Bolton Wanderers Fans Forum

You are not connected. Please login or register

Bolton Nuts » BWFC » Bolton Wanderers Banter » Happy Davies relishing ‘the best job in football’

Happy Davies relishing ‘the best job in football’

View previous topic View next topic Go down  Message [Page 1 of 1]

Norpig

avatar
John McGinlay
John McGinlay
the brassneck of this man! Lets all fall at the feet of Sir Eddie again. The fact remains he left us high and dry when he should have been fulfilling all that goes along with being a club owner. 
A reputation severely tarnished in my eyes

EDDIE Davies says he now has “the best job in the world” watching Wanderers from the directors’ box, rather than bankrolling the club.

After handing over power last year in a deal the Little Lever-born businessman claims wrote off £170million, he was made honorary life president at the Macron.

He continues to watch every home game and has been hugely impressed by the start Phil Parkinson has made in the dugout.

Freed from the financial obligations, Davies says he is enjoying his new ambassadorial position.


“The role has changed, as I explained to Ken Anderson and Dean Holdsworth, in so much as I’ve got one of the best jobs in football now because I get all the benefits of being a life president and none of the disadvantages of being an owner,” he said.

The downside to his previous position as owner?

“Having to put loads of money in.”

Davies was majority shareholder at Wanderers for 13 years, 11 of which were spent in the Premier League.

During his efforts to sell the club in 2015 he announced the vast loan which the club had accrued during his time as owner would be wiped clean – sparking a wave of gratitude from Bolton fans.

The takeover process served to tarnish that goodwill, however, with a deal not agreed until 10 minutes before the club would have been forced to file for voluntary administration in the High Court.

Financial and administrative problems inherited by Anderson and Holdsworth have made life difficult for the new ownership – the extent of which could soon be revealed in all its gory detail when the overdue accounts for 2015 are published at Companies House.

But Davies said the motivation not to allow the club to slip into administration was done with Wanderers’ historical standing in mind.

“There was a lot of argument saying it would be better if they went into administration, because we were going down anyhow and the points lost wouldn’t have made such a difference. But from an integrity point of view I wasn’t prepared to let that happen.”


Davies confirmed the amount of money written off on the sale of Wanderers, as documented in Burnden Leisure’s financial accounts, was around £170million.

Bolton chairman Ken Anderson claimed recently Davies was “unlikely” to call in a £15m loan left in the club, the fee used only as an accounting measure.

But while administration may have cleared the few external creditors – most of whom were small local businesses – and potentially opened the club up to a host of different ownership possibilities, Davies reckons the stigma attached would have been too much to bear.

“There was no choice, really, because I wasn’t going to get much back in administration,” he added in a rare interview with TalkSport radio station. “That was the hit I took really.

“It (administration) goes down in history and you don’t really want that on the club’s record.”

Asked on his thoughts of the criticism he received during the takeover process, during which the club struggled to pay staff and players on time, he added: “You can’t please all the people, all the time can you?”

Parkinson’s stabilising influence on Wanderers has also been met with enthusiasm from Davies, who is confident a return to the Championship is possible this season.

“Phil is a great manager getting great results and I have got every confidence in his ability to see us promoted,” he said.

“I think they’ve a good chance of getting promotion this season, then do a bit of consolidating again, and then push for the Premier League.


“That’s the objective for all of us in the club, to be there again.

“I don’t think we’ve got a timescale really, we’re more looking at promotion from this league.

“We have to jump that hurdle first.”

Davies shunned the limelight during the vast majority of his tenure as owner at Wanderers, leaving late chairman Phil Gartside to be the public face.

“It’s just my natural mode of rest really, I’m not a self-publicist at all.

“I just like to get my head down and get on with the job,” he added.

[You must be registered and logged in to see this link.]

Natasha Whittam

avatar
Nat Lofthouse
Nat Lofthouse
Norpig wrote:the brassneck of this man! Lets all fall at the feet of Sir Eddie again.

I bet he wanted us to beat Palace though.

Norpig

avatar
John McGinlay
John McGinlay
is this your line for the day? Get a new routine Nat

Boggersbelief

avatar
Nat Lofthouse
Nat Lofthouse
Norpig wrote:is this your line for the day? Get a new routine Nat

She's right though

Norpig

avatar
John McGinlay
John McGinlay
are you trying to make me break my vow to be nice to you boggers?

