SJM on radio Manchester just said that the club have been talking to potential investors for last two weeks. Let's hope so!

It's not a discounted rate though is it?

 

The man can only spend x number of days in the UK for tax reasons. He isn't fucking struggling. You wouldn't pay tax on fucking huge losses

 

Big difference between him personally struggling and him having made money out of Bolton. Of course he hasn't. You only need look at the losses each year. I assume he is personally covering those seeing as the debt is owed to him in the main save a £5M bank overdraft. So he's covered ~ £100M worth of debt with interest added to the tab up until a few seasons ago when interest stopped being added. How much of that is he going to see again? A fraction......

Anyone who thinks ED has made a profit is clearly stark raving mad.

So he's covered ~ £100M worth of debt with interest added to the tab up until a few seasons ago when interest stopped being added. How much of that is he going to see again? A fraction......

You do know who was charging the interest don't you?

 

For what it's worth, I don't think he's made millions out of the club, but he certainly won't be losing £100M+ If this deal happens. A lot of this debt is "smoke and mirrors"

Big difference between him personally struggling and him having made money out of Bolton. Of course he hasn't. You only need look at the losses each year. I assume he is personally covering those seeing as the debt is owed to him in the main save a £5M bank overdraft. So he's covered ~ £100M worth of debt with interest added to the tab up until a few seasons ago when interest stopped being added. How much of that is he going to see again? A fraction......

 

How does a guy who is worth £100million cover a debt of £179million?

 

You do not get to be rich by being an idiot.

How does a guy who is worth £100million cover a debt of £179million?

 

You do not get to be rich by being an idiot.

 

In which case, where has the money come from? I don't doubt that he hasn't handed over £100M in crisp banknotes.

 

But for a significant number of seasons we've spent above our income. Given we're not in debt to anyone else, outside of a small bank overdraft where did that come from?

In which case, where has the money come from? I don't doubt that he hasn't handed over £100M in crisp banknotes.

 

But for a significant number of seasons we've spent above our income. Given we're not in debt to anyone else, outside of a small bank overdraft where did that come from?

That I don't know but I think it points towards we can't be as poor as we think we are

That I don't know but I think it points towards we can't be as poor as we think we are

 

I think it points more to Eddie, having put a lot of money into the club to keep it running is now fed up and wants out before he has to spend yet more just to keep us afloat.

I think it points more to Eddie, having put a lot of money into the club to keep it running is now fed up and wants out before he has to spend yet more just to keep us afloat.

I would see it as he wants to retire leave it to someone new.

In which case, where has the money come from? I don't doubt that he hasn't handed over £100M in crisp banknotes.

 

But for a significant number of seasons we've spent above our income. Given we're not in debt to anyone else, outside of a small bank overdraft where did that come from?

Didn't a big chunk of the paper debt come from downgrade of the club's assets such as the value of playing staff following relegation?

Didn't a big chunk of the paper debt come from downgrade of the club's assets such as the value of playing staff following relegation?

Paper loss last year, not paper debt. From memory I think we 'lost' c£50m which included about £20m of impairment & depreciation, I think the debt went up around 25/30m to cover our actual losses.

 

As Dan has rightly pointed out, anyone that thinks ED is in profit from his stint in providing us the good times at BWFC is delusional. I keep hearing this 10% interest bollocks, what people don't seem to understand is that all that means is any interest we had to pay back to his company just increases our losses for that year... Guess who covers those losses with further loans?

 

What the interest actually means is that ED's company hasn't physically put in £160m, some of that balance will include the interest payments on the early loans which we have effectively defaulted on, if you go back through the accounts you could figure out the actual monetary amount owed by taking the increase in the loan then deducting the interest charge in the P&L for that year. I'd take a wild guess that the physical cash figure of that loan is around £90-100m.

 

As we haven't been profit making for as long as I can remember there hasn't been a point for ED to take money out of the company. Without knowing his actual thoughts I would guess that he is hoping that we either get back to the prem and he can finally pay back some of that loan (ie recoup his cash), or he sells up and any proceeds will net off against his cash input leaving the deficit as the cost of him running his boyhood club for 15-20 mainly successful years.

Paper loss last year, not paper debt. From memory I think we 'lost' c£50m which included about £20m of impairment & depreciation, I think the debt went up around 25/30m to cover our actual losses.

