Posts: 2,885
Threads: 106
Joined: Jan 2019
Reputation:
5
Not looking good for them.
How can a club with a long and rich history be allowed to fold.
Football has well and truly lost the plot. Sad.
Clarnet v2.0
Posts: 13,670
Threads: 614
Joined: Jan 2019
Reputation:
27
For me the question is just how we’re they allowed to rack up over £150m of debt without anyone seemingly caring.
Posts: 2,343
Threads: 137
Joined: Jan 2019
Reputation:
5
Football should be properly regulated against charlatan owners. The supporters suffer, not the pirates who get their hands on th clubs. After all, the supporters are the clubs, not the owners. They should be custodians only.
Probably time to bring in, by law if need be, 30% supporters ownership in every club. Season tickets should automatically buy one a vote on the Board.
Posts: 745
Threads: 6
Joined: Feb 2019
Reputation:
0
dont think they have ever recovered from the allardyce era.
lived way beyond their means for many a year.
would love to see some rules in place to allow fans a decent share of a club to stop this happening.
Posts: 786
Threads: 10
Joined: Jan 2019
Reputation:
0
Bolton took a massive gamble when they were in the Premier League - they realised that relegation would effectively bankrupt them and chose to gamble by spending more to "ensure" they wouldn't be relegated. From the point they went down they were doomed, I'm only surprised they've managed to keep going for so long before reaching this point.
Of course the fans loved it in the premier league and were only too happy to see them living beyond their means - a lesson to those preaching the "speculate to accumulate"* approach?
More appropriately known as the "speculate to either accumulate or go bust" approach.
Posts: 459
Threads: 13
Joined: Jan 2019
Reputation:
0
I think a lot of this goes back to Phil Gartside's time at the helm. No wonder he seriously floated the idea of the Prem becoming a closed shop when Bolton were in it and do away with relegation and promotion. He knew what was coming.
Posts: 9,949
Threads: 393
Joined: Jan 2019
Reputation:
31
If there was proof needed of the dingles being evolutionary underdeveloped then you only have to look at the glee some are taking in the potential winding up of Bolton, simply because they have Wanderers in their name...….
Posts: 1,315
Threads: 15
Joined: Jan 2019
Reputation:
12
08-26-2019, 11:05 AM
(This post was last modified: 08-26-2019, 11:07 AM by fuzzbox.)
I agree with fan boardroom participation, but I'm not sure how it would help curb financial excesses. You've only got to look at fan demands on this board and every other to realise a lot of fans would happily spend money for short term success.
Maybe looser regulation could even help? After all, why would a rich benefactor take over Bolton knowing they are not allowed to invest as much money as they want to right the ship?
You only have to look at Villa. Their new owners made it clear they wouldn't buy the club unless they were allowed to 'break' the rules and and 'over-invest' to increase their chances of success and see a profit.