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Post by realtrottersforever on Feb 29, 2016 21:26:46 GMT
www.thesun.co.uk/sol/homepage/sport/football/6964378/Boltons-crippling-wage-bill-revealed-as-club-prepare-for-League-One.htmlwhat an utter shambles...poor financial management of the previous regime will be hurting us for a while yet. 2 relegations and not a single relegation clause in there at all..you'd think we didn't flirt with relegation under Megson/LSL or with DF either. as if it came totally unexpected to the managers it did finally catch up with. one known error in the article to point out..Feeney is not on 17k per the graphic..the figure lower down in the story is correct apparently. amazing to see Holding on just £500 a week and the performances he is producing. i've wondered for a while if these late subs were all about bonus fees to be paid out as they are so illogical. presumably NL has to pay the fee out of his own pocket if he subs Feeney ( not been subbed before 90th minute since August ) . BOLTON are facing a financial nightmare NEXT season as Dean Holdsworth’s takeover bid struggles to come up with enough cash.
Their payroll reveals the scary size of the club’s wages as they head for League One.
Holdsworth and his partners are trying to find a package that will meet with Football League approval this week, with the main snag about their future funding.
It is no wonder all prospective bidders have been breaking out in a cold sweat when they see what contracts they have to pick up.Bolton will get rid of a handful of big earners in the event they go down.
But the cash-strapped club will still have many MORE players left on sky-high salaries in the third tier.
Wanderers plan to shed centre-half David Wheater, who is on £17,000 a week along with winger Liam Feeney, midfielder Neil Danns and on-loan Wellington Silva all on around £500,000 a year.
Emile Heskey seems sure to leave, too, although he is only on £7,000, Stephen Dobbie on £4,000 a week is another likely to go.
However top earner Mark Davies still has a year left on £18,000-a-week contract while ex-Liverpool starlet Jay Spearing is close to that level.
Keeper Ben Amos is on £16,000 a week for the next three seasons and skipper Darren Pratley signed up for two more years on £14,000 a week.
Between them that is a staggering £6.8million in wages, a huge amount to pay as gates and revenue drop a grade.
Even other free-transfer signings like Liam Trotter, Derik Osede, Dorian Dervite, Dean Moxey and Gary Madine are all on between £8,000 and £11,000 a week.
On top of that, those deals all include appearance money, which in some cases means an extra £3,000 a game.
And there are NO pay cuts in the deals which were mainly agreed when the Trotters were aiming to get out of the Championship in the other direction.
Bolton discovered that when they tried to get rid of Davies to Sheffield Wednesday in the last window.
The only lower earners are the likes of Zach Clough, Max Clayton and Josh Vela who will be relied on heavily.
But there is a worry over outstanding 20-year-old centre-half Rob Holding, who is only on a basic of £500 a week and out of contract in the summer.
Speedy Kaiyne Woolery, 21, is on even less but Bolton have an option to extend his stay for a year. Reading want Holding and offered £400,000, while Oxford are keen on Woolery and would pay £300,000 if his deal continues at the Macron.
The financial state of the books has put off all but Holdsworth so far and even boss Neil Lennon, who may be axed if he does get control, admitting some respect for him.Lennon said: “I have not spoken to him yet but Dean has worked really hard on this and put his heart and soul into it. If anyone deserves to get it then it would be him.”
Ex-Trotters hero Holdsworth, 47, has already submitted several budgets to the Football League who have yet to accept them.
He has 48 hours to come up with one that works before the next meeting.
The cost of the takeover also includes an existing tax bill close to £3m, wages for this season, repayment of a loan to the PFA and unpaid agent fees.
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Post by one2many on Mar 1, 2016 10:10:44 GMT
I can understand Davies and Wheater's wages because they signed in a different period, but how on earth did anyone agree to pay Amos and Pratley those amounts last summer? I would love to know what happened around October 2015, because up until then, everything seemed normal, we were bringing in players, no rumours of financial meltdown etc. Would administration allow us to end some of these contracts? Can't see anyone taking any of the high earners of our hands because they are playing rubbish.
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Deleted
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Post by Deleted on Mar 1, 2016 11:39:18 GMT
www.thesun.co.uk/sol/homepage/sport/football/6964378/Boltons-crippling-wage-bill-revealed-as-club-prepare-for-League-One.htmlwhat an utter shambles...poor financial management of the previous regime will be hurting us for a while yet. 2 relegations and not a single relegation clause in there at all..you'd think we didn't flirt with relegation under Megson/LSL or with DF either. as if it came totally unexpected to the managers it did finally catch up with. one known error in the article to point out..Feeney is not on 17k per the graphic..the figure lower down in the story is correct apparently. amazing to see Holding on just £500 a week and the performances he is producing. i've wondered for a while if these late subs were all about bonus fees to be paid out as they are so illogical. presumably NL has to pay the fee out of his own pocket if he subs Feeney ( not been subbed before 90th minute since August ) . BOLTON are facing a financial nightmare NEXT season as Dean Holdsworth’s takeover bid struggles to come up with enough cash.
