MX23RW : Friday, November 8 14:46:04| >> :120:29077:29077:

Administration only option for Bolton, says chairman Ken Anderson

Wanderers will face a High Court winding-up order later on Wednesday.

Bolton chairman Ken Anderson has announced he will be forced to place the club in administration.

Wanderers had hoped to complete a takeover deal with Laurence Bassini, but the former Watford owner has failed to provide proof of funding, while the club will face a High Court winding-up order later on Wednesday.

"Mr Bassini, regrettably his continued time wasting and empty promises have caused a great deal of heartache and frustration for the staff and supporters alike and now leave the Eddie Davies Trust and I with little or no choice other than for one of us to place the businesses into administration, as any likelihood of finding any resolution (in) the High Court hearing (is) not possible," Anderson said in a statement on the club's official website.

"This had been a massive disappointment to me as I understand the serious implications administration will bring to the businesses. But I have been left with no alternative, as this course of action will preserve the football club and all of its proud history."

Bolton, relegated to Sky Bet League One, were granted a second stay of execution by the High Court earlier this month.

The Sky Bet Championship outfit faced a winding-up petition on April 3 over an unpaid tax bill but the case was adjourned until May 8 to allow the proposed sale of the club to proceed.

It was the sixth time in the last 18 months that Bolton have faced a winding-up order, which is now expected to result in administration. The latest one was issued in February by HMRC over debts of £1.2million.

The cash-strapped club were unable to fulfil their final home league game of the season against Brentford after the players went on strike in protest at unpaid wages.

Wanderers and the English Football League announced last Friday that Bolton Council's Safety Advisory Group had issued a prohibition notice preventing that contest from taking place and that it would not be played at a future date.

Brentford have been awarded three points on the basis of a 1-0 win, which moved them up from 15th to 12th in the table.

The EFL said Bolton were guilty of misconduct and that there would be disciplinary proceedings taken against them.

ga('create', 'UA-72310761-1', 'auto', {'name': 'pacontentapi'});
ga('pacontentapi.set', 'referrer', location.origin);
ga('pacontentapi.set', 'dimension1', 'By Press Association Sport staff');
ga('pacontentapi.set', 'dimension2', 'a73ce1f8-6e69-4d38-bd08-e6a286478067');
ga('pacontentapi.set', 'dimension3', 'paservice:sport,paservice:sport:club-news,paservice:sport:football,paservice:sport:uk');
ga('pacontentapi.set', 'dimension6', 'story');
ga('pacontentapi.set', 'dimension7', 'composite');
ga('pacontentapi.set', 'dimension8', null);
ga('pacontentapi.set', 'dimension9', 'sport:football');
ga('pacontentapi.send', 'pageview', { 'location': location.href, 'page': (location.pathname + location.search + location.hash), 'title': 'Administration only option for Bolton, says chairman Ken Anderson'});

ID:358610: cacheID:358610:1false2false3false:QQ:: from db desktop :LenBod:restore:5851:
Restore Data
Share this article now:
General view of Bolton Wanderers' University of Bolton Stadium taken 2016
Read Next:
Brentford awarded three points for cancelled Bolton game
>
Read more about Ken Anderson Football
rhs 2.0
Today's games header
FT
Bengals
34-35
Ravens
Tables header RHS
TeamPWDLFAGDPTS
1Wycombe WanderersWycombe1392231161529
2Birmingham CityBirmingham1292123111229
3Wrexham1374221101125
4Mansfield TownMansfield127322014624
5Lincoln CityLincoln137332016424
6Bolton WanderersBolton137242219323
7Huddersfield TownHuddersfield137151912722
8Barnsley136432118322
9Reading137152120122
10Stockport CountyStockport145632017321
11Exeter CityExeter126151310319
12Charlton AthleticCharlton135441514119
13Peterborough UnitedPeterborough145362526-118
14Rotherham UnitedRotherham144551416-217
15Stevenage145271015-517
16Blackpool134452125-416
17Bristol Rovers135171520-516
18Northampton TownNorthampton134361720-315
19Wigan AthleticWigan133551211114
20Leyton Orient133281118-711
21Crawley TownCrawley143291225-1311
22Cambridge UnitedCambridge123181117-610
23Shrewsbury TownShrewsbury1422101325-128
24Burton Albion130581325-125


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!