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Bolton Wanderers’ 11 year stay in the Premier League came to an end after a 2-2 draw away at Stoke. The reason we went down was simply due to a lack of consistency meaning that overall, we weren’t good enough.
Could a spell in the Championship be beneficial for the Bolton Wanderers? As of October 2011 the club were £110 million in debt and this figure continues to rise. This looks quite worrying for a team whose owner, Eddie Davies, is only worth an estimated £60 million.
As a result of this the club is looking to balance its books. A parachute fee of around £50 million and the aim of reducing the wage bill by half will come some way in fixing Bolton’s financial problems. The Wanderers took a step closer to achieving this with no less than 15 players who left the club a little over a week ago. Eleven of these players were released, with 3 returning to their parent clubs and Nigel Reo-Coker who decided to active a release clause in his contract.
Also in the past few weeks Bolton chairman, Phil Gartside, has revealed both him and the owner are fully behind manager Owen Coyle and all three of them are determined to get Bolton back in the top flight, but Is this decision a good or a bad thing? It is a bit of both really in my opinion.
On one hand Owen Coyle has to take some responsibility for the clubs poor performances last season, however, the Scotsman has proven he is more than capable to escape this league as he did with Burnley a few years ago. He has shown a lot of promise as a manager, he is young and he worked wonders with Bolton in the 2010/11 campaign.
On to transfers, out of the players released Ivan Klasnic and Gretar Steinsson are the only two who would have featured in the approving season and these two can be replaced with younger players. Also Ryo Miyaichi has shown an interest in returning to the Reebok on another loan period, the young lad showed some potential in the half a season he was here from Arsenal.
As always there are some ridiculous transfer stories and the one that stands out is Jordan Rhodes to Bolton. With a number of Premier League clubs interested in him, this rumour is one of those. Other rumours include Adam Clayton from Leeds on a free transfer. I’ve not seen too much of Clayton but the little bit I have tells me he would be a great signing for us.
Bolton are also in need of a new centre back after David Wheater was ruled out for 9 months, it’s pretty much guaranteed there will be a defender arriving. A few names have been thrown around, one being Rhys Williams (Middlesbrough) who Owen Coyle tried signing in the January transfer window but was unsuccessful.
There is also a lot of speculation surrounding Zat Knight and Jussi Jaaskelainen. Neither of these have signed new contracts and can leave on a free if they don’t. Jaaskelainen, who has been part of the Bolton set up since as long as I can remember, is rumoured to be attracting interest from a number of clubs including newly promoted West Ham and also West Brom.
Another player who has been attracting attention is Lee Chung-Yong. The 23 year old, who is highly rated by Bolton, is being target by Trabzonspor manager Senol Gunes who was the in charge of South Korea and handed Lee his international debut. Chungy has only recently revered from breaking his leg in pre-season and made 2 appearances, both as a substitute. This means the transfer could be very risky as there is no guarantee Lee will be the player he use to be, plus the move could prove an expensive one for Trabzonspor as CYL is a great prospect. However, Lee only has only 12 months left on his current contract and maybe this could be deciding factor in him staying or leaving.
This season is a chance to rebuild the team, Owen Coyle has already stated he is after younger players to take the club forward and this could mean if the right players are brought in then Bolton Wanderers could have a bright future.
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