Jump to content
talkfootball365
  • Welcome to talkfootball365!

    The better place to talk football.

Bolton Wanderers - Takeover Completed


football forum

Recommended Posts

  • Administrator

This really is shit for Bolton :/ 

https://www.bbc.co.uk/sport/football/48067603

Quote

 

Bolton Wanderers players have said they will not play their final two Championship fixtures of the season unless they receive their unpaid wages.

Players have still not been paid their March salaries, with April's wages due to be paid on Tuesday, 30 April.

The squad said in a statement that the situation is "creating mental, emotional and financial burdens for people through no fault of their own".

They added that it was "placing great strain on ourselves and our families".

The players have also apologised to supporters for what "may be seen as drastic action" but stressed the decision has "not been taken lightly" and that they have taken the stance "with deep regret".

BBC Radio Manchester has contacted Bolton for comment, while a scheduled pre-match press conference with manager Phil Parkinson was postponed on Friday with no reason given by the club.

Earlier this month, Bolton's players refused to train for 48 hours on behalf of staff after March wages went unpaid. Full-time non-playing staff eventually received their March wages after a delay.

The Professional Footballers' Association has also stepped in to help pay wages at the club earlier this season.

Bolton defender Andrew Taylor, who is also the club's PFA representative, told BBC Radio 5 Live on 12 April that Bolton's off-field issues were affecting players' personal lives and he claimed some players had paid for scholars to get to training as they were unable to afford train tickets.

Parkinson later said that chief scout Tim Breacker could not afford to travel to watch games as he has not been paid for three months.

Last week, former Watford owner Laurence Bassini claimed he had saved Wanderers "at the 11th hour" and prevented them from going into administration after he agreed a deal to buy the club from Ken Anderson.

The takeover, which remains subject to English Football League approval, was confirmed by the club on 17 April, two days before their defeat by Aston Villa confirmed Bolton's relegation to League One.

Bolton play Brentford at home on Saturday (15:00 BST) and then face Nottingham Forest away on 5 May (12:30 BST).

Bolton players' statement in full

"The long-running financial crisis at our club has been well-documented. As has the fact that we, the playing staff, have yet to receive our March salaries. Five of our coaching staff are also yet to be paid for March.

"We have endeavoured to continue our training and playing commitments during this extremely difficult time, with seemingly no resolution in sight.

"We thought that the prospective takeover of the club would provide a solution, but difficulties in its completion have left us no further forward.

"This situation is creating mounting mental, emotional and financial burdens for people through no fault of their own. The mental pressure has affected some people to the extent that they feel they are unable to perform their jobs sufficiently.

"These are unprecedented circumstances and are affecting every aspect of our lives, placing great strain on ourselves and our families.

"During this time we have remained patient in hope of some explanation but information from the club has been extremely limited and very confusing. What we have been told changes constantly.

"With deep regret, we have decided not to fulfil our remaining fixtures unless we are paid. We understand that this will disappoint our fans and for this we sincerely apologise.

"We realise this may be seen as drastic action but we feel we have no other options left. This decision has not been taken lightly and is not a reaction to this one particular incident.

"We have suffered numerous issues this season, and recent seasons, brought on by the mismanagement of this club. We have been operating in a near untenable environment for some time and it is the accumulation of these issues that have resulted in our decision."

 

 

Link to comment
Share on other sites

  • Replies 137
  • Created
  • Last Reply
12 hours ago, Gunnersauraus said:

Out of interest @StefBWFC who would you support of Bolton do go out of business? Hope it doesn't happen mate

Nobody.

I don't think I'd watch football tbh; how often do you see me post on non-BWFC threads? Truth is, I don't get much enjoyment out of a game where I'm not emotionally invested in it. 

The game today is off, this is genuinely looking like the beginning of the end. Convinced Anderson is liquidating the club out of spite. Dark, dark days.

Link to comment
Share on other sites

  • Subscriber

1329929617_DONTDELETE.thumb.png.baf36909d6dbd9d756b7eb59af1737f0.png

Bolton Wanderers: EFL says club must fulfil fixtures after Brentford game postponed

Bolton Wanderers have been told that they must complete their two remaining Championship fixtures this season by the English Football League Board.

The EFL called off Saturday's match with Brentford after Bolton's players said they would not play until they received outstanding wages.

Bolton have been told to rearrange that game "at the earliest opportunity".

An EFL statement said the "ownership difficulties" at the relegated club "remain a significant concern".

