Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Bolton Wanderers Fail To Pay Players Wages

Mon 30th Nov 2015 | Money & Finance

Bolton Wanderers have confirmed its players have not been paid for the month of November.

A statement released by the club read: “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.”

Bolton, who are currently bottom of the Championship league table, have debts totalling £172.9m and are struggling to find short-term finance after the club’s owner, Eddie Davies, revealed he was unable to continue bankrolling the club.

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."

The club also revealed today that it had paid out nearly £1m in agents’ fees over the last year. According to official figures, the total amount paid to agents in the period 1 October 2014 to 30 September 2015 was £964,869.

Posted by: Aaron Gourley

RETURN TO LATEST NEWS SECTION

SUBSCRIBE TO THE FCBUSINESS RSS FEED

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk

To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Mats Hummels Joins Juan Mata For Common Goal

Thu 17th Aug 2017 | Money & Finance

Bayern Munich and Manchester United stars unite behind Common Goal #CommonGoal World Cup winner and Bayern Munich player Mats Hummels has become the second footballer to join Common Goal , pledging 1%...

Aldershot Town Gets Financial Support From Council

Tue 15th Aug 2017 | Money & Finance

Aldershot Town Football Club has confirmed that Rushmoor Borough Council has agreed to a package of financial support for the club, including rent and rates relief, until 2021. Following on-field...

Chinese debts emphasize need for local players’ association

Thu 27th Jul 2017 | Money & Finance

FIFPro is ready to offer assistance to professional footballers in China and other parts of the world where local player associations do not yet exist. Media reports this week revealed several Chinese...

SPFL: No fresh tax scheme sanctions against Rangers

Wed 26th Jul 2017 | Money & Finance

The SPFL Board today announced, following legal advice from eminent Senior Counsel, Gerry Moynihan Q.C., that there will be no further disciplinary proceedings taken by the SPFL connected with the use...