Bolton takeover imminent

Former Bolton Wanderers striker Dean Holdsworth is close to a takeover of the club.  His Sports Shield group has been granted a 72-hour period of exclusivity in which to complete a buyout.

Bolton face a High Court hearing on Monday, with HM Revenue and Customs petitioning to have the club liquidated over an unpaid tax and VAT bill of about £3m.  If a takeover cannot be agreed, Bolton are expected to enter voluntary administration.

Former Bolton Wanderers striker Dean Holdsworth is close to a takeover of the club.  His Sports Shield group has been granted a 72-hour period of exclusivity in which to complete a buyout.

Bolton face a High Court hearing on Monday, with HM Revenue and Customs petitioning to have the club liquidated over an unpaid tax and VAT bill of about £3m.  If a takeover cannot be agreed, Bolton are expected to enter voluntary administration.

If Bolton enter administration, it would trigger the sale of their Euxton training base to Wigan Athletic for a fee of £2.2m.   That would enable them to continue trading in administration.  Despite the imminence of a deal, the training ground has now been sold.