East Kent Saint Posted 14 August, 2019 Share Posted 14 August, 2019 Should the Prem be offering assistance ? Do we want to see old clubs fail ? Link to comment Share on other sites More sharing options...
Batman Posted 14 August, 2019 Share Posted 14 August, 2019 no. HTH Link to comment Share on other sites More sharing options...
Faz Posted 14 August, 2019 Share Posted 14 August, 2019 I recall not being knocked over in the rush to help Saints when we were in trouble. In fact some quarters were retrospectively re-writing the rules to punish us. Link to comment Share on other sites More sharing options...
badgerx16 Posted 14 August, 2019 Share Posted 14 August, 2019 Why not Bury ? They are much closer to folding. Ultimately football clubs are commercial businesses, and as such may fail financially if underfunded or mis-managed. Link to comment Share on other sites More sharing options...
Cabbage_Face Posted 14 August, 2019 Share Posted 14 August, 2019 No, didn't help the skates Link to comment Share on other sites More sharing options...
Lighthouse Posted 14 August, 2019 Share Posted 14 August, 2019 No, would encourage other clubs to gamble financially, knowing the League would bail them out. I’ve got a mate who’s a Bolton fan, beyond caring if he’s honest. They’ve been so badly run, it’s like a slapstick comedy which has run on 3 series too many. Link to comment Share on other sites More sharing options...
VectisSaint Posted 14 August, 2019 Share Posted 14 August, 2019 Why not Bury ? They are much closer to folding. Ultimately football clubs are commercial businesses, and as such may fail financially if underfunded or mis-managed. Bury should be allowed to fold, and their FA Cup results expunged, especially the 1900 final. Retrospective award to the beaten finalsists. Link to comment Share on other sites More sharing options...
Charlie Wayman Posted 14 August, 2019 Share Posted 14 August, 2019 It's part of life, businesses fail new businesses rise. Intervention is not the answer. Living within your means is. Link to comment Share on other sites More sharing options...
Tamesaint Posted 14 August, 2019 Share Posted 14 August, 2019 Bury should be allowed to fold, and their FA Cup results expunged, especially the 1900 final. Retrospective award to the beaten finalsists. I agree. Still feel the hurt of that defeat. Link to comment Share on other sites More sharing options...
benjii Posted 14 August, 2019 Share Posted 14 August, 2019 If only their chairman had got his way and abolished relegation when they were in the PL... Link to comment Share on other sites More sharing options...
Saint_clark Posted 15 August, 2019 Share Posted 15 August, 2019 FA should have a system in place whereby a club who goes out of existence has it's ground, facilities etc all paid for and gifted to the season ticket holders of the previous club as shareholders of a new phoenix club. Or call me an idealist. Link to comment Share on other sites More sharing options...
sydney_saint Posted 15 August, 2019 Share Posted 15 August, 2019 I agree. Still feel the hurt of that defeat.****ing hell I had only recently found acceptance and closure and now this bit of hope opens up that wound again. Sent from my CPH1835 using Tapatalk Link to comment Share on other sites More sharing options...
Lighthouse Posted 15 August, 2019 Share Posted 15 August, 2019 FA should have a system in place whereby a club who goes out of existence has it's ground, facilities etc all paid for and gifted to the season ticket holders of the previous club as shareholders of a new phoenix club. Or call me an idealist. Would only work if the club concern actually owned those facilities when they went bust. I don’t know if that’s the case with Bolton but if they do own their ground it would be sold off and the proceeds used to pay off whatever mortgage their is, with the remaining money going towards creditors. Generally when stuff like this happens the levels of debt are higher than the combined value of the assets, so there is nothing left to ‘gift’ to the fans. Link to comment Share on other sites More sharing options...
Roo1976 Posted 15 August, 2019 Share Posted 15 August, 2019 I agree. Still feel the hurt of that defeat. so your 119 ? those telegrams must be pilling up by now..............good on ya. Link to comment Share on other sites More sharing options...
Saint86 Posted 15 August, 2019 Share Posted 15 August, 2019 Should the Prem be offering assistance ? Do we want to see old clubs fail ? No. Bolton tried to make the prem a closed shop with no relegation. And we got no help from the wider football community when we went under, and with far less debt that Bolton. Link to comment Share on other sites More sharing options...
Stud mark of doom Posted 16 August, 2019 Share Posted 16 August, 2019 Not followed this but surely as a minimum they’ll reform a few leagues down. There may even be a stadium available in Bolton they can play in. In reality, from Aldershot to Wimbledon, football clubs are much more robust than the narrow legal entity. Link to comment Share on other sites More sharing options...
badgerx16 Posted 16 August, 2019 Share Posted 16 August, 2019 Would only work if the club concern actually owned those facilities when they went bust. I don’t know if that’s the case with Bolton but if they do own their ground it would be sold off and the proceeds used to pay off whatever mortgage their is, with the remaining money going towards creditors. Generally when stuff like this happens the levels of debt are higher than the combined value of the assets, so there is nothing left to ‘gift’ to the fans. AFAIK the University of Bolton Stadium is owned by Bolton Wanderers. Link to comment Share on other sites More sharing options...
JRM Posted 16 August, 2019 Share Posted 16 August, 2019 Not followed this but surely as a minimum they’ll reform a few leagues down. There may even be a stadium available in Bolton they can play in. In reality, from Aldershot to Wimbledon, football clubs are much more robust than the narrow legal entity. Plenty of examples of clubs who have done that, Aldershot, Maidstone, Hereford. Link to comment Share on other sites More sharing options...
Faz Posted 16 August, 2019 Share Posted 16 August, 2019 AFAIK the University of Bolton Stadium is owned by Bolton Wanderers. It is, but the administrator has it valued at £10m, and there is an outstanding mortgage of over £10.5m. There are unsecured non-football debts of c£5.5m - just reading the list there are loads of small local businesses which will be screwed. Link to comment Share on other sites More sharing options...
badgerx16 Posted 16 August, 2019 Share Posted 16 August, 2019 (edited) .....there are loads of small local businesses which will be screwed. As always. Edited 16 August, 2019 by badgerx16 Link to comment Share on other sites More sharing options...
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