Bolton

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Tricky Trevor
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Re: Bolton

Post by Tricky Trevor » Mon Jul 22, 2019 8:08 pm

As they have been locked out of the training ground I wouldn’t have thought they could give Oldham the sort of workout they need so close to the new season.
Best decision for both parties.

ClaretTony
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Re: Bolton

Post by ClaretTony » Mon Jul 22, 2019 8:10 pm

GodIsADeeJay81 wrote:Is it Oldham that's cancelled it or the players on strike still?
Oldham cancelled but Bolton have arranged a behind closed doors game. Suggestions tonight that the takeover by FV is close with the promise of a batch of new players.

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Re: Bolton

Post by Nonayforever » Mon Jul 22, 2019 8:21 pm

What player, apart from a few dyed in the wool Bolton fans, would actually want to play for Bolton ?

Tricky Trevor
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Re: Bolton

Post by Tricky Trevor » Mon Jul 22, 2019 9:15 pm

As CT writes, above, Sky suggesting takeover close and new players lined up.
https://www.skysports.com/share/11768461" onclick="window.open(this.href);return false;

dsr
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Re: Bolton

Post by dsr » Mon Jul 22, 2019 9:34 pm

ClaretTony wrote:Oldham cancelled but Bolton have arranged a behind closed doors game.
Five a side, presumably.

Devils_Advocate
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Re: Bolton

Post by Devils_Advocate » Mon Jul 22, 2019 9:34 pm

Not sure how feasible it is but Bolton should try and bring in some of the key people involved with Leicester when they went into admin. Leicester are a shining light on how to manage administration and its brilliant what their club has achieved since
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Re: Bolton

Post by RammyClaret61 » Tue Jul 23, 2019 8:00 am

Devils_Advocate wrote:Not sure how feasible it is but Bolton should try and bring in some of the key people involved with Leicester when they went into admin. Leicester are a shining light on how to manage administration and its brilliant what their club has achieved since
That would be a Leicester City that achieved what they did from a starting position they should never have been at.

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Re: Bolton

Post by Devils_Advocate » Tue Jul 23, 2019 9:35 am

RammyClaret61 wrote:That would be a Leicester City that achieved what they did from a starting position they should never have been at.
Yes like i said after entering admin they did brilliantly and Bolton could do worse than look at them as an example

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Re: Bolton

Post by TVC15 » Tue Jul 23, 2019 9:45 am

Devils_Advocate wrote:Not sure how feasible it is but Bolton should try and bring in some of the key people involved with Leicester when they went into admin. Leicester are a shining light on how to manage administration and its brilliant what their club has achieved since
Yes that would be good for Bolton as a club you are correct.
Not sure how good it would be for the many individuals and small businesses who are owed money by them. I seem to remember Leicester owing the building contractor £7m and their failure to pay a penny meant they went bust and everyone was made redundant. At the same time Leicester under the ridiculous footballer creditor rule were allowed to continue to pay a long term injured Muzzy Izzet £30k a week (a lot of money back then).
Bolton’s current situation is far worse than Leicester’s was though - they have very little or nothing by way of assets.
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Re: Bolton

Post by Devils_Advocate » Tue Jul 23, 2019 9:55 am

TVC15 wrote:Yes that would be good for Bolton as a club you are correct
Glad we agree

TVC15
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Re: Bolton

Post by TVC15 » Tue Jul 23, 2019 10:03 am

Aye - but personally i’d rather small businesses and individuals got the money they were owed than accountants make a fortune out of their administration fees and the incompetent people running Bolton come out of this with something good at others expense.
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ecc
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Re: Bolton

Post by ecc » Wed Jul 24, 2019 12:21 pm

Kieran Maguire, who seems to be widely acknowledged as a sound analyst of football finance, has tweeted this about the Administrators:

"They have been working at an average of £376 per HOUR."

aggi
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Re: Bolton

Post by aggi » Wed Jul 24, 2019 12:46 pm

ecc wrote:Kieran Maguire, who seems to be widely acknowledged as a sound analyst of football finance, has tweeted this about the Administrators:

"They have been working at an average of £376 per HOUR."
Seems maybe slightly high but not particularly. I imagine the main guys are probably charged out at £600+ an hour and it is brought down by cheaper members of staff. This looks like it would involve a lot of high level time though so it isn't surprising.

