The Debt.

[boltonboris]

I'm not at all sure Boris was blaming the fans for the way the club was run - or for the debt - I think that's a pretty sensationalist interpretation of his remarks!

Absolutely.. It was a post aimed at the people who want it both ways.

[Hoboh]

I'm not at all sure Boris was blaming the fans for the way the club was run - or for the debt - I think that's a pretty sensationalist interpretation of his remarks!

Absolutely.. It was a post aimed at the people who want it both ways.

Bi football fans! Surely not!!

[Peter Thompson]

I'm not at all sure Boris was blaming the fans for the way the club was run - or for the debt - I think that's a pretty sensationalist interpretation of his remarks!

But you would vicar !

[Bruce Rioja]

Dear me.

So, sell the first-team squad, can't replace it. Looks like youth will get its chance.

The ban makes no difference. We'd not have been signing anyone at all anyway.

Exactly what I thought.

[thebish]

feck - double feck - in more new extra bad news - we've just been served with a ban on signing any player who has played in the Champions League this season...

and I thought it couldn't get any worse...

[jonnycooper]

Blackpool Fc seems to be a very well run Club compared to us at the moment!

[Hoboh]

Looks on going.

http://www.theboltonnews.co.uk/sport/14 ... ef=mr&lp=2" onclick="window.open(this.href);return false;

Eddie and Gartside are beginning to look less and less trust worthy by the day! Every revelation makes their incompetence and half truth statements more and more harder to swallow.

[Gudnib]

Looks on going.

http://www.theboltonnews.co.uk/sport/14 ... ef=mr&lp=2" onclick="window.open(this.href);return false;

Eddie and Gartside are beginning to look less and less trust worthy by the day! Every revelation makes their incompetence and half truth statements more and more harder to swallow.

Only to those who would like to blame them for everything short of the Iraq war. What exactly did you want them to do this time last year?

[Harry Genshaw]

Looks on going.

http://www.theboltonnews.co.uk/sport/14 ... ef=mr&lp=2" onclick="window.open(this.href);return false;

Eddie and Gartside are beginning to look less and less trust worthy by the day! Every revelation makes their incompetence and half truth statements more and more harder to swallow.

Only to those who would like to blame them for everything short of the Iraq war. What exactly did you want them to do this time last year?

Personally I blame them for the situation we're in right now. Whose fault do you think it is?

[LeverEnd]

I'm not sure who else. I don't buy into this notion that this was inevitable. It's rank mismanagement.

[Gudnib]

Looks on going.

http://www.theboltonnews.co.uk/sport/14 ... ef=mr&lp=2" onclick="window.open(this.href);return false;

Eddie and Gartside are beginning to look less and less trust worthy by the day! Every revelation makes their incompetence and half truth statements more and more harder to swallow.

Only to those who would like to blame them for everything short of the Iraq war. What exactly did you want them to do this time last year?

Personally I blame them for the situation we're in right now. Whose fault do you think it is?

That's not really answering the question I raised is it?
But if we are changing the subject should Eddie Davies never have supported the club with his personal fortune OR should he have withdrawn support when Panorama tried to discredit the club and Sam Allardyce OR when Sam Allardyce decided he was too big for Bolton OR when we were relegated from the Premiership OR when we looked like we might get back up again OR when we looked like being relegated from the Championship last season, OR any number of other occasions were Eddie has been called upon to keep the club solvent?
Maybe we could blame Johnny Evans for ending Stuart Houston' career, maybe we could blame the ref for allowing Stoke's first goal in our last Premiership match OR Bogdan for taking his eye off the ball. Maybe we could blame a succession of managers who have squandered Eddie's money on overpaid players and their agents. Maybe we could blame SKY for creating a financial culture that ensures only the really wealthy clubs can compete whilst the rest struggle to survive.
No-one is denying that mistakes have been made but its not right to lay all at the door of Eddie Davies and Phil Gartside who has personally suffered more slings and arrows than is in any way justified.

[Worthy4England]

Trying to be objective about this, I suspect Davies gave plenty of notice that his financial support had reached its limit. The issue appears to be despite knowing this Gartside didn't have a plan to reduce our operating cost to a sustainable level that didn't involve loans. Sounds like Gartside was banking on extra funding coming in and it hasn't happened. For me, that's at Gartside's front door.

[Peter Thompson]

No-one is denying that mistakes have been made but its not right to lay all at the door of Eddie Davies and Phil Gartside who has personally suffered more slings and arrows than is in any way justified.

Our current financial situation is ALL down to the incompetence of Gartside, who has been allowed to seriously mis manage the club for years by Eddie Davies.

The only thing I won't blame them for is the spineless bag of shite that is Neil Lennon & Neil Lennon's players who should never wear a white shirt again.