Former Watford owner Laurence Bassini has agreed a deal to take over the club from Ken Anderson, which remains subject to EFL approval.

When it was announced on 17 April, Bolton said "significant funds" would be made available to pay outstanding wages and a number of long-term creditors.

However, a club statement on Saturday said Anderson is receiving "independent advice from his professional advisors" regarding the takeover, with claims that Bassini had promised to "arrange payment for players and coaching staff" and had "failed to make the funds available".

Before the Brentford postponement, Bassini told Sky Sports News that he would pay the players and had transferred £1m to settle the bill so that the game could go ahead, but he "did not have control" to pay them and he was still awaiting a share certificate from Anderson.

The EFL statement added: "We will look to work with both parties over the next week to bring all outstanding matters to a speedy conclusion.

"It should be recognised that the resolution is not in our hands but we will assist where possible, with the long-term interests of Bolton Wanderers and its supporters our priority."

Wanderers' players and members of the coaching staff are still awaiting wage payments for March and this month's salaries are due on Tuesday.

On Friday, the first-team squad issued a joint statement saying the financial situation was "creating mental, emotional and financial burdens for people through no fault of their own".

They added that it was "placing great strain on ourselves and our families".

The players also apologised to supporters for what "may be seen as drastic action" but stressed the decision had "not been taken lightly" and that they had taken the stance "with deep regret".

In their statement on Saturday morning, the EFL said it was "satisfied that a team can be selected from the players they have registered and available to them" for their remaining two league fixtures, even if first-team players do not make themselves available for selection.

The EFL would have forced Bolton to play Saturday's fixture had their under-18 team not been involved in a match on Thursday, bringing concerns about "potential player welfare issues".

The EFL statement read: "This same issue will not reoccur as the club is able to plan the players' preparation and recovery time accordingly."

Bolton, whose final game of the season is away at Nottingham Forest on Sunday, 5 May, have been charged with misconduct and will be referred to an independent disciplinary commission as a result of the Brentford fixture being postponed.

https://www.bbc.co.uk/sport/football/48077182

Link to comment
Share on other sites

Can’t blame the players at this stage of a season when most will be moving on or at least, wanting to move on, come the Summer. If they play now and get injured, that could be the end of any deal they may have lined up and if they were to get injured, is their insurance cover even being paid by Bolton? 

Link to comment
Share on other sites

  • Administrator

The EFL has this morning confirmed that Bolton Wanderers’ suspended Sky Bet Championship fixture with Brentford will not be played this week.

 

The EFL Board will now determine on Thursday 2 May 2019 as to what arrangements are to be put in place in regards to the fixture and Bolton Wanderers will be instructed accordingly.

 

As previously advised EFL Regulations do provide for any League match to be played within four days of the end of the normal playing season (Sunday 5 May 2019).

 

The EFL reserves its position in relation to the Club not making the arrangements to play the game at the earliest opportunity and this matter will be brought to the attention of the Independent Disciplinary Commission the Club has been referred to at the appropriate time

 

https://www.efl.com/news/2019/april/efl-statement-bolton-wanderers4

Link to comment
Share on other sites

  • The title was changed to Bolton Wanderers - Bassini Takeover Collapses
  • Administrator

Administration looks set to happen...

Quote

 

Bolton Wanderers owner Ken Anderson has announced he has been left with "little or no choice" other than to place the club into administration.

Wanderers appeared in the High Court on Wednesday over a £1.2m unpaid tax bill.

The case was adjourned until 22 May, allowing time for an administrator to be appointed.

Administration would result in the club, relegated to League One this season, having a 12-point penalty imposed on them next term.

Former Watford owner Laurence Bassini had been part of a takeover bid, but Wanderers said on Thursday that the deal was off.

Bassini, who had been given 48 hours to prove to the English Football League he had the funds to take over, later said he had control of the club, but it was reported on Monday that his bid was on the brink of collapse.

Meanwhile, Bolton Whites Hotel, which adjoins the University of Bolton Stadium and is owned by the club, also appeared in the High Court over a separate winding-up petition and were also given an adjournment until 22 May.

 

https://www.bbc.co.uk/sport/football/48199290

Link to comment
Share on other sites

  • The title was changed to Bolton Wanderers - Bassini Takeover Collapses; Administration Expected

By all accounts (other than Ken's), it was the Eddie Davies trustees (Fildraw) who have put us into admin, not Anderson, who is seemingly happy to liquidate. If we're SOMEHOW saved, we'll start with at least a 12 point deduction and an embargo, with very few contracted players, and clubs unlikely to want to loan to us based on our history (and then, which player would even want to come here?!?)