TVC15
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Re: Bolton

Post by TVC15 » Wed Jul 24, 2019 1:02 pm

ecc wrote:Kieran Maguire, who seems to be widely acknowledged as a sound analyst of football finance, has tweeted this about the Administrators:

"They have been working at an average of £376 per HOUR."
Vultures feeding on a football carcass

Chester Perry
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Re: Bolton

Post by Chester Perry » Wed Jul 24, 2019 2:41 pm

That full tweet by @KieranMaguire is a thing to behold

https://twitter.com/KieranMaguire/statu ... 7367990272" onclick="window.open(this.href);return false;

on the whole the fees charging thing is overblown I think probably a deliberate misunderstanding of the costs for any organisation that earns revenue by fee charging - they have their whole infrastructure, training, development, admin, insurances and equipment to pay for and they do not come cheap in London - some of the expenses though - hmmm

TVC15
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Re: Bolton

Post by TVC15 » Wed Jul 24, 2019 3:12 pm

Chester Perry wrote:That full tweet by @KieranMaguire is a thing to behold

https://twitter.com/KieranMaguire/statu ... 7367990272" onclick="window.open(this.href);return false;

on the whole the fees charging thing is overblown I think probably a deliberate misunderstanding of the costs for any organisation that earns revenue by fee charging - they have their whole infrastructure, training, development, admin, insurances and equipment to pay for and they do not come cheap in London - some of the expenses though - hmmm
It’s a disgrace - never liked Bolton as a club but actually starting to feel sorry for their supporters.
The last picture on that link is actually vultures feeding on a carcass - like I said !!!

occ-claret
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Re: Bolton

Post by occ-claret » Wed Jul 24, 2019 3:33 pm

All administrators in any business charge a fortune

aggi
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Re: Bolton

Post by aggi » Wed Jul 24, 2019 3:42 pm

Chester Perry wrote:That full tweet by @KieranMaguire is a thing to behold

https://twitter.com/KieranMaguire/statu ... 7367990272" onclick="window.open(this.href);return false;

on the whole the fees charging thing is overblown I think probably a deliberate misunderstanding of the costs for any organisation that earns revenue by fee charging - they have their whole infrastructure, training, development, admin, insurances and equipment to pay for and they do not come cheap in London - some of the expenses though - hmmm
I know both of the firms involved. The insolvency practitioners are decent with previous football experience but there are plenty of others who would be much more expensive. The law firm is pretty high end (although by no means the most expensive) and their charge-out rates will be significantly higher than those given for the IPs.

As you say, if you employ City firms then they are not going to come cheap (I can't remember far enough back to remember how they ended up being appointed).

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Re: Bolton

Post by dsr » Wed Jul 24, 2019 4:13 pm

Chester Perry wrote:That full tweet by @KieranMaguire is a thing to behold

https://twitter.com/KieranMaguire/statu ... 7367990272" onclick="window.open(this.href);return false;

on the whole the fees charging thing is overblown I think probably a deliberate misunderstanding of the costs for any organisation that earns revenue by fee charging - they have their whole infrastructure, training, development, admin, insurances and equipment to pay for and they do not come cheap in London - some of the expenses though - hmmm
Thirty years ago, getting a license to practise insolvency was a lot easier and most accountants could do it, at much lower rates than these are charging. But they made the qualification rules and the training rules and above all the box-ticking rules, much harder to do, witrh the intention of squeezing the market and making it a much more expensive job for the boys on the inside while freezing out the small practitioners. Thus making sure that even the simplest insolvencies have to go to the big firms because the small firms are no longer allowed to do it.

randomclaret2
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Re: Bolton

Post by randomclaret2 » Sat Jul 27, 2019 10:10 am

Danny Lafferty is training with them...things must be really bad

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Re: Bolton

Post by Clarets4me » Sat Jul 27, 2019 11:43 am

randomclaret2 wrote:Danny Lafferty is training with them...things must be really bad
For Danny ?
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Chester Perry
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Re: Bolton

Post by Chester Perry » Sat Jul 27, 2019 1:39 pm

@KieranMaguire has now got hold of the Administrators filings on Burnden Leisure - he takes another swipe at the administrators

https://twitter.com/KieranMaguire/statu ... 5315577856" onclick="window.open(this.href);return false;

Meanwhile @AndyhHolt (Accy Chairman/owner) is getting a right battering off Bolton fans for this tweet

https://twitter.com/AndyhHolt/status/11 ... 8671595522" onclick="window.open(this.href);return false;

as is always the case they have taken it out of context of all he has tweeted today and previously on the subject

GodIsADeeJay81
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Re: Bolton

Post by GodIsADeeJay81 » Sat Jul 27, 2019 1:41 pm

The Bolton fans don't have a clue tbh, they never have and were never interested until it's all gone wrong.

