£25Million Price Tag Placed on Bolton Wanderers

  • May 22, 2019 | By Chris Mann
  • URL Short URL: http://b-ac.es/3dea1

Bolton Wanderers have been put on the market by administrators, with valuers Hilco Global listing the club at £25million.

David Rubin & Partners, who took control of the club on May 13, claim to have received more than 30 declarations of interest in the Trotters, who will begin life in League One next season with a 12-point deduction.

As stated by The Bolton News, interested bidders must provide proof of funds, completion of the EFL's Owners' and Directors' test, as well as having their business plan ratified by all appropriate governing bodies.

The successful party will also take control of Bolton Whites Hotel, while a £25,000 charge to see the club's financial statements will be refunded upon completion of any takeover.

Paul Appleton, Joint Administrator, said: "There has been substantial interest from the moment of our appointment on May 13.

"Over 30 parties have approached us and we will now begin the process of selecting those best positioned to make a serious offer for the club.

"Speed is of the essence in this process and we are advising all those with a serious interest to provide information concurrently to the EFL in respect of their Owners' and Directors' Test in order to satisfy those demands.

"Hilco have an outstanding reputation in this market and I am confident that we will soon have whittled down the list of potential buyers in order to find the best purchaser for the club and restore the standing of Bolton Wanderers."

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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
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