Bolton enter Administration


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Bolton enter Administration
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omenator Offline

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Post: #1
Bolton enter Administration

Bolton have gone into administration and will begin next season in League One with a 12-point deduction.

The club had been given two weeks to appoint to an administrator after last Wednesday's High Court appearance over an unpaid £1.2m tax bill.

They become the first English Football League side to go into administration since Aldershot Town in 2013.

Bolton said they hope the appointment of administrators "will ensure the continued existence of the club".

The appointment comes after notices of intention to appoint administrators was filed by Fildraw Limited, a company which represents the Trust of former owner Eddie Davies, last week.

Davies loaned the club £5m days before his death to help the club avoid administration in September.

Administrator Paul Appleton, of David Rubin & Partners, said: "This has obviously been a long-running situation and it is vitally important that we quickly establish the position of both the football club and the holding company.

"It has got to the stage where the Trust could not sit back and allow the club to go into liquidation. Decisive action had to be taken and the Trust believes the decision is in the best interests of Bolton Wanderers.

"Everybody at the club as well as the supporters need a sense of clarity and that is what I will be seeking to provide as quickly as possible."

The EFL said they would "commence discussions" with the administrators "with the aim of achieving a long-term future for the club".

Bolton are due back in the High Court over a winding-up petition originally brought by HM Revenue & Customs in February, which has been adjourned on three occasions, on 22 May.

The club have endured a miserable season both on and off the pitch, culminating in Wanderers finishing second bottom and being relegated to League One after two years back in the Championship.

Players are still owed wages for March and April, while the club could face further sanctions from the EFL after their final home match of the season against Brentford on 27 April was ultimately called off when the playing staff went on strike after going unpaid.

Former Watford owner Laurence Bassini had made a bid to takeover the club from controversial owner Ken Anderson, but Wanderers said the deal was off.

Bassini, who had been given 48 hours to prove to the EFL he had the funds to take over, later claimed he had control of the club, and last week told BBC Radio Manchester that he was still interested in buying Bolton amid reports that his bid was on the brink of collapse.
13th May 2019 04:25 PM
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Surreymag Offline

Youth Team
Posts: 288
Joined: Jan 2019
Post: #2
RE: Bolton enter Administration

Not nice to see clubs struggling back in the day they were a force to be reckoned with. Sad really.
13th May 2019 05:21 PM
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Tight_Ass_Bramble Offline

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Posts: 15,837
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Post: #3
RE: Bolton enter Administration

Funny how any team that Allardyce touches turns to fuck.
13th May 2019 06:20 PM
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WilloTheWimp Offline

First Team Benchwarmer
Posts: 4,512
Joined: May 2015
Post: #4
RE: Bolton enter Administration

Players still owed wages?..... How's buckwheat gonna pay for his drugs?
13th May 2019 07:00 PM
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ToonArmy1892 Offline

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Joined: Jan 2009
Post: #5
RE: Bolton enter Administration

My Auntie is from Bolton and is a Bolton fan.

Shame this.
13th May 2019 11:43 PM
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WilloTheWimp Offline

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Joined: May 2015
Post: #6
RE: Bolton enter Administration

that makes it even funnier
14th May 2019 05:29 AM
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