Sports Shield Given Four Weeks to Settle BluMarble Debt

  • June 12, 2017 | By Chris Mann
  • URL Short URL: http://b-ac.es/c3a53

Sports Shield BWFC, the company owned by Dean Holdsworth, has been granted a final four weeks to settle a debt owed to BluMarble Capital Limited.

In a hearing at the High Court on Monday, a judge granted all parties until July 10 to seek a suitable arrangement which would see Holdsworth transfer his shareholding in Bolton Wanderers to co-owner Ken Anderson, a third-party, or risk losing them for nothing in exchange for BluMarble taking ownership of up to 47.5% of the club by virtue of a default on the outstanding loan.

The debt relates to a £5million loan taken out by Holdsworth's Sports Shield BWFC in March 2016, which helped finance his share of a takeover from former owner Eddie Davies. With interest accrued, reports suggest that figure may now be in excess of £7million.

BluMarble are understood to have requested the latest adjournment, as talks continue throughout the month of June and the upcoming opening of the summer transfer window.

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