" CHAMPIONSHIP CLUB FOR SALE FOR £1, VERY SAD "

Lets hope Cardiff City don't go this way under Vincent Tan.

Great old Club Bolton, very very sad.


Bolton Wanderers will look to go into administration if not bought in next 48 hours

Eddie Davies is asking for just £1 to assume control of Wanderers

Clubs queuing up for Bolton Wanderers players

The Bolton News:

BOLTON WANDERERS will take steps towards administration if a buyer is not found within the next 48 hours.

Staff at the Macron Stadium have been warned that the emergency measure will be taken by midweek unless one of four interested parties provide concrete evidence they have the £14million being asked to cover debts, plus provide proof they can continue to operate the club as a going concern.

The process of trading during administration will be expensive and would have to be funded by the immediate sale of assets – most notably players such as Zach Clough and Mark Davies.


Local rivals Wigan Athletic have also expressed an interest in buying the club’s training base at Euxton, which could raise around £2.5m.

The sale of offices at the Macron Stadium has raised £4m, which has been used to pay staff costs last month and also to help repay the loan from Nucleus Finance which was taken out last August.

Paying the loan, which was secured against the stadium, should make the process of selling simpler but would also give the club more control in the event of administration.


The majority of remaining debt that would be inherited by a buyer or an administrator comes in the form of director and shareholders’ loans.

Wanderers have stated publicly that Davies will waive the £180m-plus loans built up since he took control of the club in December 2003.

The Isle of Man businessman is asking for just £1 to assume control of the club – but The Bolton News understands that he still has around £3m of personal loans to the club that are not being written off.

Barclays Bank also have money tied into the deal which is secured against assets.

Trevor Birch continued to negotiate last night and it is believed he had a meeting with one of the financial backers behind the Sports Shield consortium, fronted by Dean Holdsworth.


Clubs queuing up for Bolton Wanderers players

The former Whites striker is still the front runner, although a number of other options have materialised in the last couple of weeks.

Isle of Man businessman Dennis Rodgers is believed to have introduced two consortia, one from India and another from the US, to the negotiation table.




The US-backed bid also has strong local connections in the form of ex-Bolton nightclub owner Jonathan Disley, dubbed by one national newspaper as the “King of Marbella.”

Mr Disley had a charge of fraud quashed by Preston Crown Court in April 2014 and was pictured sitting alongside Holdsworth at a recent game at the Macron Stadium but has not been involved in Sports Shield’s bid.

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Could be us - very sad .

Maybe mid table , playing shocking football with a clueless manager is better than asset stripping .

Bolton will be downhill from here

I'm not being sarcastic when I say we should count our lucky stars.

Could be us - very sad .

Maybe mid table , playing shocking football with a clueless manager is better than asset stripping .

Bolton will be downhill from here

Mike, I know some Bolton fans very well and they are at this moment in a far worse state than us. They really do have something to moan about, I do worry that we might be next.

Very sad news indeed ,One of the great old clubs ,I hope someone steps in to save them

Could be us - very sad .

Maybe mid table , playing shocking football with a clueless manager is better than asset stripping .

Bolton will be downhill from here

Mike, I know some Bolton fans very well and they are at this moment in a far worse state than us. They really do have something to moan about, I do worry that we might be next.

Buying a club for £1 as an ongoing concern can sometimes not be a concern.

Noticed how the article said a couple of other consortiums have shown interest in the last couple of weeks.

the vultures will be lined up to take everything from them ---- Wigan wants there training ground - hope someone steps in up north whose passionate enough to save them and start over again - sad that clubs get into these situations with the amount of money involved nowadays -

Pretty much was us Black Friday and when we were in court with HMRC had we not had funds to pay HMRC.

Very sad situation. Wouldn't wish it on any club or any fans.

It does worry me that it will be Cardiff City next, and let's be honest - it's not unlikely.

feel the fans pain been in their shoes as you all know the supporters saved leeds in our dark days of not having a team apart from gary Kelly I don't think their fans will turn up in their 25 thou plus each home game like the leeds fans did.sad tho..

I bet you they will do another Southampton or Swansea they will climb back up the leagues with a certain philosophy you watch.

From the Premier League to the verge of going bust. Just goes to show, you may get a shit load of money in the Premier League, but still doesnt mean you should waste it.

Always had loyal support home & away, a very sad time for the club & their fans

Could be us - very sad .

Maybe mid table , playing shocking football with a clueless manager is better than asset stripping .

Bolton will be downhill from here

Mike, I know some Bolton fans very well and they are at this moment in a far worse state than us. They really do have something to moan about, I do worry that we might be next.

If you believe some of the people who post on here they would be glad if we were next. Be careful what you wish for where Mr Tan is concerned

Modern football is shit.....clubs need to realise that wages and transfer fees are not sustainable....things have to change...

I bet you they will do another Southampton or Swansea they will climb back up the leagues with a certain philosophy you watch.

The 5p in the £ one?

I bet you they will do another Southampton or Swansea they will climb back up the leagues with a certain philosophy you watch.

The 5p in the £ one?

That's the one! The cheap and cheerful way to progress!

I bet you they will do another Southampton or Swansea they will climb back up the leagues with a certain philosophy you watch.

The 5p in the £ one?

Very, very sad, the football industry is just stupidly out of control, we are all chasing the dream, with lots of money coming into clubs, but its all going straight back out to players and their agents in crazily excessive salaries, this unrestricted flow of funds will end up killing the professional football as we know it.

Modern football is shit.....clubs need to realise that wages and transfer fees are not sustainable....things have to change...

Things aren't going to change for a long time mate. Professional football is a business sadly. And I hate bringing politics into it but it's due to capitalism . By a club on the cheap, get em promoted. Value goes up. Huw Jenkins could sell the jacks for loads

Really sad to hear that for fans and club

Could be us - very sad .

Maybe mid table , playing shocking football with a clueless manager is better than asset stripping .

Bolton will be downhill from here

Mike, I know some Bolton fans very well and they are at this moment in a far worse state than us. They really do have something to moan about, I do worry that we might be next.

yes, because vincent tan is willing to walk away from all the money he has loaned the club

come on, despite being a cretin with no respect for tradition, one thing about tan is that he will not allow the club to go into administration if it means he loses out. he cares about protecting his investment, and being an unsecured creditor with tens of millions owed is a poor position to be in.

bolton are reaping what they've sown. they have been living beyond their means for years, and overspent when they were in the championship. you can't be sorry for fans because they demand that every penny (even money they don't have) is spent on players, which is what had led to their predicament.