Bolton’s £11 million trail of debts to local companies, charities, other clubs and the taxman
25 July 2019
Administrators reveal Bolton made a £4 million loss in 2017/18 and owe unsecured creditors £11 million.
Prospective owner Football Ventures’ bid is worth £24 million - but administrator fees will cost £1 million.
The full scale of Bolton’s debts under Ken Anderson have been revealed by their administrators, who disclosed that Football Ventures, the company trying to buy Wanderers, has made an offer that amounts to £24 million.
Bolton, who will begin the League One season with a 12-point deduction after going into administration, owe unsecured creditors more than £11 million.
Do you want to read this article?
Get instant access by signing up for a 14-day free Premium trial
No credit card, no commitments and it will expire automatically.
You will receive a link that activates your trial in an email.
Already a standard subscriber? Upgrade here