Bolton have been granted a further stay of execution by the High Court, while controversial former Watford chairman Laurence Bassini has been confirmed as the club’s prospective buyer.
The Championship outfit were back in court on Wednesday facing a winding-up petition over an unpaid tax bill but the case has been adjourned until May 8 to allow the proposed sale of the club to proceed.
GETTY
2
Bolton have been given extra time to pay their debts
This is the sixth time in the last 18 months that Bolton have faced a winding-up order, which could result in administration or liquidation. The latest one was issued in February by HMRC over debts of £1.2million.
Current owner Ken Anderson had refused to name the prospective buyer, but on Wednesday it was revealed to be Bassini.
The club’s barrister Hilary Stonefrost told the court: “The prospective purchaser is here.”
She added that Bassini, whose controversial tenure at Vicarage Road lasted only 13 months, “has proof of funds”.
2
Bolton chairman Ken Anderson is eager to sell the club
Mr Bassini appeared moments before Bolton’s predicament was due to be heard and disappeared immediately afterwards, only confirming his identity and intentions to talkSPORT as he got into a white Rolls-Royce.
A representative of Bolton Wanderers told the court seven days was needed for the deal to go through.
It means Bolton’s upcoming home matches against Ipswich and Middlesborough are still under threat.
Yesterday the EFL declared fans would be unable to attend the University of Bolton stadium as the club could not meet safety requirements.
Bolton’s representative told the judge he would be “aware of the effects of liquidation on a football club” and explained that in such an event its EFL membership would be lost and it would hold no attraction to a buyer.
Bassini was banned from holding a position of authority at an English Football League club for three years in 2013 for alleged financial misconduct.
He told the Telegraph he had been unfairly treated, saying: “Very shortly, I’m going to be naming and shaming and producing – that has taken me six years – the evidence to show how dishonest people were and how I was made to be a scapegoat.”
Bolton have already faced winding-up petitions over unpaid tax and VAT in the last 18 months.
They won a similar stay of execution in the High Court three years ago to allow previous owner Sports Shield BWFC to complete a last-minute takeover.
LIVE ON talkSPORT
talkSPORT is your home of live football! Here's what's coming up on talkSPORT and talkSPORT 2...
- Middlesbrough vs Bristol City (Tuesday, 7:45pm) –Â talkSPORT 2
- Accrington Stanley vs Sunderland (Wednesday 7:45pm) – talkSPORT 2
- Southampton vs Liverpool (Friday, 8pm) – talkSPORT
- Norwich vs QPR (Saturday, 12:30pm) – talkSPORT 2
- Huddersfield vs Leicester (Saturday, 3pm) – talkSPORT 2
- Manchester City vs Brighton (Saturday, 5:30pm) – talkSPORT
- Coventry vs Bristol Rovers (Sunday, 3pm) – talkSPORT 2
- Watford vs Wolves (Sunday, 4pm) – talkSPORT
Current owner Anderson bought a stake in the club during that buyout and took majority control in 2017 after Sports Shield went into liquidation.
The club’s players went on strike this week for the second time in a year after staff were not paid in March.
It is the second month in a row that Bolton employees have not been paid on time.
LATEST FOOTBALL NEWS
The Championship club could be forced to play their next two home matches behind closed doors after being issued a prohibition notice by the club’s safety advisory group.
It was decided by the group that Bolton could not guarantee fans at the University of Bolton Stadium would be safe.
