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Bolton Wanderers - Takeover Completed


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No professional 'league' club has died since 1992. North Ferriby United 'died' just last week and they were in the National League a few seasons ago and did really well in the FA Cup.

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12 minutes ago, Pyfish said:

No professional 'league' club has died since 1992. North Ferriby United 'died' just last week and they were in the National League a few seasons ago and did really well in the FA Cup.

Yep. 

It’s common in non-league football through daft ownership, however, I just cannot see a professional side going to the wall. 

 

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https://www.bbc.co.uk/sport/football/47641126

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Bolton Wanderers' High Court hearing over an unpaid tax bill of £1.2m has been adjourned until 3 April.

The Championship club, who are up for sale, received a winding-up petition from HM Revenue & Customs in February.

However, it is understood owner Ken Anderson has agreed terms with a buyer who is willing to pay off their debts.

On Tuesday, Bolton confirmed takeover talks with an interested party, believed to be the Football Ventures consortium, had ended.

 

 

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13 minutes ago, Dan said:

Which professional club died in 1992?

Was that Aldershot? 

---

Adjourned for another 14 days. Still sweating.

Rumour mill time:

A big rumour doing the rounds is that former Wanderer Stuart Holden is involved in an American consortium to buy the club! 

Also, huge calls that there's another potential bidder who is offloading shares in another football club to be allowed to purchase us. Fenerbahce's owner wanted into English football not long ago...?

THIRDLY is the point that the Basran consortium aren't fully out of it yet, despite reports of the contrary. Widely acknowledged that Sharon Brittan, wife of Pink Floyd drummer and bid partner, has been posting on one of our forums in the past few weeks (seriously!)

This is all baffling, but this much is clear: Ken has either:

-Somehow conjured a bidding war out of nothing

-Set about and disseminated the densest web of lies since the lead up to the 2003 invasion of Iraq.

God I'm fed up

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  • The title was changed to Bolton Wanderers FC: Staring Down the Barrel
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Good in the fact that it prevents the club going in to admin but only really good if it's not sold to another who doesn't properly have the best interests of the club at heart, otherwise it's just prolonging the inevitable.

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Bolton Wanderers: Players and staff are still waiting for March salaries to be paid

Bolton Wanderers players and staff are still waiting to receive their wages for March, two days after they were told a potential new owner would ensure salaries were paid on Friday.

On Wednesday owner Ken Anderson said the club could be sold "within 48 hours", but a deal is yet to be done.

February's staff wages, as well as players and coaches, were paid late.

Meanwhile, former Watford owner Laurence Bassini is in talks over a takeover, BBC Radio Manchester report.

Bassini, who took over at Vicarage Road in 2011 before selling to the Pozzo family a year later, was previously given a three-year ban from being involved in a position of authority with any English Football League in 2013.

The punishment came after he was found guilty of misconduct and dishonesty over financial dealings during his time with the club.

Bolton, who are eight points from safety in the Championship, are to appear in court again on Wednesday over a £1.2m unpaid tax bill and other debts.

They were given two weeks by the High Court on 20 March to settle their debts or risk going into administration.

Wanderers visit Queens Park Rangers on Saturday.

https://www.bbc.co.uk/sport/football/47754595

 

 

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Players take strike action at Bolton Wanderers

BOLTON Wanderers' players have gone on strike, refusing to report for training in protest at the latest unpaid wage run.

The club's playing squad have informed the club they will not return to training until they, their coaches and the non-football staff at the stadium and Whites Hotel have been paid their salaries for March, which were due last Friday.

The move is thought to be a show of solidarity with the staff members at the lower end of the wage scale, who are expected to continue their jobs while uncertainty surrounds their positions and the future of the club.

Phil Parkinson's squad are also said to be unhappy with a lack of information being passed to them with regard to the much-anticipated takeover of the club and the impending court case, with Wanderers facing a winding-up order over an unpaid HMRC tax bill.

That case was adjourned on March 20 and is to be heard at the High 

https://www.theboltonnews.co.uk/sport/17542710.players-take-strike-action-at-bolton-wanderers/

 

 

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Firstly, I apologise for my absence, a particular Wanderers forum has been an astonishing read of late.

How's this for a nerve jangler?

Liquidation

vs

Laurence Bassini (of disgraced Watford fame)

vs

Bahraini royalty 

You don't need to read the 300 page thread on the bwfc forum, but in short, we find out tomorrow at 4:30pm where we stand (in theory).

