I know it goes against common sense thinking but I don't think BWFC's debt is a major problem.
Yes it does now clearly effect signing future players but I can't believe a £150 million debt as been built up just by bad financial management alone - people would have been shown the door a long time back if that was the case.
BWFC does have to comply with company law, so as to have its accounts independantly audited by a reputable independant company, so they must be happy enough with the size of the debt and the ability to service it and keep on trading.
No other team our size as the amount of debt we have, so we must have a unique way of financing the club.
It is my opinion that the debt is way outside Davies ability to bankroll so others must be involved.
The length of the call back of the debt - 10 years - shows that there is also no hurry for it to be repaid - so somebody clearly as money to burn.
So it simply seems to me that although the debt is huge, nobody seems to want the money back and are happy to keep paying the ongoing costs of the club - which can't be running at a profit even now.
So although I rather see Bolton to act in the way most other clubs do, with vastly better debt amounts, I somehow think the massive 'paper' debt we have, isn't the problem that it appears it should be.