Wanderers owner rushes for sale after players contacted EFL over unpaid wages
12 March 2019
Bolton Wanderers officials expect sale to be finalised before Tuesday’s game.
Players have contacted the PFA to start proceedings with the EFL on their behalf after not getting paid.
Bolton Wanderers are on the brink of a sale, with players still needing to get their February salaries paid. The club are hoping that the sale will be completed before Tuesday’s game against Sheffield Wednesday, according to The Bolton News.
“The takeover process is progressing and all parties are working hard to reach a speedy completion. We hope to make a further statement prior to Tuesday’s game,” the club said in a statement to the newspaper.
The club’s statement came after Wanderers players released a statement to The Bolton News targeting unpopular owner Ken Anderson, who promised to pay their overdue wages yesterday had the takeover not gone through.
“We, as a group of players, feel extremely let down by Ken Anderson once again,” the players wrote in their statement.
Once finalised all outstanding salaries will be paid as a matter of urgency,” the club wrote
“We were promised on Friday that our wages and the staff wages would be paid to us by today (Monday). Unfortunately, that hasn’t happened. With no idea of when our wages will be paid our only option is to ask the PFA to take it up with the EFL and start proceedings on our behalf.”
Though, if the club manages to get their affairs in order before the end of the tax year, april 7, EFL has little room for sanctions. But if the club fails to meet EFL regulations, EFL could enforce “the Championship Club to submit, agree and adhere to a budget” and “to refuse any application by that Championship Club to register any Player or any new contract of an existing Player of that Club.”
"Salaries will be paid as a matter of urgency"
The club were quick to respond with the news of an imminent sale promising players their salaries.
“Once finalised all outstanding salaries will be paid as a matter of urgency,” the club wrote.
“We are disappointed that the players have taken this course of action; however we will continue to have ongoing dialogue with them.”
According to The Bolton News, Parminder Basran, founder and managing partner at VGC Partners, and Sharon Brittan, non-executive director of UKCloud Limited, are heading the consortium trying to buy Anderson’s majority shareholding.
Anderson previously pledged the club would make a profit in their upcoming accounts for the first time in 12 years.