Bolton

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ClaretTony
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Re: Bolton

Post by ClaretTony » Wed Aug 28, 2019 8:28 am

thelaughingclaret wrote:What was the general consensus of the other league clubs when the two south eastern clubs of Aldershot and Maidstone went bust in 1992? I imagine a similar outcome this time around.
Totally different though in that those two clubs closed down. I don’t think I can recall a club being thrown out of the league previously.

Longside4evr
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Re: Bolton

Post by Longside4evr » Wed Aug 28, 2019 8:49 am

ClaretTony wrote:Totally different though in that those two clubs closed down. I don’t think I can recall a club being thrown out of the league previously.
I think also Darlington 2012 season

ClaretTony
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Re: Bolton

Post by ClaretTony » Wed Aug 28, 2019 8:52 am

Longside4evr wrote:I think also Darlington 2012 season
They were non league though by then weren’t they?

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Re: Bolton

Post by Longside4evr » Wed Aug 28, 2019 8:57 am

Football Association yes they were Reynolds run them into the ground with his big ideas

FactualFrank
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Re: Bolton

Post by FactualFrank » Wed Aug 28, 2019 9:26 am

So without reading the entire thread, if Bolton were to go down to non-league, can they still function and try and get their way back up?

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Re: Bolton

Post by FactualFrank » Wed Aug 28, 2019 9:29 am

Actually, I think I've found the answer to my own question, with what's happened with Bury:

Before Saturday's announcement, the EFL said if the Shakers were expelled the club would "be free to make an application to the Football Association to rejoin league competition further down the English football pyramid from season 2020-21".

Chester Perry
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Re: Bolton

Post by Chester Perry » Wed Aug 28, 2019 9:35 am

Chester Perry wrote:probably because his statement about liquidation was predicated on EFL kicking them out tonight
more positive today after being given the 14 days

https://twitter.com/MarcIles/status/1166627260914393088" onclick="window.open(this.href);return false;

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Re: Bolton

Post by aggi » Wed Aug 28, 2019 10:03 am

FactualFrank wrote:So without reading the entire thread, if Bolton were to go down to non-league, can they still function and try and get their way back up?
They'd struggle to afford the ground unless it was subsidised by the council (like Stockport) or similar. They'd probably have to reform and play somewhere much smaller and although they'd probably have enough of a fanbase to progress up quite a few levels they'd probably lose enough support (and have the issues with the ground) to make it difficult to get back to the level they were at.
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Chester Perry
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Re: Bolton

Post by Chester Perry » Wed Aug 28, 2019 11:23 am

Nixon with a whole barrage of tweets that effectively says that there are two bidders for the hotel a "Manchester" guy as he refers to him and Football Ventures, whoever wins that is likely to get the club. Manchester guy is flush with cash and will pay up front - therefore deals with Administrators only, FV need to negotiate with Anderson and the Davies family Trust as they cannot pay upfront.

Without knowing anything about the Manchester guy I am pretty sure which scenario most including the EFL would prefer

ClaretLoup
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Re: Bolton

Post by ClaretLoup » Wed Aug 28, 2019 11:29 am

Re the hotel at Horwich. I seem to remember reading that it made a loss of about circa £1 million per year and therefore had the opposite effect to that intended on Bolton's finances.

Let's hope the BFC board don't get any daft ideas about investing the spare dry powder and stick to what they know best.

Chester Perry
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Re: Bolton

Post by Chester Perry » Wed Aug 28, 2019 11:30 am

ClaretLoup wrote:Re the hotel at Horwich. I seem to remember reading that it made a loss of about circa £1 million per year and therefore had the opposite effect to that intended on Bolton's finances.

Let's hope the BFC board don't get any daft ideas about investing the spare dry powder and stick to what they know best.
Hotel is the only thing that makes money, even during admin it has had some minor upgrades

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Re: Bolton

Post by Stan Tastic » Wed Aug 28, 2019 11:54 am

This is from another football forum from a Bolton fan.
Burnley will continue to be an oasis of common sense. Owen Coyle was so far off the mark when he said we were 10 years ahead of them
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Re: Bolton

Post by ZizkovClaret » Wed Aug 28, 2019 11:57 am

Chester Perry wrote:Nixon with a whole barrage of tweets that effectively says that there are two bidders for the hotel a "Manchester" guy as he refers to him and Football Ventures, whoever wins that is likely to get the club. Manchester guy is flush with cash and will pay up front - therefore deals with Administrators only, FV need to negotiate with Anderson and the Davies family Trust as they cannot pay upfront.

Without knowing anything about the Manchester guy I am pretty sure which scenario most including the EFL would prefer
Just imagine if "Manchester guy" was Flood.....

bfcjg
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Re: Bolton

Post by bfcjg » Wed Aug 28, 2019 12:39 pm

Property guy who just wants a hotel, what would be great next to hotel ? A sports complex and retail. He wont want Bolton he will flatten it and build a leisure centre.

Chester Perry
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Re: Bolton

Post by Chester Perry » Wed Aug 28, 2019 12:43 pm

bfcjg wrote:Property guy who just wants a hotel, what would be great next to hotel ? A sports complex and retail. He wont want Bolton he will flatten it and build a leisure centre.

Which is obviously why he has employed a football specialst to help him through the process

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Re: Bolton

Post by bfcjg » Wed Aug 28, 2019 12:52 pm

Chester Perry wrote:Which is obviously why he has employed a football specialst to help him through the process
So he doesnt know anything about football then ?

Chester Perry
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Re: Bolton

Post by Chester Perry » Wed Aug 28, 2019 12:57 pm

bfcjg wrote:So he doesnt know anything about football then ?
it would seem not enough to do it himself - that or is being careful, which I would see only as a positive thing (no knowing what the quality of the specialist is at this time though)

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Re: Bolton

Post by ClaretLoup » Wed Aug 28, 2019 1:00 pm

Chester Perry wrote:Hotel is the only thing that makes money, even during admin it has had some minor upgrades
Made losses of half a million in both 2016 and 2017

https://www.bwfc.co.uk/siteassets/docum ... counts.pdf" onclick="window.open(this.href);return false;

I don't think the figures for 2018 have been submitted yet, however the hotel company owned by Ken Anderson is in Administration and up for sale for £7 million.

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Re: Bolton

Post by Tricky Trevor » Wed Aug 28, 2019 1:27 pm

ZizkovClaret wrote:Just imagine if "Manchester guy" was Flood.....
Or Steve Dale?

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Re: Bolton

Post by ZizkovClaret » Wed Aug 28, 2019 1:45 pm

Tricky Trevor wrote:Or Steve Dale?
Jeez

DAVETHEVICAR
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Re: Bolton

Post by DAVETHEVICAR » Wed Aug 28, 2019 5:42 pm

The Hotel makes money every year
The years it shows losses were due to the Club owing the Hotel more money than the losses shown

Murger
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Re: Bolton

Post by Murger » Wed Aug 28, 2019 6:11 pm

https://t.co/HUrXBKeVB2" onclick="window.open(this.href);return false;

Drat.

icu81b4
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Re: Bolton

Post by icu81b4 » Wed Aug 28, 2019 6:15 pm

They are safe, just been bought.

Announcement on their website
Last edited by icu81b4 on Wed Aug 28, 2019 6:16 pm, edited 1 time in total.

Dark Cloud
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Re: Bolton

Post by Dark Cloud » Wed Aug 28, 2019 6:15 pm

Well I didn't see that coming! I was expecting they'd be following Bury out the door any day.

FactualFrank
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Re: Bolton

Post by FactualFrank » Wed Aug 28, 2019 6:16 pm

Link: https://www.bwfc.co.uk/news/2019/august ... anderers3/" onclick="window.open(this.href);return false;

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Re: Bolton

Post by minnieclaret » Wed Aug 28, 2019 6:19 pm

very telling from the administrators.
"The Trust were forced to constantly compromise their position in the face of circumstances and demands which were wholly unreasonable. This says much about their determination not to allow Eddie's beloved Bolton Wanderers to suffer any longer at the hands of Ken Anderson.

"Sadly, Mr Anderson has used his position as a secured creditor to hamper and frustrate any deal that did not benefit him or suit his purposes. Thankfully, with the assistance of the Trust and others, we were able to overcome this obstacle.

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Re: Bolton

Post by Cleveleys_claret » Wed Aug 28, 2019 6:19 pm

Is there scope for another club in Milton Keynes?

FCBurnley
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Re: Bolton

Post by FCBurnley » Wed Aug 28, 2019 6:21 pm

Sounds like Eddie just keeps on giving.

1HappyClaret
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Re: Bolton

Post by 1HappyClaret » Wed Aug 28, 2019 6:22 pm

‪How can an Administrator take a deal for the Hotel when it is not the best offer. The administrators roll is to get the best deal for the hotel. Surely this has to be against the law.

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Re: Bolton

Post by ZizkovClaret » Wed Aug 28, 2019 6:25 pm

Shame

elwaclaret
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Re: Bolton

Post by elwaclaret » Wed Aug 28, 2019 6:29 pm

Bolton takeover complete according to Nw News

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Re: Bolton

Post by tiger76 » Wed Aug 28, 2019 6:34 pm

Typical you just knew they'd wriggle out of trouble at the last minute,few details yet so the small print could be crucial.

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Re: Bolton

Post by willsclarets » Wed Aug 28, 2019 6:42 pm

I really don't understand the sentiment from some that they'd rather see Bolton cease to exist. The significance of some John McGinlay shenanigans and the turncoats Owen Coyle/Steve Davis doesn't really add up to much stacked against a history tracing back to 1874, scoring the first goal ever at the Wembley stadium in the White Horse Final and fielding players like Nat Lofthouse just for starters. I'm delighted they haven't gone under.
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Dark Cloud
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Re: Bolton

Post by Dark Cloud » Wed Aug 28, 2019 6:59 pm

TBH there's a hell of a long way to go for The Trotters yet. They're nailed on to be in League 2 next season, they need to sign some players sharpish (are they even allowed??) and once the dust settles on all this they'll be packing 4,500 into the University of Bolton ( :roll: ) Stadium and losing money hand over fist every match day (and those in between).

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Re: Bolton

Post by ZizkovClaret » Wed Aug 28, 2019 7:05 pm

Worst case scenario imho this.

RIP Bury, F**k Bolton

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Re: Bolton

Post by elwaclaret » Wed Aug 28, 2019 7:07 pm

Dark Cloud wrote:TBH there's a hell of a long way to go for The Trotters yet. They're nailed on to be in League 2 next season, they need to sign some players sharpish (are they even allowed??) and once the dust settles on all this they'll be packing 4,500 into the University of Bolton ( :roll: ) Stadium and losing money hand over fist every match day (and those in between).
If the transfer embargo is lifted... there will be another chorus of “foul” teams amassing goal difference will cause major issues for those facing a “full syrength” squad later in the season.

thelaughingclaret
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Re: Bolton

Post by thelaughingclaret » Wed Aug 28, 2019 10:31 pm

Whoever has bought them must have more money then sense. Wriggled out of it due to being a bigger club then bury.

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Re: Bolton

Post by Nonayforever » Wed Aug 28, 2019 10:39 pm

Wow, what a statement from the administrators.

They really have laid the bones out to dry with that.

It really does amaze me sometimes how the likes of Anderson are allowed to prosper.

As the statement mentions, they have a long hard road in front of them but it's a better route than Bury's.

Well done the administrators.

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Re: Bolton

Post by ElectroClaret » Sat Aug 31, 2019 7:17 pm

Appointed Keith Hill manager.

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Re: Bolton

Post by tiger76 » Sat Aug 31, 2019 8:21 pm

elwaclaret wrote:If the transfer embargo is lifted... there will be another chorus of “foul” teams amassing goal difference will cause major issues for those facing a “full syrength” squad later in the season.
They shipped 5 more at Gillingham today,i think that's the 4th match in a row they've been napped,i wonder who is going to go there,League 2 football is nailed on baring a Bournemouth style escape,and there must still be :?: marks over the state of the club longer-term.

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Re: Bolton

Post by Clarets4me » Sat Aug 31, 2019 8:54 pm

I wonder if I can get odds for Bolton to be Champions of league 2 for the 2000-21 season, right now ...

If the good people of Bolton realise how close they came to losing their Club, get behind them, and the new owners are as they appear to be, they'll have a great chance ... 8-)

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Re: Bolton

Post by BennyD » Sat Aug 31, 2019 9:02 pm

Stan Tastic wrote:This is from another football forum from a Bolton fan.
And thats probably why he disappeared to whence he came from. Despite what he did for us, personal hubris has completely ****** him.

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Re: Bolton

Post by FCBurnley » Sat Aug 31, 2019 9:03 pm

Have they agreed to lose every game 5-0 with EFL ? Bit like racial equality !!

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Re: Bolton

Post by Clarets4me » Sat Aug 31, 2019 9:44 pm

ElectroClaret wrote:Appointed Keith Hill manager.
The same ex- B*****d Keith Hill who was part of the Plymouth Argyle back 4 sent out by Shilton to kick us ( specifically Eyres, Heath and McMinn ) off the park in the 1993-94 play offs .... forgive me if I'm not feeling the love just yet ...

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Re: Bolton

Post by BennyD » Sat Aug 31, 2019 10:17 pm

It'll be a hell of a non-league stadium, thats for sure. It's such a shame that Davis spent £190m just delaying the inevitable. It makes you wonder why such a business brain would have spunked so much money on such a worthless project when his losses went hurtling past £15-20m. I guess pricks like Horseface assured him it was money well spent. If he's not spinning in his grave he fuCKin should be.

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Re: Bolton

Post by TVC15 » Sun Sep 01, 2019 7:38 am

1HappyClaret wrote:‪How can an Administrator take a deal for the Hotel when it is not the best offer. The administrators roll is to get the best deal for the hotel. Surely this has to be against the law.
Check out what happened at Leeds a few years ago when that obnoxious fat bas-tard Ken Bates bought them - that deal broke all the rules.
For what ever reason football seems to get to make up its own laws.

Chester Perry
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Re: Bolton

Post by Chester Perry » Mon Sep 02, 2019 1:30 pm

It is on the Magic Money Tree thread - but I will put it here for those that do not read that

Bolton's new owners begin their reign with loans amounting to £40m from two of their number at 4% interest p.a.

https://twitter.com/KieranMaguire/statu ... 8374417408" onclick="window.open(this.href);return false;

now then - does that strike you as a good idea?

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Re: Bolton

Post by bfcmik » Mon Sep 02, 2019 2:25 pm

Chester Perry wrote:Bolton's new owners begin their reign with loans amounting to £40m from two of their number at 4% interest p.a.
4% is a great rate of interest for the club. I'm sure Flood's loans to BFC were at much higher rates of return. If they pay off all their debt with the cash then they will be on the road to sustainability - assuming they can get some more players!

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Re: Bolton

Post by FCBurnley » Mon Sep 02, 2019 2:36 pm

BennyD wrote:It'll be a hell of a non-league stadium, thats for sure. It's such a shame that Davis spent £190m just delaying the inevitable. It makes you wonder why such a business brain would have spunked so much money on such a worthless project when his losses went hurtling past £15-20m. I guess pricks like Horseface assured him it was money well spent. If he's not spinning in his grave he fuCKin should be.
Gartside was the crook in chief

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Re: Bolton

Post by BennyD » Mon Sep 02, 2019 3:02 pm

Absolutely, he was also the guy that poached Horseface.

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