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Home: All Other Football Interests: Premier League & Football League:
Bolton Wanderers "hours from administration"

 

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paulh66
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Sep 10, 2018, 10:10 PM

Posts: 19241
Location: Surrey
Team(s): Tranmere Rovers, South Liverpool (the South will rise again), Cammell Laird

Post #1 of 107 (34945 views)
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Bolton Wanderers "hours from administration" Can't Post or Reply Privately

....having recently come out of transfer embargo and signed a player for £1m. Crazy
Details at: https://www.theboltonnews.co.uk/...ration-within-hours/, but even if they do stave off admin and the 12 point penalty there are surely questions to be asked about the EFL's oversight of the situation.


paulh66
Qatar World Cup bid member!


Sep 11, 2018, 11:15 AM

Posts: 19241
Location: Surrey
Team(s): Tranmere Rovers, South Liverpool (the South will rise again), Cammell Laird

Post #2 of 107 (34803 views)
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Re: [paulh66] Bolton Wanderers "hours from administration" [In reply to] Can't Post or Reply Privately

Looks like good news at the last minute, a local journalist reporting that an offer to BluMarble has been accepted in principle but needs to go through by midday today to stave off administration.

Possibly a case of rearranging the deckchairs on the Titanic rather than longer term financial security, though...


Leyther_Matt
First Team Star

Sep 11, 2018, 4:06 PM

Posts: 1893
Location: Leigh, Lancashire
Team(s): Hibernian, Bolton Wanderers, Atherton Collieries & Leigh Centurions RL

Post #3 of 107 (34709 views)
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Re: [paulh66] Bolton Wanderers "hours from administration" [In reply to] Can't Post or Reply Privately

The financial equivalent of Aaron Wilbraham securing safety in injury time last season. Not the first time we've been in such a situation. If I was putting it kindly then I'd say the owners have nerves of steel to be able to take such things to the last minute, but if you keep playing with fire and all that...


leohoenig
Administrator

Jan 9, 2019, 6:01 PM

Posts: 13530
Location: Outer Cheltenhamshire
Team(s): Cheltenham Town

Post #4 of 107 (21361 views)
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Re: [Leyther_Matt] Bolton Wanderers "hours from administration" [In reply to] Can't Post or Reply Privately

The row between the Bolton chairman and FGR's Dale Vince goes on
https://www.theguardian.com/...P=Share_iOSApp_Other



Fat AND Pompous.
The proof that you can have too much of a good thing
Now blogging at http://www.leohoenig.com



Ronsdog
First Team Star


Jan 11, 2019, 7:22 PM

Posts: 2668
Location: Sarf London
Team(s): Lowestoft Town, Crystal Palace

Post #5 of 107 (20724 views)
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Re: [paulh66] Bolton Wanderers "hours from administration" [In reply to] Can't Post or Reply Privately

 
The FSF is reporting the situation as follows.....

Bolton Wanderers supporters are uniting in protest against owner Ken Anderson’s running of the football club, as its financial rollercoaster ride took another nosedive this week.

The latest fallout sees Bolton, an FA founding member in 1888, yet again owing significant debts that also affect at least two other English clubs. Norwich City have claimed they are owed a “six-figure fee” over unpaid payments for the loan of Yanic Wildschut and a loan-to-buy deal for Remi Matthews, who has now left the club after Bolton failed to pay an agreed transfer fee in January.

The same goes for League Two side Forest Green Rovers, whose chairman Dale Vince launched a scathing attack on Anderson earlier this week over the agreed loan-to-buy deal for Christian Doidge, who has also returned to his former club.

This follows years of financial uncertainty at Bolton, ever since the club was relegated from the Premier League in 2012. A failure to regain top-flight status saw the club’s frivolous spending land it in £172.9 million-worth of debt, which former owner Eddie Davies wrote off when Ken Anderson, a man banned from being a company director for eight years in 2005, took control of the club.

Since then, several winding-up petitions from HMRC have come and gone, as well as a two-year-long transfer embargo, during which we got relegated to League One and somehow managed to immediately get promoted.

But the financial situation remains unclear at best. In the summer, Bolton’s players went on strike and refused to play a pre-season friendly against St Mirren over unpaid bonuses. The club then very nearly went into administration in September - only saved from the brink when Davies bailed Anderson out with a £5 million loan four days before his death. The club is due to repay that debt by March, but the prospect of that happening remains questionable given claims earlier this week that the PFA had to step in to fund players’ wages for November and December, on top of the alleged unpaid fees to Norwich and Forest Green.

