Chairman: Phil Gartside
Bolton experienced losses of £35 million for the last accounting period, mainly thanks to their 75% wages-to-turnover ratio, which shows relatively weak commercial activity compared to other Premier League clubs. Any potential sale of Gary Cahill (not confirmed at the time of writing) would add to the -£3.1m transfer spend so far this season.
I do expect Bolton to dramatically reduce their losses this season but find it hard to see them achieving a break-even position just yet. To do so they would need a superb season on the pitch and would have to see attendances dramatically improve.
Profit likelihood: 4/10
Its a shame that football clubs can't fill their gounds.
The premiership may be the best league in the world but it looks bad on tv when no ones in the grounds.
Anyone who believes that thetaxman gets half of the money paid to foreign footballers (and some home growns too) is deluded. They are using offshore companies as tax shields and paying very litlle if anything back to the UK. It needs sorting and quickly. Tevez has barely paid a penny in six years in the UK.
Beyond that they are overpaid anyway. All Premiership footballers should be on a base wage of not more than £2k per week which is enough for anyone. Then they can ber paid appearance money for playing for the first team, say £25k. Players on the bench are then paid proportionate to time on the field. That'll sort them out and stop clubs hoovering up all available talent.
Time to get this all sorted.
I get annoyed when people say the premiership footballers get paid too much... they are at the pinicle of a massive sport, and just like any other business that tries to maintain tallent within its ranks, thay have to pay thier employees enough so that another employer does not snap them up.
All players are actually getting the market rate for their services... well, except for Torres.
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