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HMRC Hands Bolton Wanderers Winding Up Petition

Thu 10th Dec 2015 | Football Club Administration

Bolton Wanderers have been handed a winding up petition by HMRC it’s been confirmed.

The club, who are currently bottom of the SkyBet Championship, have debts of over £170m and have failed to pay its players for November after owner, Eddie Davies withdrew his financial commitemnt to the club.

A statement released by the club read:

“Bolton Wanderers can confirm that the club has now received a winding up petition from HMRC in respect of unpaid PAYE and VAT for the month of November.

“Despite requests from the club to HMRC to give it further time to either conclude a sale or raise additional funds, HMRC has proceeded with due process and duly served a petition.”  

Trevor Birch, advisor to the board and owner at Bolton Wanderers, said: “Quite clearly the club remains in a critical financial position.

“We will continue to try and finalise a sale or alternatively raise some short term funds needed to give the club a breathing space and time in which to consider its options.”

 

Posted by: Aaron Gourley

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