On top of all of that, last week it emerged that a winding-up petition has been lodged against Bolton Whites Hotel, a subsidiary of the club of which Anderson is the sole director. Then on Wednesday, two further winding-up petitions were issued against the club, one from HMRC and another from football agents firm Stellar Football Ltd.

Despite the wide-ranging media coverage of the situation - which the Chairman consistently dismisses as ‘factually incorrect’ - Anderson has staunchly denied that there’s a problem. His actions only serve to infuriate fans, to whom he even repeatedly attributes blame for not buying tickets to matches. He’s also banned local paper the Bolton News’ club reporter from attending home matches.

To top things off, on Wednesday Anderson issued a club statement ‘firing back’ at Forest Green, - whose chairman has since threatened legal action - only days after stating “l won’t lower myself to respond to his disrespectful and misleading comments.” This backfired catastrophically, only serving to gain support from rival supporters on Twitter and accruing national media coverage of the Chairman’s activity from some of the most respected football journalists in the country.

Time for action

Bolton fans have finally decided that enough is enough, and will protest against how Anderson is running the club at the home league match against West Bromwich Albion - which will be televised live on Sky Sports on Monday 21st January.

In a little under a decade, Bolton Wanderers has deteriorated from a club fielding World Cup winners, former Real Madrid players and one of the world’s most exciting players in Jay-Jay Okocha in Europe to being ravaged by debt and nearly run into the ground by a man clearly unfit to run a football club.

We will do everything we can to preserve our club’s 145-year history. We call on all Bolton Wanderers supporters to unite and welcome the support of football fans in general to ensure this happens.


paulh66
Qatar World Cup bid member!


Jan 11, 2019, 8:11 PM

Posts: 19241
Location: Surrey
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Post #6 of 107 (20668 views)
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Re: [Ronsdog] Bolton Wanderers "hours from administration" [In reply to] Can't Post or Reply Privately

 
In a little under a decade, Bolton Wanderers has deteriorated from a club fielding World Cup winners, former Real Madrid players and one of the world’s most exciting players in Jay-Jay Okocha in Europe to being ravaged by debt....


I can't pretend I've even tried unravelling how the club has got into this mess but I've often wondered if the root of it all lies in the words above. At the time Allardyce seemed to be running it prudently - short term contracts for proven internationals, financed by the PL monies, with the idea being they wouldn't be saddled with a massive payroll if they did get relegated. Were they actually overstretching themselves in the first place, leading to a snowball effect once they did get relegated?


jrev61
Man City Transfer Target!

Jan 12, 2019, 8:54 AM

Posts: 7908
Location: Northampton
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Post #7 of 107 (20173 views)
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Re: [paulh66] Bolton Wanderers "hours from administration" [In reply to] Can't Post or Reply Privately

Bolton Wanderers were not an' FA founding member ' in 1888, they were founder members of the Football League.



jrev61


kirby knitters
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Jan 12, 2019, 11:41 AM

Posts: 18040
Location: Kirby Muxloe
Team(s): Hinckley United FC.

Post #8 of 107 (20004 views)
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Re: [Leyther_Matt] Bolton Wanderers "hours from administration" [In reply to] Can't Post or Reply Privately


In Reply To
The financial equivalent of Aaron Wilbraham securing safety in injury time last season. Not the first time we've been in such a situation. If I was putting it kindly then I'd say the owners have nerves of steel to be able to take such things to the last minute, but if you keep playing with fire and all that...
----------------------------------------------
----------------------------------------------
How are the finances at Hibs and Colls because you have a horrible knack of being involved with disasters. The dreadful situation at RMI/Genesis and how all that ended then we have the financial problems encountered by Leigh Centurions RL on top of the mess at Bolton. Can't be many black cats left in your area to run over!!



Leyther_Matt
First Team Star

Jan 24, 2019, 2:44 PM

Posts: 1893
Location: Leigh, Lancashire
Team(s): Hibernian, Bolton Wanderers, Atherton Collieries & Leigh Centurions RL

Post #9 of 107 (16386 views)
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Re: [kirby knitters] Bolton Wanderers "hours from administration" [In reply to] Can't Post or Reply Privately


In Reply To
How are the finances at Hibs and Colls because you have a horrible knack of being involved with disasters. The dreadful situation at RMI/Genesis and how all that ended then we have the financial problems encountered by Leigh Centurions RL on top of the mess at Bolton. Can't be many black cats left in your area to run over!!

I won't pretend that this hasn't been mentioned to me previously (although in fairness there's a probably 1,000 or so BWFC & Leigh RL dual supporters in the same boat!)


windydcfc
Man City Transfer Target!


