Full
Radio clip already posted hours ago by Boggers - see post 6 in this thread.
[You must be registered and logged in to see this link.]If you want a look at Iles butchered and at times unintelligible summary of the
radio interview, see below -
KEN Anderson claims Wanderers have taken a big step forward in their efforts to have a transfer embargo lifted by the Football League.
Despite making 12 signings in the summer transfer window the chairman says costs have now fallen into line with the salary cap rules for League One.
The crucial next step is to submit overdue accounts for the 2015/16 season to Companies House – who could take action if they are not received by the start of next month, The Bolton News understands.
Anderson says the accounts are “ready to go” and has put part of the delay down to a change in accountants.
The club has a legal obligation to file their accounts and a viable business plan before the Football League can completely remove the embargo which has been in place since the end of last year.
“The first set of accounts are going in are from the old ownership, prepared by Deloitte, and they are not going to make pleasant reading,” Anderson said. “But John Pelling (the club’s acting financial director) could submit them today or tomorrow if we needed him to.
“I think the first thing to say is that on the playing side we have now got over one of the hurdles in the embargo - we are no longer over the salary cap,” he added. “That’s ended. Everyone has said we bought five players in on deadline day but we actually brought 12 players in over the window. To have managed to do that and still be in the embargo, we have done very well.
“There is an embargo, which we inherited when we came. I would have liked to have had it gone by now but there were factors we didn’t know when we came in.
“Over the last two months, we have a working relationship with the EFL and managed to bring players in despite the embargo. We have reduced the costs at the club and the hotel substantially without having to lay people off. It has taken longer than we expected but we have got the CEO of the FL (Shaun Harvey) here today who we’re talking to on a regular basis.
"We don’t have to ask the FL every time we bring a player in or out although I am sure they are monitoring it.”
Anderson said he has been contacted regularly by businessmen looking to invest or buy into the club and that some interest from the Far East may be followed up at a later date.
He also accepts that outside investment might be necessary to compete in the higher levels of the Championship and for a return to the Premier League and could seek to create extra shares at the club in the future to find added cash.
“We would always look to people who could bring in something other than just money,” he said.
“Money is important but we want them to bring more than that. “I probably get one call a week about (investors) trying to get involved. A lot of those people are what I call ‘tyre kickers.’ But we’ve had two or three serious people from overseas - China and Malaysia in general - who have talked to us and we have said we’re happy to meet them when they’re next in the UK.
“We are happy to do that because our aspirations are to hopefully get up this season and if we get up we know to compete with the Derbys, the Villas, the Newcastles - even when you see what Forest and Bristol City are selling players for - we need more money if we think we’re going to get back in the PL.
“I have no intention of selling my shares, the club is not for sale.”
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