Rembrandt Posted February 22, 2016 Posted February 22, 2016 The club is owned by a multi-millionaire. A tax bill of around £2m, run up under his ownership, is overdue for payment. The club is being taken to court on a winding up order over the tax bill. The club has recently sold assets worth £10m or so. Those are the facts as I understand them. Have I got anything wrong ? The logic escapes me. Quote
Moderators Carlos Posted February 22, 2016 Moderators Posted February 22, 2016 We'd get reformed and start again in a regional north west league. We will always exist in some capacity . Won't come to that though. Not happening pal. Manchester League or West Lancs League is the absolute best you can hope for as the rules stand. I can't name a ground in the Bolton area that would pass North West Counties grading apart from Daisy Hill, and that's fucking miles away. Even then, with one promotion spot. the NWC Prem is the hardest league to get out of in the football pyramid. Quote
Site Supporter superjohnmcginlay Posted February 22, 2016 Site Supporter Posted February 22, 2016 (edited) So Eddie has asked if SS can fund us for five years? Seems a reasonable question http://m.theboltonnews.co.uk/news/14292704.UPDATED__Holdsworth___s_Sports_Shield_deal_could_save_Wanderers_today/ Edited February 22, 2016 by superjohnmcginlay Quote
Moderators Carlos Posted February 22, 2016 Moderators Posted February 22, 2016 He also seems to have asked if we can fund him for five years. It's like selling someone a car with three wheels and still wanting them to chauffeur you around. Quote
mickbrown Posted February 22, 2016 Posted February 22, 2016 So Eddie has asked if SS can fund us for five years? Seems a reasonable question http://m.theboltonnews.co.uk/news/14292704.UPDATED__Holdsworth___s_Sports_Shield_deal_could_save_Wanderers_today/ It'd be a more reasonable question if he'd had the decency to pay the tax bill and the wages. Quote
waffer cup 07 Posted February 22, 2016 Posted February 22, 2016 To ask a club in such dire straits for funds for the next 5 years is madness.ED has lost it. Quote
birch-chorley Posted February 22, 2016 Posted February 22, 2016 This can't be right.... 'Losing £1 million a month, Wanderers currently spend £10 million a year on player wages and the same amount again on non-playing staff, services and so-called corporate costs.' £10m a year on non playing staff costs If that's right were fucked whatever happens, that needs to be more like £1m if / when we are in league 1 Quote
kent_white Posted February 22, 2016 Posted February 22, 2016 were fucked whatever happens Now you're getting it! :-) Quote
Gonk Posted February 22, 2016 Posted February 22, 2016 I wonder if this is included in the bill? Heathcote & Co. *PLEASE SHARE* We are holding a recruitment evening on Tuesday 23rd February at the Macron Stadium. It will be an open evening so anyone can come in between 4pm-7pm. Heathcote&Co are looking for all ages, food and bar service for weekdays, evenings and weekends. Let all your friends and family members know. The room will be confirmed nearer to the time.Hope to see lots of you there Quote
Rizlar Posted February 22, 2016 Posted February 22, 2016 Ok I understand the players wages which is a joke but the 10 million a year non playing costs what's that all about and why doesn't ED pay the tax bill it's his anyway while he's in charge! Quote
Mounts Kipper Posted February 22, 2016 Posted February 22, 2016 No one can defend ED anymore let's hear folk try. What a cunt he is. Quote
Bigtoe Posted February 22, 2016 Posted February 22, 2016 Folk saying they are packing it in...have a word. Your team needs you more than ever. As for ED.. IF he has asked for future payments for the next 5 years then he is a right cock. Id be getting someone to taste his soup on a matchday. Quote
Blondi Posted February 22, 2016 Posted February 22, 2016 I really can't see HMRC being very sympathetic towards us, especially with all the assets we've just sold, but there's nothing in the pot for HMRC? I'd be very surprised if the revenue allow us another 7 days, so possible administration? What happens if the revenue aren't happy about administration either? Worst case is we could get wound up and put into liquidation. Quote
enzo gambaro Posted February 22, 2016 Posted February 22, 2016 Folk saying they are packing it in...have a word. Your team needs you more than ever. Good man. Assuming I've not got a spare sixty million quid I've no use for down the back of the couch, what is it I can do to help in our time of need? Quote
Guest Posted February 22, 2016 Posted February 22, 2016 HMRC don't get to decide, the judge does. I find the situation odd, why not pay the tax bill if we've been selling things off to raise money? Quote
gonzo Posted February 22, 2016 Posted February 22, 2016 HMRC don't get to decide, the judge does. I find the situation odd, why not pay the tax bill if we've been selling things off to raise money? I got lambasted by casino for asking the same fucking question. You must be thick as two short planks too. Quote
Rembrandt Posted February 22, 2016 Posted February 22, 2016 Weren't we generally against clubs going into admin to avoid debts ? What'll be the feeling if we do it ? Quote
