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Bolton going into administration?

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posted on 11/9/18

Sad for the fans, especially as club started the season so well.

posted on 11/9/18

Hate to see any club go through this having experienced it ourselves. Interesting to see the level of punishment meted out.

It's a salutary lesson for those supporters constantly bemoaning the lack of expenditure at Leeds United. The bottom line is we can only afford what we can afford.

I think Birmingham City are going to go through turmoil soon too. I shan't shed a tear for Mr Monk.....

comment by Cloggy (U1250)

posted on 11/9/18

10 points deducted then

comment by Kobra (U19849)

posted on 11/9/18

Started with sacking of megson and bringing in coyle

posted on 11/9/18

Started when they started spending more than they could afford. That’s in the boardroom rarely the dugout.

comment by Stoopo (U4707)

posted on 11/9/18

comment by Hulk's little brother Yoda (U1250)
posted 5 hours, 51 minutes ago
10 points deducted then
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12 points I think

posted on 11/9/18

Wow 12 points now?

posted on 11/9/18

comment by Jinja Ninja (U19849)
posted 5 hours, 28 minutes ago
Started with sacking of megson and bringing in coyle
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Could probably say it started before that. Towards the end of the Allardyce era. The then chairman wouldn't increase the budget (despite him getting European football) so Allardyce moved on. Then they allowed Megson to splash the cash. Strange really.

comment by Stoopo (U4707)

posted on 11/9/18

Yes it's -12 now but I'm hearing they are trying to raise funds to stop admin.

Nothing concrete yet but the points deduction has not been actioned yet.

comment by Cloggy (U1250)

posted on 11/9/18

4 draw or wins turned to loses, and still having to play all matches remaining matches. Thats a big task.

comment by Cloggy (U1250)

posted on 11/9/18

*4 wins turned to losses, not draws

posted on 11/9/18

Unlikely to happen now Agreement has been made. Link to the live blog https://www.theboltonnews.co.uk/news/16833684.latest-updates-as-bolton-wanderers-seek-to-avoid-administration/. Rumour Eddie Davies has bailed the club out again. Only rumour not fact.

posted on 11/9/18

comment by Bennythedip - Living The Dream (U9359)
posted 3 hours, 17 minutes ago
Unlikely to happen now Agreement has been made. Link to the live blog https://www.theboltonnews.co.uk/news/16833684.latest-updates-as-bolton-wanderers-seek-to-avoid-administration/. Rumour Eddie Davies has bailed the club out again. Only rumour not fact.
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hope it works out benny.

posted on 11/9/18

No admin according to Blumarble.

What the EFL do however, is another thing entirely.

posted on 11/9/18

Not Eddie Davies, that rumour wrong, local business man called Michael James. No administration as reported, no news yet of what action the EFL will take. What's next? The club owe money left right and centre and ken Anderson hasn't the money to fund the club. Looks like the club have been robbing Peter to pay Paul for months. That's with over £10m raised selling holding , Clough and madine.

posted on 11/9/18

15 points, who gives a &@£#
We're super Leeds and we're going up

posted on 11/9/18

Long short tall, it’s a long season, but then again who gives a $@£#.

posted on 11/9/18

Hope they get it sorted. I'd like to see them do well instead of the constant financial nightmares they get drawn into.

posted on 11/9/18

Incredibly bad news Eddie Davies has passed away aged 72.

posted on 12/9/18

As we didn't actually go into administration I think the likelihood of having points deducted is negligible. Ihope I'm right.

Thanks to you supporters who offered sympathy with our plight. On a sad note, our ex-owner Eddie Davies passed away yesterday..

posted on 12/9/18

Looks like the EFL did everything to avoid giving you any points deduction and rules were broken. Which is very good news for you.

We on the other hand got nice hefty -15 for breaching EFL rules (after the initial -10), no let off.

posted on 12/9/18

Since we did NOT go into administration nor do a very shady Ken Bates led deal in order to avoid actually paying our debts I'd say the circumstances are very different lufc-Harrogate.

Furthermore we haven't broken any rules at all. The only thing that happened is BluMarble decided to renege on a deal they'd already agreed to and tried to grab all their cash plus interest in one go but had to back down when they realised it wasn't there and if they proceeded they'd become liable for the club's other debts. Wisely they decided they'd accept the offer they'd already said yes to once already after all.

Finally, as to us having debts all over the place no we don't, at least not the way some posters on here mean. All the remaining debts are being properly serviced as per the individual agreements reached to do so.

With that said, Karl Henry seems to feel he's owed a bonus of some kind I think it's significant that he chose to voice that on Twitter without talking to the club, EFL or even the PFA first. If he is owed the money then of course he should be paid but surely he would have been better going to the professionals who could have helped expedite that rather than having a tantrum on social media?

posted on 12/9/18

Put this on the match thread but hey ho. Here's kens take on it https://www.bwfc.co.uk/news/2018/september/a-note-from-the-chairman5/

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