense, based on a sound business model. Before our promotion, they worked on a 3 year process. Cover the losses of £1.5m a year for the first two, selling assets in the third to ensure minimal/no debt. In other words, working within our means. This is what we did with the sale of Zaha. Then start over with another three year cycle. Thankfully, we were fortunate to get promotion and we re-set the cycle. The difference is now we are able to generate a profit, rather than incur guaranteed losses.

This relinquishing of control to Nucleus reminds me so much of our loss of control with Agilo Hedge Fund. Simon Jordan did it for the same reasons it seems your board has and am sorry to say I fear for you. We were an hour away from winding-up.

I hope for your sake that there are potential owners out there that mirror our guys. Unfortunately you are experiencing the same chancers and false hopes of people and organisations that will not follow though. You may simply want anyone to step in to save you, beware of this and hope for a genuine bidder who has the club's interest at heart. And that includes sound financial management to the detriment of debt.

All the best and good luck.

Difference is location. You're in London.. Business men in abundance. Wealthy supporters. We have no such thing other than Davies I'd wager.

We're up shit creek - Gut instincts say to look abroad, but then it's a lottery as to what type of character you get purchasing the club.