Bolton Wanderers Clear Debt Owed to HMRC

  • March 17, 2016 | By Chris Mann
  • URL Short URL: http://b-ac.es/e63bf

Bolton Wanderers have confirmed VAT and PAYE tax bills amounting to more than £3million have been settled with HM Revenue & Customs.

Wanderers were issued with a winding-up petition in December and have appeared at the High Court in London on three separate occasions, facing a very real threat of liquidation.

Their most recent appearance, on March 7, was adjourned, with a judge warning the club that they were on their final warning and had to clear the balance ahead of next Monday's hearing.

Following a takeover by Sports Shield and Inner Circle, headed by former Trotters player Dean Holdsworth, the club have now confirmed all outstanding payments have been made to HMRC and they expect the winding-up petition against their name to be lifted when they return to court.

A statement, posted on the club's official website, read: "Bolton Wanderers can announce that the club has today, Thursday 17 March, settled all overdue payments with HMRC.

"As a result Bolton Wanderers now expects the winding up petition against the club to be lifted in the High Court on Monday.

"The club would like to thank all supporters and staff for their continued backing and effort during what has been a challenging period."

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