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Bolton In Financial Trouble
Topic Started: 8 Dec 2015, 04:09 PM (344 Views)
Darlington
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Bolton are deep in the proverbial s**t and now face a winding up order from the old tax man. That along with £170m of debt could see them get -12pts if they hit administration, which really would see them down if they aren't already.

from BBC at http://www.bbc.co.uk/sport/0/football/35034077

Financially troubled Bolton expect to receive further bad news in the next few days in the form of a winding-up petition from Revenue & Customs.
Bolton owe about £600,000 in unpaid taxes and have £172.9m of debt.
The Championship's bottom club did not pay senior players in November and need £15m to get to the end of the season.
Takeover talks have been held with four parties but unless a deal is done, they face the threat of administration and a 12-point deduction.
A consortium involving former striker Dean Holdsworth is thought to be the preferred bidder, though the structure of that deal is complex and is thought to involve an element of borrowing.
Should that group not take over, and no alternative buyer is found, Bolton's financial adviser Trevor Birch would have to look at alternative options, which could see the club end up in administration.
Edited by Darlington, 8 Dec 2015, 04:09 PM.
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Clyde1998
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Even if Bolton were to get into the Premier League - which they won't do any time soon - they couldn't pay down £173m of debt. They are screwed.
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Wolfy
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The new Wimbledon have arrived.
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