If you think we are in a mess | Vital Football

If you think we are in a mess

ZAKKY

Vital Football Hero
If you thought a 6-0 trouncing at Hull City on New Years’ Day meant a bad start to 2019 for Bolton Wanderers then you may want to stop reading now. Because a rollercoaster of doom has trumped it just three days later, in a series of bad news stories that the plot-writers of Dream Team would deem too unrealistic to befall the fictional Harchester United (credit editor Eddie for that reference).


Firstly, this morning Wanderers fans woke up to news that a trio of players - Christian Doidge, Remi Matthews and Gary O’Neil - are unlikely to be available for tomorrow’s FA Cup clash with Walsall due to a “registration embargo.”


The EFL has blocked the availability of Doidge and Matthews - who joined in the summer on loan deals from Forest Green Rovers and Norwich City respectively, with the agreement that permanent moves and transfer fees would be completed in January - and O’Neil - who was on a short-term contract until the start of January - due to the fact that the club owes money to at least one football creditor. In theory, the trio won’t be available for selection until the debt to said creditor is paid off.


And that brings us nicely onto the next bombshell, as The Times reported that Bolton’s players’ wages in November and December were paid by the PFA - contrary to club owner Ken Anderson’s previous claim that he had “personally funded” the players’ wages.


This article also references that the £5 million loan paid to Anderson by previous owner Eddie Davies to save the club from the latest HMRC winding-up petition “must be repaid in March.” Considering we’re struggling to not only pay our players but also pay the agreed fees for Doidge and Matthews, that pending repayment seems highly unlikely.


Next in the conveyor belt of misery was the revelation that The Bolton Whites Hotel - the hotel on the site of the University of Bolton Stadium - has been issued a winding-up petition by HMRC. Further details of this, and how it may affect the football club, are currently unknown.
 
Given the Pfa paid the players I wonder if Anderson paid the monies due to hmrc as otherwise I expect them to be issuing another winding up order in respect of this.

They also failed to pay an outstanding invoice to a company that supplies their club shop - said company are apparently reclaiming stock as we speak!

Whilst laughable it's shambolic really. Given his history Anderson should never have been allowed to buy the club. Now Davis is deceased I wonder who will bail him out next? Administration for them seems a realistic prospect.
 
If you think we are in a mess

A run of bad form not a mess
 
Anderson FFS. One dodgy get. Bolton supporters were warned about him before he took control. To think that this fella acquired the club for virtually nothing with a huge chunk of their debts cleared as they were debts to their former owner.
Don't think they're going to escape going pop this time. What a mess.
 
You've got to feel for any football fan who have seen their club ran into the ground / fall apart like that.

We are in a mess on the pitch but what Bolton are going through really shows just how bad it can get if the people running the club get it so wrong.

Bolton lived way beyond their means for years in the Prem days and when the money was flowing and once you rack up that level of debt it spirals out of control and it becomes virtually impossible to ever pay it off. At one point when our debt was something like 10m theirs was 200m and they made no attempt to ever balance the books.

Even in the Championship their wage bill was ridiculous and just 3 or 4 years ago they were still giving out 4 year 20k a week contracts to the likes of Ben Amos despite the fact they had zero chance of promotion, expiring parachute payments and all the debt piled up. Utter madness.

It's an inescapable reality in football or anything else in life that if you keep borrowing eventually it will have to be paid back down the line. It's a good example that shows how well we've done to keep our debts so under control as us and Bolton are pretty similar sizes and were in the Prem at the same time.
 
Something labour and its supporters fundamentally fail to grasp.

Didnt the tories borrow far more than labour ever did, and isnt brexit costing even more...... But the UK is a country so can pay it back no problem, Bolton is a middle sized footfall club that that at present are almost bankrupt, they was until the very generous bloke wiped their debts.

So what has politics got to do with that. Shit stirring i think

Keep it to the football
 
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Your favourite hobby it seems.

No i respond to some of the nonsense that some spouted on here. I perhaps shouldnt but its so easy why not. Any go on did the tories spend and borrow more than labour? Or dont you know