Forum | Bolton's "Overspending" by theinbetweener

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Bolton's "Overspending" 11:17 - Aug 27 with 1765 views

Does this simply just go back to their EPL days, or also the years that followed?

For me it's a strange one as I can't seem to remember Bolton being one of those teams that ever splashed millions upon millions on transfer fees. Presumably they were just very careless when offering salaries to the likes of Okocha, Djorkaeff, Campo etc...

Even once they were relegated from the EPL, I don't recall them making big name signings in an attempt to go straight back up again?

Maybe my memory's just shot to pieces though. If somebody could enlighten me more on their financial woes (As I'm sure it has more to do than just spending on playing staff), it would be appreciated.

Bolton's on 11:43 - Aug 27 with 1700 views

Steve_M

This is worth reading:

http://twohundredpercent.net/bolton-wanderers-bad-worse/

Also the Guardian article linked within from 2009:

https://www.theguardian.com/sport/david-conn-inside-sport-blog/2009/nov/05/bolto

But Eddie Davies later wrote off most of that debt and the new owners have been distinctly dodgy:

In respect of Bolton why did the EFL allow a man previously banned from being a company director acquire the club, then pay himself Â£525k & Â£125k to his son for â€˜consultancyâ€™ as well as borrow money at 24% a year? #BWFC #WakeUpToMoney @seanfarrington pic.twitter.com/dtg2wQzor8
— PriceOfFootball (@KieranMaguire) August 27, 2019

Poll:	When are the squad numbers out?
Blog:	Cycle of Hurt

Bolton's on 12:25 - Aug 27 with 1578 views

theinbetweener

Bolton's on 11:43 - Aug 27 by Steve_M

In respect of Bolton why did the EFL allow a man previously banned from being a company director acquire the club, then pay himself Â£525k & Â£125k to his son for â€˜consultancyâ€™ as well as borrow money at 24% a year? #BWFC #WakeUpToMoney @seanfarrington pic.twitter.com/dtg2wQzor8
— PriceOfFootball (@KieranMaguire) August 27, 2019

Thank you Steve. Very interesting reads indeed...

Bolton's "Overspending" on 13:52 - Aug 27 with 1400 views

ElephantintheRoom

They were ludicrously overspending on player wages and a new ground. Shades of Ipswich Town. Strangley both chairmen saw themselves as the men to run the FA - and football - despite being utterly incompetent.

Blog:

The Swinging Sixty

Bolton's on 13:58 - Aug 27 with 1384 views

Swansea_Blue

Not forgetting this essential analysis

I analysed Bolton's finances months ago & a fan has asked if it is deliberate that if you take the first letter of each sentence of the report it spells "Ken Anderson has a small willy". This is not deliberate, just an amazing coincidence. #BWFC https://t.co/h9Ow1GLZ3Y
— PriceOfFootball (@KieranMaguire) August 27, 2019

Bolton may have been in the PL, but it was at a time before the revenues rocketed and when most clubs there were still losing money just to stand still. Throw in a bit of gambling to try and save their PL status and a less than diligent owner, and you've the perfect storm.

And before anyone is too harsh on them for running up debts, it pays to remember that we've run up £90m worth in order to get relegated to L1.

Poll:

Do you think Pert is key to all of this?

Bolton's "Overspending" on 14:30 - Aug 27 with 1312 views

PhilTWTD

Whether they overspent in that era or otherwise it's not really the issue at present, the debt the previous owner built up during that period were written off some years ago. It's the running of the club by Ken Anderson which has, wholly predictably, got them into this state.

Worth remembering Ken A tried to involve himself in Town back in the day. Search for his name in the below.

EGM Seals Evans Takeover 18th Dec 2007 00:48
Marcus Evans's takeover of Town was formally ratified by the club's shareholders at Monday evening's EGM. The proposal for Evans to take a 87.5% stake in the club received the support of 98.4% of the club's shareholding.

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