Club Future - Administration or bust?

Sluffy wrote:I'm going off at a tangent slightly but today Wolves published their accounts for last season when they got promoted to the Premier (and the Sky money) which showed a loss of £57 million (or in simple terns £1 million per week!).

The year before that they lost £23 million (or half a million per week).

The reason I post this comes back to my point as to what could the reason be for anyone wanting to buy us?

If it is to get to the Premier, then some serious money needs to be spent doing it - and even then it isn't guaranteed to happen.

I just can't get my head around why anyone wants to buy us as a football club - unless they have millions to piss away?

Either that or as some sort of property type developer?

Anyway link to Wolves accounts -

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Looking at the losses, you could say that about any football club. Why do people want to invest in Wigan? Bury or Oldham? They have traditionally less crowds than Bolton.

The game itself is run on massive debt. Not one of those clubs coming down from the premiership could survive after 3 years if they don't go straight back up.

Looking at the spatial framework, there's going to be more houses in Bolton, Bury and Wigan so where are they going to watch football?

Old Trafford or City of Manchester stadium, perhaps? But you're going further and further back to the point where you're better staying at home watching it o. TV.  It's £40 quid to get into Old Trafford I believe, so it's more expensive than coming to Bolton. The TV subscriptions are going up all the time. This could make Bolton very attractive.

Population wise Greater Manchester has 2.756 million people living in it and really only two big teams within it. Compare that with West Midlands 4 big teams, and inner London 4 big teams and the aim of QPR being number 5.

On those figures alone there is potential in Greater Manchester for at least one more big team, if someone can get it right.

So why does someone want to invest in BWFC?, because there's massive potential if you run the club right.

Nigelbwfc wrote:

Sluffy wrote:I'm going off at a tangent slightly but today Wolves published their accounts for last season when they got promoted to the Premier (and the Sky money) which showed a loss of £57 million (or in simple terns £1 million per week!).

The year before that they lost £23 million (or half a million per week).

The reason I post this comes back to my point as to what could the reason be for anyone wanting to buy us?

If it is to get to the Premier, then some serious money needs to be spent doing it - and even then it isn't guaranteed to happen.

I just can't get my head around why anyone wants to buy us as a football club - unless they have millions to piss away?

Either that or as some sort of property type developer?

Anyway link to Wolves accounts -

[You must be registered and logged in to see this link.]

Looking at the losses, you could say that about any football club. Why do people want to invest in Wigan? Bury or Oldham? They have traditionally less crowds than Bolton.

The game itself is run on massive debt. Not one of those clubs coming down from the premiership could survive after 3 years if they don't go straight back up.

Looking at the spatial framework, there's going to be more houses in Bolton, Bury and Wigan so where are they going to watch football?

Old Trafford or City of Manchester stadium, perhaps? But you're going further and further back to the point where you're better staying at home watching it o. TV.  It's £40 quid to get into Old Trafford I believe, so it's more expensive than coming to Bolton. The TV subscriptions are going up all the time. This could make Bolton very attractive.

Population wise Greater Manchester has 2.756 million people living in it and really only two big teams within it. Compare that with West Midlands 4 big teams, and inner London 4 big teams and the aim of QPR being number 5.

On those figures alone there is potential in Greater Manchester for at least one more big team, if someone can get it right.

So why does someone want to invest in BWFC?, because there's massive potential if you run the club right.

If that was the case where have all these potential investors been for the last seven or eight years been since Eddie was trying sell the club, long before he pulled the plug on it?

How come only Holdsworth and Disley were the only buyers for the club for a pound?

Why isn't Anderson beating off all these potential investors out there off with a stick.

Why didn't all these alleged buyers who could deal with Anderson and walked away simply not pay him what he wanted if there's so much to be made out of running the club right?

Unless they have loads of money to risk pissing it away if they don't succeed then I can't see the benefit to buy a club and run it at a loss on the off chance they get lucky and promoted to the Premier some how.

Clearly there was/is silly money behind Wolves and that is the level that clubs need to be if they want to get promoted from the Championship.

