Bolton - HMRC winding up hearing adjourned until April 3rd

Discussion in 'General football forum' started by Southern, 4 Mar 2019.

  1. Southern

    Southern

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  2. worsleyweb

    worsleyweb

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    My daughter plays for them. Paid nearly 700 quid for a trip for her and to no suprise whatsoever it doesn’t look like it is happening.

    The owner needs to sell.
     
  3. aguero93:20

    aguero93:20

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    They should have closed the stadium instead, they've at least got a chance of winning a match in training.
     
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  4. malg

    malg

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    Shame. Quite liked Bolton. They hate the Rags.
     
  5. TCIB

    TCIB

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    I remember in the early 2k's their owner Phil somethingorother was being held up as a model owner. They were doing alright and had managed to get some top players in even if they were coming to the end of their career. I was sure they were living beyond their means and it has all come back to haunt them i think from that time.
     
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  6. prestonibbo_mcfc

    prestonibbo_mcfc

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    Gartside.
     
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  7. SpiritofBurnden

    SpiritofBurnden

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    Phil Gartside wasn't the owner, Eddie Davies was.

    We weren't living beyond our means back then because he was funding it.

    The problems started with relegation from the Premier League and the failure to win promotion before the parachute payments ran out.

    We have one of the lowest levels of debt in the Championship now, which tells you what sort of state some of the other clubs down there are in.
     
    Gaudion M likes this.
  8. Trojan1962

    Trojan1962

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    Hope they get a new owner soon. Clubs whose fans detest the rags are ok by me ( apart from Liverpool and Leeds) :)
     
    Eccles Blue likes this.
  9. Mayor West

    Mayor West

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    Ok I'm not that clued up on finances but isn't that the definition of living beyond your means? If the owner was funding it and not the club being self sustainable, that is living beyond your means, no?
     
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  10. SpiritofBurnden

    SpiritofBurnden

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    He gave us the money.

    If he'd loaned us the money, we would have been living beyond our means because we wouldn't have the means to pay off the debt.
     
    Franny's toilet roll likes this.

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