A deal to take over Bolton has been completed, with the club’s administrators announcing the crisis club’s sale to Football Ventures (Whites) Limited.
Tag: Ken Anderson
Bolton have been told by their administrator that plans to shut down the club have been put on hold, the PA news agency understands.
Bolton are on the verge of liquidation after the English Football League gave their administrators 14 days to either sell the League One club or prove they can fund them for the rest of the season.
The battle to save Bolton from bankruptcy has gone into added time after the League One club’s administrators missed a 5pm deadline on Tuesday to complete a takeover by the Football Ventures consortium.
Bolton administrator Paul Appleton says the future of the club “is still in doubt” but hopes there will be a “positive outcome” before today’s 5pm deadline set by the English Football League.
Bolton are on the brink of liquidation, with their 145-year history hanging in the balance while quibbles continue over legal paperwork.
Bolton’s future is under immediate threat after a liquidation warning was issued by the club’s administrator.
Bolton face liquidation later this week unless a deal to buy the club which collapsed over the weekend can be resurrected at the 11th hour.
A winding-up petition brought against Bolton has been suspended after the club was placed into administration.
Chairman Ken Anderson and a company acting on behalf of late owner Eddie Davies’s Trust have separately filed documents to place Bolton into administration.
Bolton have been given more time to sort out their financial affairs by a judge at an Insolvency and Companies Court hearing in London on Wednesday.
Bolton chairman Ken Anderson has announced he will be forced to place the club in administration.
Bolton have been told by the English Football League they must fulfil their two outstanding league fixtures as Laurence Bassini’s proposed takeover of the Sky Bet Championship club appeared to be thrown into doubt.
Former Watford owner Laurence Bassini has agreed a deal to buy Bolton, subject to approval from the English Football League.
Bolton have been granted a further stay of execution by the High Court, while controversial former Watford chairman Laurence Bassini has been confirmed as the club’s prospective buyer.
Bolton have been granted a further stay of execution by the High Court as the club look to avoid a winding-up order.
Bolton face another day in the High Court trying to stave off a winding-up petition from HM Revenue and Customs for £1.
Bolton chairman Ken Anderson has expressed his disappointment at the players’ decision to go on strike after their wages were not paid on time for a second successive month.
A Bolton fans’ group has warned the club’s existence still hangs in the balance after they fended off a winding-up order in the High Court.
Bolton have been given two weeks to settle their debts and avoid a winding-up order, a High Court hearing in London has ruled.