Maybe this Kenyon interest is our golden ticket but it seems more likely that it's just a ploy to get Ashley and Newcastle to play ball with them.

Hope I'm wrong though.

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This is an interesting read.

Sluffy wrote:

Nigelbwfc wrote:

Sluffy wrote:I'm going off at a tangent slightly but today Wolves published their accounts for last season when they got promoted to the Premier (and the Sky money) which showed a loss of £57 million (or in simple terns £1 million per week!).

The year before that they lost £23 million (or half a million per week).

The reason I post this comes back to my point as to what could the reason be for anyone wanting to buy us?

If it is to get to the Premier, then some serious money needs to be spent doing it - and even then it isn't guaranteed to happen.

I just can't get my head around why anyone wants to buy us as a football club - unless they have millions to piss away?

Either that or as some sort of property type developer?

Anyway link to Wolves accounts -

[You must be registered and logged in to see this link.]

Looking at the losses, you could say that about any football club. Why do people want to invest in Wigan? Bury or Oldham? They have traditionally less crowds than Bolton.

The game itself is run on massive debt. Not one of those clubs coming down from the premiership could survive after 3 years if they don't go straight back up.

Looking at the spatial framework, there's going to be more houses in Bolton, Bury and Wigan so where are they going to watch football?

Old Trafford or City of Manchester stadium, perhaps? But you're going further and further back to the point where you're better staying at home watching it o. TV.  It's £40 quid to get into Old Trafford I believe, so it's more expensive than coming to Bolton. The TV subscriptions are going up all the time. This could make Bolton very attractive.

Population wise Greater Manchester has 2.756 million people living in it and really only two big teams within it. Compare that with West Midlands 4 big teams, and inner London 4 big teams and the aim of QPR being number 5.

On those figures alone there is potential in Greater Manchester for at least one more big team, if someone can get it right.

So why does someone want to invest in BWFC?, because there's massive potential if you run the club right.

If that was the case where have all these potential investors been for the last seven or eight years been since Eddie was trying sell the club, long before he pulled the plug on it?

How come only Holdsworth and Disley were the only buyers for the club for a pound?

Why isn't Anderson beating off all these potential investors out there off with a stick.

Why didn't all these alleged buyers who could deal with Anderson and walked away simply not pay him what he wanted if there's so much to be made out of running the club right?

Unless they have loads of money to risk pissing it away if they don't succeed then I can't see the benefit to buy a club and run it at a loss on the off chance they get lucky and promoted to the Premier some how.

Clearly there was/is silly money behind Wolves and that is the level that clubs need to be if they want to get promoted from the Championship.

Maybe this Kenyon interest is our golden ticket but it seems more likely that it's just a ploy to get Ashley and Newcastle to play ball with them.

Hope I'm wrong though.

Surely the reason why the investors aren't banging the down was, firstly the £176 million debt,  and the £30 million debt with huge cashflow problems ( greater than the debt problems really)

The increase in housing is only just happening, but the potential is there if someone gets it right, otherwise, why invest in Wigan and why bother with Bury? You've not answered about those clubs.

No, I didn't say it was easy, but I will take an optimistic view right now as it's important for all supporters to be positive about the football club right now. There's plenty of people who can knock it, who support other teams.

The potential can only be brought out with a good business plan and help from the council. The town is dieing as well. The council really can't afford to lose the football club.

It’s not possible to make money in the Chamoionship and challenge. Any owner is only interested in breaking into the Premier League, which is increasingly competitive - hence why nobody wants to buy us.

Nigelbwfc wrote:

Sluffy wrote:

Nigelbwfc wrote:Looking at the losses, you could say that about any football club. Why do people want to invest in Wigan? Bury or Oldham? They have traditionally less crowds than Bolton.

The game itself is run on massive debt. Not one of those clubs coming down from the premiership could survive after 3 years if they don't go straight back up.

Looking at the spatial framework, there's going to be more houses in Bolton, Bury and Wigan so where are they going to watch football?

Old Trafford or City of Manchester stadium, perhaps? But you're going further and further back to the point where you're better staying at home watching it o. TV.  It's £40 quid to get into Old Trafford I believe, so it's more expensive than coming to Bolton. The TV subscriptions are going up all the time. This could make Bolton very attractive.

Population wise Greater Manchester has 2.756 million people living in it and really only two big teams within it. Compare that with West Midlands 4 big teams, and inner London 4 big teams and the aim of QPR being number 5.

On those figures alone there is potential in Greater Manchester for at least one more big team, if someone can get it right.

So why does someone want to invest in BWFC?, because there's massive potential if you run the club right.

If that was the case where have all these potential investors been for the last seven or eight years been since Eddie was trying sell the club, long before he pulled the plug on it?

How come only Holdsworth and Disley were the only buyers for the club for a pound?

Why isn't Anderson beating off all these potential investors out there off with a stick.

Why didn't all these alleged buyers who could deal with Anderson and walked away simply not pay him what he wanted if there's so much to be made out of running the club right?

Unless they have loads of money to risk pissing it away if they don't succeed then I can't see the benefit to buy a club and run it at a loss on the off chance they get lucky and promoted to the Premier some how.

Clearly there was/is silly money behind Wolves and that is the level that clubs need to be if they want to get promoted from the Championship.

Maybe this Kenyon interest is our golden ticket but it seems more likely that it's just a ploy to get Ashley and Newcastle to play ball with them.

Hope I'm wrong though.

Surely the reason why the investors aren't banging the down was, firstly the £176 million debt,  and the £30 million debt with huge cashflow problems ( greater than the debt problems really)

The increase in housing is only just happening, but the potential is there if someone gets it right, otherwise, why invest in Wigan and why bother with Bury? You've not answered about those clubs.

No, I didn't say it was easy, but I will take an optimistic view right now as it's important for all supporters to be positive about the football club right now. There's plenty of people who can knock it, who support other teams.

The potential can only be brought out with a good business plan and help from the council. The town is dieing as well. The council really can't afford to lose the football club.

Bury and Wigan had a fraction of our debt (and more killingly, our running costs for the last three years thanks to the stupid wages and contract lengths of players left - thanks to Gartside) - and thus were vastly more desirable and saleable in the last three years.

I can't imagine any normal sort of businessman seeing guaranteed short term profit for their investment BUT someone who has money to burn of the likes that Kenyon rubs shoulders with might see us as a punt worth taking.

Fingers crossed anyway.

Sluffy wrote:

Nigelbwfc wrote:

Sluffy wrote:

Nigelbwfc wrote:Looking at the losses, you could say that about any football club. Why do people want to invest in Wigan? Bury or Oldham? They have traditionally less crowds than Bolton.

The game itself is run on massive debt. Not one of those clubs coming down from the premiership could survive after 3 years if they don't go straight back up.

Looking at the spatial framework, there's going to be more houses in Bolton, Bury and Wigan so where are they going to watch football?

Old Trafford or City of Manchester stadium, perhaps? But you're going further and further back to the point where you're better staying at home watching it o. TV.  It's £40 quid to get into Old Trafford I believe, so it's more expensive than coming to Bolton. The TV subscriptions are going up all the time. This could make Bolton very attractive.

Population wise Greater Manchester has 2.756 million people living in it and really only two big teams within it. Compare that with West Midlands 4 big teams, and inner London 4 big teams and the aim of QPR being number 5.

On those figures alone there is potential in Greater Manchester for at least one more big team, if someone can get it right.

So why does someone want to invest in BWFC?, because there's massive potential if you run the club right.

If that was the case where have all these potential investors been for the last seven or eight years been since Eddie was trying sell the club, long before he pulled the plug on it?

How come only Holdsworth and Disley were the only buyers for the club for a pound?

Why isn't Anderson beating off all these potential investors out there off with a stick.

Why didn't all these alleged buyers who could deal with Anderson and walked away simply not pay him what he wanted if there's so much to be made out of running the club right?

Unless they have loads of money to risk pissing it away if they don't succeed then I can't see the benefit to buy a club and run it at a loss on the off chance they get lucky and promoted to the Premier some how.

Clearly there was/is silly money behind Wolves and that is the level that clubs need to be if they want to get promoted from the Championship.

Maybe this Kenyon interest is our golden ticket but it seems more likely that it's just a ploy to get Ashley and Newcastle to play ball with them.

Hope I'm wrong though.

Surely the reason why the investors aren't banging the down was, firstly the £176 million debt,  and the £30 million debt with huge cashflow problems ( greater than the debt problems really)

The increase in housing is only just happening, but the potential is there if someone gets it right, otherwise, why invest in Wigan and why bother with Bury? You've not answered about those clubs.

No, I didn't say it was easy, but I will take an optimistic view right now as it's important for all supporters to be positive about the football club right now. There's plenty of people who can knock it, who support other teams.

The potential can only be brought out with a good business plan and help from the council. The town is dieing as well. The council really can't afford to lose the football club.

Bury and Wigan had a fraction of our debt (and more killingly, our running costs for the last three years thanks to the stupid wages and contract lengths of players left - thanks to Gartside) - and thus were vastly more desirable and saleable in the last three years.

I can't imagine any normal sort of businessman seeing guaranteed short term profit for their investment BUT someone who has money to burn of the likes that Kenyon rubs shoulders with might see us as a punt worth taking.

Fingers crossed anyway.

Had a fraction of our debt, but less punters coming in and Bury didn't have premiership millions, andand w given £10,000 by Gartside to keep it going when it was struggling. Can't see Bury helping us out. 

We were given the 'llie' hat ED would pay it all off and that didn't happen. ED tried to sell the club with £176 million worth of debt instead of wiping the debt then selling it.

As I say I think there is a certain amount of potential but it'll take someone with a few brains.

Why did Wolves get such a big investment then?

Big club with a good fan base?

Hipster_Nebula wrote:Big club with a good fan base?

I think Aston Villa is the only big club between Manchester and London.

Wolves, Birmingham, WBA, Forest, Leicester, Stoke, Derby - for me these are all medium sized clubs.

Aside from Blues, all those clubs have bigger fan bases than us.

Which is a revenue stream we don't have... Thus why no one wants to buy us. Don't know why people can't admit that.

So I'm reading this morning that there are potentially 3 new owners all competing to buy us.
Bullshit I presume, but maybe the winner should be the one that pays Heathcotes, the cops, the players and the staff before this afternoon's deadline?

Glad you lot are not trying to sell the club, and hope potential buyers don't drop in to read how the fans see it panning out, enough bad news out there without all this negative shite added on.

Ignore Hipster Wessy, he doesn't really support BWFC anyway.

wessy wrote:Glad you lot are not trying to sell the club, and hope potential buyers don't drop in to read how the fans see it panning out, enough bad news out there without all this negative shite added on.

You've always been optimistic Wessy including writing how the club was improving under Anderson, but we can't change the financial mess he get us into now and if it turns out to be the case that Anderson was the barrier to selling the club, then perhaps potential buyers reading that the fans want rid of him, perhaps that could be a good thing.
As for HN's diatribe about us being a small club that nobody wants to buy I'd just take that with a pinch of salt because he knows as well as anyone that money changes everything in this game and if the club has good players and is getting results, our catchment area suddenly gets substantially bigger as shown by the number of Manure fans in London and PSG who were only formed in 1970.

Hipster, under his old alias, was a Bolton "fan" from Coventry.

He's reinvented himself as a Scottish Tory who hates Bolton.

Just think it's too serious a situation to be second guessing and in some cases flippant

wanderlust wrote:Why did Wolves get such a big investment then?

I assume they saw potential in the area, with extra housing and Wolves having been a big club in the past.

I'd rather talk about the positives right now, rather than what's wrong. Leave that for when the club has been taken over.