Bolton Wanderers will start off the season in League One with a 12-point deduction
14 May 2019
Bolton have appointed the administrators of the club and are formally under administration.
The EFL confirmed on 13th May that Bolton Wanderers will start off their League One season with a 12-point deduction, as per EFL regulations:
EFL Regulation 12.3.1 states that “any club subject to an Insolvency Event shall be deducted 12 points.”
Bolton have formally been put into administration. The club have appointed Paul Appleton and Asher Miller of David Rubin & Partners as joint administrators of Bolton Wanderers Football & Athletic Club and Burnden Leisure Limited.
The EFL will now commence discussions with Paul Appleton and Asher Miller to attempt to achieve a long-term future for Bolton Wanderers, and Paul Appleton is hoping to be able to ensure the continued existence of the club, who are one of the founding members of the Football League.
“This has obviously been a long-running situation and it is vitally important that we quickly establish the position of both the football club and the holding company. Everybody at the club as well as the supporters need a sense of clarity and that is what I will be seeking to provide as quickly as possible,” Appleton said.
It has been a financially tough year for Bolton Wanderers. Sales have crashed, players and staff have not been paid on time, and the club has been dragged to court over a winding up order relating to £1.2 million in HMRC debt. Bolton succeeded in postponing forced financial administration by claiming a sale of the club was imminent.
But on 8th May, owner and chairman at the club, Ken Anderson, decided that there was no way out and chose to take the club into financial administration.
Bolton finished 23rd in the Championship with only 32 points and have been relegated to League One.