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: Paul Appleton
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’s joint administrator has confirmed a ‘heads of terms’ agreement has been signed with the preferred bidder as the club edges closer to being sold.
Bolton’s joint administrator has called for patience as the club edges closer to being sold.