Call our Insolvency Law Helpline on:

02071830529

LEXLAW, 4 Middle Temple Lane, London

BWFC Winding Up Petition: Players Could be Sold for Funds

January 11 2016

Financially-troubled Bolton Wanderers could sell players to raise funds this month, admits boss Neil Lennon. The Championship club are deeply in debt and received a winding-up petition last month and have paid their players and staff late.

bolton & hmrc badge

Winding Up Threatened BWFC Could sell Players

The club have debts totalling £172.9m and owe £600,000 in unpaid tax to HMRC which resulted in the winding-up petition being issued last month. Owner Eddie Davies refuses to invest more money while the club is for sale and new financial advisor Trevor Birch talks to buyers. Bolton are also under a transfer embargo for the rest of the season after failing to submit their required accounts for the 2014-15 season.

Asked whether players will leave, Bolton boss Neil Lennon reportedly said:

“I hope not, but that may be the reality Trevor’s already stated that might be the case, but we’ll just have to wait and see. It makes a difficult job more difficult, but that’s something I can’t really touch on.”

The former Celtic manager was also asked if he will have any say on the players leaving and he replied:

“Maybe some sort of input but, again, ultimately it probably won’t be my decision, it will be the people that are looking after the future of the club.”

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.

Tags: , , , ,

The articles published on this website, current at the date of posting, are for reference purposes only and do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.

Call us on ☎ 02071830529 or email us on for more information about the specialist insolvency legal services we provide. Our team of London lawyers are based in Middle Temple adjacent to the Companies Court. We are committed to providing professional and specialist legal advice and are leading experts in cases involving winding-up petitions.