Today's the big day!

what would happen if HMRC had had enough of all this football related debts and chose to make a point and make us go into administration? It's going to happen one day with the amount of clubs getting winding up orders. 

They could see it as putting a marker down to other clubs and we would be classed as a high profile case because of us being in the Premiership for so long until a few years ago.

y2johnny wrote:3. Delay also agreed to enable [You must be registered and logged in to see this link.] to sell additional players in this transfer window.

 and it was all going so well upto this point 

if we can't push through a takeover by then we deserve everything that comes to us i'm afraid. Still don't want this Disley clown involved in any way though

Club statement

Bolton Wanderers Football Club can today, Monday 18 January, confirm that that the High Court has granted an adjournment to the winding up petition presented by HMRC.

The High Court has given the club until February 22 to either close a deal with one of the potential buyers of the club or raise sufficient short-term funds from asset sales. This would enable the club to trade and make payments on the debts owed to HMRC and other creditors.

During that period the club will have to find a longer term solution to its financial problems in order to prevent HMRC from winding up the club at the adjourned hearing. 

Trevor Birch, advisor to the owner and board at Bolton Wanderers, said: “HMRC takes a very strict approach towards football clubs. Despite the club putting forward a solution, utilising funds generated from its assets that would have enabled repayment of its debt in full over a period of a few months, HMRC refused to agree to an adjournment to give effect to the plan.

“With that in mind, it is pleasing that the High Court rejected its wish to liquidate the club and that it has given the club time either to raise funds and or conclude a sale.”

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from the hearing again;

Also Eddie Davies waving £185m or £187m, difficult to hear, when club sold and this used as one reason for not going into liquidation.

Sounds like HMRC are going for the jugular on this one. We've temporarily dodged a bullet by the sounds of it but we won't be so lucky next time if we don't sort our shit out.

Glos....tenner to Samaritans please!

thanks to the High Court judges it seems as HMRC wanted to liquidate us

from marc lies

Car park land close to being sold - but negotiations continue on training ground. Two interested parties - believed to be [You must be registered and logged in to see this link.] and [You must be registered and logged in to see this link.]

y2johnny wrote:from marc lies

Car park land close to being sold - but negotiations continue on training ground. Two interested parties - believed to be [You must be registered and logged in to see this link.] and [You must be registered and logged in to see this link.]

There's going to be nothing left at this rate!

y2johnny wrote:Wanderers have 35 days to sort out a buyer, or it's back to the High Court again for another adjournment (potentially). [You must be registered and logged in to see this link.]

It would have happened already if it was going to, nothing will change.

training ground at lostock  ut obviously the euxton one is a "prize" possession.  We are also one of the only clubs to have our own car park from what i have read so although it seems like we are selling the "crown jewels" we are not really losing something everyone else has got!

they wouldn't get another adjournment surely? Also how much would we get for Euxton?