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.
Well this morning, Bolton Wanderers have learned the decision made by the court at a hearing on a winding up petition.
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Last month, the Championship strugglers requested and got an adjournment for two weeks as there looked to be a buyer who is willing to clear the debts of a £1.2million tax bill.
The judge wanted a payment by TODAY to avoid a winding-up order, which would leave them facing administration and a points deduction or liquidation.
Nothing has so far materialised as well as players and staff not being paid their March wages, leading to the squad striking for 48 hours this week.
Yesterday, Safety Advisory Group (SAG) withdrew Bolton Wanderers’ stadium safety certificate, which meant the club would not be able to play their home games against Ipswich on Saturday and Middlesbrough next Tuesday.
WHAT WE KNOW SO FAR AND WAS EXPECTED?
– Ken Anderson’s lawyers to argue a deal is close to completion
– According to the Bolton News, Gaspard Holdings Ltd, a local company in set up in Bolton, have claimed to have had an offer to buy the club accepted
– Bolton News’ Marc Iles said “sense another adjournment might be the best case scenario”
WHAT HAPPENED AT COURT?
Request for order, but club have requested an adjournement, NO WITNESS STATEMENT
— Lion of Vienna Suite (@LionOfViennaSte) April 3, 2019
Hilary asks for 7 days
— Lion of Vienna Suite (@LionOfViennaSte) April 3, 2019
Undisclosed party agreed terms, due diligence not completed
— Lion of Vienna Suite (@LionOfViennaSte) April 3, 2019
Hilary begging for 7 days, reading from the rule book, getting judge to sympathise with liquidation option
— Lion of Vienna Suite (@LionOfViennaSte) April 3, 2019
Depends on judge’s sympathy
— Lion of Vienna Suite (@LionOfViennaSte) April 3, 2019
Hilary admitting she’d take admin despite it not being ideal
— Lion of Vienna Suite (@LionOfViennaSte) April 3, 2019
Adjourned til 8th May
— Lion of Vienna Suite (@LionOfViennaSte) April 3, 2019
No idea how we’ve pulled that out the bag but 8th May I repeat 8th May #bwfc
— Lion of Vienna Suite (@LionOfViennaSte) April 3, 2019
Seems like buyer was present, not announced by name but had spoken with Hilary it appears whilst waiting on the case to begin #bwfc
— Lion of Vienna Suite (@LionOfViennaSte) April 3, 2019
After learning of the news, fans have taken to social media with the majority shocked at how it’s been adjourned to the 8th of May after Hilary asked for 7 days – check out what they had to say on the next page.
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