Bolton Wanderers Will Not Enter Administration

  • September 12, 2018 | By Chris Mann
  • URL Short URL: http://b-ac.es/daf52

Bolton Wanderers have avoided being placed into administration and will not receive a points deduction from the EFL.

Wanderers, who have battled through financial peril on numerous occasions in recent years, were at threat of administration over an unpaid loan to BluMarble amounting to a figure in the region of £5million.

Trotters chairman Ken Anderson has moved to end speculation, however, saying the sum has been repaid and that monies owed to other parties have been renegotiated on terms that will allow the club to continue operating successfully.

"Following on from all the speculation, I am pleased to confirm that the loan from BluMarble Capital Ltd has been repaid," Anderson told bwfc.co.uk.

"I am also pleased to be able to confirm that the loans to both PBP (Michael James) and Brett Warburton have been extended on better terms for the club and I am extremely grateful for the continued support, help and assistance of Michael and Brett.

"I was also able to reschedule and reduce a number of other club liabilities which in all have reduced future costs and liabilities by circa £1.5m and will be of great assistance to the club going forward.

"As previously stated, I believe the club now has one of the lowest debt positions in the Championship.

"I am also pleased to confirm that the club did not go into administration and there are no points deductions or embargo implications.

"I fully appreciate and understand that the last couple of days have caused some consternation for you all, and I would like to apologise for that, but the whole process has been very complex and far from easy.

"We can all now put this behind us and move onwards and get fully behind the team as they look to continue their excellent start to the campaign when they return to the University of Bolton Stadium on Saturday for the game against QPR.

"I would like to thank you all for your patience and we can all look forward to a season of progress both on and off the pitch."

Football betting site Betway

Sky Bet League One Standings

Pos Team Pld Pts
19 Rochdale 34 36
20 AFC Wimbledon 35 35
21 Tranmere Rovers 34 32
22 Southend United 35 19
23 Bolton Wanderers 34 14
View Full Standings >>

Poll

Who is Bolton's 2018/19 Player of the Year?
34.62% Gary O'Neil
19.38% David Wheater
18.92% Pawel Olkowski
9.27% Joe Williams
5.33% Jason Lowe
4.13% Sammy Ameobi
2.85% Josh Magennis
2.75% Mark Beevers
1.19% Jack Hobbs
1.01% Ben Alnwick
0.28% Andrew Taylor
0.28% Craig Noone