Bolton staff reportedly told takeover has been agreed
28 March 2019
A sale is to take place in the next few days, according to local paper.
New owner has apparently provided funds to pay staff salaries this Friday.
Last week, Bolton Wanderers were given until 3rd April to clear debts after being granted a reprieve by the High Court.
According to the financially-stricken club, new buyers had been lined up to rescue them. The club provided information about a new bidder for the club, but their identity was not revealed in open court.
Now it seems that a deal is about to be agreed within the next 24 hours, according to the Bolton News. The newspaper reported that Burnden Leisure Ltd, which owns the club, has given information in an email to employees that a new owner will be in place by the weekend.
Club staff had been worried that their wages would not be paid come this Friday if the club was not sold, but the paper reported that salaries will be paid anyway since funds are being provided by the potential new owner. A fortnight ago a deal with the Football Ventures consortium collapsed, and the club faced the prospect of liquidation, but that will not happen if a deal comes through during the next few days.
New owner could mean staying in the Championship
It is no secret that Bolton Wanderers’ supporters are looking forward to having a new owner. Current owner and chairman Ken Anderson has been involved in a number of disputes with other clubs, the media and even supporters resulting in banners being put on the stadium saying “Anderson out!”
Bolton Wanderers are currently eight points adrift of safety in the Championship with eight games to play, but if a sale does not go through and the club are put under administration, they could see a 12-point deduction. This would probably mean relegation to League One.
Sam Allardyce ready to step up
The former Bolton player and manager Sam Allardyce recently said he would assist the club if the right owners wanted his help. Allardyce said he was “depressed” by the club’s financial crisis in a radio interview with Talksport radio, and said he would be interested in a boardroom position to help the club:
“The first thing is finding a consortium to take over what is a great club, with great facilities and a fantastic stadium. In terms of helping out and running it, yes it would interest me,” Allardyce said.
Bolton Wanderers have existed for 145 years and the club was one of the founder members of the Football League.