April 12, 20233 yr Note 23 is quite interesting During the year the Club made an interest free loan of £100k to someone who is both an employee and a shareholder Wonder who that could be ?
April 12, 20233 yr Author 1 minute ago, Benny The Ball said: Note 23 is quite interesting During the year the Club made an interest free loan of £100k to someone who is both an employee and a shareholder Wonder who that could be ? Betting account settled!! 🤣
April 12, 20233 yr 4 minutes ago, Benny The Ball said: Note 23 is quite interesting During the year the Club made an interest free loan of £100k to someone who is both an employee and a shareholder Wonder who that could be ? Either Evatt or the SNP?
April 12, 20233 yr Overall, not sure what that all means. The one thing KM picks out, that if true, seems unsustainable, is the 95p from every pound earned going on wages.
April 12, 20233 yr Author Just now, Tonge moor green jacket said: Overall, not sure what that all means. The one thing KM picks out, that if true, seems unsustainable, is the 95p from every pound earned going on wages. I’d expect that’ll decrease as our income is still increasing and wasn’t part of that financial year still covid lockdown.
April 12, 20233 yr 1 minute ago, Mounts Kipper said: I’d expect that’ll decrease as our income is still increasing and wasn’t part of that financial year still covid lockdown. Hope so. Given our burgeoning crowds, success at wembley, and battle for the play offs, there isn't much scope for massively incresing our income, unless we win a major trophy! Price rises maybe, but that is risky.
April 12, 20233 yr Author 9 minutes ago, Tonge moor green jacket said: Hope so. Given our burgeoning crowds, success at wembley, and battle for the play offs, there isn't much scope for massively incresing our income, unless we win a major trophy! Price rises maybe, but that is risky. Buying cheap and improving players then selling on was always part of the plan, the squad has quite a few we could trade to reduce losses. Anyhow Hart said the club now on sound financial footing and he should know.
April 12, 20233 yr 31 minutes ago, Mounts Kipper said: Anyhow Hart said the club now on sound financial footing and he should know. Leap of faith there, mate 😉
April 12, 20233 yr 49 minutes ago, Tonge moor green jacket said: Overall, not sure what that all means. The one thing KM picks out, that if true, seems unsustainable, is the 95p from every pound earned going on wages. 95 percent seems a lot when you think we’re supposedly no we’re near the top budget in the division.
April 12, 20233 yr 1 minute ago, Farnywhite said: 95 percent seems a lot when you think we’re supposedly no we’re near the top budget in the division. Shows you how mad football is
April 12, 20233 yr Had a quick read through it and it says they sold land at the academy to pay back a loan to warburtons that’s now been settled in full it doesn’t say the amount . So looks like part of the losses are due to clearing some loans of as well
April 12, 20233 yr 7 minutes ago, Big E said: Shows you how mad football is Could be worse read the other day wigans were 105 percent of turn over
April 12, 20233 yr the 100k staff loan was to pay the doorman off for dempsey police took it further though Edited April 12, 20233 yr by L/H White
April 12, 20233 yr https://www.theboltonnews.co.uk/sport/23449842.bolton-wanderers-release-financial-accounts-year-ending-june-2022/
April 12, 20233 yr The £95 per £100 is a bit of a red herring (and undoubtedly a bit of clickbait on Maguire’s behalf) as the figures he’s used are only for the football side so don’t actually include the income from F&B, Hotel etc so the overall wage percentage is lower.
April 12, 20233 yr Hopefully as we recover from covid and the funds from bigger crowds, Wembley kick in, we'll reduce that wage to turnover ratio significantly. One huge spoke in the wheel of buying low and selling high, is that clubs in the championship are nearly all financial basket cases. Barely any are in a position now to splash cash on L1 players.
April 12, 20233 yr 10 minutes ago, Duck Egg said: Hopefully as we recover from covid and the funds from bigger crowds, Wembley kick in, we'll reduce that wage to turnover ratio significantly. One huge spoke in the wheel of buying low and selling high, is that clubs in the championship are nearly all financial basket cases. Barely any are in a position now to splash cash on L1 players. Next year's UEFA campaign, as a result of winning the PJT, will help too.
April 12, 20233 yr 3 minutes ago, DazBob said: Next year's UEFA campaign, as a result of winning the PJT, will help too. Good point - nobody has mentioned the place in the Europa League yet and it could be a money spinner.
April 12, 20233 yr 4 minutes ago, DazBob said: Next year's UEFA campaign, as a result of winning the PJT, will help too. It depends if we get through the qualification stages, we don't go straight into the group stages sadly
April 12, 20233 yr 1 minute ago, Wanderlust said: Good point - nobody has mentioned the place in the Europa League yet and it could be a money spinner. It's the nobby Europa Conference League, just in case anybody is getting it mixed up with the more prestigious Europa League
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.