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Bolton Nuts » BWFC » Bolton Wanderers News » As chairman announces embargo progress, are Wanderers ready to step out of the shade?

As chairman announces embargo progress, are Wanderers ready to step out of the shade?

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Nat Lofthouse
Nat Lofthouse
Ken Anderson’s one regret since taking over as chairman at Wanderers is that the transfer embargo was not removed sooner.

Despite making it his number one priority back in April, Anderson has since conceded that a number of unforeseen obstacles have prevented him making good on his pledge.

Whites fans were nevertheless impressed with the amount of business done in the summer window as 12 new names were added to Phil Parkinson’s squad.

And now, as the madness of the deadline dies down, Wanderers have a chance to show they have made progress under a new regime by addressing some of the remaining financial loose ends.

“I’m reasonably happy,” Anderson said. “I’m disappointed I didn’t do what I said I would do and get us out of the embargo before this window but we’ve probably brought in as many players as if we hadn’t been. I haven’t checked, but we may well have had the most players coming in as a League One club.

“We’re no longer in breach of the salary cap, which ticks one of the boxes of the embargo. The rest now is to submit our accounts and to show we have got a sustainable business plan in place.”

Wanderers will submit accounts for 2014/15 which take into consideration money the club was losing under Eddie Davies’s ownership and as such, won’t make pretty reading.

They may also offer some insight into the reasons that majority shareholders Anderson and Dean Holdsworth have struggled to bring the club out of embargo in the last few months.

Progress on the pitch has thus far outweighed expectation but nagging concerns have persisted because of the secretive nature of the club’s discussions with the Football League and what effect it would have on their recruitment. Parkinson referred regularly to “managing the numbers”but the exact parameters Wanderers were working within remained a mystery up to and including deadline day itself.

By the time the winter window comes around, the Whites will hopefully have fulfilled Anderson’s checklist and submitted their accounts – delayed because of a cost-saving switch of accountants – along with a business plan for the rest of the season.

They may also provide some confirmation on the club’s hierarchy. Anderson and Holdsworth remain the only two listed directors, while Paul Aldridge, a vastly-experienced football administrator, remains in situ in a consultancy basis. The arrival of John Pelling, listed officially on the club’s website as “head of finance,” has been given little fanfare.

If Wanderers can establish a solid boardroom base they may well satisfy all their remaining doubters. Recent praise directed at the ownership is deserved after the year we have had at the Macron. But there is still a little way to go before normality is completely resumed.


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