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Bolton


East Kent Saint
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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.

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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.

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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.

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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.

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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.

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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.

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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.

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