Financial Future V Premiership

[Jamster26]

Been talked about around here.

Basically, would you rather Bolton remain the premier league, facing the top teams in the world, even though our finance debt, is likely to remain the same, which in turn would mean, signing players on the cheap, on low string budgets, for the foreseeable future, but we still have the privilege of saying, that Bolton Wanderers are a Premier League club.

Or would you rather: Bolton get relegated. Apparently we have ten players out of contract in the summer, which will bring the wagebill right down, off load our higher earners, and basically, begin the foundations again, and HOPE we return to the premier league, at some point.

Some argue, there is more excitement to actually reaching the premiership, rather than being there. But what would you prefer?

[Martinbwfc]

Jams it is essential we go down, which is why Gartside is giving Coyle a wide berth, we go down, we unload the high earners, we recruit low income players, add to that the parachute payments, and we get back to financially sustainable, then push for the Premiership.

[H. Pedersen]

Since I rely on TV coverage to watch Bolton it would be a disaster for me if we were relegated.  There are only a smattering of Championship games available each week.

[Thaitrotter]

Since I rely on TV coverage to watch Bolton it would be a disaster for me if we were relegated.  There are only a smattering of Championship games available each week.

I'm in the same position but considering the few minutes of usually dire football that is on offer, it would be no great hardship!
Sad to say I think it's pretty  much a foregone conclusion now

[pfk]

Since I rely on TV coverage to watch Bolton it would be a disaster for me if we were relegated.  There are only a smattering of Championship games available each week.

Me too.. getting sick of watching us make the likes of Fulham look like Real Madrid though.  Might have to move to the UK to continue supporting Bolton!

[Malcolm Everett]

Jams and Martin, am I missing something here? Why is relegation essential? Every season in the Premiership rakes in around £45m in tv and prize money. Every season in the Championship gets clubs about £3m in tv and prize money. OK there are parachute payments but how can we pay off a £110m debt with only £3m from tv and prize money?
I would have thought Premiership survival is absolutely essential for the future of the club?

[xmiles]

Two big problems with relegation.

One it won't solve our financial problems. We can chose not to renew the contracts of players whether we are in the Prem or not and replace them with cheaper players, but where is the income coming from? Parachute payments won't last long and crowds will be smaller watching us play Charlton rather than Man U.

Secondly if Coyle stays why does anyone think we will be pushing for the Prem? New squad plus Coyle looks mid-table at best. And then when will we get back in the Prem? 10 years time? 20 years?

[DaveBWFC]

Relegation is not the answer to our financial problems. Anyone who thinks that is in for a big shock over the next few years.

[Jimbo]

We go down = Bradford...at best. At worst we won't exist in five years.

[The_Champ]

We go down = Bradford...at best. At worst we won't exist in five years.

Not one to exaggerate at all are you?

[Jimbo]

We're 110m in debt, we have realistically one season to get straight back up with a half decent squad (by half-decent I still mean selling off the likes of Holden, Lee, Reo-Coker, Muamba etc.) and not renewing any of the silly contracts our out of contract players are on.

If we fail to go up first time of asking the likes of Eagles, Wheater, M.Davies etc. are sold out of pure financial neccessity.

The best players at the club (if they're still here) will be the likes of O'Halloran and Josh Vela.

I don't see how those sort of players will keep us in the Championship? Still in oodles of debt, we're in League One, at this point if not already is where Eddie will lose most of his investment by taking the club into administration. Another relegation?

If we can find another buyer, we'll be a lower league side with a big stadium (although will the costs of running it become a burden?)

If we can't it'll be Goodnight Vienna.

[Gloria Stitz]

Well Jamster, I don't think it would be as simple as you say. If the question was, which would you prefer, Premiership football or financial security, I would pick the latter every time, baring in mind the position we're in.

Even if we don't go down this season, it won't be long before we do. Because the debt is stopping the club being able to spend much money, making it more and more difficult to compete.

If the club goes down, it faces a massive transition in order to survive not just in terms of the Championship but as a club too, and if it stays up its only a matter of time before it goes down anyway.

Our best bet is to hope for a buyer, but who would buy a club with debts of £110, incapable of breaking even.

Thanks for reading,

Gloria.

[GarethWilliams]

I dont care what league we are in as long as the 11 players and manager show a little commitment and passion

[Martinbwfc]

Jams and Martin, am I missing something here? Why is relegation essential? Every season in the Premiership rakes in around £45m in tv and prize money. Every season in the Championship gets clubs about £3m in tv and prize money. OK there are parachute payments but how can we pay off a £110m debt with only £3m from tv and prize money?
I would have thought Premiership survival is absolutely essential for the future of the club?

Malcolm, it's the wages mainly that are crippling us, we cannot sustain it with drops in attendances, the sky money is all eaten up by the wage bill.

[Wiggy]

If we do I think the league would make us go into administration and we would lose 10 points to start off in the championship.

[mr_bridger]

If the club goes down, it faces a massive transition in order to survive not just in terms of the Championship but as a club too, and if it stays up its only a matter of time before it goes down anyway.
Our best bet is to hope for a buyer, but who would buy a club with debts of £110, incapable of breaking even.

hmm it's not looking likely. Anyone know how ED businesses are doing? I suspect that they will sell Cahill next year and bolster the squad with some low cost replacements. I'd bet my house that they don't renew a number of contracts next year. This whole Coyle plan is about reducing costs and servicing the debt we have accumulated. We'll become a half decent Championship side. But I think, barring a miracle, that the Premiership journey is over this season.  I also think that the same 6/8 clubs will finish in the top half of the table every year now. Not long before the FA revisit the Prem1 and Prem2 model. What do you think? Perhaps why Gartside was prepared to discuss this last year? Unless my memory fails me.