Mar 4, 2019, 6:22 PM

Posts: 10458
Location: Barnetby
Team(s): Derby County FC England Borussia Mönchengladbach

Post #10 of 107 (11522 views)
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Re: [Leyther_Matt] Bolton Wanderers "hours from administration" [In reply to] Can't Post or Reply Privately

Financial troubles has forced Bolton Wanderers to close their training ground https://www.telegraph.co.uk/...cial-problems-mount/



Non League Projection - 2020/21: https://docs.google.com/...UTgVhKYTo/edit#gid=0
Step 1: https://www.google.com/....119447550000018&z=7
Step 2: https://www.google.com/...677250654298405&z=15
Step 3: https://www.google.com/...358611350589399&z=16
Step 4: https://www.google.com/...536616305542566&z=16
Step 5: https://www.google.com/...399355140531952&z=16
Step 6: https://www.google.com/...1556307438963813&z=9


Ropemaker
Man City Transfer Target!

Mar 5, 2019, 6:10 PM

Posts: 7533
Location: Surrey
Team(s): Hailsham Town

Post #11 of 107 (11334 views)
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Re: [windydcfc] Bolton Wanderers "hours from administration" [In reply to] Can't Post or Reply Privately

Bolton have been given until 13:00 Wednesday to assure the local council that adequate safety provision will be in place for Saturday's home game against Millwall

https://www.bbc.co.uk/sport/football/47457750



Just because you're paranoid, it doesn't mean they're not out to get you.


London Harrier
Chelsea Transfer Target


Mar 20, 2019, 4:18 PM

Posts: 3002
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Post #12 of 107 (10997 views)
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Re: [Ropemaker] Bolton Wanderers "hours from administration" [In reply to] Can't Post or Reply Privately

Bolton Wanderers' winding-up petition adjourned until April 3.

The Sky Bet Championship club have been given two weeks to settle their debts and avoid a winding-up order, a High Court hearing in London has ruled.

https://www.skysports.com/...ourned-until-april-3

I really can't see a scenario where the courts will allow such a big, historic club to go bust. Maybe I'm being too naive.


northstandexile
First Team Regular

Mar 21, 2019, 12:32 AM

Posts: 1412
Location: Mansfield
Team(s): Mansfield Town

Post #13 of 107 (10872 views)
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Re: [London Harrier] Bolton Wanderers "hours from administration" [In reply to] Can't Post or Reply Privately

The courts let Glasgow Rangers to go bust and were liquidated.

I know that was Scotland and not England, but surely Rangers were bigger than Bolton.


Ronsdog
First Team Star


Mar 27, 2019, 5:28 PM

Posts: 2668
Location: Sarf London
Team(s): Lowestoft Town, Crystal Palace

Post #14 of 107 (10048 views)
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Re: [northstandexile] Bolton Wanderers "hours from administration" [In reply to] Can't Post or Reply Privately

 

The staff of Bolton have been informed by email from the owner Ken Anderson a deal to buy the club has been agreed, subject to contract, according to Sky sources.

It is understood the deal could be wrapped up within the next 48 hours.


Leyther_Matt
First Team Star

Mar 28, 2019, 1:10 PM

Posts: 1893
Location: Leigh, Lancashire
Team(s): Hibernian, Bolton Wanderers, Atherton Collieries & Leigh Centurions RL

Post #15 of 107 (9827 views)
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Re: [Ronsdog] Bolton Wanderers "hours from administration" [In reply to] Can't Post or Reply Privately


In Reply To

The staff of Bolton have been informed by email from the owner Ken Anderson a deal to buy the club has been agreed, subject to contract, according to Sky sources.

It is understood the deal could be wrapped up within the next 48 hours.

I won't hold my breath.


Ropemaker
Man City Transfer Target!

Apr 1, 2019, 10:32 PM

Posts: 7533
Location: Surrey
Team(s): Hailsham Town

Post #16 of 107 (9465 views)
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Re: [Leyther_Matt] Bolton Wanderers "hours from administration" [In reply to] Can't Post or Reply Privately

Club not yet sold and players are refusing to train for 48 hours after staff were not paid their salaries on time for the second month in a row

https://www.bbc.co.uk/sport/football/47775158



Just because you're paranoid, it doesn't mean they're not out to get you.


jon b
First Team Star

Apr 2, 2019, 3:23 AM

Posts: 2984
Location: Dronfield
Team(s): SUFC, SWFC etc

Post #17 of 107 (9382 views)
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Re: [Ropemaker] Bolton Wanderers "hours from administration" [In reply to] Can't Post or Reply Privately

Any fears that they'll fail to complete their 2018/19 fixtures?

