Still not seen the accounts, is there a download link somewhere?

Are they publicly released anymore since the change in BL's status?

There was a DISS40 form filed at Companies House on 15 July to end the strike off action. All clear on that one.

Nothing since. Any interested party worth their salt wouldn't want anyone blabbing about immenent takeovers and the like.

As for budget. It's all down to moving players on - and some of our rubbish is quite difficult to shift.

There's always the loan market. Not ideal but that's where we are. Pot less and if no backer comes in, things can only get worse.

Pray for a miracle guys, that's all that's left.

Keeping Lennon is going to as difficult as staying up.

Here is a question, how have we lost £9.1m with virtually a squad of low paid frees or youths?

Forced to pay off some short term loans.
More going out than coming in hence the pre payment electric meter so be prepared to ask to chip in on those dark November mid week matches.
Water we tried but the fire brigade caught us out nicking water for the pitch and dobbed us in to the water board.
Plus all the usual high admin costs N.I wages insurance blah blah it goes on but adds up to more went out today than came in.

We still have a short term loan to pay back asap or we hand over the title to the secured assets and we get to pay the transfer costs for not making the payment so Warburton is obviously sharper than Phil

Barclays saw it coming and for once stopped the rot rather than beg the tax payer where as BWFC ignored it and will beg the local folk to save them.

Why has PG not done something honourable like forego his wages of over half a million ?

Fat Phil looks after himself. He's comfortable even though the club is on it's knees.

He aint going to give up anything unless someone is daft enough to put some money into the club and pays him off. It's win win for fat Phil.

So true swie
He still has just a little over 2000 of his paper shares he refused to sell to big ED when he moved in. I wonder if he thinks when a rich A Rab moves in they will be worth a fortune and give him a free pass back to the FA trough.
Funny he was on the new Wembley FA team and look how they also lost a few pennies perhaps some future generation many light years away will see the day when that monument is debt free and how far behind that will we be ?

What surprises me is he as NOT been linked with the FIFA job ,there can't be many with Gartsides credentials,

Allegedly, he might be a perfect fit.

We have to be careful. According to a recent post (See pasties post on another thread), PG has access to this site and sometimes post comments using the said Pasties name and number.

He's a dastardly fellow without doubt.

Is it true GM is on the short list of candidates for the grounds man job ?
My spies say he offered to bring with him his trusty Mountfield and the latest in composting techniques from Yorkshire with an assurance Bolton would win the Town in Bloom competition and secure a place a both Southport and Chelsea flower shows.
Phil is of the opinion that those who know horse dung know why he a front runner.

"Paying off" a short term loan doesnt affect profit

Paying off the short term loans of course affected profit as it was unauthorised and incurred penalties adding to the cost blowing the budget forecast and spend out the window hence the need to go cap in hand to the Bread factory. Now the club is at risk of losing an asset if it does not pay the short term loan it took out to cover paying the short term loan and costs associated with this robbing Peter to pay Paul.
It's money we should have paid back but had no money to pay back as we failed to make a profit adding to the losses.

Then again it should be worded as chances of making a profit.

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/

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.

http://www.google.co.uk/imgres?imgurl=http://www.voxlumiere.com/wp-content/uploads/2013/11/d.b.a-songwriters-broken-record.jpg&imgrefurl=http://www.voxlumiere.com/wp-content/uploads/2013/11/&h=603&w=627&tbnid=9gJxtfTFE-dhlM:&docid=NVdV2fWtTtHa8M&hl=en-GB&ei=CkmzVf3GDbSM7AbDsbKQAQ&tbm=isch&client=ms-android-hms-vf-gb&ved=0CCQQMygBMAFqFQoTCP3zgOru9cYCFTQG2wodw5gMEg

Ok then, il re word, paying of short term loans doesnt affect profit adversely, unless theres early repayment charges

Certainly not directly anyway, the only possible affect is opportunity costs arising due to a lack pf cash to invest

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.

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.

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.

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