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Thread: Problem with Takeover Bid.....

  1. #1
    Join Date
    Jul 2003
    Posts
    236

    Problem with Takeover Bid.....

    Reports are emerging that Sports Shield are having problems with the Football League. The problem seems to lie within the following statement.

    'With the likelihood of relegation beckoning, Football League officials explained to Holdsworth that he would need to have £15 million in reserve which would be the costly sum if the club was to be relegated and drop out the Championship.'

    This should not be a problem, one would have thought. If it is a problem we have real problems......

  2. #2
    Join Date
    Feb 2010
    Posts
    4,864

    re: Problem with Takeover Bid.....

    The problem with Bolton is that there are far too many players on big wages in fact I believe it to be £6.8 million a year. And for a club heading to the third tier of football I think it could be unsubstainable

  3. #3
    Join Date
    Jan 2009
    Posts
    9,777

    re: Problem with Takeover Bid.....

    I can see the Sports Shield takeover going t***s up and us going into administration.

  4. #4

    re: Problem with Takeover Bid.....

    Quote Originally Posted by campo21
    I can see the Sports Shield takeover going t***s up and us going into administration.
    Administration is NOT an option Campo - if it fails we will likely get wound up and that is it - Finito!

    It is the court's decision anyway, ED does not have any choice, despite his previous statements!


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