Media: Bolton takeover might be in trouble again as potential new owner seeks loan from PFA
18 July 2019
Bolton’s most promising prospective owner, Football Ventures, has run into trouble regarding the takeover and reportedly sought a loan from the PFA to repay its football creditors.
Media reports state that players protected under the football creditors’ rule have rejected an offer to stagger repayment of back-pay.
Players protected under the football creditors’ rule demand 100 per cent of the money they are owed up front and have rejected an offer from Bolton’s potential new owner, Football Ventures, to stagger repayment of back-pay.
According to The Bolton News, this has forced Football Ventures, a company created to buy Bolton, to reassess its day-one funding plan and a request has now been made to the Professional Footballers’ Association (PFA) to help the company meet the demands of the players.
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