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Wanderers are on course to come out of their transfer embargo at the end of this month, claims co-owner Ken Anderson.
New boss Phil Parkinson has been given a shortlist of potential signings but will be given scope to make his own suggestions should things go according to plan in a meeting with Football League officials next week.
Wanderers have been hamstrung by two separate embargos, which have been in situ since financial problems hit at the end of last year. Removing them has proved much harder than expected for the new ownership, who have had to absorb a number of unexpected costs since completing the takeover in March.
But with the pile of financial paperwork now showing signs of receding, Anderson believes it will not be long before the club is free to take advantage of the summer transfer window.
“Ideally, we would have it lifted by the start of pre-season,” he told The Bolton News.
“The finances are in place. Accounts are waiting to be signed off but that aspect has not been easy and that is what has taken up a lot of the time.
“We are confident when we are legally able to sign players once again, we will do so but in the meantime we are talking with agents etc.
“We have given Phil a list of players who may be available from our scouts but of course he’ll have his own thoughts on what he needs and we will work with him on that.”
Anderson has also confirmed that the option to repurchase offices adjoining the Macron Stadium has now been taken.
A 10 per cent deposit has been put down and the club is awaiting completion but the co-owner admits the deal did hit a late hitch on Friday, which meant he could not be present at Parkinson’s first press conference.
“Originally we were assured there was a 12-month option to buy back the offices but when we did our due diligence we found that if there was a change of control it became three months. And that expired on Friday,” he said. “Another little surprise for us.
“That is why I wasn’t there on Friday when the manager was unveiled. But in hindsight I wasn’t needed, he handled the whole thing very well indeed and I watched on the internet. I even got a paper the next morning to read how it all went!”
Source
New boss Phil Parkinson has been given a shortlist of potential signings but will be given scope to make his own suggestions should things go according to plan in a meeting with Football League officials next week.
Wanderers have been hamstrung by two separate embargos, which have been in situ since financial problems hit at the end of last year. Removing them has proved much harder than expected for the new ownership, who have had to absorb a number of unexpected costs since completing the takeover in March.
But with the pile of financial paperwork now showing signs of receding, Anderson believes it will not be long before the club is free to take advantage of the summer transfer window.
“Ideally, we would have it lifted by the start of pre-season,” he told The Bolton News.
“The finances are in place. Accounts are waiting to be signed off but that aspect has not been easy and that is what has taken up a lot of the time.
“We are confident when we are legally able to sign players once again, we will do so but in the meantime we are talking with agents etc.
“We have given Phil a list of players who may be available from our scouts but of course he’ll have his own thoughts on what he needs and we will work with him on that.”
Anderson has also confirmed that the option to repurchase offices adjoining the Macron Stadium has now been taken.
A 10 per cent deposit has been put down and the club is awaiting completion but the co-owner admits the deal did hit a late hitch on Friday, which meant he could not be present at Parkinson’s first press conference.
“Originally we were assured there was a 12-month option to buy back the offices but when we did our due diligence we found that if there was a change of control it became three months. And that expired on Friday,” he said. “Another little surprise for us.
“That is why I wasn’t there on Friday when the manager was unveiled. But in hindsight I wasn’t needed, he handled the whole thing very well indeed and I watched on the internet. I even got a paper the next morning to read how it all went!”
Source