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Re: Bolton

Post by Chester Perry » Sat Jul 27, 2019 1:48 pm

GodIsADeeJay81 wrote:The Bolton fans don't have a clue tbh, they never have and were never interested until it's all gone wrong.
They still don't get that Eddie Davis effectively killed the club with love - same could be said by a number on here who want that kind of investment or the Geordies demanding to know where the money had gone at Ashley when the club owe him over £110m and he doesn't charge interest or take payments to reduce the debt and has stated he won't take it until the club is sold
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Chester Perry
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Re: Bolton

Post by Chester Perry » Mon Jul 29, 2019 12:39 pm

along with Bury given till 5 pm today to sort things out or first game suspended

https://www.bbc.co.uk/sport/football/49153314" onclick="window.open(this.href);return false;

Royboyclaret
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Re: Bolton

Post by Royboyclaret » Mon Jul 29, 2019 12:45 pm

Chester Perry wrote:along with Bury given till 5 pm today to sort things out or first game suspended

https://www.bbc.co.uk/sport/football/49153314" onclick="window.open(this.href);return false;
You have to wonder just what use an extra five hours is going to be to Stewart Dale at Bury.........looks like he's in for a busy afternoon. What happened to the midday deadline?

NL Claret
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Re: Bolton

Post by NL Claret » Mon Jul 29, 2019 12:54 pm

Royboyclaret wrote:You have to wonder just what use an extra five hours is going to be to Stewart Dale at Bury.........looks like he's in for a busy afternoon. What happened to the midday deadline?
It's Steve Dale Roy! Stewart Day was the previous chairman. SD1 and SD2 is how they are referred to.

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Re: Bolton

Post by tiger76 » Mon Jul 29, 2019 12:59 pm

Chester Perry wrote:along with Bury given till 5 pm today to sort things out or first game suspended

https://www.bbc.co.uk/sport/football/49153314" onclick="window.open(this.href);return false;
Surely if neither club can fulfil their fixtures,it should automatically be a 3-0 win for their opposition,why should MK Dons and Wycombe suffer because of the incompetence of other clubs,when they've done nothing wrong.

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Re: Bolton

Post by Falcon » Mon Jul 29, 2019 1:09 pm

To be fair they'd probably prefer to play the team of youth players who haven't had any training for months. Likely to help the goal difference a lot more than a 3-0 w/o win.

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Re: Bolton

Post by RT88 » Mon Jul 29, 2019 1:09 pm

tiger76 wrote:Surely if neither club can fulfil their fixtures,it should automatically be a 3-0 win for their opposition,why should MK Dons and Wycombe suffer because of the incompetence of other clubs,when they've done nothing wrong.
When Bolton's game against Brentford wasn't played last season, Brentford were awarded 3 points on the basis of a 1-0 win.

Chester Perry
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Re: Bolton

Post by Chester Perry » Mon Jul 29, 2019 1:16 pm

from Bolton News - a bit more detail and local comment

https://www.theboltonnews.co.uk/sport/1 ... -go-ahead/" onclick="window.open(this.href);return false;

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Re: Bolton

Post by DAVETHEVICAR » Mon Jul 29, 2019 1:26 pm

Nixon is saying that FV the consortium buying Bolton have offered to pay outstanding Player Wages at 20% now and the rest spread over the next two years
The PFA are allegedly encouraging the players to accept because they would get nothing if Club go into liquidation

Bin Ont Turf
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Re: Bolton

Post by Bin Ont Turf » Mon Jul 29, 2019 1:29 pm

Have they not bloody gone yet?

Go on, be gone with yer.

ClaretTony
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Re: Bolton

Post by ClaretTony » Mon Jul 29, 2019 1:30 pm

DAVETHEVICAR wrote:Nixon is saying that FV the consortium buying Bolton have offered to pay outstanding Player Wages at 20% now and the rest spread over the next two years
The PFA are allegedly encouraging the players to accept because they would get nothing if Club go into liquidation
There is a requirement that all football debts, and that includes wages, be paid 100%.

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Re: Bolton

Post by Colburn_Claret » Mon Jul 29, 2019 1:45 pm

DAVETHEVICAR wrote:Nixon is saying that FV the consortium buying Bolton have offered to pay outstanding Player Wages at 20% now and the rest spread over the next two years
The PFA are allegedly encouraging the players to accept because they would get nothing if Club go into liquidation
Surely if they cant pay the full amount now, there's a good chance they might not get the rest over the next 2 years. If the consortium is that brassic it would only be papering over the cracks.
In the long run they are better off being liquidated. Reform as Bolton 2020 and start again at the bottom of the pyramid. It would give the fans a chance at running the club, and it's a better alternative to having no team at all.

fatboy47
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Re: Bolton

Post by fatboy47 » Mon Jul 29, 2019 1:49 pm

But....But....Eddie doesnt want his brass back !!

