Soccer Bolton Wanderers Have a New Owner, Plus Money

Discussion in 'Sports' started by Apollo, Feb 23, 2016.

  1. Apollo

    Apollo Omnipotent Moron Administrator

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    This isn't getting hidden in the Footy thread, screw that. This isn't even confirmed by the Football League, yet, but still screw posting it in the Footy thread.

    After months and months of speculation, speed bumps, problems, asset sales, more problems, transfer embargoes, more problems, not paying staff members, and even more problems...Bolton Wanderers owner Eddie Davies this morning finalized the paperwork for a takeover by former Bolton Wanderers striker and Sports Shield consortium frontman Dean Holdsworth.

    There are still massive questions needing answered, such as where is the money coming from, who are the backers, and how can we be rid of Davies and his outlandish demands as quickly as possible? But, and this is the best news Bolton have had in years, there is now a chance for the club to move forward, not backwards. Dean Holdsworth has stated the first order of business, upon finalizing the takeover, is to get the embargo removed and...get some new players in! Granted, it's only the loan window, but it's still fresh talent in a lineup with very little available at the moment. It also means that Bolton can focus on re-signing some expiring contracts and shaping the squad for next season.

    I'm disappointed in a lot of aspects of this deal, specifically Eddie Davies' lingering presence after the takeover, in his new role as club President (where he replaces the late, great Nat Lofthous, might I add, a move most Bolton fans are absolutely livid about). It's a title only, no actual authority, but the fact that his name will linger on is irritating. He's also demanding a suite be named in his honour, and that he has access to it when he sees fit. Also, for the next five years he will be paid a percentage of Bolton's TV and Sponsorship money, alongside bonuses for any seasons spent in the Championship or Premier League in the next five years. Now, I understand he wants to recoup some of the millions of pounds he's wiping out in debt (he's still leaving £15million on the books, btw), but do you really need to take from Bolton's only sources of revenue in this day and age? That's more important than securing the long term future of the club you supposedly love? Please just bugger off into the sunset...you were a legend, now you've turned yourself into a real prat on the way out.

    That's about all I've got, but damnit, I'm so happy about the takeover and the potential for the club to actually move forward rather than winding up and shutting down. It's a really exciting moment, despite the lingering issues and questions. Happy times for Bolton fans at long, long last.

    Sources:

    http://www.theboltonnews.co.uk/spor...ports_Shield_deal_could_save_Wanderers_today/
    http://www.theboltonnews.co.uk/spor...Sports_Shield_s_takeover_at_Bolton_Wanderers/
    http://www.theboltonnews.co.uk/spor...oured_to_be_a_part_of_Bolton_Wanderers_again/
    http://www.theboltonnews.co.uk/spor...s_once_Wanderers__transfer_embargo_is_lifted/
     
  2. Jon

    Jon Official Thread Killer Premium Member

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    Just because I don't want to see another thread where poor Apollo spends the whole time talking with himself (because let's face it, it's the first sign that the insanity you've developed has spread to insurmountable lengths), I'm going to post here.

    I didn't understand a damn thing you posted, but there it is. You're officially not talking to yourself.
     
  3. Apollo

    Apollo Omnipotent Moron Administrator

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    Hey now, I know there are dozens and dozens of Bolton fans on the internet, I'm sure at least one of them will stop by eventually...perhaps...
     
  4. Jon

    Jon Official Thread Killer Premium Member

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    You know, I work with a British fellow who is a massive Manchester United fan (I often torture him by calling him a Manchester City fan). I once told him I knew a Bolton fan. He started laughing hysterically (I'm not joking). When I asked if they were really that bad, he finally was able to respond with, "they're just poorly owned." Then he giggled and walked away wiping the tears from his eyes....
     
  5. dimmerwit

    dimmerwit Tremendously High Energy Member Premium Member

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    You should ask him about Leeds United next time. Everybody loves Leeds!
     
  6. Apollo

    Apollo Omnipotent Moron Administrator

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    Yeah, it's a real shame Bolton aren't owned by a family of American billionaires or Saudi oil barons. I can't tell you how many times I've wished for every brain-dead bandwagon idiot to be sporting the mighty white of Bolton.

    Heh, Leeds...

    https://en.wikipedia.org/wiki/Doing_a_Leeds

    Fish tanks:facepalm:
     
  7. Jon

    Jon Official Thread Killer Premium Member

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    Since I don't know anything about soccer, I'll ask the question:

    If I said this to him and gave him your address would it be something that I could get a lawn chair and popcorn and enjoy the ensuing MMA-style fun?

    I'm going to have to do this... I've never heard of Leeds United...
     