Their payroll reveals the scary size of the club’s wages as they head for League One.
Holdsworth and his partners are trying to find a package that will meet with Football League approval this week, with the main snag about their future funding.
It is no wonder all prospective bidders have been breaking out in a cold sweat when they see what contracts they have to pick up.Bolton will get rid of a handful of big earners in the event they go down.
But the cash-strapped club will still have many MORE players left on sky-high salaries in the third tier.
Wanderers plan to shed centre-half David Wheater, who is on £17,000 a week along with winger Liam Feeney, midfielder Neil Danns and on-loan Wellington Silva all on around £500,000 a year.
Emile Heskey seems sure to leave, too, although he is only on £7,000, Stephen Dobbie on £4,000 a week is another likely to go.
However top earner Mark Davies still has a year left on £18,000-a-week contract while ex-Liverpool starlet Jay Spearing is close to that level.
Keeper Ben Amos is on £16,000 a week for the next three seasons and skipper Darren Pratley signed up for two more years on £14,000 a week.
Between them that is a staggering £6.8million in wages, a huge amount to pay as gates and revenue drop a grade.
Even other free-transfer signings like Liam Trotter, Derik Osede, Dorian Dervite, Dean Moxey and Gary Madine are all on between £8,000 and £11,000 a week.
On top of that, those deals all include appearance money, which in some cases means an extra £3,000 a game.
And there are NO pay cuts in the deals which were mainly agreed when the Trotters were aiming to get out of the Championship in the other direction.
Bolton discovered that when they tried to get rid of Davies to Sheffield Wednesday in the last window.
The only lower earners are the likes of Zach Clough, Max Clayton and Josh Vela who will be relied on heavily.
But there is a worry over outstanding 20-year-old centre-half Rob Holding, who is only on a basic of £500 a week and out of contract in the summer.
Speedy Kaiyne Woolery, 21, is on even less but Bolton have an option to extend his stay for a year. Reading want Holding and offered £400,000, while Oxford are keen on Woolery and would pay £300,000 if his deal continues at the Macron.
The financial state of the books has put off all but Holdsworth so far and even boss Neil Lennon, who may be axed if he does get control, admitting some respect for him.Lennon said: “I have not spoken to him yet but Dean has worked really hard on this and put his heart and soul into it. If anyone deserves to get it then it would be him.”
Ex-Trotters hero Holdsworth, 47, has already submitted several budgets to the Football League who have yet to accept them.
He has 48 hours to come up with one that works before the next meeting.
The cost of the takeover also includes an existing tax bill close to £3m, wages for this season, repayment of a loan to the PFA and unpaid agent fees. sorry but I think your being conned here , lets ask some question ,like "were did the sun get all that info from? " has anybody confirmend or denide it ?, we all know that rags reputation so just take it with a very large pinch of salt . |
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Post by one2many on Mar 1, 2016 11:53:20 GMT
owdonlad, i agree with you about The Sun. However, our accounts have been shown to several court officials recently along with people related to the takeover. It wouldn't take much for some underpaid funcionary to accept a nice little back-hander in exchange for revealing this information. Why The Sun might think this worthy of reporting is another matter.....it is hardly earth shattering news is it?!
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Post by realtrottersforever on Mar 1, 2016 12:06:57 GMT
I don't quite know which bit you are doubting there Owdonlad..we know the guys signed in the PL were on big wages and have been difficult to shift.
and we know Spearing was on a fair old whack too..having been signed like the article says when we had a view to going up, not down.
and I think it was widely reported last summer that both Amos and Pratley's deal were a bit of a stretch.
we also know these ongoing commitments to players contracts has been putting off possible bidders for the club, as they can't just shed them as quick as they'd like and run it their own way.
when fans ask- where has all the money gone..this is a good part of the answer....bled out on overpaying players.
you might not trust the Sun, but I'm sure this stuff will soon be turning up in BN stories..especially those hints about players leaving.
the last Sun story that got doubted by 1 or 2 on here was re NL's private life. and we're all still waiting for his lawsuits to be filed on that one to deny it all. I think it's a far bigger stretch to believe that we've managed players contracts efficiently over the last few years than to believe this
story..confirming we haven't .
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Post by realtrottersforever on Mar 1, 2016 12:19:28 GMT
owdonlad, i agree with you about The Sun. However, our accounts have been shown to several court officials recently along with people related to the takeover. It wouldn't take much for some underpaid funcionary to accept a nice little back-hander in exchange for revealing this information. Why The Sun might think this worthy of reporting is another matter.....it is hardly earth shattering news is it?! yep, and it's also in Sports shields interest to get this info out to show the fans how hamstrung they are by the previous regime instead of people immediately blaming them. agree it's hardly earth shattering..doubt most Bolton fans surprised by it. it may even suit NL to get the info out...under pressure for his job.....show how hamstrung he's been. has to start with people he would prefer not to as if he subbed them on, it'd cost 3 grand etc. things like that. |
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Post by andyl on Mar 1, 2016 12:25:03 GMT
Crippling. What madness to commit to all this apparently without relegation clauses. They are also unsellable. Must really annoy Holding..
