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