 

As Dan has rightly pointed out, anyone that thinks ED is in profit from his stint in providing us the good times at BWFC is delusional. I keep hearing this 10% interest bollocks, what people don't seem to understand is that all that means is any interest we had to pay back to his company just increases our losses for that year... Guess who covers those losses with further loans?

 

What the interest actually means is that ED's company hasn't physically put in £160m, some of that balance will include the interest payments on the early loans which we have effectively defaulted on, if you go back through the accounts you could figure out the actual monetary amount owed by taking the increase in the loan then deducting the interest charge in the P&L for that year. I'd take a wild guess that the physical cash figure of that loan is around £90-100m.

 

As we haven't been profit making for as long as I can remember there hasn't been a point for ED to take money out of the company. Without knowing his actual thoughts I would guess that he is hoping that we either get back to the prem and he can finally pay back some of that loan (ie recoup his cash), or he sells up and any proceeds will net off against his cash input leaving the deficit as the cost of him running his boyhood club for 15-20 mainly successful years.

 

how can it be that high when he is only worth £100m. is he on bread and water. i bet his family are fucking livid.....losing the good life to aid some football halfwits

i am not really interested if he's made a profit or a loss, thats his business.

 

He's a huge reason we managed to get the some seriously dizzy heights once upon a time.

 

and for that, i thank you eddie davies

how can it be that high when he is only worth £100m. is he on bread and water. i bet his family are fucking livid.....losing the good life to aid some football halfwits

 

How do you accurately know what resources and money Eddie Davies has available to him?

How do you accurately know what resources and money Eddie Davies has available to him?

The same way you seem to accurately know he has lost millions it's pure guess work.

 

His net worth is reported at being around £90-100m is it not? If we owe him £179m. He writes off the debt for £50m that still leaves him £29 million in debt does it not ?

The same way you seem to accurately know he has lost millions it's pure guess work.

 

His net worth is reported at being around £90-100m is it not? If we owe him £179m. He writes off the debt for £50m that still leaves him £29 million in debt does it not ?

 

Not really, because I can look at the annual accounts and see we made a loss year on year and then see that our only major debt is to Eddie. There is something quantifiable there. And whilst one can speculate about what is paper and what is real debt you can at least look at excess spending and wages and conclude they are real debts as opposed to interest or write downs etc....

 

Eddie's worth I'm guessing is far harder to calculate and based probably mainly on guesswork.....

i find it odd that when eddie was creaming it in he didn't sell up

 

we must have been a very attractive opportunity

 

folk mustve been queuing up

i find it odd that when eddie was creaming it in he didn't sell up

 

we must have been a very attractive opportunity

 

folk mustve been queuing up

 

Because it needs to be handed on to someone he trusts can look after the club properly.

This cuts out many of the crazies who have put money into Premier League clubs this century.

Wooooosh

A lot of the debt has been interest upon interest.

 

Let's go to our old friend twixonomix.

 

If I move four twxies from one my outlets to another of my outlets, I still have four twixes.

If I decide a month later that Outlet B owes Outlet A 5 twixes due to interest, that extra twix doesn't really exist.

 

There aren't suddenly 5 twixes. One of my outlets isn't really in debt to the tune of one twix.

A lot of the debt has been interest upon interest.

 

Let's go to our old friend twixonomix.

 

If I move four twxies from one my outlets to another of my outlets, I still have four twixes.

If I decide a month later that Outlet B owes Outlet A 5 twixes due to interest, that extra twix doesn't really exist.

 

There aren't suddenly 5 twixes. One of my outlets isn't really in debt to the tune of one twix.

But in the mean time you have had to give two twixes to footballers to make them play for you?

Eddie wants out & is not going to put any more money into the club .We need new ownership asap.

But in the mean time you have had to give two twixes to footballers to make them play for you?

 

Then he still has two twixes, but no real debt.

Then he still has two twixes, but no real debt.

and on paper still owes the first shop 5 twixes

Edited April 21, 201511 yr by tyldesley_white

Then he still has two twixes, but no real debt.

But he use to have a total of four between his companies so he has lost two?

 

Good news, some people came to watch the footballers and gave him half a twix and sky gave him half a twix too, so he's only lost one.

 

If you could make money by owning a football club with bigger expenditure (even net of interest) than turnover, then we would all be at it.

Why hasn't anewman come along and said that Gartside has scoffed most of the Twixes, then jammed the empty wrappers down the throats of the supporters?

 

Standards are slipping round here.