Bolton have been granted a further stay of execution by the High Court, while controversial former Watford chairman Laurence Bassini has been confirmed as the club’s prospective buyer.
The Championship outfit were back in court on Wednesday facing a winding-up petition over an unpaid tax bill but the case has been adjourned until May 8 to allow the proposed sale of the club to proceed.
GETTY
2
Bolton have been given extra time to pay their debts
This is the sixth time in the last 18 months that Bolton have faced a winding-up order, which could result in administration or liquidation. The latest one was issued in February by HMRC over debts of £1.2million.
Current owner Ken Anderson had refused to name the prospective buyer, but on Wednesday it was revealed to be Bassini.
The club’s barrister Hilary Stonefrost told the court: “The prospective purchaser is here.”
She added that Bassini, whose controversial tenure at Vicarage Road lasted only 13 months, “has proof of funds”.
2
Bolton chairman Ken Anderson is eager to sell the club
Mr Bassini appeared moments before Bolton’s predicament was due to be heard and disappeared immediately afterwards, only confirming his identity and intentions to talkSPORT as he got into a white Rolls-Royce.
A representative of Bolton Wanderers told the court seven days was needed for the deal to go through.
It means Bolton’s upcoming home matches against Ipswich and Middlesborough are still under threat.
Yesterday the EFL declared fans would be unable to attend the University of Bolton stadium as the club could not meet safety requirements.
Bolton’s representative told the judge he would be “aware of the effects of liquidation on a football club” and explained that in such an event its EFL membership would be lost and it would hold no attraction to a buyer.
Bassini was banned from holding a position of authority at an English Football League club for three years in 2013 for alleged financial misconduct.
He told the Telegraph he had been unfairly treated, saying: “Very shortly, I’m going to be naming and shaming and producing – that has taken me six years – the evidence to show how dishonest people were and how I was made to be a scapegoat.”
Bolton have already faced winding-up petitions over unpaid tax and VAT in the last 18 months.
They won a similar stay of execution in the High Court three years ago to allow previous owner Sports Shield BWFC to complete a last-minute takeover.
LIVE ON talkSPORT
talkSPORT is your home of live football! Here's what's coming up on talkSPORT and talkSPORT 2...
- Middlesbrough vs Bristol City (Tuesday, 7:45pm) –Â talkSPORT 2
- Accrington Stanley vs Sunderland (Wednesday 7:45pm) – talkSPORT 2
- Southampton vs Liverpool (Friday, 8pm) – talkSPORT
- Norwich vs QPR (Saturday, 12:30pm) – talkSPORT 2
- Huddersfield vs Leicester (Saturday, 3pm) – talkSPORT 2
- Manchester City vs Brighton (Saturday, 5:30pm) – talkSPORT
- Coventry vs Bristol Rovers (Sunday, 3pm) – talkSPORT 2
- Watford vs Wolves (Sunday, 4pm) – talkSPORT
Current owner Anderson bought a stake in the club during that buyout and took majority control in 2017 after Sports Shield went into liquidation.
The club’s players went on strike this week for the second time in a year after staff were not paid in March.
It is the second month in a row that Bolton employees have not been paid on time.
LATEST FOOTBALL NEWS
The Championship club could be forced to play their next two home matches behind closed doors after being issued a prohibition notice by the club’s safety advisory group.
It was decided by the group that Bolton could not guarantee fans at the University of Bolton Stadium would be safe.
Tottenham Hotspur vs Manchester City, UEFA Champions League
The Championship relegation battle looks like going down to the wire Defeat at the hands of Burton left the Blues just three points above the relegation zone. BIRMINGHAM CITY. 20th place
2018-19 EFL Championship - Wikipedia
As if that wasn't enough of a reward, the quicksilver forward has now become just the tenth player in history to earn a perfect 10/10 player rating from L'Equipe - who are notoriously tough
Lucas Moura becomes 10th player ever to earn perfect L'Equipe
Liverpool boss Jurgen Klopp explains why Naby Keita and Fabinho start in midfield for Southampton clash. Liverpool can return to the top of the Premier League with a victory against Southampton
Premier League Preview show on talkSPORT looks at the Boxing
Fantasy Premier League tips: Transfer advice for Gameweek 35, including Arsenal, Manchester United, and Tottenham aces by: 161385360554578 — Talk Sport 19 Apr The Easter week is always huge for football and this one is no different with double gameweek in Fantasy Premier League.
Fantasy Premier League tips: Transfers you should make in
Liverpool target Ruben Neves raves about Jurgen Klopp's men… on Wolves' official website Liverpool target Ruben Neves has intensified speculation he could be set for a summer move to Anfield - by lavishing praise on Jurgen Klopp's men on talkSPORT 1 week ago ´Magical´ Liverpool will only improve
Liverpool hope to turn around Europa semi and - One News Page
GETTY. James Ward-Prowse and Nathaniel Chalobah trained with the England senior team. The Southampton midfielder will captain England Under-21s on his home ground tonight in a friendly against Italy.. But Ward-Prowse says training alongside the likes of England skipper Wayne Rooney this week has whetted his appetite for more of the same.
Transfer News LIVE: Man Utd, Arsenal and Liverpool gossip plus Paul Pogba latest. What Chelsea have said about the Eden Hazard deal. Chelsea will no doubt be gutted to lose their superstar
Transfer news and football gossip: Man United stars 'joke
Bolton Wanderers' home Championship game against Brentford will now not take place and the visitors will be awarded three points on the basis of a 1-0 victory, the English Football League (EFL
Bolton Wanderers latest: Brentford awarded three points as
England's comeback victory over Croatia has seen them installed as the 9/4 favourites to win the inaugural UEFA Nations League next summer. Sky Bet have Gareth Southgate's men at the head of
UEFA Nations League: Portugal v Switzerland: Prediction, Odds
Tottenham Hotspur news: Mauricio Pochettino would take his
Assistant referee proposes to fellow assistant before match in Romania, sending crowd wild. Assistant referee proposes to fellow assistant before match in Romania, sending crowd wild.
Assistant referee proposes to other assistant referee, all
Moussa Sissoko did not realise Tottenham had advanced to the Champions League semi-finals until a member of the coaching staff informed him in the dressing room that Manchester City's last-gasp
Moussa Sissoko DIDN'T realise Spurs beat Man City - he
No comments:
Post a Comment