  8. Jon

    Jon Official Thread Killer Premium Member

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    I also feel the need to point out, that as someone who doesn't follow soccer, and has very little rooting interest in it, I must tell you I am the type of soccer fan that roots for the U.S. during the World Cup, and whichever team friends of mine root for all other times. So if it's any comfort to you, I am officially a Bolton fan. I've just no hardcore desire to follow the sport of soccer, so I still won't know anything you mention.

    That said, when you're happy about something involving them, I'm happy, too!
     
  9. Apollo

    Apollo Omnipotent Moron Administrator

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    Potentially, if he's insecure in his fanaticism for his "precious" club. ;)

    Since American sports don't really have a promotion/relegation setup that I'm aware of, it's hard to draw parallels, but it's like a company spending massive amounts of money, growing from a great company at the regional level to a national level company, failing to secure any real support and then dwindling back down to a mere shell of what it used to be, even at the previous regional level.

    Leeds became massive, absolutely massive. Had some great names in their squad and put a lot of pressure on the biggest clubs, but then they had a miserable season, missed out on European football and, as if by magic, the money disappeared and the club was in turmoil. They dropped so far, so fast it was almost amazing (until Portsmouth beat them by dropping further, faster). Now they're getting closer to where they were before the fish tank days, but it's taken them a good ten years or so to get over the stupidity that was Leeds United.

    Bolton may be poorly managed on the administrative side, but they've never been THAT bad.

    Yeah, Bolton fans 4 life! :highfive:

    :D
     
  10. dimmerwit

    dimmerwit Tremendously High Energy Member Premium Member

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    Leeds gained a reputation for unruly fans who would strike up a strong rivalry with everything else that moved, although their rivalry with Man Utd was particularly strong partly as an extension of the greater Yorkshire - Lancashire rivalry. However well deserved, and to be honest I think it's just a by-product of having very passionate fans, Leeds gained a reputation as the club that everybody loved to hate after Millwall had fucked off into irrelevance.

    Leeds had last won the title in 1992, and since then had been a good if not top tier side. Then around the turn of the century their directors made the terrible decision to take out big loans in order to try and challenge for the title again. The loans were only feasible if the club qualified for the Champions League and got the associated TV, sponsorship and matchday revenue that came with it. They did not qualify and ultimately got into serious financial trouble, having to sell their best players and ultimately getting relegated twice and going into administration.

    To compound their misery, they were taken over in 2014 by Massimo Cellino, a total madman with a total disregard for reality. After going though 36 managers in 22 years at the previous club he owned in Italy, he set to work at Leeds. Since taking over in April 2014 Leeds are on their sixth manager, and he has amongst other things banned the number "17", even telling his manager not to select a player who was born on 17 May. He's also very afraid of the colour purple, although that has yet to be an issue to my knowledge.
     
  11. Jon

    Jon Official Thread Killer Premium Member

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    Oh... he's fanatical... But strikes me as passionate. Like, not a bandwagon lover. More like, "My father loved this team, my father's father loved this team, I love this team because it's part of my family history." If that even makes a difference. Locally, it's not like rooting for the Yankees only when their winning. It's more like rooting for the Red Sox in the midst of 86 years of futility. :shrug:

    So they are the Toronto Maple Leafs of the soccer world?

    Convert! :highfive:

    That can only happen in soccer because of the nature of the beast and the way contracts and sponsorships are worked... but damn if that doesn't seem like an abhorrently poor way of running a club...

    Umm... did I miss something? What's the significance of banning the number 17 and people born on May 17? Is there a logical reason or just superstition? Because this guy sounds like Jerry Jones!
     
  12. Apollo

    Apollo Omnipotent Moron Administrator

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    Well that's at least better. Like a Kings fan who supported them before 2012, or the Blackhawks before 2010.

    Like Bolton fans! :woohoo:



    I should be insulted, but it's so damn true...:(
     
  13. Jon

    Jon Official Thread Killer Premium Member

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    Well, Bolton is easier to like than the Maple Leafs.... that's a good thing.
     
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  14. Northern Lights

    Northern Lights Perfection '11 Moderator Premium Member

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    Good for you. It's terrible when clubs (and those who pour time and money into them) are being punished by one guy and his incompetence.

    I can't see Bolton staying up, but hopefully they are in a better position to recover next year.
     
  15. Apollo

    Apollo Omnipotent Moron Administrator

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    In this instance it's essentially one man and his board of incompetent friends. It's amazing how everyone thought it was Gartside's doing, and yet with the transparency seen since HMRC started proceedings and Trevor Birch took over as adviser to Brett Warburton, 'acting chairman,' just how much the board and Eddie Davies tied Gartside's hands and made his situation impossible. Such terrible mismanagement on the whole...it's really such a sad story.

    Sadly, I'm inclined to agree that Bolton look set for the drop, though there is still some time left to get their act together.
     
  16. Apollo

    Apollo Omnipotent Moron Administrator

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    FINALLY.

