Bolton Wanderers club debt.

[Leekbrookgull]

Relegated Bolton have stated that a near loss of £25 million last season has increased the total club debt to £136 million !! Just how do you settle that level of debt ? http://www.bbc.co.uk/sport/0/football/20310338

 

[CoachVealie]

I believe that Palace and Portsmouth have the blueprint for that one, Sir.

 

[Beach Hut]

Relegated Bolton have stated that a near loss of £25 million last season has increased the total club debt to £136 million !! Just how do you settle that level of debt ? http://www.bbc.co.uk/sport/0/football/20310338

Easy, ask Portsmouth they are experts

 

[perseus]

Relegated Bolton have stated that a near loss of £25 million last season has increased the total club debt to £136 million !! Just how do you settle that level of debt ? http://www.bbc.co.uk/sport/0/football/20310338

Not much more serious than the Albion consolidated loan to buy the Amex. Reebok Stadium 11 year old debts, I assume is included Chairman loan for most of this and the parachute payments should cover the rest. It does not put them in an ideal position for promotion though.

 

[T soprano]

I don't understand it even parachute payments won't cover that , I bet Dougie freedman didn't come cheap either
How do clubs in so much debt keep signing expensive players & managers

 

[Psychobilly freakout]

We are just one poker chip away from joining them...........

The Lizard wouldnt do that to us ! Would he ?

 

[perseus]

Bolton release 12 players as relegation from Premier League bites, but Kevin Davies signs new deal - Telegraph

They will have reduced their wage bill a bit and the parachute payments will help with the existing contracts. Bookies favourites to go back up at the beginning of the season. I never understood that. Consolidation is what I expected. Chairman seems OK. At least the Accounts were sent in. If the Accounts are late, that usually means trouble.

Big match in a couple of weeks.

 

[Pole in Goal]

Yet they'll still survive, they always do. You never see a league club go bust, to much shame so they get bailed out

 

[Arkwright]

I'm sure I read somewhere ages ago that Bolton where signing players on long term mortgages, therefore still paying for players plus interest long after they had gone. Poor business sense.

 

[El Presidente]

I think you will find the Albion are in as much debt

 

[Barrel of Fun]

So that is why Gartside wanted a closed league...

 

[sten_super]

I met Phil Gartside a few weeks ago, and he was nothing like my preconceptions. They have chopped around 50% off last season's wage bill in order to adjust for at least part of the lost revenue, although he said that the vast majority would have left regardless. The money is all owed to the majority shareholder, Eddie Davis, and while it's unlikely he'll see much of it back they don't want to continue to go cap in hand to him forever more. Seem like a relatively sensibly run club doing their best during some glory years in the PL.

 

[deletebeepbeepbeep]

Double post.

 

[deletebeepbeepbeep]

We owe about 140m to Tony Bloom......................and its highly unlikely that amount will decrease soon at least without a sustained period in the prem, a packed out Amex week in week out and on a shoe string budget.

 

[PILTDOWN MAN]

We owe about 140m to Tony Bloom......................and its highly unlikely that amount will decrease soon at least without a sustained period in the prem, a packed out Amex week in week out and on a shoe string budget.

Do we? Like the other thread where you state, without any fact we are making a loss, this is complete crap. We, "we" do not owe the owner of the business, it's his business. He owns the majority holding in that business which in turn wholly owns the stadium business. The interest free loan is not owed until it has to be paid, which is in a number of years. No repayment or any interest is due until that period expires, if, repeat if, the business is unable to repay the loan amount at that juncture then the loan will be converted in to shares within the company, which he owns. That my friend is not the same as owing the bank. If Mr Bloom decides to leave before the end of the period he can not change the details neither can his death.

The club/business is now on a very secure footing and runs within its revenue raising capacity. Costs have been higher than expected but and a very big F**K OFF but the revenue streams have exceeded all expectations. So can we stop this bollocks being spouted about our finances on this and a few other threads by the same ill informed posters.