The fat slimy bastard of an owner has no intention of saving the club, no matter what dross he spouts in his column. DIAHF isn't a strong enough sentiment for this fucking weasel. 

Link to comment
Share on other sites

  • The title was changed to Bolton Wanderers - Administration Confirmed
  • Subscriber

157819642_DONTDELETE.thumb.png.6884807ab72785ea192afdc934333a83.png

Bolton Wanderers set up emergency food bank to help staff after wages go unpaid

Bolton Wanderers have set up an emergency food bank with donations from local businesses to help out staff who have not been paid.

During a turbulent year for the club on and off the field, non-playing employees have not been paid for April.

The Trotters, who were relegated to League One this season, became the first club to enter administration for six years on Monday.

"We're grateful for the support," club chaplain Phil Mason said.

"Often there is this perception that within football, people are paid a king's ransom, but of course the reality is that a lot of staff behind the scenes are on significantly low wages.

"They've got mortgages or rent to pay, they may have something coming up within their family and they've got food to put on the table as well as get to and from work."

It has been a tough season for the club, with players still to receive their salaries for March and April, alongside a return to League One after two seasons in the Championship.

Businesses have helped provide toiletries and nappies, as well as tinned goods, pasta, rice, freezer meals, frozen vegetables and bread.

And the Supporters' Trust have also been given assistance from within the wider football community, including an unnamed Championship club.

"It's tremendous that we've had support from a Championship club," Mason told BBC Radio Manchester.

"They have donated a significant amount in terms of Asda and Sainsbury's vouchers so we can use those in order to get additional provisions for the food supplies that we're offering to staff."

'Staff are anxious about the future'

Some staff have found the ongoing problems at the club have exacerbated existing mental health issues, and the Trust is offering support and counselling to those who need it.

"It's incredibly stressful for staff, there's no doubt about that," Mason said.

"The reality is, one in three or four people will have mental health issues and they can be triggered by a whole variety of things, not least, of course, the fact a person has not been paid or is not sure when they will be paid,

"They're anxious about the future of the organisation they work for, they don't know whether they're going to be kept on or made redundant and all those issues end up in places of stress and anxiety and that has an impact upon relationships at home, at work, and how they feel about themselves and their own self-worth

."https://www.bbc.co.uk/sport/football/48268140

Link to comment
Share on other sites

  • 5 weeks later...
  • Subscriber

2104158360_DONTDELETE.thumb.png.1fe13fe85d12f2ff5598265b23313167.png

Bolton Wanderers' administrators identify preferred new owner

Bolton Wanderers' administrators have identified a preferred new owner to take over the League One club.

Final offers were received from five parties before Wednesday's 16:00 BST deadline.

The successful bid met the criteria outlined by the administrators, including proof of funds for the next two years and EFL approval.

Paul Appleton of administrators David Rubin & Partners hopes a heads of terms agreement will be signed by Friday.

The preferred bidder, who has been notified of their successful offer, has also agreed to inject £1m into the club in order to rebuild the playing squad.

"I am delighted we have been able to reach a more than satisfactory outcome to this stage of the process and I am confident the preferred bidder has the ability to take Bolton Wanderers forward," said Appleton.

"Until that (heads of terms agreement) has been signed, we are still bound by the confidentiality agreement within the process.

"But I can assure all Bolton Wanderers fans that the preferred bidder has both the financial ability and the determination to turn around the fortunes of this great football club."

Wanderers went into administration at the end of a tumultuous season which saw problems on and off the field, and culminated in relegation from the Championship.

A winding-up petition against the club over an unpaid tax bill was suspended by the High Court after the club went into administration, and an emergency food bank was set up to help out staff who had not been paid.

Bolton, who will start next season in League One with a 12-point deduction, have also released a list of the 14 players that remain contracted to the club, including goalkeeper Ben Alnwick and Northern Ireland striker Josh Magennis.

https://www.bbc.co.uk/sport/football/48622014

Link to comment
Share on other sites

  • 1 month later...
On 13/06/2019 at 13:50, Pyfish said:

Hopefully things can start to get back on track for Bolton now. 

Not quite. 

