Bolton Chairman Responds to Winding-Up Reports

  • May 02, 2017 | By Chris Mann
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Ken Anderson has denied reports surrounding the seriousness of Bolton's financial difficulties, expressing confidence that outstanding issues will be resolved.

In the week leading up to Sunday's promotion clincher against Peterborough United, national press reports indicated Wanderers were set to appear at the High Court in May to hear a winding-up petition over an unpaid loan of more than £5million to Blumarble Capital Limited - taken out by Dean Holdsworth's parent company upon the successful takeover of the club from Eddie Davies in March 2016.

Anderson has confirmed discussions are taking place between all parties, with a positive conclusion the expected outcome, whilst also revealing the only other outstanding outlay is in the form of a mortgage on Bolton Whites Hotel.

"I've read reports that we're £25million in debt," Anderson told BBC Radio Manchester. "We aren't anywhere near that figure.

"There was a £5million loan from Blumarble made to Sports Shield BWFC, which was Dean's company. We do owe that, which is something we've got to deal with.

"There are ongoing discussions. It's not been an easy one and I can't say too much because there are lawyers involved on both sides, but I'm confident that will be resolved.

"There aren't any other loans, other than one on the hotel which was taken out before I came in and is just like having a mortgage on a house or building."

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