HomeNewsFinance & MoneyFootballUnited Kingdom

Bolton avoids winding-up order and says buyer has been found

English football side Bolton Wanderers have avoided a winding-up order after the club’s owner, Ken Anderson, claimed to have agreed a last-minute deal with a buyer.

Wanderers was due to face a winding-up petition brought by Her Majesty’s Revenue and Customs this morning, but the hearing has been adjourned until April 3 after the judge was assured that Anderson is set to “imminently to conclude a sale” of his 94.5 per cent stake in the team, The Guardian reports. It is the sixth winding-up petition the embattled club has staved off in just two years.

SportBusiness reported earlier today that previous negotiations with the Football Ventures consortium, headed by Cheshire-based duo Parminder Basran and Sharon Brittan, had collapsed, leading to the club staring at administration and a 12-point deduction from their current league total.

That has now been averted. The identity of the new buyer is presently unknown, although the club’s lawyer did reveal that the buyer owns a stake in another football club and is currently divesting those assets to comply with EFL regulations about owning interests in several clubs.

Several other consortiums have been linked with a move to purchase Bolton, which was a Premier League club for over a decade between 2001 and 2012.