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There's a piece about Bolton in today's Grauny which says that the Bolton's problem is exacerbated by the fact that, unlike other owners, Davies does charge interest on the debt

There's a piece about Bolton in today's Grauny which says that the Bolton's problem is exacerbated by the fact that, unlike other owners, Davies does charge interest on the debt

Just looked it up - most of the Bolton debt is not to the banks but to Burnden Leisure (owned by Eddie Davies). Even so, what's in it for him? How deep are his pockets that he can afford a £40m/£50m loss every year? What's more, at the end of 2015/16, the club is hit by a double whammy: the end...

I don't see how they can begin to do that. The interest on a £163m debt will be more than £6m so, in effect, they'd have to turn a £50m loss into an operating profit, even if they lopped £10m off their wage bill, they'd still be making a heavy loss. What I don't understand is how the banks let...