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Bolton Wanderers faces more money worries after moves by finance firm BluMarble to issue a winding up order over a multi-million pound debt.
Co-owner Dean Holdsworth's Sports Shield company took out a £5million loan from BluMarble to help fund the takeover last March but complications on the original agreement have now led to them demanding settlement of the debt.
Wanderers could gain more than £5million if they secure promotion on Sunday and are hopeful an agreement will be reached before a scheduled High Court date on May 22.
A spokesman for the football club said: “Bolton Wanderers Football Club has been made aware of the proposed action by BluMarble in respect of their arrangements with Sports Shield BWFC.
“This matter relates to Sports Shield BWFC and it is therefore inappropriate for either Burnden Leisure Limited, Bolton Wanderers Football Club or Inner Circle Investments to comment and as such will not make any further statement about this issue at this present time.”
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Co-owner Dean Holdsworth's Sports Shield company took out a £5million loan from BluMarble to help fund the takeover last March but complications on the original agreement have now led to them demanding settlement of the debt.
Wanderers could gain more than £5million if they secure promotion on Sunday and are hopeful an agreement will be reached before a scheduled High Court date on May 22.
A spokesman for the football club said: “Bolton Wanderers Football Club has been made aware of the proposed action by BluMarble in respect of their arrangements with Sports Shield BWFC.
“This matter relates to Sports Shield BWFC and it is therefore inappropriate for either Burnden Leisure Limited, Bolton Wanderers Football Club or Inner Circle Investments to comment and as such will not make any further statement about this issue at this present time.”
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