Fri, 04 Dec 2015 | ADMINISTRATION
Bolton Wanderers FC are on the brink of administration, but manager Neil Lennon has said that he is confident the club will escape this fate as multiple buyers consider making a move.
Should a sale of the club not be agreed by the end of the weekend it is reported that Bolton Wanderers will plunge into administration. Sources state that neither the manager nor the players have been paid recently, which illustrates the hard financial times the Championship side has fallen on.
But Mr Lennon said on Thursday (3 December) that he is confident that will stave off administration and that a new owner will emerge in the next 48 hours. Failure to do so would leave the club with little option but to enter voluntary administration, which would bring with it a 12-point deduction and almost inevitable relegation to League One.
The manager said: "I am pretty confident that something will get done and obviously you are hoping that the people who do come in have got the future of the club at heart. I’m sure they do. I’m sure it will not be a short-term fix or anything like that."
Owner Eddie Davies is asking the potential buyers, of which there are supposedly four groups, to provide rigorous proof they will be able to fund the club in the longer term. One of the commitments they must make is an immediate £10 million cash injection into the club.
According to The Independent, potential buyers include possibly two parties from the Middle East, as well as Sports Shield Consortium, a group including the former Bolton forward Dean Holdsworth and another including former midfielder Stelios Giannakopoulos.
View businesses in administration.
An established and newly discounted catering and retail butchers in Southend-On-Sea is now available, offering a unique opportunity for those looking to enter or expand in the food industry.
FREEHOLD
This Bristol-based law practice presents a compelling opportunity with a strong track record in criminal, children, and family law matters, showcasing a diverse portfolio of publicly funded and privately paid work.
This is a terrific opportunity to take over an established and high-revenue yielding law practice in central London, with a diverse portfolio emphasising matrimonial and residential conveyancing.
30
|
Jun
|
Specialist electronics manufacturer to be acquired in £20m deal | BUSINESS SALE
Landguard Nexus Limited, a specialist electrical and electro...
30
|
Jun
|
Modella successfully price-chips WH Smith deal by at least 23 per cent | BUSINESS SALE
Back in March 2025, private investment form Modella Capital ...
30
|
Jun
|
IFA consolidator secures £14.5m facility for buy-and-build strategy | BUSINESS NEWS
Futura Financial Services Group, a consolidator of UK indepe...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.