Bolton Wanderers facing administration & 12-point deduction

Bolton Wanderers facing administration & 12-point deduction

Skybet offer bannerBolton Wanderers facing administration & 12-point deduction

Bolton Wanderers are facing administration this morning, according to club owner Ken Anderson. Should this happen, the Trotters could be deducted 12 points in the Championship and face the possibility of a two-year transfer embargo.

Anderson said that the club will be placed into administration following a dispute over a loan repayment. He’s claimed to have offered £4million to finance company BluMarble Capital with interest, but this is understood to have been rejected, leaving the Championship outfit in dire straights.

“I am very disappointed that Stuart Wilson and Michael Henson of BluMarble Capital Ltd have decided to reject my offer to repay the loan they originally made to the club through Sportshield Ltd and place the club in administration,” Anderson told Bolton’s club website.

Phil Parkinson’s side have enjoyed a promising start to their season.

He added: “The amount received by the club was £4m and I offered to repay this plus substantial interest. Unfortunately, this offer was rejected.

“They will now need to fund the club administration going forward, which will take a minimum of three months and will automatically put the club in a two-year transfer embargo and a minimum immediate points deduction of 12 points.

In my opinion, their actions will substantially reduce the value of the club in respect of any future sale and will make it far more difficult to find a future investor/buyer.”

Bolton currently sit eighth in the Championship after enduring a promising start to their campaign, but would fall right down to the bottom of the table on -1 points should a 12-point deduction be implemented. This would make life extremely hard for the Trotters, who have found themselves in a similar position before.

Phil Parkinson’s men could also face a two-year transfer embargo should they be placed into administration, restricting them from signing anyone for the next two seasons, again making life much harder in their battle against relegation to the third-tier.

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