Bolton Chairman Scoffs at Thai Takeover Talk

  • October 29, 2014 | By Chris Mann
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Bolton chairman Phil Gartside has rubbished reports linking Thai groups BEC-Tero and Siam Sport Syndicate with a takeover at Macron Stadium.

News surfaced on Monday evening that the two companies were ready to hold talks with the Wanderers hierarchy, with a view of making a £40million offer to purchase the club from current owner Eddie Davies.

Speaking to The Nation, Bryan Marcar, managing director of BEC-Tero, said: "As for the bid to take over Bolton, I must admit I have a close relationship with the club's president.

"The club has plenty of property, and most importantly, they have their own stadium, hotel and football academy.

"In terms of their financial status, they made profits between 2004 and 2006, but suffered losses since then, with their debt now standing at £150million. However, the club is willing to address this situation.

"They're quite ready in almost every aspect. That will help us benefit in many ways, especially when it comes to Thai players playing in England."

Marcar's quotes prompted much debate from Trotters supporters overnight and, when quizzed about the situation, Bolton chairman Phil Gartside admitted that while talks with a number of investors have taken place, he is unaware of any interest from Thailand.

"We have spoken to several parties who have expressed interest in investing in the club but these quotes from Thailand come as a complete surprise to me," Gartside told The Bolton News.

"Other than what has appeared this morning it is business as usual here."

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