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Wanderers crisis: Whites face winding-up order over unpaid tax while Gartside remains 'gravely ill'

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luckyPeterpiper
gloswhite
Norpig
terenceanne
Sluffy
Chairmanda
Bwfc1958
Jack Russell
scottjames30
wanderlust
Hipster_Nebula
Bollotom2014
Bolton Nuts
xmiles
karlypants
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karlypants

karlypants
Nat Lofthouse
Nat Lofthouse

A critical blow to Wanderers could emerge within the next couple of days, with an outstanding tax bill almost certain to mean that HMRC will issue a winding-up order.

Although two parties remain in serious negotiations to buy the club from owner Eddie Davies, the funds have not yet been put in place as expected, leading the club to investigate the worst case scenario.

The Bolton News understands that a plan is now place to buy the club about a week of leeway to secure the necessary £15 million to keep it running until the end of the season.

And in what is another significant blow for Wanderers, it has also been learned that club chairman Phil Gartside is gravely ill.

The man, who has been at the helm of the club for 16 years, will shortly be at home with his family, who have asked that the public respect their privacy at a difficult time.

Matters have deteriorated in the last few days for the Whites despite fervent negotiations with two investment groups.

Sports Shield Investments, led by Dean Holdsworth, appeared to be at the front of the queue, with the former striker appearing quite publicly in a hospitality box in Saturday’s 3-2 defeat against Cardiff City. They remain confident a deal can be struck and were deep in discussions last night in an effort to buy the football club.

Another consortium from Thailand has also taken keen interest, although momentum behind the bid of former midfielder Stelios Giannakopoulos now appears to have faded.

But doubts persist over the structure of both deals, and with the club bottom of The Championship and four points adrift of safety, it is now possible they could take the mandatory 12-point deduction and begin planning for life as a League One club next season.

Staff have been assured that every effort will be made to ensure that is not the case, although the lack of ready cash at the club’s disposal makes this a particularly difficult conundrum to solve for financial advisor Trevor Birch.

Senior players remained unpaid last month and may do again in December if the club goes into the costly business of administration.

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xmiles

xmiles
Jay Jay Okocha
Jay Jay Okocha

We are totally fucked.

Bolton Nuts


Admin

Administration to be announced by Wednesday. Decision made tomorrow.

https://boltonnuts.forumotion.co.uk

Bollotom2014

Bollotom2014
Andy Walker
Andy Walker

If admin happens, maybe now would be a good time to flog the ground and facilities and move back to Bolton proper.

Guest


Guest

Bollotom2014 wrote:If admin happens, maybe now would be a good time to flog the ground and facilities and move back to Bolton proper.

If only

karlypants

karlypants
Nat Lofthouse
Nat Lofthouse

Where is Boggers when you need him. Very Happy

Hipster_Nebula

Hipster_Nebula
Nat Lofthouse
Nat Lofthouse

Biggie wrote:Administration to be announced by Wednesday. Decision made tomorrow.

Laughing

wanderlust

wanderlust
Nat Lofthouse
Nat Lofthouse

Another Marc Iles "exclusive" that actually says nothing or worse still, borders on lying to fill some newspaper.

We already knew that HMRC could take action and that hasn't changed - they still "could".

But as Iles himself says, there's a plan in place to deal with it.

So the truth of the matter is that the Whites DON'T actually face a winding-up order.

scottjames30

scottjames30
Nat Lofthouse
Nat Lofthouse

What a mess.

wanderlust

wanderlust
Nat Lofthouse
Nat Lofthouse

scottjames30 wrote:What a mess.
What? Not facing a winding-up order?

Jack Russell

Jack Russell
David Lee
David Lee

Would we still be able to play at the Macron or would it be season over ?

Guest


Guest

I believe we would have to play on Leverhulme Park.

karlypants

karlypants
Nat Lofthouse
Nat Lofthouse

Tweet from Nixon late last night: "Only news today. Tax man taking an interest. Want to be sure payments are made. Might be hard when no money."

Bwfc1958

Bwfc1958
Tinned Toms - You know it makes sense!

Tax man's taking an interest? I had no idea.

More sterling detective work from nixon.

Hipster_Nebula

Hipster_Nebula
Nat Lofthouse
Nat Lofthouse

A ground share arrangement has been presented to the football league this morning.

Chairmanda

Chairmanda
Andy Walker
Andy Walker

Hipster_Nebula wrote:A ground share arrangement has been presented to the football league this morning.
is this true? how do you know? I have a bit of knowledge about groundshare arrangements with a league club, its a very complex thing

wanderlust

wanderlust
Nat Lofthouse
Nat Lofthouse

Chairmanda wrote:
Hipster_Nebula wrote:A ground share arrangement has been presented to the football league this morning.
is this true? how do you know? I have a bit of knowledge about groundshare arrangements with a league club, its a very complex thing

It's only true in Hipster's head Amanda.

Guest


Guest

Big news on the BBC at one o'clock today apparently.

wanderlust

wanderlust
Nat Lofthouse
Nat Lofthouse

Breadman wrote:Big news on the BBC at one o'clock today apparently.


Don't you start Dave!

karlypants

karlypants
Nat Lofthouse
Nat Lofthouse

Laughing

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