'Trust Sharon Brittan' - Ian Evatt's transfer selling & Bolton Wanderers business finance message

Ian Evatt insists he not been put under any pressure to sell players to help the finances at Bolton Wanderers and believes all connected with the club should have faith in the decisions chairman Sharon Brittan and the club's board make for its future.

Wanderers have been owned by Football Ventures (Whites) Limited since late August of 2019. In that time, the Whites have been relegated to League Two and won promotion back to League One and are aiming to be in the mix for the race for the Championship this campaign.

The accounts of Football Ventures were released earlier this week. It confirmed that operating loss for the 12 months ending on June 30 2021 was £517,393, a big reduction compared to nearly £3.5m reported for the previous 12 months at Wanderers.

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In terms of the financial year for the 12 months, a pre-tax loss of £1.468m was reported. However, this is a fall from the loss reported in the same set of figures for the 12 months up until the end of June 2020 which was £3.85m.

Creditors' amounts come to some £31m and loans of £2.5m and more than £7.1m are due to be repaid on or before August 1 of this year. Interest of nearly £1.7m on the second amount will be waived if this is paid by this date.

As that season took place during the 2020/21 season amid the Covid-19 pandemic and games being playd behiond closed doors, finances were invetable hit with turnover for the financial year being more than £6.1m, a drop from almost £9.4m for the 12 months up until June 2020. It meant a fall in gross profit from more than £2.8m to approaching £1.3m.

But Wanderers' parent company, which includes the football club and the hotel at