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Interviews

SKIPPER ON BOLTON'S FINANCIAL WOES

22 August 2019

"You’d like to think there should be help from the football family but if you start paying out well above what you are bringing in, any business is going to be in danger”

Luke Chambers says he’s surprised clubs haven’t dropped out of the Football League before through financial reasons.

Bury face expulsion from the League tomorrow if they don’t prove to the authorities that they have funds in place to continue to operate and pay off reported debts of £2m.

If the club is withdrawn from the League, only three clubs will be relegated from League One at the end of the season.

Bolton are also in the grip of financial woes. They postponed their game at Doncaster on Tuesday because of welfare issues and manager Phil Parkinson and his assistant, Steve Parkin, resigned last night. Academy manager, Jimmy Phillips, will be in charge when they face Town at the weekend.

“It’s well documented about Bolton’s financial problems and then you see what’s happening at Bury as well. There has been talk of them going under,” Chambo told the Club website.

“From what I have heard Bury spent a lot of money trying to get back in League One. They threw loads of money at it and that’s always dangerous. Look at the size of this club, with 24,000 coming through the gate and what did the owner lose with relegation - £9m?

“I’m surprised clubs haven’t gone out of business before. More money from the Premier League filtering down to the lower divisions would help. You’d like to think there should be help from the football family but if you start paying out well above what you are bringing in, any business is going to be in danger.”


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