Bolton Wanderers receive winding up petition

20 July 2017

Update

20th July 2017

Yet again Bolton Wanderers have been issued with another winding up petition.  It really is time they sorted out their taxes!!!

They have said they are aware and are dealing with it.  In a separate announcement, Shaun McHugh has left his role as head of finance at Bolton Wanderers. His appointment to the post was first announced on 29 March 2017.  

Looks like the departure of 2 finance directors in the last few months also doesn't bode well for the firm. 

In separate news Carlisle FC have also appeared on the winding up petition list.  However this has been settled and dismissed but it still appears on the court list which is watched by journalists!  Lesson is do not let it come to actually serving a petition even if you can pay it.  

Re Bolton again... Administration is looking likely if a suitable buyer can’t be found in time, meaning the club would face a 12-point deduction. See our page on winding up petitions and football clubs for further details. 

There are several parties interested in the Bolton club, including a consortium with former striker Dean Holdsworth.

Owner of Bolton FC, Eddie Davies would write off the cub’s debt to attract a buyer but is unwilling to pay in any further money. 

Update: 11/12/2015 - Bolton FC have officially received a winding up petition for £600,000 in unpaid taxes. Financial advisor for the club, Trevor Birch, commented "We will continue to try and finalise a sale or alternatively raise some short-term funds needed to give the club breathing space and time in which to consider its options."

Categories: Winding up petition