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bolton

Joined
24 Jul 2017
Messages
1,270
Player
tollitt
the bolton are on the verge of administration . some loan they havent or cant pay . if so -10 points that will be a hard season for them i know some people have gripes with the bolton but dont wish it on eney club. sad but sure they will pull through
 

ONIGP

Member
Joined
28 Feb 2018
Messages
128
Player
Eddie Bishop
And they've just bought Doidge for a 7 figure sum? WTF?
 

Ian

Super White!
Joined
21 Sep 2005
Messages
6,847
Player
Aldo
Yeah, some people never learn!
 
Joined
15 Mar 2010
Messages
5,811
Player
Jason Koumas
And they've just bought Doidge for a 7 figure sum? WTF?
Yes, absolutely ridiculous. Administration is almost a soft option for clubs like Bolton, and it is the local businesses (their creditors) that suffer.
 

drwhoman

Member
Joined
30 Jun 2008
Messages
1,349
Nice one MH! Did they really pay 1m or is this someone's 'joke'? BTW I heard that they could lose 12 and not 10 points. We will see.
 

drwhoman

Member
Joined
30 Jun 2008
Messages
1,349
I see that Bolton have reached a deal repaid their creditor and reduced liabilities by 1.5m. It looks like the creditor took a discount rather than risk losing more in an adminisration. Bolton have started the season ok.
 

ONIGP

Member
Joined
28 Feb 2018
Messages
128
Player
Eddie Bishop
I've slightly mixed feelings about this and any other club who are living beyond their means. One part of me thinks that clubs like our own are being penalised by having sound finances, the other has some sympathy for the fans of clubs when the chickens come home to roost. Having said that those chickens have not been doing much roosting and football clubs, especially ones that have overstretched themselves, have shown an almost unbelievable resilience. The urge to overspend to reach the league "where we belong" is a big one, especially when you consider that probably half of the 72 (including us) believe that they are competing at least one league below their "traditional" level.
 

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