Guest Posted December 2, 2015 Posted December 2, 2015 I'd be very surprised if we don't go down the administration route. Presumably, the assets will still be protected? Unlike if we went into liquidation. I'd imagine any potential buyers could then buy us at a decent price and not have to worry so much about our astronomical overheads. Pretty sure there would be a massive player cull and we start again in League 1 with a clean slate? Not that I know much about it like. Isn't that simple. Administrators sell off assets in the best way they can to cover debts. Could lose a lot. It isn't a magic silver bullet. Quote
tarian1979 Posted December 2, 2015 Posted December 2, 2015 Administration and league one sound dogshit Quote
Rembrandt Posted December 2, 2015 Posted December 2, 2015 Administration and league one sound dogshit At least we'd have a club. I think. Quote
Smiffs Posted December 2, 2015 Posted December 2, 2015 They must have been paid somewhere otherwise they can't be in the accounts as interests payments. Maybe a qualified accountant out there on WWs can confirm or deny if that's possible. Just pop them into the directors loan account? Quote
ex_midlandwhite Posted December 2, 2015 Posted December 2, 2015 They must have been paid somewhere otherwise they can't be in the accounts as interests payments. Maybe a qualified accountant out there on WWs can confirm or deny if that's possible. Poor Eddie has had to go through this before. Not all profit and loss items are also cash flow. The interest was accrued so counts towards the loss. If the amount was actually paid then the size of loan would stay the same and it would be a cash flow item. If it is not paid then it is added to the loan amount. Think about how the differences between an interest only mortgage and a repayment mortgage. Except in this case even the interest isn't paid so the loan value increases. Quote
snowball Posted December 2, 2015 Posted December 2, 2015 Can only see administration for the club , still puzzles me that all this has come about with PG going into hospital something just doesn't add up . No doubt in time the truth will come out! Is he in hospital? Quote
Blondi Posted December 2, 2015 Posted December 2, 2015 It looks like HMR&C are after us for PAYE, so going into administration could be a real possibility. http://www.telegraph.co.uk/sport/football/teams/bolton-wanderers/12030190/Bolton-face-administration-if-HMRC-issues-winding-up-order.html Quote
snowball Posted December 2, 2015 Posted December 2, 2015 Not currently. No, didn't think so. Hiding in his shed according to one wag in Bolton News Views Quote
gonzo Posted December 2, 2015 Posted December 2, 2015 It looks like HMR&C are after us for PAYE, so going into administration could be a real possibility. http://www.telegraph.co.uk/sport/football/teams/bolton-wanderers/12030190/Bolton-face-administration-if-HMRC-issues-winding-up-order.html It's happening. Make no mistake. It's happening. Quote
bwfc2003 Posted December 2, 2015 Posted December 2, 2015 It looks like HMR&C are after us for PAYE, so going into administration could be a real possibility. http://www.telegraph.co.uk/sport/football/teams/bolton-wanderers/12030190/Bolton-face-administration-if-HMRC-issues-winding-up-order.html If you read the article it says we owe 300k this month and if we don't pay it they MAY take further action Quote
HomerJay Posted December 2, 2015 Posted December 2, 2015 they will do fuck all... because then they will get fuck all. Quote
Casino Posted December 2, 2015 Posted December 2, 2015 in the style of those losers who told us holdsworth was buying the club a few weeks back...... wandersways can confirm that bwfc will enter administration on friday Quote
ZiggyStardust Posted December 2, 2015 Posted December 2, 2015 I was happy in my ignorance before this new fangled let the fans know whats happening craze came along. Quote
birch-chorley Posted December 2, 2015 Posted December 2, 2015 I was happy in my ignorance before this new fangled let the fans know whats happening craze came along. Ha ha I think I'd have preferred just going into admin on Friday as well Quote
jturner Posted December 2, 2015 Posted December 2, 2015 I'd love it if the shitstorm thats coming ends up with Bolton Wanderers back in Bolton. Quote
gonzo Posted December 2, 2015 Posted December 2, 2015 I'd love it if the shitstorm thats coming ends up with Bolton Wanderers back in Bolton. Spa road playing fields? Or shirts v skins on Burnden asda car park? Quote
famouswanderer Posted December 2, 2015 Posted December 2, 2015 All very depressing. Just hope we have our football club to support next season. Quote
jturner Posted December 2, 2015 Posted December 2, 2015 Spa road playing fields? Or shirts v skins on Burnden asda car park? The old Moor Lane bus station when its moved to Trinity St Quote
Mounts Kipper Posted December 2, 2015 Author Posted December 2, 2015 I'd love it if the shitstorm thats coming ends up with Bolton Wanderers back in Bolton. It could come to that the current support base does not support nor justify the Macron stadium however if we move back to a smaller stadium that will hinder any chances of a revival or return to the top flight. Quote
Whites man Posted December 2, 2015 Posted December 2, 2015 they will do fuck all... because then they will get fuck all. HMRC closed Rangers down. Quote
tomski Posted December 2, 2015 Posted December 2, 2015 HMRC closed Rangers down.Arent they a priority creditor in Scotland? Apologies if I have this wrong Quote
Take Hunt Off Posted December 2, 2015 Posted December 2, 2015 This is really depressing my head says administration is not going to happen that there is no logic to it but my guts tell me it is ....It's just like the feeling you get before a match that you feel your team will lose despite everyman & his dog telling you otherwise. Quote
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