I smell a rat... and its Eddie Davies.

Sluffy wrote:From someone who was at the meeting yesterday -

Motion passed to become a Ltd company, told it would not affect the shares(worthless anyway).
Purchase of Whites hotel .... didn't pay for it but took on their debts of just over £1 mill and on track to turn that round .
Loan from ED is repayable on a particular date 10 years hence, at moment we are not putting away 16 mill a year to cover the loan.
If something happened to ED it wouldn't affect the loan as it is to the company (moonshine?) Not personally to ED.
Dougie came in and talked and answered questions for 45min , in short:
too many over paid and underperforming players inherited from past manager, little he can do to move them on, no one wants to pay their wages. Looking for youngsters to start coming through next season when high paid players have moved on as they'll be out of contract. 2 players will be in on loan next week one a striker.
Asked why take Mason on loan when had our own young strikers? Said, Eaves not ready yet needs game time, Sordell - hinted(!!!) Not worth the money paid by Coyle or the high wages he is on(can't argue with that). Says that the way forward is bringing on the U18s and U21s. C Davies now fit after hamstring injuries and will play some part tomorrow either start or on bench, a strong team will be playing not a time to blood youngsters.

There were a number of quite detailed questions and answered regarding various figures and aspects on the balance sheet.
Oh and PG does not like the Bolton News .
We were told that as it was a private meeting it should not be reported on outside the room, all the above is therefore just my thoughts on what might have happened if I had attended !! Any resemblance to any living person is pure coincidence.

boltonbonce wrote:Still trying to understand football finances, and pretty much failing. 
So I dug this thread up. Always nice to look back. Still no wiser though.