Macron Stadium

Next Game

Bolton v Derby

Saturday, 08 August 2015, 15:00

Sky Bet Ch'ship

Bolton announce rise in debts

Bolton's debt has increased to £136.5million in the last financial year - up from £110.6 million on the previous year the club announced on Monday.

Last Updated: 13/11/12 at 16:19 Post Comment

Phil Gartside: Committed to club's finances

Phil Gartside: Committed to club's finances

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

The Whites' parent company, Burnden Leisure, has recouped a considerable amount from the transfers of Gary Cahill, Ali Al Habsi and Matt Taylor but a heavy reduction in television revenue and gate receipts has taken its toll.

Owner Eddie Davies has moved to re-finance monies owed to him by the club into a long-term loan allowing them to repay the figure over a period of between two and 10 years.

Commenting on the figures, chairman Phil Gartside said: "We continue to face a tough economic climate, but we have continued to invest across the business, and for the second year we have reduced our losses.

"Key to this set of figures is the fact Eddie Davies has converted his investment in our club from short-term to long-term debt.

"It is a huge vote of confidence and underlines the on-going support and commitment he has for our club."

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

D

on't go to England at your age, you'll either be mugged or not appreciated. Or made to lump the ball long to a bloke who looks like a mascot.

megabrow (cufc)
Beckenbauer warns Schweinsteiger

F

rom the headline I presumed he meant boots, pants, jim-jams, toothbrush and paste, passport, tickets, premier inn long-term package, Scouse-English-Portuguese-German dictionary, 'How to be a 9 and 3/4' by B. Rodgers, few dozen tins of food and Evian because you can never be sure about the local food/water...

KevinBoatang
Firmino has 'everything' for PL - Willian

H

e looked like he was playing with a plastic pound shop ball in the wind against Juve, his passing was so bad.

paddy7s
Sergio Ramos: Exactly What United Need

Footer 365

Arsenal confirm signing of Petr Cech from Chelsea

Arsenal have confirmed the signing of goalkeeper Petr Cech from Chelsea for a fee of around £10m.

Man United target Bastian Schweinsteiger wants another German title

Man United target Bastian Schweinsteiger says he wants to win a fourth straight Bundesliga title with Bayern Munich.

Rangers talk to former Manchester City defender Reece Wabara

Former Manchester City youth captain Reece Wabara is in contract talks with Rangers after leaving Doncaster Rovers.

Mail Box

NB: The Transfer Window Isn't Even Open Yet

The message to most fans is not to lose your s**t before the window officially opens. Plus thoughts on Cabaye to Spurs, window conclusions and geography vs money...

Liverpool Have Surged Ahead Of United

One Manchester United fan is officially worried about Liverpool's transfer market action. Plus thoughts on England, Women's World Cup, Petr Cech and Spurs' task...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company