blonde poker forum

Price/thoughts on relegation to 1st Div?


15 players have left/been released. Is that too many to keep any kind of consistancy?

Big squad to start with, and the released players were only squad players mostly

They have parachute payments for three years, too.

Minimum I would expect is top 10, don't expect to see them anywhere near the bottom 6


What happens at Blackburn is more interesting IMO.

Bolton have fairly overwhelming debt problems (circa £100m from memory).  Despite Venky's involvement, Blackburn don't seem to have anything like this problem.  Hence Bolton are far more likely to implode than Blackburn?

If the debt is that much of a problem much more likely to gamble to get back to the prem as that debt can't be serviced elsewhere.

If the rumours are true Venky's didn't even know it was possible to be relegated and I know for a fact that they haven't been to Ewood more than once since Xmas.  I wouldn't be amazed if they just abandoned Blackburn.  I think what Bolton is doing is just sensible.  Reducing wage bill etc and I doubt they implode.

We'll just have to disagree on this.  Which bank is going to extend credit to a championship club which is £100m in debt in the current climate?  I am sure they'd love to gamble, but just can't see how they can.  

Can't remember if this was posted on here or not:

http://www.mannyroad.co.uk/component/k2/item/105-peter-harrison-an-open-letter-to-phil-gartside

Well parachute payments mean their budget can remain bigger than their competitors. Also a bank may see that without prem football they go bust and lose 100mil so supporting them to get them back in the prem may be their best hope.

They also have one of the best scouts in the game.

I suppose one of the key questions is who do they owe the £100 million plus to?

I don't know anything about Bolton but big difference between owing the money to a friendly super wealthy "fan" investor and owing it to a bank in the current climate.

Bolton's finances: in 2011 net debt £110.6M

Bolton Wanderers: detailed income statement (£000s)
Bolton Wanderers                                 2011                               2010
   
Turnover *                                         67714                               61714
Loan fees received                                  0                                       0
Wages                                              -56064                               -54971
Other costs                                       -16986                               -20302
Depreciation and amortisation               -16368                               -17909
Exceptional items                                      0                                  -4166
Operating loss                                    -21704                               -31468
Amortisation, depreciation                    16368                                 17909
Working Capital movements                   1962                                   1365
Operating cash flow                             -3374                                -12194
Interest paid                                        -538                                  -4304
Net capital expenditure                        -1185                                   -1179
Player trading                                     -12477                                -11376
Taxation                                                 0                                      0
Net cash outflow                                -17574                                 -29053

http://www.telegraph.co.uk/sport/football/competitions/premier-league/9255617/Revealed-the-financial-health-of-the-Premier-League-laid-bare.html

Scary stuff.

Bham were in a far worse state, they did alrite.

Kevin Davies will be a BEAST in the championship.

Wolves also have to pay for their stand so won't have much £ to spend, will probably raise £5M or so with Jarvis though.

Wolves top 2 imo. Morgan has plenty of money to spend. Have players like Ebanks-Blake who was nothing in the prem but a very good championship player. Most of their team are their championship team. May lose the likes of Doyle, Fletcher, Jarvis and Kightly but will get plenty of money for any of them.

bolton have a nice g casino with a good cash game

Any business that has £46.5M cash outflow in 2 years with a turnover of circa £60M per annum is in serious do-do.

But then maybe I'm just old fashioned about living within your means.

Bolton will most definitely be thereabouts next season. They may have a debt, but they will still have a decent enough budget to compete.

For me, Wolves and Leicester will be the ones to look out for. Wolves have yo-yoed for a bit, so been there done that with regards to coming back up.

Brighton and Burnely look decent prices,