[CrazyHorse]

Looks on going.

http://www.theboltonnews.co.uk/sport/14 ... ef=mr&lp=2" onclick="window.open(this.href);return false;

Eddie and Gartside are beginning to look less and less trust worthy by the day! Every revelation makes their incompetence and half truth statements more and more harder to swallow.

Only to those who would like to blame them for everything short of the Iraq war. What exactly did you want them to do this time last year?

Personally I blame them for the situation we're in right now. Whose fault do you think it is?

That's not really answering the question I raised is it?
But if we are changing the subject should Eddie Davies never have supported the club with his personal fortune OR should he have withdrawn support when Panorama tried to discredit the club and Sam Allardyce OR when Sam Allardyce decided he was too big for Bolton OR when we were relegated from the Premiership OR when we looked like we might get back up again OR when we looked like being relegated from the Championship last season, OR any number of other occasions were Eddie has been called upon to keep the club solvent?
Maybe we could blame Johnny Evans for ending Stuart Houston' career, maybe we could blame the ref for allowing Stoke's first goal in our last Premiership match OR Bogdan for taking his eye off the ball. Maybe we could blame a succession of managers who have squandered Eddie's money on overpaid players and their agents. Maybe we could blame SKY for creating a financial culture that ensures only the really wealthy clubs can compete whilst the rest struggle to survive.
No-one is denying that mistakes have been made but its not right to lay all at the door of Eddie Davies and Phil Gartside who has personally suffered more slings and arrows than is in any way justified.

There's no justification for the lies and the huge debt cover up that Garty and Eddie have pulled for the last couple of years though is there?

[Gudnib]

Trying to be objective about this, I suspect Davies gave plenty of notice that his financial support had reached its limit. The issue appears to be despite knowing this Gartside didn't have a plan to reduce our operating cost to a sustainable level that didn't involve loans. Sounds like Gartside was banking on extra funding coming in and it hasn't happened. For me, that's at Gartside's front door.

I would be amazed if Eddie hadn't given notice time without number that he just couldn't keep pumping in support without limit and its completely inconceivable that the board had not fully understood that throughout.
Its also inconceivable that any member of the board would have banked on extra funding coming in. The best they could hope for was buying time for performances on the pitch to improve to the extent that the club was sufficiently attractive to potential investors.
Frankly they were between a rock and a hard place.

[Gudnib]

Looks on going.

http://www.theboltonnews.co.uk/sport/14 ... ef=mr&lp=2" onclick="window.open(this.href);return false;

Eddie and Gartside are beginning to look less and less trust worthy by the day! Every revelation makes their incompetence and half truth statements more and more harder to swallow.

Only to those who would like to blame them for everything short of the Iraq war. What exactly did you want them to do this time last year?

Personally I blame them for the situation we're in right now. Whose fault do you think it is?

That's not really answering the question I raised is it?
But if we are changing the subject should Eddie Davies never have supported the club with his personal fortune OR should he have withdrawn support when Panorama tried to discredit the club and Sam Allardyce OR when Sam Allardyce decided he was too big for Bolton OR when we were relegated from the Premiership OR when we looked like we might get back up again OR when we looked like being relegated from the Championship last season, OR any number of other occasions were Eddie has been called upon to keep the club solvent?
Maybe we could blame Johnny Evans for ending Stuart Houston' career, maybe we could blame the ref for allowing Stoke's first goal in our last Premiership match OR Bogdan for taking his eye off the ball. Maybe we could blame a succession of managers who have squandered Eddie's money on overpaid players and their agents. Maybe we could blame SKY for creating a financial culture that ensures only the really wealthy clubs can compete whilst the rest struggle to survive.
No-one is denying that mistakes have been made but its not right to lay all at the door of Eddie Davies and Phil Gartside who has personally suffered more slings and arrows than is in any way justified.

There's no justification for the lies and the huge debt cover up that Garty and Eddie have pulled for the last couple of years though is there?

Can you please explain 'the lies and the huge debt cover up'? The facts and the circumstances surrounding them have been fully explained every year in the club's audited Annual Report and Accounts. The only misrepresentations I have seen have come from disgruntled supporters and the odd journo who hasn't done his homework properly.

[H. Pedersen]

Gartside should have left or been sacked a long time ago. It's been almost a decade since he made a positive contribution to the club. Coyle never thought he'd be fired which means he never had any incentive to learn from his mistakes. Result: relegation.

Correct me if I'm wrong but didn't Davies insist that Gatside stay on as a condition of a sale until recently? That surely scared people away.

[midlands exile]

Looks on going.

http://www.theboltonnews.co.uk/sport/14 ... ef=mr&lp=2" onclick="window.open(this.href);return false;

Eddie and Gartside are beginning to look less and less trust worthy by the day! Every revelation makes their incompetence and half truth statements more and more harder to swallow.

