Bolton deal collapsed - club looking at liquidation this week
26 August 2019
The sale of Bolton Wanderers collapsed Saturday morning, just three days before the EFL's deadline.
If the involved parties fail to reach a compromise, the club will have their EFL membership revoked.
The new development could potentially lead to the club's liquidation and the loss of over 150 jobs.
The sale of Bolton Wanderers has collapsed just days before the EFL's deadline, with the club now looking into the abyss of liquidation.
In a statement on the club's website, Paul Appleton, joint administrator for the club, explains the breakdown.
"At 5pm on Friday, August 23, the completion of the sale of the football club and the hotel had been agreed by all parties and undertakings had been issued by all solicitors except those of Ken Anderson.
Do you want to read this article?
Get instant access by subscribing to our free weekly newsletter.
You will receive a link that unlocks the article in an email.
Passionate about football and the business behind the beautiful game?
Subscribe now to access all the latest news and exclusive industry insights from leading football finance experts.
Already a member? Login