Bolton Wanderers faces winding-up order as takeover talks collapse

Bolton Wanderers’ future appears extremely bleak after takeover talks ended unsuccessfully on Tuesday, less than 24 hours before the club is due in the High Court to fend off an HM Revenue & Customs winding-up order over an unpaid tax and VAT bill.

Owner Ken Anderson was understood to be in negotiations with the Football Ventures consortium, headed by Cheshire-based businessmen Parminder Basran and Sharon Brittan.

A club statement read: “Bolton Wanderers Football Club can confirm that discussions with one of the interested parties have now been mutually terminated. The club can also confirm that discussions are ongoing with other parties. A further update will be made in due course.”

If today’s (Wednesday) winding-up order is successful, Bolton could go into administration, which would lead to a 12-point deduction and all but confirm relegation from the Championship.

Bolton has successfully staved off five winding-up petitions in the last two years.