examples of self sustained success at english prem and league clubs.

[Fosse69]

I kind of disagree stu, putting the assets of the club in a separate company protects them from a winding up petition surely ? Plus doesn't the club own the golden share ?

Kind of, but what people worry about is Coventry City where the ground and the FC are separate companies, now miles apart. Maybe we are not in that situation, with the covenant on the ground.

[stupers]

I don't know the ins and outs legally, or whether the club owns a golden share Mark as I guess we'd have to ask Smurf how that was set up. But in the past it's been a mechanism for owners to run the club beyond its means (intentionally or accidentally). The club enters administration and the owner still has the property asset which he can retain control of and use in the future, either to charge rent to the new owners of the club or sell to the new owners or other parties to recoup the original investment.

 

This is an extremely unlikely scenario, but say Smurf decided he'd had enough today and stopped putting the money into the club. The club as he says, can't pay the payroll and other creditors and goes into administration. When Wilkes and Smurf took over they had the benefit that the club had the ground as an asset. Now it doesn't, so is it such an attractive proposition to new owners. Smurf would also be able to sell the ground for £x which he would be able to recoup much of his investment in the club from.

 

As I said, a very unlikely scenario but the one issue I am concerned about most (More than Smurf investing and whether Adams gets a new contract). Let's see how it plays out

[Paul6754]

Yea, Burton actually made a small profit last season. Only one i can think of though?

 

Didn't Burton do a "write off" on their stadium/other assett to enable them to pay no tax and hence make a small profit.

[valeparklife]

I read recently that Bolton are £160m in debt!! How is that allowed to happen? We went into admin cos we owed around £1m+!

[stupers]

I read recently that Bolton are £160m in debt!! How is that allowed to happen? We went into admin cos we owed around £1m+!

 

I believe the majority of the debt is owed to their owner, Eddie Davies. Unless he calls it in, the club has no problem. Awful lot of money to pay out so your son can play Premier League football under big Sam though

[Rampant Zebra]

We are were we are. Maybe we should have stuck with the council and some arrogant old men who were at least Vale supporters.

[bayernoatcake]

I read recently that Bolton are £160m in debt!! How is that allowed to happen? We went into admin cos we owed around £1m+!

 

They owe most of it to their owner. And from what I've read from Your owner, he wouldn't class that as debt.

[chrissy_g]

They owe most of it to their owner. And from what I've read from Your owner, he wouldn't class that as debt.

 

It's dependent on who your creditors are, i guess. However, their creditors will be taking a big loss here eventually....you'd think

[bayernoatcake]

It's dependent on who your creditors are, i guess. However, their creditors will be taking a big loss here eventually....you'd think

 

I'm pants when it comes to financial stuff so I'm probably wrong here but here goes.......the way I read it is that their owner has effectively gave them about 150m, they've spent that and it's owed directly to him. So he's the creditor. He can either ask for it back or turn into shares.

 

That may be complete bull**** but that's how I understand Bolton's situation.

[Fosse69]

I'm pants when it comes to financial stuff so I'm probably wrong here but here goes.......the way I read it is that their owner has effectively gave them about 150m, they've spent that and it's owed directly to him. So he's the creditor. He can either ask for it back or turn into shares.

 

That may be complete bull**** but that's how I understand Bolton's situation.

Peanuts compared to Chelski, now turned into shares.

[BIRCHES HEAD WHITES]

unfortunately our break even point appears to be a moving target ranging from 6500 at the first supporters club meeting to 7500 a couple of weeks later up to the new 7900 figure . a sound business model , with a realistic playing budget yes please but slashing of playing budgets will result in one thing only , BIG FISH IN A LITTLE POND AGAIN ANYONE ?

[bayernoatcake]

unfortunately our break even point appears to be a moving target ranging from 6500 at the first supporters club meeting to 7500 a couple of weeks later up to the new 7900 figure . a sound business model , with a realistic playing budget yes please but slashing of playing budgets will result in one thing only , BIG FISH IN A LITTLE POND AGAIN ANYONE ?

 

Or better to have a club than not have one?

[Fosse69]

unfortunately our break even point appears to be a moving target ranging from 6500 at the first supporters club meeting to 7500 a couple of weeks later up to the new 7900 figure . a sound business model , with a realistic playing budget yes please but slashing of playing budgets will result in one thing only , BIG FISH IN A LITTLE POND AGAIN ANYONE ?

Or the same figures all along? Paying home customers 6500, away customers 1000, non-paying children 400. 3 different answers to different questions? Does the attendance figure include absent STs like some clubs?

[rayzer]

Burton were also helped when they drew Man U in the cup, drew with them, had a replay at Old Trafford and both games being on TV.

[Robbie Earle's Perm]

We are were we are. Maybe we should have stuck with the council and some arrogant old men who were at least Vale supporters.

 

Jesus Christ!

 

I'd rather have the Icelandic's :)