Generic clubs in financial crisis Thread

[Stranded]

In football terms Scotland is a different country to England no?

[Tony Le Mesmer]

In football terms Scotland is a different country to England no?

think you misunderstood, just pointing out that even in the same country its 1 rule for some, 1 for another.

[rabidbee]

In football terms Scotland is a different country to England no?

think you misunderstood, just pointing out that even in the same country its 1 rule for some, 1 for another.

Same country, different leagues.

[No Hoops]

Bristol City Lose £11m.

Losses will be covered by the board short term.

New ground under threat due to council approving a new "green" are where ground was proposed. Watch this space!!!

[Barry the bird boggler]

Just wondering... what sort of state will Middlesbrough be in if they don't get promoted this year?

[Ginger Ninjas]

Just wondering... what sort of state will Middlesbrough be in when they don't get promoted this year?

[SWLR]

Bristol City Lose £11m.

Losses will be covered by the board short term.

New ground under threat due to council approving a new "green" are where ground was proposed. Watch this space!!!

Their Chairman must be quaking in his boots - the rumour was the following was done to pay for the ground:

Hargreaves Lansdown co-founder Stephen Lansdown has made over £58m after selling a 2.86 per cent stake in the firm.

Lansdown, who co-founded the firm with Peter Hargreaves in 1981, sold 13,560,843 ordinary shares at 429p. The transaction leaves Lansdown with 95.5m ordinary shares, which represents 20.1 per cent of the shares in issue.

[Svlad Cjelli]

Bolton's results came out this week - they lost £34.5M last year.

[Stranded]

Sheff Weds facing another winding up order on 1st Dec.

[John Madejski's Wallet]

Bolton's results came out this week - they lost £34.5M last year.

They can't last much longer surely?

[handbags_harris]

Bolton's results came out this week - they lost £34.5M last year.

They can't last much longer surely?

According to SSN last night their total debt now stands at £93 million

[Wax Jacket]

Madejski should be applauded for manouevring us out of the PL before it was too late

[weybridgewanderer]

Bolton's results came out this week - they lost £34.5M last year.

In the financially lucrative premier league, if Bolton lost 34M in a year, what do they think they will achieve that will make them profitable?

[handbags_harris]

Bolton's results came out this week - they lost £34.5M last year.

In the financially lucrative premier league, if Bolton lost 34M in a year, what do they think they will achieve that will make them profitable?

Dunno if it's an achievement to sell players, but Gary Cahill and Johann Elmander are names being touted around for moves away so Bolton can reduce their wage bill.

[Svlad Cjelli]

Bolton's results came out this week - they lost £34.5M last year.

In the financially lucrative premier league, if Bolton lost 34M in a year, what do they think they will achieve that will make them profitable?

They don't - they can't compete in the financial arms race with the bigger clubs, but the financial trap they're caught in means that they know if they get relegated they'll go bust, and so they keep spending just to stay up and to stay in existence.

[Royal With Cheese]

Bolton's results came out this week - they lost £34.5M last year.

In the financially lucrative premier league, if Bolton lost 34M in a year, what do they think they will achieve that will make them profitable?

Dunno if it's an achievement to sell players, but Gary Cahill and Johann Elmander are names being touted around for moves away so Bolton can reduce their wage bill.

Could that be the same Gary Cahill that we "should have signed" in the PL?

[weybridgewanderer]

They don't - they can't compete in the financial arms race with the bigger clubs, but the financial trap they're caught in means that they know if they get relegated they'll go bust, and so they keep spending just to stay up and to stay in existence.

with losses of 34M a year, urely they will go bust, relegated or not?

i do not believe the PL is the pot of gold everyone is making it out to be. yes the TV inccome is high, but the rediculous expenditure is a joke! And this nonsense about how the money feeds its way down the leagues through transfer fees? Bollox! It is keep high end car manafucaturers in business.

[Tony Le Mesmer]

They don't - they can't compete in the financial arms race with the bigger clubs, but the financial trap they're caught in means that they know if they get relegated they'll go bust, and so they keep spending just to stay up and to stay in existence.

with losses of 34M a year, urely they will go bust, relegated or not?

Have you not heard of ammasing huge debts, refusing to pay most of it leaving local business's fckd, then carrying on as if the whole thing never happened? Its the Premiership model you know.

[swansea jack]

They don't - they can't compete in the financial arms race with the bigger clubs, but the financial trap they're caught in means that they know if they get relegated they'll go bust, and so they keep spending just to stay up and to stay in existence.

with losses of 34M a year, urely they will go bust, relegated or not?

Have you not heard of ammasing huge debts, refusing to pay most of it leaving local business's fckd, then carrying on as if the whole thing never happened? Its the Premiership model you know.

Standard business model

[Hoop Blah]

That's a pretty staggering level of debt for Bolton but I think most of it is owed to the owner who one presumes is reasonably comfortable with it and isn't going to start calling it in (in a similar way as we owe Madejski and Chelsea owe Abramovich).

To lose that amount of money in one year, a third of their debt, seems odd too.