Bolton

ditchy · Nov 19, 2015

Just read that chairman Phil Gartside is seriously ill and with Bolton 173 mill in debt ,
there is no money even for loans .

Are they staring into the Abyss ? Cant see them staying up and with that kind of debt and in league 1 , it will only be a matter of time before they go into administration .

crodonilson · Nov 19, 2015

You'll find no sympathy here in Lyme Regis, if they spent beyond their means to the tune of 173m that's their own problem. They get some really low audiences so I'd say League One is about their true level.

Ernest · Nov 19, 2015

Phil Gartside is the front man , he owns nothing or is owed nothing

ditchy · Nov 19, 2015

Its Eddie Davies i believe owns the club ,but Gartside ran it i believe. Does this mean He has pulled the funding and wants out tho ? . I too ,have no sympathy for them .!

Ernest · Nov 19, 2015

ditchy said:
Its Eddie Davies i believe owns the club ,but Gartside ran it i believe. Does this mean He has pulled the funding and wants out tho ? . I too ,have no sympathy for them .!

Eddie Davies has wanted out for ages and won't fund them anymore, just shows that parachute money doesn't mean anything

northernseagull · Nov 19, 2015

http://www.telegraph.co.uk/sport/football/teams/bolton-wanderers/12003918/Bolton-owner-Eddie-Davies-ready-to-sell-controlling-stake.html

For those of you that are interested......

Ernest · Nov 19, 2015

northernseagull said:
http://www.telegraph.co.uk/sport/football/teams/bolton-wanderers/12003918/Bolton-owner-Eddie-Davies-ready-to-sell-controlling-stake.html

For those of you that are interested......

If the business plan involves Amir Khan fights there then I'd say that they are in deep trouble

severnside gull · Nov 19, 2015

Historic debt which is largely consolidated doesn't threaten the club's future so much as the limit on available expenditure going forward
Certainly don't think Gartside's health is an issue. The mood around the club will improve with that bully out of the way.

narly101 · Nov 19, 2015

Unbelievable - £172m in debt!

northernseagull · Nov 19, 2015

Dean Holdsworth is rumoured to be heading the consortium takeover bid - not sure how much money this take over will provide the Trotters but they will be debt free for the first time since getting promoted 14 years ago!!

worthingseagull123 · Nov 19, 2015

crodonilson said:
You'll find no sympathy here in Lyme Regis, if they spent beyond their means to the tune of 173m that's their own problem. They get some really low audiences so I'd say League One is about their true level.

Didn't we do the same in the early 90s and get into crippling debts?

Did we deserve no sympathy?

Gwylan · Nov 19, 2015

I don't get the article. If Davies is only worth £100m, how come he can pump £170m into Bolton? Does it mean that he's worth £100m now but was worth £270m - that's a hell of a commitment

BensGrandad · Nov 19, 2015

Would this belatedly explain why Gartside was one of the main men behind the idea for no relegation from the Premier some years ago, when they were in it.

Tony Meolas Loan Spell · Nov 19, 2015

worthingseagull123 said:
Didn't we do the same in the early 90s and get into crippling debts?

Did we deserve no sympathy?

Yes because we were completely SHAFTED

This has been brought on themselves like Leeds.

And don't forget when they were in the Prem Bolton pushed for a CLOSED SHOP. We all know why.

crodonilson · Nov 19, 2015

BensGrandad said:
Would this belatedly explain why Gartside was one of the main men behind the idea for no relegation from the Premier some years ago, when they were in it.

http://twohundredpercent.net/?p=2769

The above explains Gartsides vision, a cock of the highest order only interested in his own club. I stand up to my earlier comments that there is no sympathy coming from here for their plight.

northernseagull · Nov 19, 2015

Tony Meolas Loan Spell said:
Yes because we were completely SHAFTED

This has been brought on themselves like Leeds.

And don't forget when they were in the Prem Bolton pushed for a CLOSED SHOP. We all know why.

That isn't strictly true now is it......

Eastleigh Seagull · Nov 19, 2015

Now living in a location where I can see the Macron from my back garden the locals I know were under the impression that a lot of the debt was owed to the Warburton family who have always said that they wont force the club into administration.

LlcoolJ · Nov 19, 2015

Whatever happens they'll be better off without Gartside. Him and his agent mate have taken the owner/owners for a ride for years. I have no idea how they got away with it as the dodginess was widely reported years ago.

Green Cross Code Man · Nov 19, 2015

Eastleigh Seagull said:
Now living in a location where I can see the Macron from my back garden the locals I know were under the impression that a lot of the debt was owed to the Warburton family who have always said that they wont force the club into administration.

Are you in Westhoughton?

Eastleigh Seagull · Nov 24, 2015

Green Cross Code Man said:
Are you in Westhoughton?

Nope - just down the road from Lostock train station

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