Terrifyingly, Ken Anderson could still fuck the club into oblivion and walk away a much richer man. Or we get owned by people with unimaginable wealth. Or the charlatan Bassini somehow slimes his way back into football.

This is torture.

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Wanderers v Ipswich in doubt AGAIN after IT failure

WANDERERS’ game against Ipswich Town has been thrown into fresh doubt after a critical failure of the club’s IT systems.

The match – which had been in doubt earlier in the week because of a safety certificate – now hangs in the balance once again after a major system failure, which has affected ticketing at the University of Bolton Stadium.

Work will continue through the night to rectify the problem and a decision on whether to go ahead will be taken early tomorrow morning to minimise the effect on travelling supporters.

A statement read: “Due to a critical failure of the stadium’s IT system, Saturday’s Sky Bet Championship match against Ipswich Town at the University of Bolton Stadium is now in doubt.

“Engineers will be working through the night to resolve this issue and the club will provide an update at the earliest opportunity.”

It is understood that hospitality at the game is already under significant doubt after a deadline to pay caterers Heathcote & Co was not met.

The club has been contacted for comment.

https://www.theboltonnews.co.uk/news/17554869.wanderers-v-ipswich-in-doubt-again-after-it-failure/

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As a Rovers fan I should take the piss but in all honesty the entire thing depresses me. Historically one of the biggest clubs in the country, founder members of the Football League, the club of the White Horse Final and Nat Lofthouse, top tier mainstays and now they are struggling to get safety clearance or functioning IT, being passed around by their owner like an unwanted kid and are staring third tier football and the mysteries of a new owner dead in the face. Same as has happened with Blackpool, Charlton, Portsmouth and god knows who else; it's shit to see such proud entities and the people who love them brought to their knees by wankers looking for a quick buck.

Honestly hope Bolton find their stability sooner or later, they deserve so much better than what they've had this past few years.

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3 months ago, I might have believed this excuse, but not any more. Perhaps:

IT company haven't been paid

Players are striking due to not being paid

Farcical. And we're still no closer to knowing who will own the club, or if it will even exist. So many more twists to this, I almost don't want us to win when (if) we play Ipswich - my blood pressure doesn't need the false dawn of believing we can stay up too...

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Bolton Wanderers v Ipswich Town game back on after 'critical IT failure'

Bolton's Championship game with Ipswich on Saturday will go ahead after engineers fixed a "critical IT failure" at the University of Bolton stadium.

"The problems affecting the club's IT systems have now been rectified and the match will take place as planned," the club said early on Saturday.

It was the second time in a week that the game had been under threat.

Officials only lifted a ban on fans entering the ground after the club made safety assurances.

Before the IT problems - which the club had said engineers would "work through the night to resolve" - it was only confirmed on Thursday that Bolton's home games on Saturday and Tuesday would go ahead as scheduled.

That came after the Safety Advisory Group (SAG) issued a ban on fansentering the stadium for the matches against Ipswich and Middlesbrough over safety concerns.

There was a possibility they could have been played behind closed doors, before the region's SAG - made of up officials from the local council, emergency services and other agencies - was satisfied that adequate safety provision would be in place for both matches.

BBC Radio Manchester reported earlier on Friday that fans had found issues buying tickets and contacting the club.

The SAG had previously highlighted concerns over safety at the University of Bolton Stadium, with the game against Millwall on 9 March eventually given the green light three days before.

Bolton FC staff have been paid late over the past two months, with owner Ken Anderson looking to sell the club.

Ex-Watford owner Laurence Bassini has said he is "very close" to taking over at Bolton, who are 23rd in the Championship.

The club appeared in the High Court on Wednesday over an unpaid tax bill and Bassini was reported to be present.

https://www.bbc.co.uk/sport/football/47831444

 

 

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  • The title was changed to Bassini Wanderers FC
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https://www.bbc.co.uk/sport/football/47963769

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Former Watford owner Laurence Bassini has agreed a deal to buy Bolton Wanderers subject to English Football League approval, the club have said.

The agreement will also give Bassini full control of the hotel at the University of Bolton Stadium.

"Significant funds" will be made available to pay outstanding wages and long-term creditors, a statement said.

In 2013, Bassini was given a three-year ban from being involved in a position of authority with any EFL club.

