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Bolton Supporters’ Trust Attempt to buy Club Following Winding up Petition

February 11 2016

Bolton Wanderers Supporters’ Trust has written a proposal to Eddie Davies in a bid to buy the struggling Championship club. Mr Davies, Bolton’s owner, has been pondering a bid from the Sports Shield consortium, led by former Bolton forward Dean Holdsworth, but no agreement has been reached.

bolton & hmrc badge

Supporters Trust Attempt to by Club

The BWST have included in the letter that they intend to “raise sufficient funding to secure the future of the club for the benefit of the supporters”. The Trotters accounts were frozen when HM Revenue and Customs issued Wanderers with a winding-up petition from HMRC due to £2.2m in unpaid tax. The club’s trip to the High Court on 18 January ended in a five-week adjournment over the matter. Bolton Wanderers, who did not pay their staff on time in January, are lounging at the bottom of the Championship table.

A statement on the Bolton Wanderers FC reportedly reads:

“We have written to the owner, Eddie Davies, we have expressed our commitment to help lead an acquisition, in conjunction with local institutions and businesses, from whom we have received a very positive response. Our objective is to raise sufficient funding to secure the future of the club for the benefit of the supporters, the community and the town. We would not engage with anyone who didn’t share our commitment to a community investment.”

Winding-up Petition Solicitors

If you have received a winding up petition our legal experts are able to provide legal advice and representation. Our team of solicitors and barristers can obtain a court adjournment; CVA’s or successfully challenge the validity of the winding up petition to ensure that the petition is dismissed, often without public advertisement.

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