Bolton Settle Debts to Football Creditors

  • November 08, 2019 | By Chris Mann
  • URL Short URL: http://b-ac.es/bef2f

The long-term financial security of Bolton Wanderers took a step forward on Thursday, after outstanding money owed to football creditors was paid in full.

Controversy struck following the Football Ventures' successful takeover of the club in August, when it was decided players whose contracts had run over from last season - Ben Alnwick, Remi Matthews, Jason Lowe and Luke Murphy - would be paid immediately, whilst those who fell out-of-contract over the summer would be made to wait.

Prior to granting their approval of a purchase, EFL chiefs lobbied for such creditors to be settled on November 7 - a date which Football Ventures agreed to and have now adhered.

A report from administrators, filed at Companies House, showed a total just shy of £2.75million was owed, with a percentage of the remaining figure - in the region of £10million - in the process of being repaid to unsecured creditors as part of ongoing business.

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Sky Bet League One Standings

Pos Team Pld Pts
19 Accrington Stanley 17 15
20 AFC Wimbledon 17 13
21 Milton Keynes Dons 17 13
22 Southend United 17 5
23 Bolton Wanderers 14 1
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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