The bridging loan has arrived via Swift couldn't wait for Santa to pay the wages.
WANDERERS have found a last-ditch solution to their pay crisis and have informed staff that they WILL now be paid at Christmas.
The club has confirmed this morning that payment will be made to non-playing employees as normal this Friday.
The Bolton News understands that the money has not been supplied by owner Eddie Davies and raised via alternate means.
The club had been investigating short term funding solutions involving the hotel and offices but it is not clear at this time if they have been part of the solution.
More to follow
http://www.theboltonnews.co.uk/sport/wanderers/14148130.Bolton_Wanderers_staff_WILL_be_paid_this_Christmas/
Swift pay day
posted on 18/12/15
Onto Football
Oh look they got past dangerous Darren and found some money in the safe to pay players a bit avoiding a walk out allowing a player sale to start 1st Jan
posted on 18/12/15
Lennon has said in today's press conference that players will be paid at end of the month but it will be an unspecified percentage and that the PFA will pay the shortfall.
posted on 18/12/15
DFS sale starts Jan 1st
The Davies Fire Sale not to be confused with any other DFS sale.
posted on 18/12/15
Thought they were renting Euxton to Preston not selling?
posted on 18/12/15
Not me Benny I have not been party to any rumour related to Euxton. It's still there occupied by BWFC have you asked Deano or Disley maybe they jumped the gun
posted on 18/12/15
Saw it in the guardian http://www.theguardian.com/football/2015/dec/18/bolton-players-paid-administration
posted on 18/12/15
Think you'll find that's a bit of circulated gossip tacked on the end of the main story. Lets say Ed has his own thoughts on this one which may mean a buyer wishing to sell or lease it would have to have cash to provide a suitable alternative remember Ed's name is on it.
Times drifting by once they all get back to work after new year there's only two weeks before its before the only one still in fancy dress.
posted on 18/12/15
http://www.theboltonnews.co.uk/news/14156159.BREAKING__Wanderers_granted_breathing_space_by_High_Court_order/
posted on 19/12/15
The granting of protection to prevent being wound up before the court date was a foregone conclusion unless somebody let a skeleton out of the secret place. Once the loan was in the bank to pay wages and get through the fixtures until the court date with evidence of the dosh stating you are doing all possible to get the business ship shape and able to be run as a going concern while a buyer is sought should the judge decide to place us in administration on the hearing date you expect to be in a much better state thanks to the protection that and the unusual nature of the football transfer window restricting player assets being sold until January the 1st when you anticipate the sale of several player assets to commence. Have it endorsed by the PFA who are helping out and protection up to the court date is rubber stamped just like ours.
Fingers crossed the DFS sale advertised above raises enough to pay off all the pay day loans and also reducing the players monthly wage bill.
This will make the sales blurb more attractive to somebody looking to buy a football club that's within their budget. With a delay planned for expect to know our fate by early to mid Feb.
I'm sure I could streamline it dress it up as a lower league club with potential once some debt and fat is cut.gsh dg close to amenities and rail network.
posted on 22/12/15
comment by SUPERWHITEINEXILE (U2020)
posted 4 days, 6 hours ago
The club have done a reasonable job of turning the operating losses into something more manageable.
CLEGG if you think 1 million losses per month is doing a reasonable job of turning operating losses into something more manageable, you are out of your tree.
These losses and others that went before them are what have caused the club to be in the position that it is now in.
You really do need a reality check.
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Please point out where I even suggested 1 million a month losses was acceptable, and Il take ur comment seriosly