What Really Happened To Bolton Wanderers?

What Really Happened To Bolton Wanderers? - EP2

Рет қаралды 9,497

Күн бұрын

Bolton Wanderers once was considered as one of Europe's top 50 football clubs. They dazzled the Premier League with four successive top-half finishes, securing two UEFA Cup qualifications along the way. The Trotters even locked horns with giants like Bayern Munich, Knocked out Atletico Madrid, and made a spirited charge to the 2004 League Cup final.
Yet, lurking beneath this glorious facade was a financial storm brewing, with a crippling debt nearing £200 million. With their football existence on the brink of collapse, Bolton Wanderers plunged into administration, descending to the abyss of English football's fourth tier.
Then, in 2019, a glimmer of hope with New owners emerged, when a £10 million bid and lifeline that saved the club from liquidation
So what happened to the club that once had the likes of Jay-Jay Okocha, Ivan Campo and Nicolas Anelka?. In this video, we look at the decline, mismanagement and financial turmoil, which led to Bolton's dramatic fall from grace.
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Chapters
0:00 Intro
01:11 The Prosperous Years
03:55 The Ultimate Downfall
07:16 Where are they now?
#Bolton #Boltonwanderers #football
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Пікірлер: 50

@apthomad 6 ай бұрын

Good video, painful to watch as a Bolton fan but we're in a much better place now and moving in the right direction

@rafaeldonnelly3593 6 ай бұрын

Posh fan here. This season, I think you’ll secure automatic promotion to The Championship. You’ve spent too long in League One. I’m hoping we’ll join you via the play-offs. BTW, Santos is an outstanding player. Our loss, your gain

@paulleach3612 5 ай бұрын

Santos was still far from the player he is now when we got him. Took a full season in League 2 with us (and Baptise to mentor him) before he could be relied on to command the defence and captain the team.

@rafaeldonnelly3593 5 ай бұрын

@@paulleach3612 He wasn’t a mature player at Posh. Glad he developed so well at Bolton. Guess what our last game of the season is - Posh V Bolton!

@johntaylor8356 6 ай бұрын

Good video. As a supporter of 59 years I have seen fantastic times, good times, bad times and some heart stopping horrendous times when the club was within hours of being wound up and liquidated. From what I can now see we certainly appear to be on a very sound footing with owners Football Ventures who know how to run a business and are taking the club in the right direction. A young manager who has the backing of the clubs owners and knows what he wants and also has the full backing of the supporters. A hard core fan base whose loyalty to their beloved club is nothing short of magnificent. Everyone is pulling in the same direction and for the first time in a very long time since Sam Allardyce was at the helm I am looking forward to watching my beloved Bolton Wanderers. The rise in attendance figures if nothing else proves the club is progressing in the right direction. Only the away supporters end is usually scant of backsides on seats and when visiting clubs bring a good following with them the stadium is not far from full. Onwards and upwards COYW.

@MD-cd1ww 6 ай бұрын

Bit of a stretch to say that Evatt has the full support of the fans but I agree mostly

@user-nh8re6ly1b 6 ай бұрын

What is your average attendance these days?

@stuartbaxter7494 5 ай бұрын

@@user-nh8re6ly1baverage home attendance this season is just short of 21000

@johntaylor8356 5 ай бұрын

Which trophy did you have in mind?@@user-gu4tv4hp6s

@Alex-cw3rz 6 ай бұрын

One thing that isn't mentioned and is the reason Bolton dropped to the championship that specific year, by only 2 points and this was due to players specifically rather than the management. Holden one of the star midfielders was injured for most of the season, sadly Muamba had a Cadiac arrest and had to retire. And in the tail end of the 2010 / 2011 season (the season before), Daniel Sturridge was on loan from Chelsea to Bolton with a view to sell him next season to Bolton as he wasn't used at Chelsea, then at Bolton he scored 8 goals in 12 games and therefore naturally Chelsea didn't sell him and made him one of their main strikers. Therefore the striker bolton needed and thought they were going to get, was snapped up from under them. Just one of these players would have been enough to keep them up, all 3 and they'd be closer to that 6th place spot again than relegation. You could say this was still a problem of the manager, managment and money as they should have had alternatives and better 2nds for the top players. Not to mention Bolton's defence was very poor with one of the worst keeper in the league and the defence consisting of Gary Cahill and that was it, genuinely he was worth more than the rest of Boltons defence combined.

@paulleach3612 5 ай бұрын

Losing Holden was a blow. That lad was a dynamo in midfield. Was never right again after that horror tackle at Man Utd.

