Farrelli Posted December 3, 2015 Share Posted December 3, 2015 These are dark days. I don't see a suitable buyer coming forward at this stage so administration looks inevitable. In hindsight we just weren't adequately prepared for dropping out of the prem. The wage bill should have been blitzed in year 1 (post prem) so that the parachutes would have lasted a few more years. We may have had to regroup in league 1 but allowing Coyle to blow our budget on Andrews, Mills as well as Sordell in the January before was suicidal. Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted December 3, 2015 Moderators Share Posted December 3, 2015 Aye, what ED has done is take the 4 years parachute payments and then fuck it off. how do you work out that hes taken anything in the last 4 years?? most of what he's 'owed' is in the accounts as a debt to him Quote Link to comment Share on other sites More sharing options...
Blondi Posted December 3, 2015 Share Posted December 3, 2015 What they asking to purchase the club?Doesn't say in the article. But if nobody comes forward with £10 million then the threat of administration is possible. Quote Link to comment Share on other sites More sharing options...
Plums Posted December 3, 2015 Share Posted December 3, 2015 Lend us 10 million and we'll talk.. Err ok.. I'm sure Deano is checking his old suit jackets as I type.. Quote Link to comment Share on other sites More sharing options...
Moderators Horwich Posted December 3, 2015 Moderators Share Posted December 3, 2015 We offered contracts we cant afford in the premiership and we are still doing it in the championship. Mis-managed at alot of levels I blame Gareth Moores Quote Link to comment Share on other sites More sharing options...
gonzo Posted December 3, 2015 Share Posted December 3, 2015 Lend us 10 million and we'll talk.. Err ok.. I'm sure Deano is checking his old suit jackets as I type.. ...or he's talking to the insolvent couple behind his bid. I've got more money than them. Quote Link to comment Share on other sites More sharing options...
Plums Posted December 3, 2015 Share Posted December 3, 2015 ...or he's talking to the insolvent couple behind his bid. I've got more money than them. Yep! Sorry this is very much gallows humour.. ???? There must be another party involved with more behind them. The Deano thing is just a joke. Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted December 3, 2015 Author Share Posted December 3, 2015 how do you work out that hes taken anything in the last 4 years?? most of what he's 'owed' is in the accounts as a debt to him You have to stop defending ED he has taken interest payments out of the club 22 million from 2010-2014 and plenty more before that, granted he's probably still down on the deal but to do what he's doing right now is unforgivable, he's still very wealthy and should have seen this period through and has the wealth to do just that. Quote Link to comment Share on other sites More sharing options...
mickbrown Posted December 3, 2015 Share Posted December 3, 2015 I find it very strange that ED would let us go to the wall Quote Link to comment Share on other sites More sharing options...
bwfcfan5 Posted December 3, 2015 Share Posted December 3, 2015 You have to stop defending ED he has taken interest payments out of the club 22 million from 2010-2014 and plenty more before that, granted he's probably still down on the deal but to do what he's doing right now is unforgivable, he's still very wealthy and should have seen this period through and has the wealth to do just that. He's added interest to the debt which he will now wipe. Also I've heard that Eddie's family are blocking any more money going to the club. I don't know why but it is what I've heard. I'm not sure Eddie can keep putting money in even if he wanted to. Quote Link to comment Share on other sites More sharing options...
clown Posted December 3, 2015 Share Posted December 3, 2015 Let's be right, they've thrown money at it, enjoyed a gravy train for a while, but had no idea what would happen when the music stopped. It's bad business management not to have an exit strategy. Nobody at the top end is coming out of this sucking their thumb, least of all Eddie and Phil. We've got a manager on half a million plus a year who was taken on a year ago for god's sake, so we've hardly been acting as if we've not got two ha'pennies together. They've got the basics wrong - consistently - so the club can go bust for all I'm concerned and we can start at the very bottom. Everything is shite as it is, even gallows humour would be better than no humbour at all. Quote Link to comment Share on other sites More sharing options...
Plums Posted December 3, 2015 Share Posted December 3, 2015 (edited) Lennon sounds upbeat ! http://m.theboltonnews.co.uk/sport/14121428.Lennon_reveals_positive_news_on_Wanderers_takeover_battle/ Edited December 3, 2015 by Plums Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted December 3, 2015 Moderators Share Posted December 3, 2015 (edited) You have to stop defending ED he has taken interest payments out of the club 22 million from 2010-2014 and plenty more before that, granted he's probably still down on the deal but to do what he's doing right now is unforgivable, he's still very wealthy and should have seen this period through and has the wealth to do just that. he hasn't how many fcukling times Edited December 3, 2015 by Casino Quote Link to comment Share on other sites More sharing options...
