Bolton debt rise due to summer transfer spending

by Will Swanson. Published Thu 05 Nov 2009 11:26

Bolton Wanderers' parent company Burnden Leisure Plc has announced a £13.2million loss.

Much of the club’s rise in debt is attributed to last summer’s additions to the playing staff including club record signing Johan Elmander, Fabrice Muamba and Danny Shittu.

Chief executive Allan Duckworth said: “I think you have got to take it all in the context of a restructure, the fact we are trying to regain some stability, and I think that over a two year period we are now at the point where that has returned.

“We accept that has taken its toll but you also have to take into account we are in a major financial downturn, which has had an impact, although the main impact is likely to be this year.

“Expectations for the current year might perhaps need to be tempered. The fact we are now in a very deep recession — probably the worst economic spell we have had in many a decade — will bring its own challenges.”

---

Comments about Bolton debt rise due to summer transfer spending

There are no comments yet on Bolton debt rise due to summer transfer spending. Be the first to leave one, enter your thoughts below.