@meatypatte7125 6 ай бұрын

Honestly as a fan 2017-2020 was a dark time

@EnglishAvGeekAndFooty 6 ай бұрын

I support the wanderers and thanks for making this video were on our way back.

@thejudge-kv2jk 6 ай бұрын

I thought Elmander was alright. Interesting video. I remember their team under big Sam fondly.

@chriselyr2484 5 ай бұрын

Certainly no Sarce

@paulleach3612 5 ай бұрын

He was a tremendous centre forward. Only have to watch his goal against Wolves to see that. Dunno why our manager kept putting him out on the forward wing though. Made him look duff. He was supposed to be Big Kev's replacement as our target man -which he would have excelled at - rather than in a position more suited to players like Anelka, Diouf, and Chungy.

@theboltonking4204 6 ай бұрын

Only Problem with this good vid is that it acts as if we where a small club, our highest Finish was 3rd and we had won 4 Fa cups so we where already Big

@paulleach3612 5 ай бұрын

Not been a big club since the '50s. Even as hard as it is to admit - I'm a Wanderer -we're a sleeping giant now. We could have been a big club again, had the board backed Big Sam's ambition to push for a Champions League spot. Which wasn't unfeasible, considering the talent that had been scouted by his backroom staff. We saw the likes of Cahill and Co start to arrive over the next few years. Many of which could have been brought in sooner and cheaper had Big Sam stayed.

@Alex-cw3rz 5 ай бұрын

And Bolton also scored the first ever goal in League football.

@theboltonking4204 5 ай бұрын

@@paulleach3612 ig it depends on what u class as a big club, for me we are, if we where in champion's League n stuff i would class that as being a Massive club yk but i do agree to an extent broski

@michaeljohnson5365 6 ай бұрын

The ground looks like a alien ship

@adam160908 6 ай бұрын

Maybe but you will not find a better stadium for a capacity of roughly 28000

@Alex-cw3rz 6 ай бұрын

@@adam160908 I would say it's hard to find a better one full stop, I think it's amazing looking stadium and best integration of a hotel into one as well. They are normally pretty ugly when they add some other amenity to a stadium.

@chriselyr2484 5 ай бұрын

....you were very kind to Ken Anderson...

@ryansimpsonmedia2023 6 ай бұрын

Im sure bolton never received parachute payments as these where introduced the year after relegation from the premier league, Oneil, Ameobi & Alnwick all left by mutual consent after months of unpaid wages, some players like Jason lowe stuck around Ian evatt, (E-V-E-TT)

@jabba7746 6 ай бұрын

Parachute payments where introduced in 06/07, so Bolton did get them but unfortunately got wasted.

@Alex-cw3rz 6 ай бұрын

@@jabba7746 I don't believe it got wasted, parachute payments were different back then it was just one lump sum. Keep in mind the entire point of the parachute payment is to stop clubs from spiralling due to the huge drop in revenue from Prem to Championship, in that first year Bolton didn't spiral, because of the payment. But unlike now where you have mutiple years where you get parachute payments, back then it was just one and that's not good enough. Especially for Bolton who had been in the a Prem for so long at that point.

@jabba7746 6 ай бұрын

@@Alex-cw3rz it was 2012 that we went down so it was over a few season's. I lost my job there in ticket office after the 2nd season in the championship because the financial troubles where really starting to hit then with the diminishing payments. By wasted I was referring to the amount of compensation went to sacking Coyle, paying Freedman out of Crystal Palace to only sack him just over a year later and bring in Lennon who I imagine was on a good contract. Thankfully under Sharon we've now steadied the ship and have a good young manager in Evatt. He's made a few mistakes in his time but overall he's the best manager we've had since Sam and we're now a difficult team to beat. Hopefully he keeps on going and can get us into the Championship this year. If we struggle in that leauge we need to stay behind the manager regardless after what he's done.

@Alex-cw3rz 6 ай бұрын

@@jabba7746 ah I see what you mean Yep I agree hope they open the money taps a little more though for the championship and improve our recruitment team and strategy on that front as we have had some okay-ish signings for this season, although none that would be great at championship level and the rest that were signed have not been very good.

@jabba7746 6 ай бұрын

@@Alex-cw3rz Yeah I agree, the stikers he's brought in don't look great and it's a blessing we kept hold of Dion Charles because we'd be struggling without him. Personally I would have kept Bakayoko because he always seemed to pop up with some important goals. Other than that this season Randon Williams has been fine and the lad on loan from Brentford (Paris something) has looked good in points. My biggest worry was replacing James Trafford but overall Baxter is looking promising and given he isn't on loan could be new No1 for some time. Compared to the Anderson days though where it was almost embarrassing to support the club with what was in the news it's great that the spirit and pride is back in our club.