For the record i did want them to get beat so that we can concentrate on the more important task of getting promotion, and no i don't support City before one of you pipe up

Natasha Whittam

avatar
Nat Lofthouse
Nat Lofthouse
Norpig wrote:is this your line for the day? Get a new routine Nat

It's not a routine. You said you wanted Bolton to lose.

And here you are slagging a bloke off who put millions into the club.

Top fan Norpig.

wanderlust

avatar
Nat Lofthouse
Nat Lofthouse
Whichever way you stack it up ED bankrolled our best period in recent times and lost millions in the process so I won't be having a dig at him. Top bloke as far as I'm concerned.

Boggersbelief

avatar
Nat Lofthouse
Nat Lofthouse
He also sanctioned deals we couldn't afford and had us living beyond our means for years.

wanderlust

avatar
Nat Lofthouse
Nat Lofthouse
Boggersbelief wrote:He also sanctioned deals we couldn't afford and had us living beyond our means for years.
As it turned out, we could afford those deals though. The money was just added to the debt until eventually it was written off. 
We wouldn't have been able to afford them if ED had insisted on being paid but rather than close the club and liquidise the assets to pay him off, Eddie took the hit.

Natasha Whittam

avatar
Nat Lofthouse
Nat Lofthouse
Boggersbelief wrote:He also sanctioned deals we couldn't afford and had us living beyond our means for years.

Boggers, if someone paid for you to shag a different top class escort every night for 10 years, would you slag them off?

Boggersbelief

avatar
Nat Lofthouse
Nat Lofthouse
Natasha Whittam wrote:
Boggersbelief wrote:He also sanctioned deals we couldn't afford and had us living beyond our means for years.

Boggers, if someone paid for you to shag a different top class escort every night for 10 years, would you slag them off?

I would if they held me to ransom, nearly drove me out of existence and insisted on holding a £15M debt over my head.

Sluffy

avatar
Admin
wanderlust wrote:
Boggersbelief wrote:He also sanctioned deals we couldn't afford and had us living beyond our means for years.
As it turned out, we could afford those deals though. The money was just added to the debt until eventually it was written off. 
We wouldn't have been able to afford them if ED had insisted on being paid but rather than close the club and liquidise the assets to pay him off, Eddie took the hit.

Think your missing the point a little bit Lusty.

Many of the players who ultimately ED sanctioned like Amos, Davies, Pratley, etc, have contracts that extend well beyond ED's involvement as owner and are impacting massively on us still (losing £800,000 per month until the end of July!) and it is this legacy that has caused us all the grief since he put a stop to his financing of the debt under his stewardship.

I still can't understand why for instance we employed Amos on the contract we did (in terms of both wages and length of contract), whilst knowing that we couldn't afford him with Davies turning off his funding.

It simply doesn't make any sense does it?



Natasha Whittam

avatar
Nat Lofthouse
Nat Lofthouse
Boggersbelief wrote:
I would if they held me to ransom, nearly drove me out of existence and insisted on holding a £15M debt over my head.

But Davies didn't do any of that to you. He just paid for the glory days and you were there to witness it.

Boggersbelief

avatar
Nat Lofthouse
Nat Lofthouse
Natasha Whittam wrote:
Boggersbelief wrote:
I would if they held me to ransom, nearly drove me out of existence and insisted on holding a £15M debt over my head.

But Davies didn't do any of that to you. He just paid for the glory days and You were there to witness it.

Unlike Norpig

Norpig

avatar
John McGinlay
John McGinlay
i've been going since before you were born boggers but you know that already don't you?

Davies did bankroll us and yes he does deserve credit but the way he left us in the lurch and is now club president makes me sick

wanderlust

avatar
Nat Lofthouse
Nat Lofthouse
Sluffy wrote:
wanderlust wrote:
Boggersbelief wrote:He also sanctioned deals we couldn't afford and had us living beyond our means for years.
As it turned out, we could afford those deals though. The money was just added to the debt until eventually it was written off. 
We wouldn't have been able to afford them if ED had insisted on being paid but rather than close the club and liquidise the assets to pay him off, Eddie took the hit.

Think your missing the point a little bit Lusty.

