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Bolton Wanderers On The Brink?

Discussion in 'General Football' started by Stafford Bantam, Jan 4, 2019.

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  1. Fuzzy

    Fuzzy Impact Sub

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    Looks like they've annoyed the president of Turkey as well?

    upload_2019-1-8_14-12-11.png
     
    #21 Fuzzy, Jan 8, 2019
    Campbell's soup, alex, Hulmebantam and 1 other person like this.
  2. bantamdave41

    bantamdave41 Regular Starter
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    #22 bantamdave41, Jan 9, 2019
  3. bantamdave41

    bantamdave41 Regular Starter
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    #23 bantamdave41, Jan 9, 2019
  4. Damo

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    #24 Damo, Jan 9, 2019
  5. vin weasel

    vin weasel Squad Player
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    Even with all their recent financial history it's amazing players will still go to play there and be surprised when it goes tits up.
     
    #25 vin weasel, Jan 9, 2019
  6. Damo

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    I don't understand the EFL's stance. The Doidge transfer was arranged before the embargo. They agreed to buy him, now owe Forest green money, and Doidge a 3 year contract and if they don't pay their football creditors should be put into administration and players are allowed to seek employment elsewhere/ They are treating players like a lease agreement where you get the player back
     
    #26 Damo, Jan 9, 2019
  7. Interested Bystander

    Interested Bystander Important Player
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    They also owe Norwich for two loanees including wages.
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    #27 Interested Bystander, Jan 9, 2019
  8. Damo

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    #28 Damo, Jan 9, 2019
  9. Wakefield Bantam

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    #29 Wakefield Bantam, Jan 9, 2019
  10. Dennis

    Dennis Captain
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    It's not quite as simple as that. The EFL cannot place the club in administration; 'football' creditors cannot place the club in administration; only the owners (and in certain cases secured creditors) can place the club in administration. And why would the owner do that?

    What FGR could do however is seek a winding up order for Bolton from the courts but that really is the nuclear option. If the court accepts the wuo application, the club's owners would have to settle the debt with FGR (and whoever else is involved with the wuo application) or the club would be liquidated after 7 days! And who knows then what assets could be sold to pay off the debts. Usually the threat of a wuo is enough to bring the debtor to the bargaining table. But that may not be successful in Anderson's case as I suspect he will already have secured his own debts on the club's assets as most owners do and thus be first in line to be paid out by the official receiver!

    This case should be an enormous embarrassment for the EFL since it appears Anderson has stuck two fingers up to them at every turn. They didn't learn their lesson when the transfer embargo was first invoked and haven't come down hard enough on the club since then. The EFL could for example have stopped their payments to Bolton for TV rights and solidarity payments and paid FGR directly but don't appear to have gone down this route for whatever reason. The other EFL chairmen should imo be insisting on changes to this whole process but I doubt very much whether that will ever happen.
     
    #30 Dennis, Jan 9, 2019
    Allotment Bantam and Damo like this.
  11. Offcomedun

    Offcomedun Important Player
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    The FL has allowed Bolton to cheat their way to L1 promotion by signing players they couldn't afford, get away with not paying players several times, fail to pay transfer fees on time, sign expensive PL players on loan whilst under transfer embargo, etc etc ad nauseum.

    It's hard to escape the conclusion that Bolton's status as an ex PL club and one of the county's oldest football clubs has bought them a degree of leniency that would never be afforded to most other clubs. Even their own fans are saying that they've become an embarrassment to the game.

    It seems that Bolton are part of the old boys network and the football authorities will go to almost any lengths to avoid them going into administration, as they surely should have by now.
     
    #31 Offcomedun, Jan 9, 2019
    Allotment Bantam and Onside like this.
  12. Damo

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    #32 Damo, Jan 9, 2019
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