Bolton Hearing Adjourned as Holdsworth Buys Club

  • February 22, 2016 | By Chris Mann
  • URL Short URL: http://b-ac.es/3dde7

Bolton Wanderers have been granted 14 days to complete a takeover by the High Court, after a deal was agreed to sell the club to Sports Shield Investments.

Wanderers officials appeared in court on Monday, contesting a winding-up order placed upon them by HM Revenue & Customs (HMRC) over unpaid VAT and PAYE tax bills amounting to more than £3million, which is gaining interest in the region of £175,000 with each passing week.

With HMRC pressing heavily for liquidation, a witness statement was received just moments prior to the hearing informing the judge of a £7.5million deal that would see the club handed over to Sports Shield, a consortium headed by former Trotters forward Dean Holdsworth.

A statement from Trevor Birch, posted on the club's official website, read: "Whilst this continues to be a challenging time for everyone associated with the club, we are confident that this adjournment will give us the necessary time to conclude a transfer of ownership of the club, subject to approval from The Football League."

Bolton will return to court on March 7, with HMRC once again hoping to put the club out of business, but, subject to Football League approval, Wanderers hope to conclude the takeover within the next five to ten days.

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