Increasing financial pressures at Bolton Wanderers may lead them to sell top players in the January transfer window, Bolton’s losses have more than doubled to £35.4m, their debt has increased from £64m to £93m, and the club’s wage bill rose by 14 per cent to £46.4m for the year ending 30 June. Bolton spent £15m on new recruits, with no players leaving, during that year, hence the sharp increase in the wage bill.
Increasing financial pressures at Bolton Wanderers may lead them to sell top players in the January transfer window, Bolton’s losses have more than doubled to £35.4m, their debt has increased from £64m to £93m, and the club’s wage bill rose by 14 per cent to £46.4m for the year ending 30 June. Bolton spent £15m on new recruits, with no players leaving, during that year, hence the sharp increase in the wage bill.
Chairman Phil Gartside has admitted that the club may be forced to sell England defender Gary Cahill and Swedish forward Johan Elmander (who is on 40k a week). They would want at least £15m for Cahill. Gartside commented, ‘We are carrying too many on the wage bill. Nine players are out of contract in the summer, within them heavy earners, and we’ll decide if we want to offer them new contracts.’