Plums Posted December 3, 2015 Share Posted December 3, 2015 Just re read my earlier post and it sounded like I was having a pop at Gonz, definitely not, more myself! All humour is definitely most welcome Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted December 3, 2015 Author Share Posted December 3, 2015 (edited) he hasn't how many fcukling times If he hasn't then the quoted debt is 22 million less than stated. FWIW I don't believe anything this lot say or do, lieing set of bastsrds. He's still worth plenty and could have seen us through this period. Edited December 3, 2015 by Mounts Kipper Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted December 3, 2015 Moderators Share Posted December 3, 2015 he hasn't how many fcukling times and why do you think he's doing it IF he has achoice Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted December 3, 2015 Author Share Posted December 3, 2015 and why do you think he's doing it IF he has achoice He's obviously recouping as much as he can before he gets rid of the club. Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted December 3, 2015 Moderators Share Posted December 3, 2015 He's obviously recouping as much as he can before he gets rid of the club. how is what he is doing 'recouping as much as he can' HIS assets are worth more out of admin he could've been selling bits off for the last few years and then calling in his debt i think you're so pissed ioff you cant see the wood for the trees aye, those running the club have a responsibility in all this but all i9d criticise em for is not pulling the plug when we got relegated and nobody wanted that Quote Link to comment Share on other sites More sharing options...
Members burnden Posted December 3, 2015 Members Share Posted December 3, 2015 https://audioboom.com/boos/3900579-there-s-3-maybe-4-interested-parties-now-says-bolton-boss-neil-lennon Quote Link to comment Share on other sites More sharing options...
Flannel Truscott Posted December 3, 2015 Share Posted December 3, 2015 He's obviously recouping as much as he can before he gets rid of the club. I'm sorry but you are delusional if you really believe this. There's lots of emotion flying around and things get said in the heat of the moment, but if you really, truly believe this then you probably also think that man's never been to the moon and that Bush blew up the twin towers. Quote Link to comment Share on other sites More sharing options...
birch-chorley Posted December 3, 2015 Share Posted December 3, 2015 As you say we should have pulled the plug as soon as we got relegated, capped any new players wages at a couple of grand a week and gone with what we had clearing the big earners as soon as the contracts were up If you'd have said that to me at the time though Id have called you a fool as I thought investment would have got us up within a season or two. Its not that long ago Id have liked to have seen us plunge further into the mire to sign ALF, Juke Dawson etc Suppose we didn't know how bad it was though and with a bit more visibility / knowledge of the situation maybe cutting back sooner would have been much more paletable We need a full clear out / start again and hopefully we can turn a corner in terms of culture within the whole club / business Not sure if that means league 1 but its certainly looking that way Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted December 3, 2015 Moderators Share Posted December 3, 2015 from the sound of lennon we might still have a chance if its still like this on saturday, just get your arses to the ground and get the arses of anybody who claims to be a fan of our great club to the ground for too long the people of bolton have taken this club for granted lets show it means something to more than a few of us Quote Link to comment Share on other sites More sharing options...
gonzo Posted December 3, 2015 Share Posted December 3, 2015 (edited) Do people think ED is sat in his fildraw house mansion on the Isle of Man counting his cash whilst watching our demise on his flat screen telly on a pneumatic arm?? There's more to it than that. His companies can't raise the cash anymore to run this arm of their operation. Have a look at the intricate network of his operations and off shore equity groups that have no trace that BB posted yesterday. The game is up. ED's money hasn't run out. His companies ability to raise cash has come to an end. It's not just him. He's a front for a network of consortiums with a gazillion companies registered to our address. The game is up. Edited December 3, 2015 by gonzo Quote Link to comment Share on other sites More sharing options...
birch-chorley Posted December 3, 2015 Share Posted December 3, 2015 (edited) dp Edited December 3, 2015 by birch-chorley Quote Link to comment Share on other sites More sharing options...
waffer cup 07 Posted December 3, 2015 Share Posted December 3, 2015 And if we weren't told he his a lifelong supporter with his heart in the club, I could accept your explanation. Quote Link to comment Share on other sites More sharing options...
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