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Post by megsontilidie on May 23, 2014 16:47:42 GMT
good article..by footie finance expert..David Conn. www.theguardian.com/football/2014/may/22/club-by-club-guide-championship-finances-2012-2013?CMP=twt_guthis is the bwfc bit : Bolton Wanderers Ownership Owned by the Isle of Man businessman Edwin Davies via Fildraw private trust company, registered in Bermuda. Turnover £35m Highest in the league Wage bill £37.4m Highest in the league Wage as a proportion of turnover 107% Directors’ pay £792,000 paid to 6 directors; £408,000 the highest Loss before tax £50.6m Net debt £163.8m Interest payable £7.5m Accounts for the year to 31 May 2013 State they’re in Spectacular £50.6m loss in the first season after relegation, despite parachute payments. Bolton’s 1997 move to the Reebok stadium was accompanied by building a hotel and plans for diverse earnings which would subsidise the club to compete above its natural level. Premier League wages then soared, though, and Bolton have made massive losses. They are supported by Edwin Davies, the kettle element manufacturer whose loans were up to a staggering £151m. Davies charged £7m interest and other fees in 2012-13, but now charges no interest |
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Post by whitesince63 on May 23, 2014 16:56:11 GMT
Quite astonishing when you actually see it written down. Can't see Edwin ever getting his money back and certainly not whilst Gartside is in charge of matters!!
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Post by BurndenPaddock on May 23, 2014 17:31:56 GMT
Yep these were the figures I was talking about in my post a while back hereWhat is interesting is the directors pay which I hadnt seen compared with other clubs. Needless to say we were 2nd in the league in that season just behind Brighton I think. It will be very interesting to see how that compares for last season and the coming season now we are at best a mid table Championship club. It will be hard to justify £800,000 directors pay thats for sure. |
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Post by megsontilidie on May 23, 2014 19:13:29 GMT
sorry about the thread duplication BP. i do remember seeing the tweets from Swiss Ramble ( direct, not via your thread), but as this article seemed to bring it all together in one place better, thought it was worth putting on.
just heard David Conn on talksport talking about this issue. he said the play- off game is worth 120 mill. £60 mill guaranteed even if you finish bottom, plus another approx 59 mill in parachute payments. an interesting fact he quoted, which i can't find anything online to verify, is you get 4 mill per season in the ch'ship. so you'd take 30 yr's ( 30*4 = 120) to get the same revenue, so no wonder clubs gamble. i wondered near end of season whether there were any extra payments for higher league finishes, 'cos i hate that nonsense about "teams have nothing to play for ". playing for fans. playing for pride, playing to earn new contracts , playing to win 'cos that's what winners do... etc. he didn't say directly either way, but certainly seemed like it was a flat £4mill per season. anybody know or can find it out ?
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Post by BurndenPaddock on May 23, 2014 21:25:24 GMT
No dont be daft mtid ... its all interesting stuff. The thing about the play off final is that it doesnt mean its £60 million or £120 million in the bank unfortunately it just means the club is going to spend it and more on players wages  . I believe its £2 million a year for tv money in the championship but that could be a year or so out of date so £4 million could be right...there's a tiny prize of £50,000 or so for the winners of the championship about half of that for second place and nothing for anyone else. |
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