Eddie Davies Provided £5m Loan to Bolton Before Death

  • September 20, 2018 | By Chris Mann
  • URL Short URL: http://b-ac.es/5c4ea

Bolton Wanderers managed to avoid administration, in part, due to a £5million loan from former owner Eddie Davies, sanctioned just four days before his death.

The loan, known in the business world as a debenture, was handled through Davies' company - Moonshift Investments Limited - with documents publicly available at Companies House revealing all was approved on September 7, 2018.

Davies passed away during a family holiday in Portugal on September 11, and the proceeds of the loan he afforded the club were used to clear an overdue debt owed to financing company BluMarble Capital Ltd, who had left Wanderers facing the prospect of a 12-point deduction and two-year transfer embargo which would have been forced upon them in the event of administration.

In return for Davies' investment, his estate will hold control over Ken Anderson's share of the Trotters, as well as all company assets - most importantly being land at the club's Lostock training base and the University of Bolton Stadium.

Bolton Wanderers declined to comment when asked by local and national media, although a statement is expected from Anderson in due course.

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