Bolton Wanderers must watch their finances, warns Dougie Freedman

Former Crystal Palace manager is keeping a close eye on the finances at Bolton

Bolton Wanderers manager Dougie Freedman maintains that the Championship club's finances are still being 'dictated to' ahead of the new season.

The North West side posted their accounts at the end of December 2013, revealing a £163million debt, and Freedman has since offloaded a host of higher earners while also utilising the loan market wherever possible.

The Trotters have only two strikers on their books, Jermaine Beckford and Craig Davies, but Freedman is optimistic ahead of the season opener away at Watford.

"We are a little bit short of numbers. I know what the fans are thinking, but I would like them to understand where we are," said Freedman.

"Cash is not king right now for us; we can't go and bully the market, we need to wait until something goes up.

"We need three attacking options. Cash is king and when you haven't got that you can't dictate the market, therefore I have got to get dictated to.

Read more Football League: Jacket puts faith in youth
Hockaday laughs off Cellino rumours
Holloway sets Millwall sights on Premier League

"So when these players come up for loan, or the price is right, or they need money to buy someone else, then I will get them.

"I am very patient and it's sometimes taken me to the wire in the past and hopefully they (the fans) understand. I'll get the right ones. We work very hard behind the scenes putting together certain ideas to get the right type of players to fit in and when they do they will help us."

Jermaine Beckford is one of only two strikers at Bolton Wanderers Despite the difficult situation, Freedman insists that he won't fall into the trap of signing players for the sake of doing so.

"The simple facts are we are not awash with money, it's been spent and was unfortunately spent before I got here," he added.

"There is a little bit of money in the pot but not the sort of money where we can go and spend £5million on a striker - other teams can.

"To explain to the fans I can go out tomorrow morning and sign certain strikers that are in the market or have moved to other clubs in the past week, but I don't think they're the right type of players.

"I believe there is still some quality out there and I will wait until the quality comes available. Sometimes that's a loan, sometimes that's the right price. But they are my targets and I owe it to the football club to get my targets in order."

Suggested Topics
Have you tried new the Independent Digital Edition apps?
Caption competition
Caption competition
Latest stories from i100
Have you tried new the Independent Digital Edition apps?

Bleacher Report

Daily Quiz
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Career Services

Day In a Page

Sepp Blatter resignation: The beginning of Fifa's long road to reform?

Does Blatter's departure mean Fifa will automatically clean up its act?

Don't bet on it, says Tom Peck
Charles Kennedy: The baby of the House who grew into a Lib Dem giant

The baby of the House who grew into a Lib Dem giant

Charles Kennedy was consistently a man of the centre-left, dedicated to social justice, but was also a champion of liberty and an opponent of the nanny-state, says Baroness Williams
Syria civil war: The harrowing testament of a five-year-old victim of this endless conflict

The harrowing testament of a five-year-old victim of Syria's endless civil war

Sahar Qanbar lost her mother and brother as civilians and government soldiers fought side by side after being surrounded by brutal Islamist fighters. Robert Fisk visited her
The future of songwriting: How streaming is changing everything we know about making music

The future of songwriting

How streaming is changing everything we know about making music
William Shemin and Henry Johnson: Jewish and black soldiers receive World War I Medal of Honor amid claims of discrimination

Recognition at long last

Jewish and black soldiers who fought in WWI finally receive medals after claims of discrimination
Beating obesity: The new pacemaker which helps over-eaters

Beating obesity

The new pacemaker which helps over-eaters
9 best women's festival waterproofs

Ready for rain: 9 best women's festival waterproofs

These are the macs to keep your denim dry and your hair frizz-free(ish)
Cycling World Hour Record: Nervous Sir Bradley Wiggins ready for pain as he prepares to go distance

Wiggins worried

Nervous Sir Bradley ready for pain as he prepares to attempt cycling's World Hour Record
Liverpool close in on Milner signing

Liverpool close in on Milner signing

Reds baulk at Christian Benteke £32.5m release clause
On your feet! Spending at least two hours a day standing reduces the risk of heart attacks, cancer and diabetes, according to new research

On your feet!

Spending half the day standing 'reduces risk of heart attacks and cancer'
With scores of surgeries closing, what hope is there for the David Cameron's promise of 5,000 more GPs and a 24/7 NHS?

The big NHS question

Why are there so few new GPs when so many want to study medicine?
Big knickers are back: Thongs ain't what they used to be

Thongs ain't what they used to be

Big knickers are back
Thurston Moore interview

Thurston Moore interview

On living in London, Sonic Youth and musical memoirs
In full bloom

In full bloom

Floral print womenswear
From leading man to Elephant Man, Bradley Cooper is terrific

From leading man to Elephant Man

Bradley Cooper is terrific