Many of the players who ultimately ED sanctioned like Amos, Davies, Pratley, etc, have contracts that extend well beyond ED's involvement as owner and are impacting massively on us still (losing £800,000 per month until the end of July!) and it is this legacy that has caused us all the grief since he put a stop to his financing of the debt under his stewardship.

I still can't understand why for instance we employed Amos on the contract we did (in terms of both wages and length of contract), whilst knowing that we couldn't afford him with Davies turning off his funding.

It simply doesn't make any sense does it?



You make a fair point in terms of the legacv however relatively speaking the player contracts we were left with were small fry compared with what ED had financed previously. I'm talking about him paying for Okocha, Anelka, Dorkaeff, Hierro, Campo, Speed etc etc  all of whom would never have even considered playing for Bolton were it not for ED's money.
Those residual contracts were desperate bids by desperate managers initially to try to recreate previous success and subsequently to arrest our slide - unfortunately it was a risky strategy that failed  but I don't blame ED for that. I blame Gartside. ED was culpable to some degree but only in respect of his failure not to take PG at his word. 

He's a long way from perfect but he gave us what other clubs can only dream of and for that he deserves some respect.

rammywhite

avatar
El Hadji Diouf
El Hadji Diouf
wanderlust wrote:Whichever way you stack it up ED bankrolled our best period in recent times and lost millions in the process so I won't be having a dig at him. Top bloke as far as I'm concerned.

I'll second that. People's blindness in not recognising that ED bankrolled the good times is beyond me.
Without him we would have been where we are now- a small northern mill town team in the lower divisions for much longer than we have been. He gave us a few good years- and he paid for it.
Not you lot criticising him. He paid for it!!

terenceanne

avatar
El Hadji Diouf
El Hadji Diouf
Give Eddie credit or not for the glory days....but I would still like an explanation as to why he sold us to a group who are basically skint.  Leaving us in the boat we are now. Accounts that are beyond the auditing skills of an army of paper pushers. Now if that was the only option he had at the time then fair play. But supposedly others were interested...but didn't suit Eddie.
It's water under the bridge now...... so lets get on with it from this point. It's beating a dead horse.

Norpig

avatar
John McGinlay
John McGinlay
rammywhite wrote:
wanderlust wrote:Whichever way you stack it up ED bankrolled our best period in recent times and lost millions in the process so I won't be having a dig at him. Top bloke as far as I'm concerned.

I'll second that. People's blindness in not recognising that ED bankrolled the good times is beyond me.
Without him we would have been where we are now- a small northern mill town team in the lower divisions for much longer than we have been. He gave us a few good years- and he paid for it.
Not you lot criticising him. He paid for it!!
But did he pay it? He never had that amount of money so did he have secret backers?

wanderlust

avatar
Nat Lofthouse
Nat Lofthouse
Norpig wrote:
rammywhite wrote:
wanderlust wrote:Whichever way you stack it up ED bankrolled our best period in recent times and lost millions in the process so I won't be having a dig at him. Top bloke as far as I'm concerned.

I'll second that. People's blindness in not recognising that ED bankrolled the good times is beyond me.
Without him we would have been where we are now- a small northern mill town team in the lower divisions for much longer than we have been. He gave us a few good years- and he paid for it.
Not you lot criticising him. He paid for it!!
But did he pay it? He never had that amount of money so did he have secret backers?
All we know for certain is that the only debt the Wanderers currently have is now well documented and includes an amount said to be £15 million owed to ED. 
If that is the case then it must also be the case that whatever it cost to finance the Wanderers fantastic transfers and excesses during the Fat Sam years and beyond that was above £15 million was written off by ED.
How much that additional spend actually was and whether or not he borrowed or partnered to invest is irrelevant because the debt is written off but I could believe it was as much as £170 million as was claimed.

King Bill

avatar
David Lee
David Lee
The bloke stood up, put the money in and plugged the shortfall when it went pear shaped. 

He still turns up for home games now after everything what's happened. He's a true fan in my book. I'm sure he's got regrets about his tenure. Most of us will never know the ins and outs of his time as owner. The same will be said when KA hands us over to someone else.

ED took us to the top and we all went with him, that's the part of our history that I'll be remembering.

View previous topic View next topic Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum