https://www.theboltonnews.co.uk/sport/17476994.catering-company-threaten-to-pull-out-at-bolton-wanderers/

2 minutes ago, Mounts Kipper said:

A competitive club is beyond us at the moment however a solvent well run business should not be beyond our expectations, lets not forget Burton Albion were unlucky to get relegated last season on a fraction of the income and budget that we have. 

This. We were supposed to be living within our means, but without seeing the full details, I'm struggling to see how that was to be achieved.

Lots of cuts true, but two players purchased and plenty of others on frees. All have to be paid.

I know the old adage "speculate to accumulate" but if there is so little money, then why bring them in?

3 minutes ago, gonzo said:

https://www.theboltonnews.co.uk/sport/17476994.catering-company-threaten-to-pull-out-at-bolton-wanderers/

Flask and sandwiches Saturday then 

1 minute ago, radcliffewhite1 said:

Flask and sandwiches Saturday then 

Take your kit too.

5 minutes ago, Mounts Kipper said:

A competitive club is beyond us at the moment however a solvent well run business should not be beyond our expectations, lets not forget Burton Albion were unlucky to get relegated last season on a fraction of the income and budget that we have. Let us not forget Anderson has also had circa 13 million for player sales something that he could not have budgeted for, yet he still cannot seem to make ends meet despite having 3 years to sort it and saying last season that the business was on an even keel and close to running at a profit.         

if you have a business plan that repays the outstanding loans and creditors and would ensure future solvency why not send it to Mr Basran and Ms Brittan and offer your services as Finance Director. Alternatively you could make a visit to the Swiss Ramble blog where you might get  a better inkling of what's actually going on in the competitive, but loss-making, world of professional football  clubs in the EFL

If Nat Lofthouse was still alive he’d be turning in his grave.

-Bolton Fan, Talksport. 05/03/19

44 minutes ago, Chris Custodiet said:

I suspect that you weren't at the AGM last May which KA called voluntarily to engage with shareholders (mostly supporters) and where he made himself available to answer any questions anyone raised. Personally  I felt more cautious than the general mood of the AGM which was what a wonderful job KA was doing. But he had kept the show on the road through two challenging years,  made much  more difficult by the 'partner' he arrived with.

The mood changed dramatically with the players strike in the summer.

But there is no easy way for a Championship club to compete without a Sugar Daddy. Perhaps you could tell us what your plan would have been and how you would have put together and financed a competitive Championship club.

 

The last bit is just shite isn't it? Clayton Donaldson is a better footballer than anyone on here ever could've dreamt of being, lets never criticise him either. Ken took it on, it's on him.

Which of Ken's actions do you think can be justified by the 'abuse' he's been getting?

6 minutes ago, Tonge moor green jacket said:

Take your kit too.

Will borrow birch Chorleys he’s wears replica kits 

I’m another one that believed we were on the road to breaking even 

Park the exceptional items such as the Blue marble loans. Operationally we should be running with our outgoings broadly matching our incomings. That might mean a playing budget of £4m a year, so be it, it’s better than spending double and still being atrocious on the pitch. At least we would have been in a better position to stay afloat 

Edited March 5, 20197 yr by birch-chorley

8 minutes ago, birch-chorley said:

I’m another one that believed we were on the road to breaking even 

Park the exceptional items such as paying the Blue marble etc operationally we should be running with our outgoings broadly matching our incomings. That might mean a playing budget of £4m a year, so be it, it’s better than spending double and still being atrocious on the pitch. At least we would have been in a better position to stay afloat 

100%. Maybe Ken's tried to help PP with more players, but putting financial security at risk seems perverse. Especially given his repeated statements about the financial mess he inherited.

12 minutes ago, Chris Custodiet said:

if you have a business plan that repays the outstanding loans and creditors and would ensure future solvency why not send it to Mr Basran and Ms Brittan and offer your services as Finance Director. Alternatively you could make a visit to the Swiss Ramble blog where you might get  a better inkling of what's actually going on in the competitive, but loss-making, world of professional football  clubs in the EFL

Ken has not paid any debt down, he said that he was concentrating on making the business profitable, as far as I know he has not reduced debt levels and still cannot make payments to creditors or staff on time. In short his business plan has been sadly exposed, despite 13 million of income that could not have been budgeted for dropping into his lap. there is no excuse.        

5 minutes ago, birch-chorley said:

I’m another one that believed we were on the road to breaking even 

Park the exceptional items such as paying the Blue marble etc operationally we should be running with our outgoings broadly matching our incomings. That might mean a playing budget of £4m a year, so be it, it’s better than spending double and still being atrocious on the pitch. At least we would have been in a better position to stay afloat 

If you believed that, I believe you were  being unduly optimistic. Every indication  was that whilst costs were reducing they were unlikely to be reducing enough to break even or make inroads into overdue debt.

 

16 minutes ago, Chris Custodiet said:

if you have a business plan that repays the outstanding loans and creditors and would ensure future solvency why not send it to Mr Basran and Ms Brittan and offer your services as Finance Director. Alternatively you could make a visit to the Swiss Ramble blog where you might get  a better inkling of what's actually going on in the competitive, but loss-making, world of professional football  clubs in the EFL

That's Ken's job.

With any luck the new lot will be better at it.

41 minutes ago, Mounts Kipper said:

A competitive club is beyond us at the moment however a solvent well run business should not be beyond our expectations, lets not forget Burton Albion were unlucky to get relegated last season on a fraction of the income and budget that we have. Let us not forget Anderson has also had circa 13 million for player sales something that he could not have budgeted for, yet he still cannot seem to make ends meet despite having 3 years to sort it and saying last season that the business was on an even keel and close to running at a profit. Why folk continue to blow smoke up his arse I do not know.         

You keep mentioning Burton, they signed Boyce for somewhere north of £500k and got relegated. We spent nothing and stayed up.

Our outgoings are a result of paying average players too much. KA inherited a lot of that, but even after his austerity measures we are still in the shit. The valid question people are asking is how much have we reduced expenditure by ? He has had  years to get the ship sorted, there does not seem to be much indication that he has cut costs.

Edited March 5, 20197 yr by Ani

11 minutes ago, Ani said:

You keep mentioning Burton, they signed Boyce for somewhere north of £500k and got relegated. We spent nothing and stayed up.

Our outgoings are a result of paying average players too much. KA inherited a lot of that, but even after his austerity measures we are still in the shit. The valid question people are asking is how much have we reduced expenditure by ? He has had  years to get the ship sorted, there does not seem to be much indication that he has cut costs.

Who's fault is that then? 

I could well be wrong, but I don't think we have any players now that Ken hasn't agreed a contract with.

1 minute ago, Mr Grey said:

Who drinks that ale anyway... it fucking rank!

Seen you with a cheeky one 

39 minutes ago, Chris Custodiet said:

If you believed that, I believe you were  being unduly optimistic. Every indication  was that whilst costs were reducing they were unlikely to be reducing enough to break even or make inroads into overdue debt.

 

Why though? 

Our biggest outgoings are players wages, apart from perhaps Ben Amos every other player contract will have been signed by Ken himself. If we are still spending more than we have coming in then it’s down to the playing contracts that have been dished out during his three years here 

I was of the understanding that he was looking to balance the books, he certainly seems to have taken many a swipe at the playing contracts he inherited. 

Ive just had a look and Burton Albion have realeased their accounts for last season and they managed to take us to the wire with a Turnover of £12m whilst staying in reasonable financial shape.

If our turnover is circa £20m in the championship and our non playing staff related operating costs are circa £10m then we should still be able to get a squad together on roughly the same budget as Burton. It’s not like anyone is saying live within our means with a team of players earning £250 a week 

If Ken’s overspending was delivering mid table obscurity then I’d sort of get it, but it isn’t, we are completely atrocious 

Edit - Barnsley’s accounts for last season are also out, turnover £14m, outgoings roughly the same 

Edited March 5, 20197 yr by birch-chorley

7 million of our turnover is from the hotel?

it costs 7 million to run it, give or take

 

so, i think we need to disregard 7 million of the turnover

14 minutes ago, Tonge moor green jacket said:

I could well be wrong, but I don't think we have any players now that Ken hasn't agreed a contract with.

Ben Amos?

6 minutes ago, Casino said:

7 million of our turnover is from the hotel?

it costs 7 million to run it, give or take

 

so, i think we need to disregard 7 million of the turnover

If we remove the 7 million from our turnover that's 13 million, turnover just 1 million more than Burton,  cannot be right. Even if it was Burton turned a profit, perhaps we should ask the Burton owner to do some consultancy for us.  It would be cheaper than employing Aldridge, who by the way seems to have done fuck all, be interesting to know what hes took out in salary. 

Edited March 5, 20197 yr by Mounts Kipper

15 minutes ago, Casino said:

7 million of our turnover is from the hotel?

it costs 7 million to run it, give or take

 

so, i think we need to disregard 7 million of the turnover

Aye 

Fair point

Excluding the Hotel we turned over £8.3m in League 1, Championship is supposedly worth an extra £5m, call it £13m 

overheads without including the hotel look to be around the £7m mark which would leave a playing budget of £6m if your looking to ‘live within your means’ 

Not sure how the Fock it stacks up in League 1 with £5m less TV coming in 

 

Edited March 5, 20197 yr by birch-chorley

Heathcotes pulling out doesn't surprise; got a bit of a Northern Rock feel to this now... Folk will start to panic, then we're goosed

5 minutes ago, Dr Faustus said:

Heathcotes pulling out doesn't surprise; got a bit of a Northern Rock feel to this now... Folk will start to panic, then we're goosed

We just need new sponsors

Eversheds

Begbies

RBS 

or similar would be decent fits

 

 

1 hour ago, Mounts Kipper said:

Who's fault is that then? 

Which bit ?