masi51
Well-Known Member
It is well documented that we had a ambitious Manager, a chairman who was in it for himself and a Owner who listened to much to them both.So how exactly did such a big Championship club like Bolton end up in L2?
I never paid attention to the full story
We stood 4th in the premier lge at Christmas and the manager give the chairman a list of 4 players who if we could get one would bring the club champions lge football.
The owner/chairman thought this would set the club back and denied him the money..........The manager walked
saying he needed a big rest from football.........Two weeks later he rocks up at Newcastle
No compensation for us.
We then install a yes man as manager whose aim is to cut costs
The owner had taken money out of the club he had given the club at 10% interest rates.
The club was over 100m in Debt to a man who never at any time had a 100m fortune.
Mismanagement carried on with 3/4 more managers until the owner says if he can get another buyer he will write most of the so called debt off.
We then had 6 months of every man and his dog wanting to buy us from Arabs to The richest company in China.........We settled For Dean Holdsworth who had no money to buy the club so he bought in a outside investor who had been chairman of Southampton but who had been barred from being a Director of any company for a lengh of time. Holdsworth was soon cast aside and we had 3 years of unpaid bills, wages etc
Administration and points deductions.....two relegations and we are wher ewe are now.
We have been bought out by some cracking owners who have paid said debts off, brought evatt in and have invested heavily in the club. They are business people so will want to see some improvement for there money