0 £0.00
This item was added to your basket
Powered by
Credit Strategy homepage

Dear visitor,
You are viewing 1 of your 1 free articles


We’ve invested in our content to provide more news, analysis, features, interviews and opinions across a wide range of Credit and Financial Services. Register now to access more of the trustworthy, insightful information that’s on offer.

Register now or Login

Bolton Wanderers FC “intends to appoint administrators”

Bolton Wanderers Football Club is set to go into administration after it appeared in court over an unpaid £1.2m tax bill.

Share on LinkedInShare on TwittereCard

The high court adjourned the case until May 22 in order to give the beleaguered club time to appoint administrators. It is the sixth time in the past 18 months that Bolton has faced a winding-up petition.

 

The club will play in League One next season after it was relegated from the Championship this term. Appointing administrators would mean the team would start next season with a 12-point deduction.

 

The team’s match against Brentford on April 27 was postponed after the first-team squad went on strike over unpaid wages from March and April. Brentford was subsequently awarded a victory.

 

A takeover bid was made for the club by former Watford FC owner Laurence Bassini, but that deal is now off after he failed to provide proof of funds for the transaction.

 

In a statement on the club’s website, chairman Ken Anderson said there was “little or no option” than to appoint administrators.

 

He said: “I (have) little or no choice other than for one of us to place the businesses into administration, as any likelihood of finding any resolution the high court hearing not possible.

 

“This had been a massive disappointment to me as I understand the serious implications administration will bring to the businesses. But I have been left with no alternative, as this course of action will preserve the football club and all of its proud history.”

LATEST INDUSTRY NEWS STRAIGHT TO YOUR INBOX

READ NEXT

FRP Advisory to list on AIM

FRP Advisory to list on AIM

FCA and ICO issue joint warning on personal data

FCA and ICO issue joint warning on personal data

Administrators to close remaining Beales stores

Administrators to close remaining Beales stores

Upcoming events


Parliamentary Reception



Credit Summit

Our partners

Manolete Partners
Any Stock Buyer
Therium
Debenhams Ottaway
Nexia International
Quantuma
Credit Strategy
LinkedIn page

Member of

Did you find our website useful?

Thank you for your input

Thank you for your feedback

creditstrategy.co.uk – an online news and information service for the UK’s commercial and consumer credit industry. creditstrategy.co.uk is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Credit Strategy is committed to diversity in the workplace. @ Copyright Shard Media Group