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Bolton Wanderers Debt - £163.8m


mozam76

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This is nowhere near as bad as it sounds. The debt is servicing a new hotel, youth academy and a few other recent investments. Only about £12 million is owed to the bank and there is a plan in place to cut costs over the next five years if they don't go back up this season.

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This is nowhere near as bad as it sounds. The debt is servicing a new hotel, youth academy and a few other recent investments. Only about £12 million is owed to the bank and there is a plan in place to cut costs over the next five years if they don't go back up this season,

A hotel? fucking great idea...

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Guest The Phoenix

This is nowhere near as bad as it sounds. The debt is servicing a new hotel, youth academy and a few other recent investments. Only about £12 million is owed to the bank and there is a plan in place to cut costs over the next five years if they don't go back up this season,

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  • 1 year later...

Probably just brinksmanship from any buyers given the circumstances. Davies is going to write off the £175m debt so that's the major deterrent out of the way. Surprised he's just pulled the plug Mileson style though.

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Is this the same team who was desperate for the EPL to be a closed shop? If so, then pleasing news.

Was their chairman not one an advocate for a premier league 2 or a EPL closed shop? I forget which one.

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Went down there for a pre-season years ago and their fans seemed like a bunch of horrible Londsdale wearing scum. I'll laugh if they die.

Bit harsh, those fans have families.

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Winding up order issued by hmrc today

Thoroughly pleasing news. With the apparent claim that their 'big debt' would be written off, I feared that they'd get off scot-free for years of blatant financial doping.

Polishing my grave-dancing shoes now.

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I'm actually surprised Neil "Best manager in Britain" Lennons not singlehandedly saved them by getting them into the Champions League

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