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Post by riochforthereebok on Mar 1, 2016 19:06:32 GMT
owdonlad, i agree with you about The Sun. However, our accounts have been shown to several court officials recently along with people related to the takeover. It wouldn't take much for some underpaid funcionary to accept a nice little back-hander in exchange for revealing this information. Why The Sun might think this worthy of reporting is another matter.....it is hardly earth shattering news is it?! All I can add to that is that if any of them players are earning a third of what the current bun (Sun) have reported well then that's a third too much  |
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Post by Deleted on Mar 1, 2016 19:24:43 GMT
I don't quite know which bit you are doubting there Owdonlad..we know the guys signed in the PL were on big wages and have been difficult to shift. and we know Spearing was on a fair old whack too..having been signed like the article says when we had a view to going up, not down. and I think it was widely reported last summer that both Amos and Pratley's deal were a bit of a stretch. we also know these ongoing commitments to players contracts has been putting off possible bidders for the club, as they can't just shed them as quick as they'd like and run it their own way. when fans ask- where has all the money gone..this is a good part of the answer....bled out on overpaying players. you might not trust the Sun, but I'm sure this stuff will soon be turning up in BN stories..especially those hints about players leaving. the last Sun story that got doubted by 1 or 2 on here was re NL's private life. and we're all still waiting for his lawsuits to be filed on that one to deny it all. I think it's a far bigger stretch to believe that we've managed players contracts efficiently over the last few years than to believe this story..confirming we haven't . the bit I have doubts about is the exact amounts quoted , if you had been in the pro game you would know that one of the hardest things to find out is what a fellow team member is being payed , I have no doubt that some of the current squad are on above average wages and some below and that some if not all contracts were poorly written but to say that the court would have details of player wages is a big no no the court as well as sports shield will just have the total wage bill and that would be part of due diligence . I don't think any one will ever publish the true story of the last decade of BWFC ,I once read a past Bolton players story in the rough form and when it finaly went to print it was nothing like the first draft (had it been a certain player would have been in the divorce court and one or two of his mates would have been after his blood ). If you want to know who the player was pm me but mums the word. |
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Post by realtrottersforever on Mar 1, 2016 19:59:29 GMT
Marc Iles was asked if these figures look reasonable :
while we're talking wages, it's probably been mentioned elsewhere on the forum, but just to put it on record on a thread I might remember where to retrieve it on, if ever need refer to it in future..here's confirmation of NL's salary and contract length :
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Post by realtrottersforever on Mar 1, 2016 20:28:58 GMT
www.financialfairplay.co.uk/scmp.phpLeague 1 has a salary cap, which means you can spend a maximum of 60% of turnover on wages. presumably this is the sort of stuff Deano is trying to convince the authorities we can pass this. didn't know about this rule about certain 3 year contracts being excluded. that might help us, as we seemed to be madly handing those out like confetti even when belts were supposedly being tightened. " Relegated clubs
The rules apply to all clubs and there is no moratorium for clubs relegated from the Championship. However, Transitional Arrangements are in place whereby clubs are allowed to exclude the wage costs of all players that the club signed pre September of the relegation season, if they were signed on contracts in excess of 3 seasons. "*although second thoughts on that..does in excess of 3 mean ..3 and over or just over 3. ??
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Post by OohMac on Mar 1, 2016 22:04:10 GMT
"Even other free-transfer signings like Liam Trotter, Derik Osede, Dorian Dervite, Dean Moxey and Gary Madine are all on between £8,000 and £11,000 a week"
How exactly did this happen. Ok Osede is a gamble and young and signing him up long term may have been a brave decision that pays off. He still has promise no matter what happens and in terms or value he probably still is top 5.
But how can Liam Feeney and Trotter, no matter how much AndyL might object, come from Millwall where they hardly set the league alight. Relegated Millwall and command such salaries. How can Madine come from relegated "six players signed on at the start of the season" Blackpool and ask for that much, with his checkered history too. Moxey has been playing lower league football. Dorian Dervite from Charlton. Bet all them clubs are having a good laugh at us.
I hope their agents, who are very good at their job, are keen to move their talents away from League One next season. I have my doubts though, I think they may have the same agent and perhaps this agent is a close friend to say a Bolton Wanderers board member.
And week in week out, the star of the show has been Holding on £500.
My hope is that some personal pride comes into with these players and they ask Bolton to let them go for free, we owe them nothing they walk away and see if they can get a Championship club or a Chinese club to try and match what they were on or if not settle for a bit less playing a league up.
Put faith in the kids, reward them, review it on a yearly basis, sign up the assets and if you have any money left then look to bring in a player from elsewhere.
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