Bolton Wanderers Football Club avoid administration

North West | Sport

BoltonFollowing the news posted yesterday it has now been announced that Bolton Wanderers football club will avoid administration.

The club wanted to repay Blu Marble Capital’s £4m loan which was originally made to the club through Sportshield Ltd.

In a statement, Anderson said: “I am pleased to confirm that the loan from Blu Marble Capital Ltd has been repaid.

“I am also pleased to be able to confirm that the loans to both PBP (Michael James) and Brett Warburton have been extended on better terms for the club and I am extremely grateful for the continued support, help and assistance of Michael and Brett.

“I was also able to reschedule and reduce a number of other club liabilities which in all have reduced future costs and liabilities by circa £1.5m and will be of great assistance to the club going forward.

“As previously stated, I believe the club now has one of the lowest debt positions in the Championship.”

The club could have been deducted 12 points for going into administration. They are currently eighth in the Championship with 11 points after six games.

Anderson added: “We can all now put this behind us and move onwards and get fully behind the team as they look to continue their excellent start to the campaign when they return to the University of Bolton Stadium on Saturday for the game against QPR.

“I would like to thank you all for your patience and we can all look forward to a season of progress both on and off the pitch.”

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