Bolton

[East Kent Saint]

Should the Prem be offering assistance ? Do we want to see old clubs fail ?

[Batman]

no.

HTH

[Faz]

I recall not being knocked over in the rush to help Saints when we were in trouble. In fact some quarters were retrospectively re-writing the rules to punish us.

[badgerx16]

Why not Bury ? They are much closer to folding.

Ultimately football clubs are commercial businesses, and as such may fail financially if underfunded or mis-managed.

[Cabbage_Face]

No, didn't help the skates

[Lighthouse]

No, would encourage other clubs to gamble financially, knowing the League would bail them out. I’ve got a mate who’s a Bolton fan, beyond caring if he’s honest. They’ve been so badly run, it’s like a slapstick comedy which has run on 3 series too many.

[VectisSaint]

Why not Bury ? They are much closer to folding.

Ultimately football clubs are commercial businesses, and as such may fail financially if underfunded or mis-managed.

Bury should be allowed to fold, and their FA Cup results expunged, especially the 1900 final. Retrospective award to the beaten finalsists.

[Charlie Wayman]

It's part of life, businesses fail new businesses rise. Intervention is not the answer. Living within your means is.

[Tamesaint]

Bury should be allowed to fold, and their FA Cup results expunged, especially the 1900 final. Retrospective award to the beaten finalsists.

I agree. Still feel the hurt of that defeat.

[benjii]

If only their chairman had got his way and abolished relegation when they were in the PL...

[Saint_clark]

FA should have a system in place whereby a club who goes out of existence has it's ground, facilities etc all paid for and gifted to the season ticket holders of the previous club as shareholders of a new phoenix club.
Or call me an idealist.

[sydney_saint]

I agree. Still feel the hurt of that defeat.

****ing hell I had only recently found acceptance and closure and now this bit of hope opens up that wound again.

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[Lighthouse]

FA should have a system in place whereby a club who goes out of existence has it's ground, facilities etc all paid for and gifted to the season ticket holders of the previous club as shareholders of a new phoenix club.
Or call me an idealist.

Would only work if the club concern actually owned those facilities when they went bust. I don’t know if that’s the case with Bolton but if they do own their ground it would be sold off and the proceeds used to pay off whatever mortgage their is, with the remaining money going towards creditors.

Generally when stuff like this happens the levels of debt are higher than the combined value of the assets, so there is nothing left to ‘gift’ to the fans.

[Roo1976]

I agree. Still feel the hurt of that defeat.

so your 119 ? those telegrams must be pilling up by now..............good on ya.

[Saint86]

Should the Prem be offering assistance ? Do we want to see old clubs fail ?

No. Bolton tried to make the prem a closed shop with no relegation.

And we got no help from the wider football community when we went under, and with far less debt that Bolton.

[Stud mark of doom]

Not followed this but surely as a minimum they’ll reform a few leagues down. There may even be a stadium available in Bolton they can play in.

In reality, from Aldershot to Wimbledon, football clubs are much more robust than the narrow legal entity.

[badgerx16]

Would only work if the club concern actually owned those facilities when they went bust. I don’t know if that’s the case with Bolton but if they do own their ground it would be sold off and the proceeds used to pay off whatever mortgage their is, with the remaining money going towards creditors.

Generally when stuff like this happens the levels of debt are higher than the combined value of the assets, so there is nothing left to ‘gift’ to the fans.

AFAIK the University of Bolton Stadium is owned by Bolton Wanderers.

[JRM]

Not followed this but surely as a minimum they’ll reform a few leagues down. There may even be a stadium available in Bolton they can play in.

In reality, from Aldershot to Wimbledon, football clubs are much more robust than the narrow legal entity.

Plenty of examples of clubs who have done that, Aldershot, Maidstone, Hereford.

[Faz]

AFAIK the University of Bolton Stadium is owned by Bolton Wanderers.

It is, but the administrator has it valued at £10m, and there is an outstanding mortgage of over £10.5m. There are unsecured non-football debts of c£5.5m - just reading the list there are loads of small local businesses which will be screwed.

[badgerx16]

.....there are loads of small local businesses which will be screwed.

As always, and I suspect they haven't got a selection of chairs from Nelson's flagship that somebody might retrieve in lieu of a debt.