Bolton Wanderers: Neil Lennon unsure about squad budget
Bolton boss Neil Lennon is unsure how many more signings he can make because of the club's financial situation.
In April, the club announced their debt had risen to £172.9m after a loss of £9.1m for the 2014 financial year.
Ben Amos, Gary Madine and Derik Osede have joined Wanderers this summer, along with youngsters Jon Ceberio and Jordan Lussey.
"It's a big challenge because we don't really know where we are in terms of what we have budget-wise," Lennon said.
The 44-year-old told BBC Radio Manchester: "We are looking at trying to get value for money, it's difficult.
"But we're hoping that we're going to be down the line with one or two deals in the next week or so, that will enhance the squad.
"A number two goalkeeper is a priority and a right-back obviously, another centre-forward and there may be one or two going the other way as well."
Bolton have forward Stephen Dobbie and right-back Lawrie Wilson on trial and both played in Tuesday's pre-season win over Oldham, while BBC Radio Manchester understands 37-year-old former England striker Emile Heskey is close to signing a new deal.
http://www.bbc.com/sport/0/football/33621341
Still no sign of white smoke
posted on 23/7/15
Then again it should be worded as chances of making a profit.
posted on 24/7/15
The Bn report Neil's eye's are wide open on the financials.
That is wide open like in a cartoon bulging extra large size eyes popping out on springs when he looks at the real state of affairs.
Does he honesty think money will be found we have been down the back of the couch and took the empties back where will it be found. I trust he knows about the fax and any from a bank in the back pocket may not be there.
Have a read for yourself
http://www.theboltonnews.co.uk/sport/wanderers/13497319.Lennon_insists_his_eyes_are_wide_open_on_Wanderers__financial_issues/
posted on 25/7/15
I think it just confirms, if any of us doubted it, that given half a chance he will be down the road heading towards another club.
Let's face it, he's got no loyalty for Bolton.
posted on 25/7/15
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posted on 25/7/15
Ok then, il re word, paying of short term loans doesnt affect profit adversely, unless theres early repayment charges
posted on 25/7/15
Certainly not directly anyway, the only possible affect is opportunity costs arising due to a lack pf cash to invest
posted on 25/7/15
We will not make a profit to affect it has increased the debt as the book show and will show a further increase in due course unless we see a miracle on the pitch and increased attendance. But and profit could be wiped out if the secured asset is removed from the books due to non payment in under a years time. There are not a lot of assets left which are not being used as security either.
posted on 26/7/15
Privately Lennon must be gutted about the snub from Leicester. I can't see Ranieri lasting so there is a positive for him. I would throw my hat in the ring for every job that comes up.
posted on 27/7/15
We seem to be getting deeper and deeper into debt no matter what cuts we make. I honestly do fear we won't have a club to support in five years if Eddie still owns it and Phil is still chairman. They're riding a sinking ship and yet insist everything is wonderful when a two year old would know better.
posted on 28/7/15
People need to understand the terms debt and equity before forming a financial opinion
Debt doesnt increase as a result of making a loss. Equity reduces as a result of making a loss.
Often, as a result of making a loss, a company may seek to borrow cash for working capital, to invest, or for any other reason, borrowing of that cash is what increases debt.
Also, quite often, a business can make a massive profit, and debts increase massively.
In short, debt amounts are not directly related to profit
The cost cutting going on at BWFC is legitimate and from what i gather quite succesful. What we need to appreciate is as costs have reduced, so has income