Accounting Geniuses

Breadman wrote:

wanderlust wrote:

Breadman wrote:I think the salient point to be taken from that piece is that ED doesn't own Bolton.

He's just a front.

And all this talk of how he's invested his own kekkle (Bolton spelling) money is clearly bollocks.

So I'm taking it as one on the eye for the prick I've been arguing with on the BN forum for weeks who thinks that we should be erecting a bronze statue to the man and renaming Bolton Daviestown for the way he's happy to write off "£180 million of his own money" and thus safeguard the club's future.

So I feel vindicated.

And ace.

Yeah but...

If it's not his money, how can he say he's writing the loan off?

Would it work if I say I'm writing off the HMRC bill?

You know my position on this already.

There is no £180 million debt - it's a made up figure that they've come up with through amortisation and writing money off against god only knows what.

Breadman wrote:

wanderlust wrote:

Breadman wrote:I think the salient point to be taken from that piece is that ED doesn't own Bolton.

He's just a front.

And all this talk of how he's invested his own kekkle (Bolton spelling) money is clearly bollocks.

So I'm taking it as one on the eye for the prick I've been arguing with on the BN forum for weeks who thinks that we should be erecting a bronze statue to the man and renaming Bolton Daviestown for the way he's happy to write off "£180 million of his own money" and thus safeguard the club's future.

So I feel vindicated.

And ace.

Yeah but...

If it's not his money, how can he say he's writing the loan off?

Would it work if I say I'm writing off the HMRC bill?

You know my position on this already.

There is no £180 million debt - it's a made up figure that they've come up with through amortisation and writing money off against god only knows what.

(I can hear Rammy slamming his head into his desk at this point.)

I'm not saying Moonshift haven't put anything into the club but I do think they've had it back in spades (during the Sky TV years) and now that they're squarely responsible for funding the day to day running of the club, the wheels have come off.

Whoever's in charge of the South American drug cartel behind Davies has said "Oi, Gringo! No mas dinero!"

So the club's up for sale.

Because those Colombians don't mess about.

Has anybody seen Gartside recently....?

Nah, thought not.

He's in a shallow grave somewhere just outside Medellin because he "displeased" the Big men.