Bolton Wanderers Facing Immediate Administration Threat

  • September 10, 2018 | By Chris Mann
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Bolton Wanderers could be placed into administration, unless a last-ditch deal can be agreed with finance company BluMarble.

BluMarble, who helped fund Dean Holdsworth's share of a joint takeover of the club in March 2016, had been due a repayment of more than £5million by the close of business on Monday.

Wanderers chiefs were unable to strike a deal, however, prompting BluMarble to prepare insolvency paperwork which is set to be filed with the High Court in London at 10am on Tuesday.

Eddie Davies, Michael James, Brett Warburton and Barclays Bank have all been made aware of the situation, with each owed money by the Trotters themselves, and a public statement is expected from liquidation company Quantuma Limited shortly.

An official statement from Bolton chairman Ken Anderson, posted via The Bolton News, read: "I offered to repay the actual monies they loaned to Sports Shield BWFC but my offer was declined, unfortunately. A full statement will be made when appropriate."

Should the club be placed into administration, they would almost certainly be hit with an automatic 12-point deduction which would see them drop to the bottom of the Championship table.

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