A takeover of Championship outfit Bolton Wanderers has been completed, the Lancashire club have confirmed.Read the full story ›
Bolton Wanderers have been given more time to pay a £2.2 million tax bill after lawyers told a specialist judge in the High Court that "significant progress" had been made in plans to sell the club.
Tax authority officials have asked for Bolton - who slipped to the bottom of the Sky Bet Championship on Saturday after losing 2-1 at Leeds - to be wound up after complaining that the club had not paid a £2.2 million bill.
But Registrar Clive Jones refused to grant a winding-up application by HM Revenue and Customs at a High Court hearing in London on Monday.
Struggling Bolton have won a reprieve in their fight for survival after tax officials asked for the Championship club to be wound up.
Lawyers representing Bolton told a specialist judge at the High Court on Monday that efforts were being made to raise money. And Registrar Clive Jones said more evidence would be analysed at another hearing next month.
On January 18, Registrar Michael Briggs heard that Bolton owed HM Revenue and Customs £2.2million.
A Bolton spokesman indicated after that hearing that bosses were aiming to find a buyer or raise money from asset sales.
On Friday, Bolton bosses said the club's training ground had been sold to Wigan.
Bolton Wanderers can announce that the club has today been given an adjournment of 14 days by the High Court in order to conclude a deal with the Sports Shield Consortium in taking ownership of the club. Trevor Birch, advisor to the board and owner at Bolton Wanderers, said: “Whilst this continues to be a challenging time for everyone associated with the club, we are confident that this adjournment will give us the necessary time to conclude a transfer of ownership of the club, subject to approval from The Football League.
Bolton manager Neil Lennon wants his players to honour long-serving chairman Phil Gartside by staying in the Championship.
Gartside died from cancer on Wednesday at the age of 63, three months after ill health forced him to step away from his duties at the club.
I'd like to think the players would make a stand for Phil now and do something positive in his memory. And that is to survive.
We've given ourselves a foothold in the race. We've got some difficult fixtures to negotiate but there's an extra motivation now - as if we needed any more.
I know some of the players were close to Phil as well and had a great relationship with him so hopefully through all these bad times there might be something good to come out of it in terms of driving the club forward.
Wanderers will have a validation order heard on Friday as they try to push through a deal to sell a car park at the Macron StadiumRead the full story ›
Bolton have revealed their staff will not be paid on time in January as the financial crisis continues at the Macron Stadium.Read the full story ›
Non-league Eastleigh's FA Cup journey ended in a 3-2 loss at Bolton as captain Darren Pratley's second-half winner eliminated a club 53 places below Wanderers in the football pyramid.
In an enthralling third-round tie that had been snubbed for television coverage, the only side outside of the Football League still in the competition led through Joe Partington's 11th-minute opener.
At that point Neil Lennon's Championship side were facing up to the possibility of being embarrassingly dumped out of the FA Cup just a day after HM Revenue and Customs had, unsuccessfully, tried to have them liquidated in the High Court over an unpaid tax bill of £2.2million.
Cash-strapped Wanderers were given a five-week stay of execution in the court on Monday and fought back on the pitch too as goals from Gary Madine and Dean Moxey put them ahead.
And even though Kaid Mohamed levelled in first-half stoppage time, Pratley, whose 87th-minute equaliser forced this replay, proved the Spitfires' scourge again to set up a fourth-round game against Leeds.
One of English football's most historic clubs have earned a temporary reprieve in their bid to stay in business.
Financially-troubled Bolton Wanderers have avoided moves in the High Court to have the club wound up immediately while they seek new ownership to help clear their debts.
The former Premier League side - now bottom of the Championship - were given until February 22 to find a rescue scheme aimed at repaying £3 million in debts and creditors.
A two-man delegation had travelled down to London to submit a business plan to stave off voluntary administration, which triggers a 12-point deduction, at a time when the club's fortunes on and off the field are dire.
Wanderers sit 19 points from safety in English football's second tier and are virtual certainties for relegation to League One.
Bolton assistant manager Steve Walford said Neil Lennon is "very sorry" after Wanderers cleared him to stay on as manager following an internal investigation.
The Championship club announced on Tuesday that the Northern Irishman would remain in his post after they looked into allegations made about Lennon's private life in a Sunday newspaper.
Walford faced the media on Wednesday and revealed Lennon had addressed the matter with his squad and was hoping to move on from it ahead of the bottom-of-the-table clash with Rotherham on Boxing Day.
The situation with the manager now has been cleared up regarding the staff and the players; he's spoken to them and they're all behind him.
He's obviously down and very sorry for his actions. I've known Neil a long time and he'll bounce back, no danger. The players and the club are all behind him now. As far as I'm concerned, I think the matter's closed.
Championship strugglers Bolton Wanderers have received a winding up order from HMRC in relation to unpaid PAYE and VAT.Read the full story ›