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Wanderers have confirmed their playing staff HAS now been paid after a scare around their November wages.
Players woke this morning to see salaries had not landed in their accounts but were given assurances that the transaction would be processed by close of business.
A special payment was sanctioned at the 11th hour by Ken Anderson, who had struck a deal to buy Dean Holdsworth’s 40 per cent stake in the club earlier this week.
The situation reinforces Anderson’s chilling message via The Bolton News of the fine financial margins the club could be operating within.
The chairman had warned that administration could be on the cards next month if his efforts to take sole control did not take effect.
Staff wages were paid as scheduled earlier this month and the club insist it will “trade as normal” once the final details are sorted on a share deal, with no further problems.
Wanderers had reached an impasse after Anderson’s proposal to fund the club going forward on a 50-50 basis was turned down by Holdsworth last week.
Talks then broke down again on Monday, forcing the chairman to go public with his concern.
“It would be a last resort,” he told The Bolton News. “But if we do not reach an agreement there would be no alternative but to appoint an administrator.
“We had an offer accepted and had agreed to the ambassadorial role, we agreed to four seats in the boardroom, home and away, and in the directors’ box. I am not really sure how much more we can really do.
“If I don’t put the money in, or Dean, then the club won’t get to the end of next month. Creditors and salaries are due.
“If there is an agreement, we carry on trading as normal.
“It is such a shame to be talking like this when everything else is going so well.”
Exactly a year ago, Wanderers confirmed their playing staff would not be paid their November wages - a situation which was eventually rectified via the help of the PFA.
Source
Players woke this morning to see salaries had not landed in their accounts but were given assurances that the transaction would be processed by close of business.
A special payment was sanctioned at the 11th hour by Ken Anderson, who had struck a deal to buy Dean Holdsworth’s 40 per cent stake in the club earlier this week.
The situation reinforces Anderson’s chilling message via The Bolton News of the fine financial margins the club could be operating within.
The chairman had warned that administration could be on the cards next month if his efforts to take sole control did not take effect.
Staff wages were paid as scheduled earlier this month and the club insist it will “trade as normal” once the final details are sorted on a share deal, with no further problems.
Wanderers had reached an impasse after Anderson’s proposal to fund the club going forward on a 50-50 basis was turned down by Holdsworth last week.
Talks then broke down again on Monday, forcing the chairman to go public with his concern.
“It would be a last resort,” he told The Bolton News. “But if we do not reach an agreement there would be no alternative but to appoint an administrator.
“We had an offer accepted and had agreed to the ambassadorial role, we agreed to four seats in the boardroom, home and away, and in the directors’ box. I am not really sure how much more we can really do.
“If I don’t put the money in, or Dean, then the club won’t get to the end of next month. Creditors and salaries are due.
“If there is an agreement, we carry on trading as normal.
“It is such a shame to be talking like this when everything else is going so well.”
Exactly a year ago, Wanderers confirmed their playing staff would not be paid their November wages - a situation which was eventually rectified via the help of the PFA.
Source