@TheBwfcjrn 6 ай бұрын

We didnt reduce the wage bill enough when we got relegated to the championship. Signed keith andrews and alex Baptiste to big wages and we just missed out on plsyoffs. Thats when we had to reduce it, but we didnt.

@DamonJordan1984 6 ай бұрын

Good effort, but not well informed enough. Eddie Davies was a benefactor of the club, just like Abramovich was at Chelsea, so 90% of the £200m debt was paper debt only. Eddie wrote off £180m of that paper debt when he agreed to sell the club in 2016. Even though finances were mis-managed, Eddie effectively agreed to cover the costs of expensive contracts. Giving Ben Amos a £15k a week 4 year contract only 6 months before deciding to sell up would have been a noteworthy mention. The financial drain the club was having on Eddie Davies trust got too much, as the club wasn't self sufficient. The decision to sell was when the problems started, as Eddie must have felt he'd put enough into the club over the years & was effectively willing to give the club away All Eddie was looking for was that the new owners paid off the HMRC tax bill & the club was there's. This opened the door for people who had only their own interests at heart to gain ownership, which is where I thought this video would cover new ground, but has completely glossed over it.

@danieloliver4558 6 ай бұрын

The club has been well run since Sharon took over

@johnathanryan2117 6 ай бұрын

Bolton's highest ever finish in the top flight is 3rd, not 8th. They were already 127 year old in 2001 when this video seems to start, and one of the biggest names in the game from being a founder member in 1888 up until 1950s. The pertinent question , and one that has never satisfactorily answered, is how a club with a 35m debt on promotion in 2001, recieved over a decade of premier league money ans somehow managed to be worse off on relegation. It didnt all go on wages a nd fees, much of which was recouped in player trading. Ken Anderson has been nowhere to be seen since the sale. Perhaps for the best.

@liambwfc01 4 ай бұрын

Amortisation method. Then Eddie loaded the "loan" interest back on to the club as debt, therefore increasing the debt each season dramatically. Eddie Davies never had £166m net worth. It's like me lending you a fiver and telling you I want £7.50 back, you ask for an extension and I say fine, you keep the £7.50 and in time I want £12.50 back. And on, and on. Then the player purchase was amortised and increased the debt incrementally each season their contract ticked down reducing likely sale value. The prem have now put a stop to the practice after Chelsea signed half a continents worth of players this summer on amortised contracts.

@paulfleming2361 6 ай бұрын

Most of this is drivel. You can't on the one hand criticise the club for not spending more 'lacking ambition' then in the same breath warble on about terrible finances. Nor mention all the other non-big-six clubs who are mortgaging their future to stay in the EPL with turnover often less than the wage bill. ED wrote of the debt and KA took on a sustainable business but was an asset-stripper. THAT pushed the club very close to liquidation. Thankfully Sharon is probably the best owner we have ever had

@paulleach3612 5 ай бұрын

ED technically owed much of the debt to himself; writing it off wasn't as big a deal as folk might think. He did well in helping Bolton climb back into the top league, but his lack of ambition (along with Gartside) to back Big Sam in attempting to secure a CL spot cost us (as fans) almost close to everything in the long run. They thought any half decent manager could keep the club at least mid table every season...

@Alex-cw3rz 5 ай бұрын

Firstly it was different owners when it was bad finances and well then Sam was in charge, secondly The bad finances came about 5 years After Big Sam left, when he left the finances were alright. You also have to remember that the kinds of players Big Sam could attract were much better than the price for transfer would indicate, the team he created was one of the lowest cost in the entire league and we came 6th. It would have taken about 10 - 20 million to get to the champions league and do well. By 2012 10 million was just disappearing every month for pay and servicing debt. And we were spending 20 million on players that were useless.

@paulleach3612 5 ай бұрын

@@Alex-cw3rz Big Sam reckoned he could have done it for between £6 - £9 million and been competitive for that fourth spot in under 18 months. People with the purse strings thought they'd rather have better profits and just stay top half of the table with the occasional foray up into fifth or sixth. Big Sam had ambition that the owner lacked.

@Alex-cw3rz 5 ай бұрын

@@paulleach3612 wow so even less money, he was such an amazing manager. Exactly and such a shame too, so st upid of them, as we didn't even stay around 6th we then dropped to mid table and lower after Sam left with those owners.