Arrested development Posted February 22, 2016 Posted February 22, 2016 (edited) Not happening pal. Manchester League or West Lancs League is the absolute best you can hope for as the rules stand. I can't name a ground in the Bolton area that would pass North West Counties grading apart from Daisy Hill, and that's fucking miles away. Even then, with one promotion spot. the NWC Prem is the hardest league to get out of in the football pyramid. I don't know the ins and outs of the league system at that level, but surely if clubs like Darlington can be wound up and start again, then Bolton will be able to in some capacity. Edited February 22, 2016 by Arrested development Quote
Sweep Posted February 22, 2016 Posted February 22, 2016 Weren't we generally against clubs going into admin to avoid debts ? What'll be the feeling if we do it ? I'm against it, any club, including ours, that goes into administration, should face relegation/demotion of at least 4 divisions, thus being turfed out of the league all together Quote
Moderators Carlos Posted February 22, 2016 Moderators Posted February 22, 2016 (edited) I don't know the ins and outs of the league system at that level, but surely if clubs like Darlington can be wound up and start again, then Bolton will be able to in some capacity. I don't know about Darlington but the rules have changed and new clubs are right at the back out the queue when it comes to league entry. You are looking at essentially Division 11 where you don't pay to get in, best case scenario. There are clubs wanting to join NWC who will be knocked back as it's full. Different regions' leagues might not be but that's of no relevance to us. Edited February 22, 2016 by Carlos Quote
Mounts Kipper Posted February 22, 2016 Posted February 22, 2016 Against taking Admin because ED HAS sold assets and still not looking like he will pay the bill and it obviously confirms our relegation some legacy this would be. Quote
Ani Posted February 22, 2016 Posted February 22, 2016 It never ceases to amaze how people let their lives get ruined by rumours on social media. People talking about packing in going because of a Twitter rumour, I bet the same people stopped using public transport when the Daily Sport reported a Double Decker bus on the moon. When the facts come then decide if you are going to kill yourselves. The only facts we know are that we are to try and get an extension today, and that Deanos lot are the front runners at the moment. Please remember the rumours you are hearing may well be started by people who supported other bids, doubt Deanos lot would be publicising the minor details, in fact not sure if legally they could before been to court. But here is a possible scenario, a consortium let's call them ST for no particular reason had discussions with the club but did not have enough cash up front. ED says to them, we can only progress this deal if i extend my support for a while, I will only do this if you agree that I will get a set % of this back, guaranteed by the TV money. If you do raise extra funding elsewhere I will drop out. ST do not like this so ED goes elsewhere, so the rumours start as they tend to from a grain of truth that a deal was deoendant on ED getting his money back via TV rights. This is totally made up, but if posted as FACT on social media and then recounted a few times it gains credence. Quote
Moderators Carlos Posted February 22, 2016 Moderators Posted February 22, 2016 Back in the day, you found out via the BEN, three days later, you went and sang "Warbies Out". Then carried on going. Quote
Rembrandt Posted February 22, 2016 Posted February 22, 2016 Well, we can always give him a warm welcome when he takes his seat in the posh seats and in his named suite. Quote
kent_white Posted February 22, 2016 Posted February 22, 2016 It never ceases to amaze how people let their lives get ruined by rumours on social media. People talking about packing in going because of a Twitter rumour, I bet the same people stopped using public transport when the Daily Sport reported a Double Decker bus on the moon. When the facts come then decide if you are going to kill yourselves. The only facts we know are that we are to try and get an extension today, and that Deanos lot are the front runners at the moment. Please remember the rumours you are hearing may well be started by people who supported other bids, doubt Deanos lot would be publicising the minor details, in fact not sure if legally they could before been to court. But here is a possible scenario, a consortium let's call them ST for no particular reason had discussions with the club but did not have enough cash up front. ED says to them, we can only progress this deal if i extend my support for a while, I will only do this if you agree that I will get a set % of this back, guaranteed by the TV money. If you do raise extra funding elsewhere I will drop out. ST do not like this so ED goes elsewhere, so the rumours start as they tend to from a grain of truth that a deal was deoendant on ED getting his money back via TV rights. This is totally made up, but if posted as FACT on social media and then recounted a few times it gains credence. Have a plus one. You'll have to pretend actually because I can't do it on my phone. The only thing we know for sure is that none of us really have any idea what's going on. Make your judgements when the dust has settled. Quote
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