The EFL in their infinite wisdom has decided to grant Bolton (founder members of the Football League blah de blah etc) ANOTHER stay of execution conveniently until May 8th, three days after the regulation Championship season ends.
I don't want or advocate the expulsion or demise of Bolton but what I can't fathom is the lack of even talk about sanctions which let's face it if it had been RUFC would have already happened. They can't pay their players or staff, can't even pay for the stadiums stewarding throwing their next two home games in doubt, they've got a crook as an owner who apparently is in advanced talks to sell the club to another crook yet the EFL is bending over backwards to help them.
It's not beyond the realms of possibility that Bolton could survive this season at the expense of Rotherham. If that happens the FA will have been guilty of a major dereliction of duty in not applying a penalty to Bolton during the season in which they have gained an advantage from their range of misdemeanours. If we had the financial clout, a lawsuit against the FA would highlight some uncomfortable truths but, as we all know, we don't have that status and accordingly we would be left to reap the detritus of bigger clubs' fraudulent behaviour!!
Not a fan of the footballing authorities but the Courts keep adjourning the decision on a winding up petition.
The football league, FA and PFA should have condemned what is happening and maybe hit them with a points deduction, but the decision to go to the 8th of May has nothing to do with them
BBC Sport report that Bolton's game on Saturday was only possible because the EFL brought a routine payment of around £150K forward by a week to help them out. Question: should the EFL be compromising its neutrality in a competition that it runs by doing a favour for one of the competitors? I'm all for a proud old club avoiding disaster, but surely there has to be a level playing field and surely clubs that live beyond their means ultimately have to either sort it out or suffer the consequences? For some reason Bolton seem to be bulletproof. And that isn't me trying to get a competitive edge, because after tonights result they are going down regardless. It just reeks and sets a bad and dangerous precedent. I take the earlier point that on the winding up petition it is the court not the EFL that has shown patience, but the footballing authorities seem to be overly tolerant of big clubs that flaunt the rules and get themselves into trouble.
The EFL are looking into the proposed sale of the club from someone (Anderson) who has previously been disqualified as a director for multiple dubious dealings to someone (Bassini) who has overseen the failure of various businesses, been through a couple of personal bankruptcies and was banned from being in charge of a football club for three years. If reports are accurate, what the two of them have in common is that they both know how to take money out of the clubs they own. Anderson reportedly paid £1 for Bolton then paid himself a consultancy fee of £500k from the club in his first year. Bassini reportedly took £1.5m out of Watford in 'cash advances' that he didn't have to repay after he sold the club on. All allegedly, but widely reported.
The EFL seem most concerned about the failure of Bolton to fulfil a meaningless fixture on Saturday, but what about the bigger picture for football clubs in general? Surely far more has to be done to make sure that there is better governance and greater financial stability in the game. Is there still a fit and proper person test, and if so what would someone's history have to look like before they failed it? Why can't the EFL regulate to provide that clubs must submit budget proposals in outline before a ball is kicked every season, and make sure that clubs operate within sensible parameters? Is it really that difficult? I know a little bit about law firms, and before you can get authorisation to run one you have to show that the proposed owners are of statutory good character, and you have to submit a solid business plan and cahflow forecasts. Why can't the same be introduced in football, to help protect long established clubs who really belong to their supporters being exploited/ruined by God knows who?
As an aside and from our point of view, might this mean that poor old Bolton will start next season with some sort of penalty (if they get there at all)?
It really is a shambles.
-- Edited by smiler on Tuesday 30th of April 2019 06:44:36 PM
On the up side if any points are deducted it will therefore apply next season.
It's really tragic, but its not like other clubs haven't Portsmouth / Rangers. The EFL need to be more cut throat with how they apply their rules, the Championship is a farce of a Division as it is.
Another deadline passes without action. Bassini still hasn't provided proof of funds regarding his proposed purchase of the club.
Well, hopefully we will know by next Tuesday whether the club will be in administration or not, though I can still see the courts granting a further extension of the HM Revenue & Customs claim for unpaid taxes
Still a bit shocked we’ve not lodged a complaint over Doidge scoring his only goal against us when he shouldn’t have been playing.
That Bassini has gone bankrupt three times and you could guarantee if he had taken them on they would be in the exact same situation in twelve months.
Bolton have been ran poorly for years though and you can see why they were one of the clubs pushing for a premier league two a few years ago to keep that prem money coming in.
I dont like to see a football club being run like this but it raises issues that are fundamental to how the EFL approach this kind of action by director's of football clubs in future.
Looks like Bolton are going into admin sorry for genuine supporters we have been in that position how the hell did the people running that club let it get into that mess looks like out of the 3 clubs going down we are in the best financial position with Ipswich reported being 100 million in debt I can't see us having any financial hangovers at least it gives us a better chance of turning things around quickly.