Bolton Wanderers Fail To Pay Players Wages
Mon 30th Nov 2015 | Money & Finance
Bolton Wanderers have confirmed its players have not been paid for the month of November.
A statement released by the club read: “Bolton Wanderers Football Club can today, Monday 30 November, confirm that the first team playing squad are yet to receive their wages for the month of November.
“This is due to the ongoing situation surrounding the club's ownership off the field.”
Bolton, who are currently bottom of the Championship league table, have debts totalling £172.9m and are struggling to find short-term finance after the club’s owner, Eddie Davies, revealed he was unable to continue bankrolling the club.
Trevor Birch, recently appointed as adviser to the Bolton Wanderers board and owner, said: "This is due to a short-term funding issue.
“We are working hard behind the scenes and hope to have this resolved in a quick and timely manner and I will be meeting the players tomorrow to update them."
The club also revealed today that it had paid out nearly £1m in agents’ fees over the last year. According to official figures, the total amount paid to agents in the period 1 October 2014 to 30 September 2015 was £964,869.
Posted by: Aaron Gourley
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