 

[GingerBeerMan]

Do we? Like the other thread where you state, without any fact we are making a loss, this is complete crap. We, "we" do not owe the owner of the business, it's his business. He owns the majority holding in that business which in turn wholly owns the stadium business. The interest free loan is not owed until it has to be paid, which is in a number of years. No repayment or any interest is due until that period expires, if, repeat if, the business is unable to repay the loan amount at that juncture then the loan will be converted in to shares within the company, which he owns. That my friend is not the same as owing the bank. If Mr Bloom decides to leave before the end of the period he can not change the details neither can his death.

The club/business is now on a very secure footing and runs within its revenue raising capacity. Costs have been higher than expected but and a very big F**K OFF but the revenue streams have exceeded all expectations. So can we stop this bollocks being spouted about our finances on this and a few other threads by the same ill informed posters.

It's all well and good saying reduce costs and increase profits but I think you'll find Albion are in as much debt as Bolton and it'll be hard to pay back to Bloom.

 

[Easy 10]

Do we? Like the other thread where you state, without any fact we are making a loss, this is complete crap. We, "we" do not owe the owner of the business, it's his business. He owns the majority holding in that business which in turn wholly owns the stadium business. The interest free loan is not owed until it has to be paid, which is in a number of years. No repayment or any interest is due until that period expires, if, repeat if, the business is unable to repay the loan amount at that juncture then the loan will be converted in to shares within the company, which he owns. That my friend is not the same as owing the bank. If Mr Bloom decides to leave before the end of the period he can not change the details neither can his death.

BBC Sport - Bolton Wanderers debt figure rises to £136.5m

Bolton Wanderers recorded a loss of £22.1m in the last financial year, taking their total debt to £136.5m. However, £125m of the debt is owed to owner Eddie Davies, which has been refinanced into a long-term loan.

Pretty similar to us then really.

Except unlike TB, Bolton have had the benefit of about 10 years worth of Premier League dosh sloshing around in the coffers, and have STILL come out £140m in the red - which is a proper shit way to run a business. But then they're hardly unique in that respect.

 

[PILTDOWN MAN]

It's all well and good saying reduce costs and increase profits but I think you'll find Albion are in as much debt as Bolton and it'll be hard to pay back to Bloom.

But who's to pay, its a plc. He decides to leave, the value is that of his shares (irrelevant) or any worth to the best buyer, and any loans. The loan is structured such that we do not need to repay until many years in the future and even then it will be converted into shares. Apart from for tax purposes the loan is and will be irrelevant.

Apart from the loan for the stadium there are no debts owed to Bloom. The stadium loan I have dealt with and so there's no further debt.

 

[PILTDOWN MAN]

BBC Sport - Bolton Wanderers debt figure rises to £136.5m

Bolton Wanderers recorded a loss of £22.1m in the last financial year, taking their total debt to £136.5m. However, £125m of the debt is owed to owner Eddie Davies, which has been refinanced into a long-term loan.

Pretty similar to us then really.

Except unlike TB, Bolton have had the benefit of about 10 years worth of Premier League dosh sloshing around in the coffers, and have STILL come out £140m in the red - which is a proper shit way to run a business. But then they're hardly unique in that respect.

Is it? Long term loan? We know the details of Bloom's loan regarding the stadium, he has stated the conditions and it's open knowledge. Has the same been done with Bolton's? So it may or not be similar to our situation. We however do not owe any substantial sums to a financial organisation so are in a healthy condition for a football club.

 

[GingerBeerMan]

But who's to pay, its a plc. He decides to leave, the value is that of his shares (irrelevant) or any worth to the best buyer, and any loans. The loan is structured such that we do not need to repay until many years in the future and even then it will be converted into shares. Apart from for tax purposes the loan is and will be irrelevant.

Apart from the loan for the stadium there are no debts owed to Bloom. The stadium loan I have dealt with and so there's no further debt.

Ahhh, it's in the future so we can forget about it. Good advice