    BWFC's new owners have officially been confirmed and ratified by the Football League today, meaning the club may finally have some money in their pockets, and the transfer embargo may actually be lifted, allowing for loan signings. It's a step forward, though for how much longer remains to be seen. While Dean Holdsworth and the Sports Shield Consortium are indeed the owners of the club, it has also emerged that Ken Anderson and the Inner Circle Club are also involved. Anderson was a part of a consortium who launched a bid to buy Liverpool a few years back, the objective of which was to strip the club of assets, take the profits and sell the club on again. While Bolton are down to the bare bones in terms of assets, it is not a particularly welcome sign to have that particular name associated with the club's ownership, let alone the board of directors. Here's hoping he's not a 50% owner, as seems to be the inference...

    Club statement: http://www.bwfc.co.uk/news/article/club-statement-2999492.aspx
     
  17. Jon

    Jon Official Thread Killer Premium Member

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    Was that before or after the Red Sox ownership took the dive on Liverpool?
     
  18. Apollo

    Apollo Omnipotent Moron Administrator

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    Before the Red Sox, but only slightly after Tom Hicks' "successful" run as owner which simultaneously bankrupted his Texas Rangers and Dallas Stars franchises.
     
  19. Jon

    Jon Official Thread Killer Premium Member

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    So... you're saying there's hope?
     
  20. Apollo

    Apollo Omnipotent Moron Administrator

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    There's hope it's not just a means to sell off Bolton's remaining assets and bugger off again, yes. There's a small chance Bolton might actually benefit from this sale and move forward in a positive way, but most are predicting doom and gloom, especially if the club do get relegated. So...yay...
     
  21. Jon

    Jon Official Thread Killer Premium Member

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    You should ask Al to buy Bolton. :link:
     
  22. Apollo

    Apollo Omnipotent Moron Administrator

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    I was thinking of writing a letter to Bill Gates, he seems like he might want a struggling, small market, formerly asset-rich football club to spend his pittance on. Sounds like a good plan, right?
     
  23. dimmerwit

    dimmerwit Tremendously High Energy Member Premium Member

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    Ask him to put in a word to Paul Allen.

    A slim hope suitable for such a desperate situation!
     
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  24. Jon

    Jon Official Thread Killer Premium Member

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    You'd have a better shot with Steve Jobs.
     
  25. Apollo

    Apollo Omnipotent Moron Administrator

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    But Paul Allen likes basketball...he clearly knows nothing about sports.

    I'd have a hard time getting a hold of him, I think...plus, Apple Logos would look dreadful on Bolton's kits or stadium.
     
  26. Jon

    Jon Official Thread Killer Premium Member

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    I don't know why this reminded me so much of Gary Bettman.... a basketball guy who lost to David Stern for commissioner there, then "settled" on hockey... and then running the league asunder. How he still has that job is almost as amazing as how Roger Goodell still has his.

    It can't be as bad as::

    [​IMG] or [​IMG]
     
  27. Apollo

    Apollo Omnipotent Moron Administrator

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    Bettman. Disgusting. :shakefist:


    Fair point, there are some shockers out there, though the one on the left does sort of describe Bolton's core at this moment in time...:smackhead:
     
  28. Jon

    Jon Official Thread Killer Premium Member

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  29. Apollo

    Apollo Omnipotent Moron Administrator

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    ...and now Bolton are on the hunt for a new manager. :jlpicard:

    I genuinely feel bad for Neil Lennon in this instance. The guy was sold the idea that he would be coming into a team looking to make a push to get back into the Premier League, with cash available to spend. He's been given nothing, told the to cut the wage bill every transfer window, forced to piece together teams with free transfers and loan signings, been left struggling with a full transfer embargo once the situation reached critical mass, and cobbled together a bunch of square peg in round hole players into a squad that not only isn't pushing for a Premier League spot, but is fighting simply to remain in the Championship, with League One looking the more likely outcome. The guy got absolutely shafted, and I find that absolutely disgraceful from the club I love. Here we are now at the turn of the proverbial tide, money about to be made available, and we're casting adrift the man who has had to deal with everyone's shit, despite the fact he's had literally no alternatives than what he's done. To me, that's an absolutely shame.

    Now, of course, the manager hunt has to begin again, at a point where we should be looking for more stability and getting the embargo lifted. Phil Brown, the odds on favourite since Sports Shield announced their bid, is the man most expect to get the job he's virtually been a shoe-in for. Again, shocking that such plans would be made while Neil Lennon gets nothing. No support, no time under the new management, no chance to utilize the money that will soon become available, just absolutely dumped on and kicked out. Disgraceful. I love Bolton, but I despise this move.
     
  30. Jon

    Jon Official Thread Killer Premium Member

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    I genuinely feel sad for you, the fans.