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[Football] Bolton Wanderers plight!



AmexRuislip

AmexRuislip

Trainee Spy 🕵️‍♂️
Feb 2, 2014
33,802
Ruislip
Was just listening to Kevin Davies on talksport about BW predicament in respect to financial matters.
They are still operating a premier league club, parachute payments exhausted and a wage bill in excess of £16 million pounds.
He is trying to drum up support from local businesses to aid BW.
But no holding his breathe.

Just wandering when if/when we are premiership bound, can/could we survive the financial restraints that come as a binding agreement that comes with the above?
 




Not Andy Naylor

Not Andy Naylor

Well-known member
Dec 12, 2007
8,798
Seven Dials
Look at the people running the Albion, then look at Phil Gartside at Bolton. Let's worry about it when we get there, but I don't think we'd need to.
 


Paul Reids Sock

Paul Reids Sock

Well-known member
Nov 3, 2004
4,458
Paul Reids boot
AmexRuislip said:
Was just listening to Kevin Davies talk about BW predicament in respect to financial atters.
They are still operating a premier league club, parachute payments exhausted and a wage bill in excess of £16 million pounds.
He is trying to drum up support from local businesses to aid BW.
But no holding his breathe.

Just wandering when if/when we are premiership bound, can/could we survive the financial restraints that come as a binding agreement that comes with the above?
Click to expand...

Surely this comes from a lack of contract management? The players contracts should have a relegation wage drop built in that would bring them in line with the salaries that they had prior to the promotion

The bets players would surely be sold upon realising that you couldn't make it back to the Prem without struggling? I really don't understand how clubs get liek this, although (apprently) Football Manager doesn't fully reflect real life and this is where most of my football club management comes from.
 


W

warmleyseagull

Well-known member
Apr 17, 2011
4,219
Beaminster, Dorset
Probably because I understand most clubs in Prem have relegation clauses in players' contracts such that wages reduce and are therefore are more manageable. That mitigates the silly issue of £50-60k pw wages that have caused problems for the likes of Bolton, Blackburn and QPR.

This is lkely to mean that parachute payments will be available to boost relegated teams' chances of buying players as opposed to paying stupid wages. Suspect this plus the huge increase in Prem TV money is behind TB opening cheque book.
 


A

atomised

Well-known member
Mar 21, 2013
5,111
The problem with relegation clauses is that in todays game where players have the power they will look elsewhere rather than sign a deal with such a clause.
The money available from next season in the premier league is so much higher than when Bolton were there, hopefully that and sensible management will prevent us suffering that fate if we make it
 




Bwian

Bwian

Kiss my (_!_)
Jul 14, 2003
15,898
Not Andy Naylor said:
Look at the people running the Albion, then look at Phil Gartside at Bolton. Let's worry about it when we get there, but I don't think we'd need to.
Click to expand...

I believe he is quite ill right now, pretty sure I heard that recently. That aside, the man is a ****. He wanted there to be no relegation from the Premier League when Bolton were up there-clearly he knew what a mess the club was/is in. They are a bit like Portsmouth when it comes to being in the shit financially-only worse.

The Premier League salaries need reeling in but it will never happen and The Albion would be no different to any of the clubs there right now. The reported transfer funds available for January's upcoming transfer madness prove that.
 


brightonrock

brightonrock

Dodgy Hamstrings
Jan 1, 2008
2,482
warmleyseagull said:
Probably because I understand most clubs in Prem have relegation clauses in players' contracts such that wages reduce and are therefore are more manageable.
Click to expand...

As I understand it, the opposite is true. I'm sure this was commented on directly by Barber/Bloom at some point and they said that although the clauses exist, 9 times out of 10 players will flat out refuse to sign if a % cut is included. That's how the QPR"s or Portsmouth's of this world happen...or how dreadful players like Zigic or Pogrebnyak can end up in the 2nd tier on north of 50 grand a week.
 






ditchy

ditchy

a man with a sound track record as a source of qua
Jul 8, 2003
5,208
brighton
Bolton continued to roll the dice even when their premiership money stopped as they believed Eddie Davies would continue to support it or at least that's what Gartside thought . They lived way beyond their means in the championship thinking they would get back to the promised land rather than cut salaries .
 


Durlston

Durlston

"Garlic bread!?"
NSC Patron
Jul 15, 2009
9,765
Haywards Heath
Incredible that non-league Eastleigh have more money than Bolton Wanderers at the moment and didn't want their FA Cup third round tie switched for television this weekend. Would be quite ironic if Bolton went on a money-spinning cup run if they got some luck with the draw.
 


Harry Wilson's tackle

Harry Wilson's tackle

Harry Wilson's Tackle
NSC Patron
Oct 8, 2003
49,963
Faversham
You would have thought, after a club with no cachet at the time paid, allegedly, the highest wages in the country at the time, put players on 6 year contracts, then got relegated, and a few years later survived the drop to non league on the last day of the season, that the owners of other clubs would have seen the writing on the wall and cut their cloth accordingly. Alas, the gambler's mind is run at the brainstem level (the seat of primitive urges) and time after time chairmen get their cocks out (and the cocks of others) in a mad frenzy of missplaced optimism at the bazar of instant gratification (premier league survival/glory).

You will all, of course, recognise the club to which I allude at the start of this reply :ffsparr:
 




R

Raleigh Chopper

New member
Sep 1, 2011
12,054
Plymouth
atomised said:
The problem with relegation clauses is that in todays game where players have the power they will look elsewhere rather than sign a deal with such a clause.
The money available from next season in the premier league is so much higher than when Bolton were there, hopefully that and sensible management will prevent us suffering that fate if we make it
Click to expand...

£100 Million next season for whoever goes up. I will do some zeros £100,000,000. The promised land indeed.
When you are close to the top and doing ok in the Championship by January, it must be worth a huge punt in the transfer window to get promotion. If only our Chairman was a gambler.
 


B

Beach Seagull

New member
Jan 2, 2010
1,310
Whilst I feel sorry for the fans and the non playing staff I'm hoping their plight gets worse as I backed them in mid December to finish bottom at 2-1 with Skybet, couldn't believe those odds as was evens with Ladbrokes. So I'm hoping for a 12 point deduction and a fire sale of players.
 


Mr Putdown

Mr Putdown

Well-known member
Jan 26, 2004
2,899
Christchurch
Raleigh Chopper said:
£100 Million next season for whoever goes up. I will do some zeros £100,000,000. The promised land indeed.
When you are close to the top and doing ok in the Championship by January, it must be worth a huge punt in the transfer window to get promotion. If only our Chairman was a gambler.
Click to expand...

But within a short time any team that survives in the Premier league will be spunking most of that on players wages. No doubt any promoted team will bank a sizeable profit in their first season - just like Palace did - but wages will just eat the profits away in subsequent years.

Think about it, Palace are in their third season in the Premier league and, despite the obscene levels of the money, they have felt the need to get around £100m of external investment in order to try and bring the ground up to an acceptable, modern day level. On that basis, how on earth is Tony Bloom going to recover his incredible investment of around £200m In your club?

Thank god he's a genuine fan who has invested for that reason and not to just make money.
 






edna krabappel

edna krabappel

Well-known member
NSC Patron
Jul 7, 2003
47,221
Mr Putdown said:
But within a short time any team that survives in the Premier league will be spunking most of that on players wages. No doubt any promoted team will bank a sizeable profit in their first season - just like Palace did - but wages will just eat the profits away in subsequent years.

Think about it, Palace are in their third season in the Premier league and, despite the obscene levels of the money, they have felt the need to get around £100m of external investment in order to try and bring the ground up to an acceptable, modern day level. On that basis, how on earth is Tony Bloom going to recover his incredible investment of around £200m In your club?

Thank god he's a genuine fan who has invested for that reason and not to just make money.
Click to expand...


Well that's the thing, isn't it? I'm not sure Tony Bloom ever really expects to get his money back from the Albion. How could he? The club will never pay back £200m in a thousand years. It's more of a labour of love for his lifelong team in his case, and praise the Lord for that.

Completely different to a Randy Lerner, or the Glaziers, or any number of Thai, American or middle eastern investors who are going in to Premier League clubs imagining they're going to be their ticket to fame & fortune.
 


Mr Putdown

Mr Putdown

Well-known member
Jan 26, 2004
2,899
Christchurch
edna krabappel said:
Well that's the thing, isn't it? I'm not sure Tony Bloom ever really expects to get his money back from the Albion. How could he? The club will never pay back £200m in a thousand years. It's more of a labour of love for his lifelong team in his case, and praise the Lord for that.

Completely different to a Randy Lerner, or the Glaziers, or any number of Thai, American or middle eastern investors who are going in to Premier League clubs imagining they're going to be their ticket to fame & fortune.
Click to expand...

Yes to both observations.
 






G

Greg Bobkin

Silver Seagull
May 22, 2012
14,847
Mr Putdown said:
But within a short time any team that survives in the Premier league will be spunking most of that on players wages. No doubt any promoted team will bank a sizeable profit in their first season - just like Palace did - but wages will just eat the profits away in subsequent years.

Think about it, Palace are in their third season in the Premier league and, despite the obscene levels of the money, they have felt the need to get around £100m of external investment in order to try and bring the ground up to an acceptable, modern day level. On that basis, how on earth is Tony Bloom going to recover his incredible investment of around £200m In your club?

Thank god he's a genuine fan who has invested for that reason and not to just make money.
Click to expand...


My thoughts exactly. Yes, clubs get a LOAD of cash for being in the PL, but it all gets spent trying to stay there, so no-one *really* makes any money.

It never ceases to amaze me how many successful businessmen – who HAVE made a load of money from other enterprises – think they can do the same with football clubs. Never gonna happen...
 


BBassic

BBassic

I changed this.
Jul 28, 2011
12,310
Paul Reids Sock said:
Surely this comes from a lack of contract management? The players contracts should have a relegation wage drop built in that would bring them in line with the salaries that they had prior to the promotion

The bets players would surely be sold upon realising that you couldn't make it back to the Prem without struggling? I really don't understand how clubs get liek this, although (apprently) Football Manager doesn't fully reflect real life and this is where most of my football club management comes from.
Click to expand...

Same boat here. I feel its something the FA should be working with the PFA on: mandatory relegation wage drops in all contracts at all levels.

Firstly it would help clubs keep their finances in order and secondly it would stop rewarding players who have failed in their remit of winning games.
 


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