[Football] Fat Sam

[Easy 10]

Whilst I agree with the above

Did they ask questions when mega contracts where being handed out?

Do any fans ? We have little choice but to put trust in our clubs owners, until problems start to emerge and bills stop being paid. And by then, its usually too late.

BHA were running at an unsustainable level in the championship (119% of wages to turnover ?). Thats only now come back under control since we started getting the PL millions into the coffers. We were (are) completely reliant on TB to underwrite those losses - we have to have faith that he can do that, and thus far it seems our faith is not misplaced.

We're lucky that so far, he's shown no signs of not being able to bankroll BHA. But there but for the grace and all that.

Its a crazy, volatile industry.

 

[Neville's Breakfast]

I’ve seen a few question it, yeah and there is a big difference between offering players contracts when you have an income who have resell value than giving 9k a week wages to lower league journey men

But a lot of people on here are blaming Bolton’s demise on their spending whilst in the Premier League.
As for Bury it’s just a question of scale. The total amount of their debt doesn’t pay a transfer fee for one player in the Premier League. I’m sure resales would have been possible if they had an owner who was interested in keeping the club going.

 

[Gwylan]

I remember reading about their level of debt being north of £100million a few years ago. Being outside of the Premier League won't have helped that.

I'm sure that debt was written off. The level of debt they have now is a new one

 

[Pavilionaire]

Doesn't stop people on here having a go at Harry Redknapp.

For what it's worth - I have cynically wondered why Sam hasn't stepped in to help Bolton, not that it's his responsibility to do so. Presumably, the club is in an absolute mess but the infrastructure is there. They have the stadium and the fanbase, I can't imagine it's a club which can't be salvaged. But the financial cost of getting them on an even keel must be outrageous, I remember reading about their level of debt being north of £100million a few years ago. Being outside of the Premier League won't have helped that.

He's said that he's been approached to invest and be part of a rescue package but not even all the kickbacks in China could rescue Bolton from their predicament.

 

[Harry Wilson's tackle]

Are you seriously blaming the fans for the situation at Bury and Bolton ?

Its years of out of control spending on players contracts and salaries that have ultimately done for those clubs. Chronic financial mismanagement on an industrial scale by incompetent owners chasing success, which they could never afford to bankroll in the long term, and now its finally caught up with them.

Gigg Lane holds 11k. They'd probably need weekly crowds of 40k to make inroads into the circa £9m worth of debt thats ended up dragging them under.

Well, he's a prankster. Or troll. Allegedly FG. Who knows.

 

[Weststander]

I cannot understand why an ex manager is getting flak for poor financial management at a club.
The CEO/ Chairman and or owner should control spending on players.
I feel sorry for the fans of both clubs and hope a miracle buyer comes along but as one Bury fan said last night on the news: If we go bust, I just hope a phoenix club arises. (It happened at Wimbledon)

Exactly, I’ve always said the same every time there’s a NSC hate-fest claiming Harry Redknapp bankrupted Pompey and Brum.

Idiotic and sometimes crooked owners, often entrusting a loon CEO out of their depth (Risdale at Leeds, Storrie at Pompey), always call the financial shots. Team managers never control the cheque book.

 

[portlock seagull]

Hasn’t Fat Sam been involved in a few less than transparent morally wrong football transactions during his time I.e. part of the wider problem?

 

[NooBHA]

Outrageous to make Fat Sam a scapegoat for all of this, CEO / Chairpersons fault for constantly overspending

Exactly - Sam presided over a period of Wealth and Stability at Bolton

Their pursuit of trying to get back to the PL are the costly years and they might have got there if it wasn't for Brighton (Cryptic Message)