Freedman Talks Finances & Prospect of Transfer Embargo

  • September 01, 2014 | By Chris Mann
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Dougie Freedman believes Bolton are on course to fall in line with Financial Fair Play regulations and avoid a potential transfer embargo in the New Year.

Accounts published last December, showcasing Wanderers' dealings throughout the 2012/13 campaign, showed the club's debt to be at an all-time high of £163.8million - after reporting a £50.7million loss in the 12 month period between July 1, 2012 and June 30, 2013.

While Wanderers have been active in the transfer market this summer, Freedman has had to watch on as a number of targets, most notably Lukas Jutkiewicz and Jordon Ibe, have completed moves elsewhere.

Despite his frustrations in the market, the Bolton boss believes the club are in a good position to avoid FFP punishments by staying within the £8million loss boundary but admits the loan system still represents his best opportunity to bring fresh faces to Macron Stadium.

"On Financial Fair Play, we're there," Freedman told The Bolton News, prior to Saturday's defeat at Leeds United.

"The problem is when we came down from the Premiership we were spending a lot of money on players' wages on two or three-year contracts. That is not a good situation at all.

"When we were looking to send players out on loan, clubs were only looking to pay their market value, not the fortunes they were earning here, and that meant when you were looking to replace them, you didn't have the cash.

"Give or take one or two players I think they have now balanced that out, so if we sell players we should be able to bring people in."

In a separate, but related interview with the same newspaper, Freedman warned fans to expect a quiet transfer deadline day, which falls today, but admits the club are now in a position to sign players should any unexpected departures take place.

"Nobody has contacted me about my players," he said. "They are all rumours again. If someone did contact me then I'd be here telling you there was a possibility we'd get one or two players in. That's what I'd like to tell you.

"My prediction will be that we'll have to wait until the loan window re-opens to see what's available.

"We haven't hidden that fact before, we won't now.

"If someone does buy one of our players then it will kick-start a reaction, you'd hope, but I've got no power to go out and buy someone else's players so I would anticipate a quiet deadline day.

"I think it's hitting home more now with people that this is how we've coped in the last two years, and I think we've done well out of it, really.

"We've used the loan market but, as I've said in the past, you're reliant on other clubs telling you when you can have their players.

"It was only in the second half of last season that we started to kick into gear and that's because I'd got the players in that I needed to.

"The loan market has helped us in the past and now it's the core of what we're doing right now.

"Someone is going to have to take the stick, I understand that, but the fans have also got to understand where the football club is and what is going on; I think the majority do.

"I was brought to this club to try and get the younger footballers through to the first team and we still have to do that. It's healthier but we still need to improve.

"We need to try and return to the top division, and I feel in that first year we were very, very close but now we've had to adjust the books.

"Something has had to give - and that's on the pitch right now. When certain players leave it's to balance the books.

"It started a few months after I got here with Martin Petrov, who was a fantastic lad but on a huge amount of money, and he wasn't replaced.

"I'm really alright with the fans and the situation I'm in and the reason is because I know I'm doing the best job I possibly can with what we've got."

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