.


windydcfc
Man City Transfer Target!


Apr 2, 2019, 3:03 PM

Posts: 10458
Location: Barnetby
Team(s): Derby County FC England Borussia Mönchengladbach

Post #18 of 107 (9253 views)
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Re: [jon b] Bolton Wanderers "hours from administration" [In reply to] Can't Post or Reply Privately

EFL statement on Bolton Wanderers https://www.itfc.co.uk/...---bolton-wanderers/



Non League Projection - 2020/21: https://docs.google.com/...UTgVhKYTo/edit#gid=0
Step 1: https://www.google.com/....119447550000018&z=7
Step 2: https://www.google.com/...677250654298405&z=15
Step 3: https://www.google.com/...358611350589399&z=16
Step 4: https://www.google.com/...536616305542566&z=16
Step 5: https://www.google.com/...399355140531952&z=16
Step 6: https://www.google.com/...1556307438963813&z=9


southend statto
First Team Star

Apr 3, 2019, 3:27 PM

Posts: 2015
Location: East Anglia (South Division)
Team(s): most of my local sides

Post #19 of 107 (8977 views)
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Re: [windydcfc] Bolton Wanderers "hours from administration" [In reply to] Can't Post or Reply Privately

The club has been given until May 8 to settle debts. However, can anyone throw anymore light on this:
"On Tuesday, Wanderers' next two home matches were put in doubt after they were issued with an order preventing fans entering the ground."


derekn
First Team Star

Apr 3, 2019, 4:06 PM

Posts: 2263
Location: Somerset
Team(s): Taunton Town

Post #20 of 107 (8939 views)
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Re: [southend statto] Bolton Wanderers "hours from administration" [In reply to] Can't Post or Reply Privately

Local safety panel (police, fire, ambulance, council) wouldn't agree on a safety certificate. Assuming it would be because the club couldn't pay for policing, stewarding etc.


Ropemaker
Man City Transfer Target!

Apr 3, 2019, 6:54 PM

Posts: 7533
Location: Surrey
Team(s): Hailsham Town

Post #21 of 107 (8853 views)
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Re: [derekn] Bolton Wanderers "hours from administration" [In reply to] Can't Post or Reply Privately

Bolton v Ipswich on Saturday will go ahead providing adequate staffing numbers are met

https://www.bbc.co.uk/sport/football/47500131



Just because you're paranoid, it doesn't mean they're not out to get you.


paulh66
Qatar World Cup bid member!


Apr 17, 2019, 5:18 PM

Posts: 19241
Location: Surrey
Team(s): Tranmere Rovers, South Liverpool (the South will rise again), Cammell Laird

Post #22 of 107 (8386 views)
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Re: [Ropemaker] Bolton Wanderers "hours from administration" [In reply to] Can't Post or Reply Privately

Now confirmed that the new owner is Laurence Bassini, who's twice been declared bankrupt and was banned by the EFL for three years in 2013 for misconduct and dishonesty over financial dealings during his brief spell as owner of Watford. His defence to which was to plead naivety and inexperience! https://www.theguardian.com/...r-banned-three-years

So that's Bolton saved..


miswell
Reserve Team Star

Apr 17, 2019, 6:20 PM

Posts: 772
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Post #23 of 107 (8351 views)
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Re: [paulh66] Bolton Wanderers "hours from administration" [In reply to] Can't Post or Reply Privately

The man is a fraud. I feel for Bolton fans having to put up with this bell end.


BDA_85
First Team Regular

Apr 18, 2019, 8:18 AM

Posts: 1403
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Post #24 of 107 (8202 views)
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Re: [miswell] Bolton Wanderers "hours from administration" [In reply to] Can't Post or Reply Privately


In Reply To
The man is a fraud. I feel for Bolton fans having to put up with this bell end.


As someone that grew up watching Watford and seeing that you are a Watford fan I am surprised you managed to restrain yourself to just using that phrase. Not only will he prove to be a terrible owner again, he is also a terrible person. BWFC don't deserve this.


kirby knitters
Qatar World Cup bid member!

Apr 18, 2019, 8:38 AM

Posts: 18040
Location: Kirby Muxloe
Team(s): Hinckley United FC.

Post #25 of 107 (8187 views)
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Re: [BDA_85] Bolton Wanderers "hours from administration" [In reply to] Can't Post or Reply Privately

What was the alternative for Bolton? Administration followed by god no's what. There were hardly a queue of people waiting to go in and save them. Any port in a storm.

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