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Greeny2
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Posted: Mon May 21st, 2012 08:19 pm |
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Interesting article on Boltons position
http://www.mannyroad.co.uk/2011-08-04-23-47-02/item/111-the-murky-financial-world-of-bolton-wanderers
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observer
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Posted: Mon May 21st, 2012 08:57 pm |
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Greeny2 wrote: Interesting article on Boltons position
http://www.mannyroad.co.uk/2011-08-04-23-47-02/item/111-the-murky-financial-world-of-bolton-wanderers As Littlechap once said, "Mumble jumble, mumble jumble." Good luck interpreting those murky words.
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Valderee
606 Veteran
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Posted: Mon May 21st, 2012 09:24 pm |
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I've seen these figures bandied before; even if the BWFC financial situaion is precarious, and Gartside's explanation misleading, this comment is just as misleading.
According to the Sunday Times Rich List, Eddie Davies has a worth of around £60 million, most of which will be in assets. Even allowing for errors in that estimate, it would take a cute conjuring trick to lend £100 million in hard cash to anyone.
For that to be an issue you would have to believe he had lent the club £100m at one go, which as the article shows, is not the case. You would also have to be believe he has no other income. He has lent the money over 10 years, and taken some back by way of interest. Maybe he had over £150m 10 years, I dunno. There may well be a problem but that is not it.
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There are Cutthroats Crooks and Conmen running this jail
Is there any club left in England
Or any ground left in England
Or any fan left in England
That's not for sale.
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bdi
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Posted: Mon May 21st, 2012 10:17 pm |
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Valderee wrote: I've seen these figures bandied before; even if the BWFC financial situaion is precarious, and Gartside's explanation misleading, this comment is just as misleading.
According to the Sunday Times Rich List, Eddie Davies has a worth of around £60 million, most of which will be in assets. Even allowing for errors in that estimate, it would take a cute conjuring trick to lend £100 million in hard cash to anyone.
For that to be an issue you would have to believe he had lent the club £100m at one go, which as the article shows, is not the case. You would also have to be believe he has no other income. He has lent the money over 10 years, and taken some back by way of interest. Maybe he had over £150m 10 years, I dunno. There may well be a problem but that is not it.
Here is a list of Premership/Championship Owners and their worth. Looking at Bolton's we will be struggling to compete with Championship Clubs moneywise.
List of English Club Owners
Okay!! It is probably outdated, but does let us know roughly what we are up against....
Talk about "Tightening the Belt"... quickly springs to mind...
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"Success is an Enemy to the Loser of the Day".
"The Reebok is My Church"
"Wanderers is my Religion".
(After 61 years, you either have Bolton inside you, or you start supporting another Team)... Since I haven't started supporting another Team, tells my side of the story).
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Legend
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Posted: Mon May 21st, 2012 10:50 pm |
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I thought ED was worth £160m ?
Otherwise the questions remain. But I doubt we'll get answers.
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Frankie
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Posted: Tue May 22nd, 2012 04:24 am |
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Blah, Blah, Blah......
Into the void.....
I must still be dreaming. 
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