Yeah right ...bunch of scabby douche bags.

Get it up ya!

No tears here.

Just sayin like...
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Lord Beamish
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Re: Bolton

Post by Lord Beamish » Mon Jul 29, 2019 2:01 pm

fatboy47 wrote:But....But....Eddie doesnt want his brass back !!

Yeah right ...bunch of scabby douche bags.

Get it up ya!

No tears here.

Just sayin like...
I can’t say I feel the same about Bury, but I would not bat an eyelid if Bolton went belly-up.
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fatboy47
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Re: Bolton

Post by fatboy47 » Mon Jul 29, 2019 2:03 pm

Lord Beamish wrote:I can’t say I feel the same about Bury, but I would not bat an eyelid if Bolton went belly-up.
Same....Bury didnt fly bare-arsed over Turf Moor aiming a sequence of sloppy turds in our direction whilst wetting their knickers as Fat Phil plotted our demise.
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dpinsussex
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Re: Bolton

Post by dpinsussex » Mon Jul 29, 2019 2:05 pm

Roll on 5pm :)
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randomclaret2
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Re: Bolton

Post by randomclaret2 » Mon Jul 29, 2019 2:05 pm

Thats quite an image...

bfcmik
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Re: Bolton

Post by bfcmik » Mon Jul 29, 2019 2:12 pm

dpinsussex wrote:Roll on 5pm :)
When the announcement that the deadline has been extended til 9.30am tomorrow is made! Last final chance and all that from the EFL

ClaretTony
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Re: Bolton

Post by ClaretTony » Mon Jul 29, 2019 2:40 pm

bfcmik wrote:When the announcement that the deadline has been extended til 9.30am tomorrow is made! Last final chance and all that from the EFL
Sums up the league doesn't it? They issue a deadline and then extend it for no obvious reason.

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Re: Bolton

Post by GodIsADeeJay81 » Mon Jul 29, 2019 2:53 pm

Chester Perry wrote:from Bolton News - a bit more detail and local comment

https://www.theboltonnews.co.uk/sport/1 ... -go-ahead/" onclick="window.open(this.href);return false;
I see some comments still blaming the EFL

ClaretTony
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Re: Bolton

Post by ClaretTony » Mon Jul 29, 2019 2:59 pm

GodIsADeeJay81 wrote:I see some comments still blaming the EFL
Well they are an organisation who have hardly covered themselves in glory - it has become a shambles of a league.

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Re: Bolton

Post by ŽižkovClaret » Mon Jul 29, 2019 3:02 pm

Die Bolton Die.

The smug, patronising gits are still fresh in my ears
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bfcjg
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Re: Bolton

Post by bfcjg » Mon Jul 29, 2019 3:06 pm

Boxit getting tedious.
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Re: Bolton

Post by NottsClaret » Mon Jul 29, 2019 3:10 pm

If it were the old Bolton Wanderers playing at Burnden Park in Bolton who my Grandad supported, I'd be hopeful they sort it out.

But this club from a Horwich retail park I couldn't care less about, whether they struggle on or die this week.
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Re: Bolton

Post by DAVETHEVICAR » Mon Jul 29, 2019 3:13 pm

Bolton players owed 6 months pay are apparently furious of the offer of pay on the never /never.
July pay due on Wednesday and FV need the hotel as well as club as the Hotel makes money to help fund club.
This is why the deal is dragging on and on
Administrators for Hotel say deal still weeks away.
FL , FV, Club Administrators are putting pressure on Hotel Administrators to conclude quickly in favour of FV.
Davies family not happy with the FV offer
What a Mess

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Re: Bolton

Post by randomclaret2 » Mon Jul 29, 2019 3:16 pm

Apparently a PL 'solidarity' payment is due to them on 1st August which will give them another few days breathing space

ClaretTony
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Re: Bolton

Post by ClaretTony » Mon Jul 29, 2019 3:22 pm

randomclaret2 wrote:Apparently a PL 'solidarity' payment is due to them on 1st August which will give them another few days breathing space
I doubt that will help them get something sorted by 5 tonight so they can play this Saturday at Wycombe.

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