Club is going downhill

Well here is a season ticket holder’s answer.

It was stated that an accountant says the reason Bolton Wanderers want to change the club status is so that it will be a lot easier to control.

That means that it will be less answerable as it won’t have to be open to questions about how they are getting money in and how they are spending it.

The 6,000 people who thought they were helping BWFC by giving them money in 1997 in exchange for what have turned out to be worthless B shares (£1,000 of my retirement pension) lost their money in 2003 when Gartside said the club would go to the wall if Eddie Davies wasn’t allowed to get the majority of shares in exchange for the money he had paid out to the banks to pay off interest owed by BWFC.

Davies got his way and our shares became worth 0.1p each. The only thing we got in exchange was a yearly account report and the permission to attend and vote at the yearly meetings.

We have now been asked to vote to make BWFC a private company which will take these rights away. If it is passed the only way you will know the accounts is to pay money to a company that publishes them.

We will no longer be shareholders and will have no rights to vote at the annual meeting. What is going on?

Past managers are being blamed for getting the club into its present financial mess by signing players at ridiculously high transfer fees and wages, but surely it was the chairman and the owner who rubber stamped the deals.

It is increasingly obvious, IN MY OPINION, they are no longer interested in the football club and are building up the assets in bricks and mortar ready to sell it off when the time is right.

They say they have little money for even loan players, but yet can back building schemes: “Free School Backed by Bolton Wanderers.” This football club is not only rapidly going down in the league, but also in the estimation of the majority of supporters.

Season ticket holder and disheartened fan