Takeover still not finalised and news is exceptionally hard to come by (understandable, granted)

-12 (potentially more) for the new season

6 senior players contracted to the club, who haven't been paid for 20 weeks and counting

294 creditors owed £25m - they'll be lucky to get 30p in the pound, making us an untouchable client for any business services/commodities going forward

Employees are using fucking food banks because of non payment of wages

We've lost one of our biggest potential assets to Celtic for a comparative pittance

Training ground still locked up over non payments

No news on tickets, travel, anything of the sort - the season starts in two weeks

And the players remaining have today cancelled another friendly (Chester, on Friday) by going on strike again - again, I can't really blame them

 

I still don't know where this is going to end /rant

Link to comment
Share on other sites

36 minutes ago, StefBWFC said:

Not quite. 

Takeover still not finalised and news is exceptionally hard to come by (understandable, granted)

-12 (potentially more) for the new season

6 senior players contracted to the club, who haven't been paid for 20 weeks and counting

294 creditors owed £25m - they'll be lucky to get 30p in the pound, making us an untouchable client for any business services/commodities going forward

Employees are using fucking food banks because of non payment of wages

We've lost one of our biggest potential assets to Celtic for a comparative pittance

Training ground still locked up over non payments

No news on tickets, travel, anything of the sort - the season starts in two weeks

And the players remaining have today cancelled another friendly (Chester, on Friday) by going on strike again - again, I can't really blame them

 

I still don't know where this is going to end /rant

Fucking hell, what an absolute shitshow.

Link to comment
Share on other sites

  • Subscriber

Fucking shambles, I feel for you @StefBWFC and other Bolton fans, I can remember when Big Sam was your manager, 1999-2007 and myself as a United supporter dreaded playing them as he had them rock solid in defence.

Quote.thumb.png.cf61186b92e5de9beba29c876592e13a.png

 DESPERATE TIMES 

Bolton EXCLUSIVE: ‘We have not been paid for five months and don’t even have hot water for showers’, Andrew Taylor tells talkSPORT

EXCLUSIVE

By Joe Moore

18th July 2019, 12:33 pm

Bolton Wanderers players are close to going FIVE MONTHS without pay and their training ground does not even have hot water for showers.

Andrew Taylor joined talkSPORT on Thursday for an update on the financial woes which have crippled the Trotters and placed them in administration.

The 32-year-old left-back, who has been acting as a representative of his team-mates, was one of the hosts of senior players released by the cash-strapped club at the end of last season as they were relegated to League One.

MORE

Link to comment
Share on other sites

  • Administrator

https://www.bbc.co.uk/sport/football/49072909

Quote

 

Bolton Wanderers' takeover by Football Ventures (Whites) Limited is set to be completed by the end of the week.

The company, registered in January with the purpose of buying the club, was named preferred bidder at the start of July and BBC Radio Manchester reports the deal is close to being finalised.

Bolton have been in administration since 13 May and will start the League One season with a 12-point deduction.

Meanwhile, the club have had Saturday's pre-season game at Oldham cancelled.

It is Wanderers' third friendly to be cancelled after the Latics chose to find another opponent "due to the doubt of the original fixture going ahead".

Bolton have already had matches against Chester and Preston called off after a group of Wanderers players expressed discontent over the protracted takeover of the club.

They said they had been without pay for "20 weeks" and had received no communication from the administrator.

Oldham are yet to name new opposition for Saturday, although BBC Radio Manchester reports they are expected to take on National League side Stockport County instead.

Bolton, who kick off their season against Wycombe Wanderers in 12 days' time, have not revealed any possible alternative fixture.

It is the second successive season in which Bolton's pre-season preparations have been hampered by abandoned fixtures.

In July 2018, the Trotters' friendly against St Mirren was called off after players went on strike over unpaid wages and bonuses.

Strike action was then repeated during a season in which they were relegated from the Championship.

The players refused to train for 48 hours in April in protest at staff not being paid, while their league fixture against Brentford in May was called off after they refused to play until they were paid the wages they were owed.

Last week's players' statement said the delay in salary payment and continued uncertainty about the club's future has caused them "mental and emotional" stress.

 

 

Link to comment
Share on other sites

  • The title was changed to Bolton Wanderers - Takeover Close to Completion
  • 2 weeks later...
  • The title was changed to Bolton Wanderers - Takeover Completed

Archived

This topic is now archived and is closed to further replies.

  • Recently Browsing   0 members

    No registered users viewing this page.


Sign up or subscribe to remove this ad.


×
×
  • Create New...