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...some serious fancy dancing going on....
THE financial crisis at Bolton Wanderers has taken another worrying turn after it emerged that senior players at the club have not been paid this month.
The Bolton News understands that the Professional Footballer’s Association has been called in on behalf of around two dozen affected players, who learned the news on the eve of this evening’s crucial home league game against Brentford.
Owner Eddie Davies is desperate to sell the club, which is losing close to £1million a month. He announced last week that he would wipe off around £175m of loans to entice a prospective buyer but has put a complete stop on further funding.
Wanderers' wage bill for playing staff is currently around £16m a year, a figure that has more than halved since relegation from the Premier League in 2012.
Manager Neil Lennon was told there would be no money made available for new signings at the end of the loan window but non-footballing staff were paid mid-way through the month as normal.
Wanderers strenuously denied that job losses or even administration could be on the cards after a report on the Mail Online website on November 5.
This morning it emerged that despite paying nothing in transfers over the last 12 months that the club has shelled out close to £1m in agents' fees.
The club has just released the following statement.
"Bolton Wanderers Football Club can today, Monday 30 November, confirm that the first team playing squad are yet to receive their wages for the month of November.
"This is due to the ongoing situation surrounding the club's ownership off the field.
Trevor Birch, recently appointed as adviser to the Bolton Wanderers board and owner, said: "This is due to a short-term funding issue. We are working hard behind the scenes and hope to have this resolved in a quick and timely manner and I will be meeting the players tomorrow to update them."
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THE financial crisis at Bolton Wanderers has taken another worrying turn after it emerged that senior players at the club have not been paid this month.
The Bolton News understands that the Professional Footballer’s Association has been called in on behalf of around two dozen affected players, who learned the news on the eve of this evening’s crucial home league game against Brentford.
Owner Eddie Davies is desperate to sell the club, which is losing close to £1million a month. He announced last week that he would wipe off around £175m of loans to entice a prospective buyer but has put a complete stop on further funding.
Wanderers' wage bill for playing staff is currently around £16m a year, a figure that has more than halved since relegation from the Premier League in 2012.
Manager Neil Lennon was told there would be no money made available for new signings at the end of the loan window but non-footballing staff were paid mid-way through the month as normal.
Wanderers strenuously denied that job losses or even administration could be on the cards after a report on the Mail Online website on November 5.
This morning it emerged that despite paying nothing in transfers over the last 12 months that the club has shelled out close to £1m in agents' fees.
The club has just released the following statement.
"Bolton Wanderers Football Club can today, Monday 30 November, confirm that the first team playing squad are yet to receive their wages for the month of November.
"This is due to the ongoing situation surrounding the club's ownership off the field.
Trevor Birch, recently appointed as adviser to the Bolton Wanderers board and owner, said: "This is due to a short-term funding issue. We are working hard behind the scenes and hope to have this resolved in a quick and timely manner and I will be meeting the players tomorrow to update them."
[You must be registered and logged in to see this link.]
