Basically they’re fucked not coz of Anderson (though he isn’t helping) but because of previous people in charge who thought they could spend Eddie Davies money like it grew on trees and didn’t need to budget.
Regardless of whether he was ever going to ask for that back, it meant that when Davies said he was spending no more they had enormous spending commitments and no way at all of covering those shy of selling all their assets
I warned my Bolton supporting mates that the pigeons would come home to roost but they dismissed it just like I heard their owner do on radio when their debt hit £120mill coz “most of that’s owed to eddie Davies and he’s never going to ask for it back”!! ????
I’ve never seen a club so horribly mismanaged and ignore all the warning signs that have been going back years
Exactly Loudmouthblue and Bongsman,
You are spot on. All those years of laughing as they recruited the likes of Djorkaeff, Hierro, Campo, Okocha etc etc and smirking at other clubs supporters. Yes, they may have been free transfers, but their wages would be sky high.
A lot of their fans won't accept this, though. They seem to think that was all paid off and taken care of. What about all those multi millions of TV money as well?
Just terrible terrible management. When Davies sold the club for £1 to Dean Holdsworth, he must have seen all this coming and wanted out. Don't blame him.
In all honesty, when it goes back to court, they need liquidating. Not administration, liquidating. Its a disgrace if they escape again, an absolute disgrace. Their fans are now going on about running it as a 'community' club, like Bournemouth once did. But surely that's just fantasy. Their deadline in court is May 8th..seasons over so they wont have the EFL to hide behind this time, to ensure fixtures are fulfilled.
Fridays game against Villa is in the balance yet, the safety certificate to be withdrawn today, if Anderson doesnt guarantee the staff. And hes on a jolly in America.