Wanderers, whose players have still not been paid their March wages, could be relegated to League One on Friday.

Bassini took over at Vicarage Road in 2011, but his time with the Hornets was short-lived, as he sold to the Pozzo family a year later before submitting a formal offer to buy Portsmouth.

His proposed takeover of Bolton comes as full-time playing and non-playing staff have still not been paid their wages for March, almost three weeks after they were due.

It is the second month in a row that wages have been paid late, while the playing staff applied to the Professional Footballers' Association for help.

The club have endured a torrid season on and off the pitch and narrowly avoided administration in September before former owner Eddie Davies loaned the club £5m days before his death.

Bolton have twice appeared in the High Court over an unpaid tax bill, with the club being given an adjournment until 8 May in their latest appearance.

Wanderers said on Wednesday that "once completion has occurred, all the long terms debts to HMRC and suppliers will be settled".

"I am very pleased to hand over ownership of this great club to Laurence, I wish him and all of our supporters the very best for the future," said current chairman Ken Anderson.

Earlier on Wednesday, Anderson said in a statement that he had accepted offers for the club lower than what his shares were worth, prior to the announcement that Bassini had agreed a deal.

In March, talks with a party reported to be interested in the club were mutually terminated ahead of their first appearance in the High Court.

"There has been a great deal of comment about the failures of the recent takeovers and the reasons for this," said Anderson.

"For the record, when push came to shove the buyers simply did not have the cash, despite numerous assurances. As far as l am concerned, it had nothing to do with the creditors being higher than they were told, or what l was demanding personally, as this is simply not the case.

"As l have previously stated, l had agreed to accept a lower amount than l actually paid for my shares from several of the potential buyers and even then they wanted and l agreed to defer some of the payment due to me as did the other secured creditors.

"The reality is they were probably hoping it would go into administration and they would then acquire it for substantially less, albeit with a points deduction, but a significant saving on creditors."

 

 

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Laurence Bassini: Former Watford owner agrees deal to buy Bolton Wanderers

Former Watford owner Laurence Bassini has agreed a deal to buy Bolton Wanderers subject to English Football League approval, the club have said.

The agreement will also give Bassini full control of the hotel at the University of Bolton Stadium.

"Significant funds" will be made available to pay outstanding wages and long-term creditors, a statement said.

In 2013, Bassini was given a three-year ban from being involved in a position of authority with any EFL club.

Wanderers, whose players have still not been paid their March wages, could be relegated to League One on Friday.

Bassini took over at Vicarage Road in 2011, but his time with the Hornets was short-lived, as he sold to the Pozzo family a year later before submitting a formal offer to buy Portsmouth.

His proposed takeover of Bolton comes as full-time playing and non-playing staff have still not been paid their wages for March, almost three weeks after they were due.

It is the second month in a row that wages have been paid late, while the playing staff applied to the Professional Footballers' Association for help.

The club have endured a torrid season on and off the pitch and narrowly avoided administration in September before former owner Eddie Davies loaned the club £5m days before his death.

Bolton have twice appeared in the High Court over an unpaid tax bill, with the club being given an adjournment until 8 May in their latest appearance.

Wanderers said on Wednesday that "once completion has occurred, all the long terms debts to HMRC and suppliers will be settled".

"I am very pleased to hand over ownership of this great club to Laurence, I wish him and all of our supporters the very best for the future," said current chairman Ken Anderson.

Anderson's exit

Earlier on Wednesday, Anderson said in a statement that he had accepted offers for the club lower than what his shares were worth, prior to the announcement that Bassini had agreed a deal.

In March, talks with a party reported to be interested in the club were mutually terminated ahead of their first appearance in the High Court.

"There has been a great deal of comment about the failures of the recent takeovers and the reasons for this," said Anderson.

"For the record, when push came to shove the buyers simply did not have the cash, despite numerous assurances. As far as l am concerned, it had nothing to do with the creditors being higher than they were told, or what l was demanding personally, as this is simply not the case.

"As l have previously stated, l had agreed to accept a lower amount than l actually paid for my shares from several of the potential buyers and even then they wanted and l agreed to defer some of the payment due to me as did the other secured creditors.

"The reality is they were probably hoping it would go into administration and they would then acquire it for substantially less, albeit with a points deduction, but a significant saving on creditors."

https://www.bbc.co.uk/sport/football/47963769

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  • The title was changed to Bolton Wanderers - Takeover Completed

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