singe Posted December 31, 2013 Share Posted December 31, 2013 (edited) There debt is now £163m. Now a certain ex poster on here lauded Noblot as a shining example to us, and to the fact they speculated to accumulate and that is what we should do. Whilst some of their story is good news for them. £150m is owed to Gartside. An astounding figure and puts the TTA figure into the shade. Kinda nice to swap league places at some point in the near future! A £50m loss on a £28m turnover is abysmal. http://www.bbc.co.uk/sport/0/football/25559504 Edited December 31, 2013 by singe Quote Link to comment Share on other sites More sharing options...
johnboy Posted December 31, 2013 Share Posted December 31, 2013 little or nothing is owned to gartside.bw is owned by eddie davies,a boltonian who lives in iom.last I heard gartside, said about 20 per cent was to the banks,the rest to davies-in house.i worked and lived in Bolton for over 30yrs and recived abuse for supporting our team.bolton fans want a new owner.who the hell is going to take that debt on. Quote Link to comment Share on other sites More sharing options...
mikejh45 Posted December 31, 2013 Share Posted December 31, 2013 Vincent Tan's brother!!! Quote Link to comment Share on other sites More sharing options...
Bristolatic Posted December 31, 2013 Share Posted December 31, 2013 little or nothing is owned to gartside.bw is owned by eddie davies,a boltonian who lives in iom.last I heard gartside, said about 20 per cent was to the banks,the rest to davies-in house.i worked and lived in Bolton for over 30yrs and recived abuse for supporting our team.bolton fans want a new owner.who the hell is going to take that debt on. Marwan Koukash? Quote Link to comment Share on other sites More sharing options...
Lukers1 Posted December 31, 2013 Share Posted December 31, 2013 Id say they are pretty :censored:ed. Quote Link to comment Share on other sites More sharing options...
another fan Posted December 31, 2013 Share Posted December 31, 2013 Would it be wise to say how prudently our Club is run. I for one genuinely believed that it would cease to exist a few years ago Quote Link to comment Share on other sites More sharing options...
singe Posted December 31, 2013 Author Share Posted December 31, 2013 little or nothing is owned to gartside.bw is owned by eddie davies,a boltonian who lives in iom.last I heard gartside, said about 20 per cent was to the banks,the rest to davies-in house.i worked and lived in Bolton for over 30yrs and recived abuse for supporting our team.bolton fans want a new owner.who the hell is going to take that debt on.Sorry Johnboy, £150m to owner-as you say-not Gartside, my typo Quote Link to comment Share on other sites More sharing options...
brierleys555 Posted December 31, 2013 Share Posted December 31, 2013 3 years from now they will be in L1 Quote Link to comment Share on other sites More sharing options...
bigfatjoe1 Posted December 31, 2013 Share Posted December 31, 2013 Three years could be generous. With those losses they could go into a Portsmouth style free fall. Quote Link to comment Share on other sites More sharing options...
another fan Posted December 31, 2013 Share Posted December 31, 2013 Is there a difference between losing between losing 49,5million in a season and being another 49.5million in debt? Quote Link to comment Share on other sites More sharing options...
LaticsPete Posted January 1, 2014 Share Posted January 1, 2014 Is there a difference between losing between losing 49,5million in a season and being another 49.5million in debt? If you were in the black before then a loss wouldn't necessarily mean you had become in debt to anyone Quote Link to comment Share on other sites More sharing options...
another fan Posted January 1, 2014 Share Posted January 1, 2014 Exactly my point Quote Link to comment Share on other sites More sharing options...
jimsleftfoot Posted January 1, 2014 Share Posted January 1, 2014 (edited) It's also not so bad if you expect more income than expenditure in future, which Chelsea will do. Why does the story talk about the hardship of them being relegated when the bulk of the debt has been incurred whilst in the PL and it doesn't mention parachute payments either? Edited January 1, 2014 by jimsleftfoot Quote Link to comment Share on other sites More sharing options...
leeslover Posted January 1, 2014 Share Posted January 1, 2014 Uncle Roman has written off close to a billion in personal loans in his time. What's another 50 million? Quote Link to comment Share on other sites More sharing options...
singe Posted January 1, 2014 Author Share Posted January 1, 2014 (edited) If you were in the black before then a loss wouldn't necessarily mean you had become in debt to anyone It's also not so bad if you expect more income than expenditure in future, which Chelsea will do. Why does the story talk about the hardship of them being relegated when the bulk of the debt has been incurred whilst in the PL and it doesn't mention parachute payments either? Is there a difference between losing between losing 49,5million in a season and being another 49.5million in debt? As I read it Bolton £50m last season alone. Income was only £28m. Total debt is £163m. Its in Directors loans (ie not written off yet) Ie Debt was same as Chelsesa but of course, they are nowhere near the level of income of Chelsea It does include parachute payments. Broadcast revenue was more than halved from £42m to £19m - with that figure thought to include their £16m parachute payment. Under Fair Play rules they could make a £5m loss, it was 10x that. Edited January 1, 2014 by singe Quote Link to comment Share on other sites More sharing options...
jimsleftfoot Posted January 2, 2014 Share Posted January 2, 2014 As I read it Bolton £50m last season alone. Income was only £28m. Total debt is £163m. Its in Directors loans (ie not written off yet) Ie Debt was same as Chelsesa but of course, they are nowhere near the level of income of Chelsea It does include parachute payments. Broadcast revenue was more than halved from £42m to £19m - with that figure thought to include their £16m parachute payment. Under Fair Play rules they could make a £5m loss, it was 10x that. Fair enough re. Parachute payments, though more could have been made in the article of it I.e. despite income being reduced they are still getting a hell of a lot more than Yeovil. Quote Link to comment Share on other sites More sharing options...
Latics_est_86 Posted January 2, 2014 Share Posted January 2, 2014 Reebok away next season - lave it! Quote Link to comment Share on other sites More sharing options...
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