Only to those who would like to blame them for everything short of the Iraq war. What exactly did you want them to do this time last year?

Personally I blame them for the situation we're in right now. Whose fault do you think it is?

That's not really answering the question I raised is it?
But if we are changing the subject should Eddie Davies never have supported the club with his personal fortune OR should he have withdrawn support when Panorama tried to discredit the club and Sam Allardyce OR when Sam Allardyce decided he was too big for Bolton OR when we were relegated from the Premiership OR when we looked like we might get back up again OR when we looked like being relegated from the Championship last season, OR any number of other occasions were Eddie has been called upon to keep the club solvent?
Maybe we could blame Johnny Evans for ending Stuart Houston' career, maybe we could blame the ref for allowing Stoke's first goal in our last Premiership match OR Bogdan for taking his eye off the ball. Maybe we could blame a succession of managers who have squandered Eddie's money on overpaid players and their agents. Maybe we could blame SKY for creating a financial culture that ensures only the really wealthy clubs can compete whilst the rest struggle to survive.
No-one is denying that mistakes have been made but its not right to lay all at the door of Eddie Davies and Phil Gartside who has personally suffered more slings and arrows than is in any way justified.

Give it a rest. In any company, the buck stops at the top, and ED and PG have presided over quite possibly (Parma aside) the biggest implosion of a football club in history. Since Allardyce left, they have been responsible for shocking managerial appointments, terrible transfer purchases and nonsensical contract awards. Together, they also stitched up ownership of the club and have since operated with little accountability, whilst PG constantly assured everyone that there was nothing to worry about. So yes, I would lay a significant amount of blame on ED and PG - absolutely justified.

And you question of "What exactly did you want them to do this time last year?" - well, I would have liked them to have a robust and sustainable operating model already in place back then, rather than sanctioning the panic spending of money we apparently didn't have on dross that hasn't improved the squad one jot (Eidur aside).

[Worthy4England]

Trying to be objective about this, I suspect Davies gave plenty of notice that his financial support had reached its limit. The issue appears to be despite knowing this Gartside didn't have a plan to reduce our operating cost to a sustainable level that didn't involve loans. Sounds like Gartside was banking on extra funding coming in and it hasn't happened. For me, that's at Gartside's front door.

I would be amazed if Eddie hadn't given notice time without number that he just couldn't keep pumping in support without limit and its completely inconceivable that the board had not fully understood that throughout.
Its also inconceivable that any member of the board would have banked on extra funding coming in. The best they could hope for was buying time for performances on the pitch to improve to the extent that the club was sufficiently attractive to potential investors.
Frankly they were between a rock and a hard place.

If it's inconceivable that any Board member was banking on additional backers/investment (and I think that's contrary to what the statements in the Accounts were suggesting), then clearly they needed to cut much deeper and much faster. They didn't.

[midlands exile]

Personally I blame them for the situation we're in right now. Whose fault do you think it is?

That's not really answering the question I raised is it?
But if we are changing the subject should Eddie Davies never have supported the club with his personal fortune OR should he have withdrawn support when Panorama tried to discredit the club and Sam Allardyce OR when Sam Allardyce decided he was too big for Bolton OR when we were relegated from the Premiership OR when we looked like we might get back up again OR when we looked like being relegated from the Championship last season, OR any number of other occasions were Eddie has been called upon to keep the club solvent?
Maybe we could blame Johnny Evans for ending Stuart Houston' career, maybe we could blame the ref for allowing Stoke's first goal in our last Premiership match OR Bogdan for taking his eye off the ball. Maybe we could blame a succession of managers who have squandered Eddie's money on overpaid players and their agents. Maybe we could blame SKY for creating a financial culture that ensures only the really wealthy clubs can compete whilst the rest struggle to survive.
No-one is denying that mistakes have been made but its not right to lay all at the door of Eddie Davies and Phil Gartside who has personally suffered more slings and arrows than is in any way justified.

There's no justification for the lies and the huge debt cover up that Garty and Eddie have pulled for the last couple of years though is there?

Can you please explain 'the lies and the huge debt cover up'? The facts and the circumstances surrounding them have been fully explained every year in the club's audited Annual Report and Accounts. The only misrepresentations I have seen have come from disgruntled supporters and the odd journo who hasn't done his homework properly.

"Relegation won't affect us badly, we have plans in place"
"We aren't a selling club, we are a trading club"
"There's nothing to worry about regarding the finances, Eddie will see us right"

The accounts have been presented in a fashion that supported how ED and PG wanted the world to see how things were going. There are ways and means (either legal but morally suspect, or more dubious) to ensure that accounts pass audit despite not projecting the true picture of a business's health.