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Bolton Wanderers learn outcome of third court hearing – despite chairman suggesting administration

Today is once again one of the biggest days in the club’s 145-year history with the threat of liquidation and have their results removed and potentially have to reform in the non league areas of the English football pyramid.

Bolton Wanderers have discovered this morning that they have been given yet more time to sort out their finances – despite their Ken Anderson saying there was ‘little or no choice’ other than administration would mean they will be handed a 12 point penalty in League One next season and an embargo of two years.

A High Court judge has given the Championship side a fortnight until administrators are appointed.

Bolton Whites Hotel, which links up with the University of Bolton Stadium and owned by the club, also appeared in court over a separate winding-up petition which was also adjournment until 22 May.

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Anderson said in a statement on the club’s official website: “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.”

“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.”

 

Marc Iles from The Bolton News however said: “To say Wanderers are IN admin right now appears to be wrong. So the crucial message coming out of all this. BOLTON WANDERERS ARE NOT IN ADMIN. They may well be soon. But it seems the adjournment has given everyone some breathing space.”

 

After learning of the news, fans have taken to social media – check out what they had to say on the next page.

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