Naby Keita wears Liverpool kit as he rips medical aid off injured thigh to celebrate Barcelona comeback historic Champions League comeback but no celebration was more heart-warming than Naby
Naby Keita wears Liverpool kit as he rips medical aid off
Man Utd stars including £500k-a-week Sanchez LOSE 25% of their wages as they miss out on top four spot… and failure costs Pogba £1.8MILLION qualification bonus
Eden Hazard is clawing for a move away from Chelsea and Antoine Griezmann has released another video clip. It can only mean one thing; the transfer window is open for business once more. This
From Pogba to Bale, Hazard to Griezmann: The top 50 summer
Laurence Bassini EXCLUSIVE: Bolton buyer reveals Ken Anderson stumbling blocks in takeover deal; Transfer news and football gossip: Chelsea and Arsenal approach Insigne, Man United scout Barella, Tottenham's Christian Eriksen 'agrees' to join Real Madrid
Bill Callahan announces first new album in six years
gistjunction.com/2019/05/02/bill-callahan-announces-first-new-album-in-six-years-shepherd-in-a-sheepskin-vest/
At last, the Bill Callahan drought has ended. The beloved folk troubadour has announced his return, and fans will only have to wait a month to hear what he's been working on.
Danny Rose wants to make Tottenham's new stadium a 'fortress'. Spurs are unbeaten at the £1billion structure, winning their two matches there against Crystal Palace and Manchester City having moved in earlier this month. A 1-0 victory over Manchester City came in the Champions League quarter-final first leg on Tuesday.
Tottenham's stadium architect on working with Danny Levy
May 15, 2019 · (CNN)An Australian sportsman has become the country's first professional male soccer player to come out as openly gay. In a lengthy post published on the Professional Footballers Australia's (PFA
Former Newcastle Jet becomes first out gay male Australian
Naby Keita will not play in the Champions League final on Saturday as he has been ruled out with a groin injury. The midfielder limped out of Liverpool's semi-final first leg with Barcelona and
Liverpool star ruled out of Champions League final against
Arsenal vs Newcastle confirmed team news: Pierre-Emerick Aubameyang benched, Aaron Ramsey fit to start, Granit Xhaka injured Monday, 1 April 2019 Aaron Ramsey has overcome injury to start Arsenal's clash with Newcastle - but there is no place in the starting XI for top scorer Pierre-Emerick Aubameyang.
Arsenal starting XI confirmed vs Newcastle: Koscielny, Xhaka
The Community Shield signals an early start to the season for the two sides that make it. It is traditionally held the weekend before the new campaign gets going which will be August 10 next season. And it has been confirmed that the Community Shield will be played on August 4 with kick-off at 3pm.
When is the Community Shield and who is in it? Liverpool's
Manchester United news: Paul Pogba will not stay and Zinedine Zidane is the best man to manage him, says Mido by: 161385360554578 — Talk Sport 23 May Mino Raiola will already be planning how to get Paul Pogba out of Manchester United this summer, according to former striker Mido.
News24 - Zinedine Zidane says he'll talk about Paul Pogba Man
Chelsea must 'respect' Eden Hazard's decision to join Real Madrid, club captain Cesar Azpilicueta has said. Reports in French newspaper L'Equipe claim the Belgian is close to agreeing an £
Trillionaire's stunning $6.8 billion bid - hollywoodadviser.com
hollywoodadviser.com/trillionaires-stunning-6-8-billion-bid/
Saudi Crown Prince Mohammad bin Salman is stepping up his A$6.8 billion takeover bid of Manchester United - in the hope of becoming the new owner by next season. It comes with United chiefs spending an increasing amount of time in Saudi Arabia.
Thibaut Courtois follows Eden Hazard's lead and puts Chelsea
Overseen by Harry Redknapp and assistant John Barnes, Paul Merson, Matt Le Tissier, Ray Parlour, Neil "Razor" Ruddock and David himself are challenged to regain at least a smattering of match fitness, ready to face a team of German veterans. "Yes, it was great to see all the lads," he admits. "It was like being a footballer again."
CHRISTOPHER STEVENS: Weighing in at 175st, Harry's Heroes go
The club's academy manager Ricky Duncan and under-23 boss Kevin Maher will return to their roles after taking caretaker charge of their defeat by Shrewsbury. "Both Ricky and Kevin anticipated this interim position would be short-lived. The board felt that more fundamental changes needed to be made," the Southend statement added.
Former Norwich City skipper appointed Southend boss
No comments:
Post a Comment