Deleted Account
Well-Known Member
Last edited:
Bolton Wanderers rescued from liquidation
- Thread starter Deleted Account
- Start date
Once a BEAR
Well-Known Member
Bolton Wanderers takeover by Football Ventures completed
Football Ventures have completed their takeover of Bolton Wanderers, the club's administrators have confirmed.
The EFL announced on Tuesday night it had given Bolton's administrators 14 days to either sell the club or prove they could fund them for the rest of the season.
The club would have been withdrawn from the Football League if they failed to meet the deadline, but that situation has now been averted.
Bolton's joint-administrator Paul Appleton described the process as "one of the most complicated administrations I've been involved with".
He added: "I'm delighted to say we have finally reached a satisfactory conclusion with the sale to Football Ventures.
"At times, some of the hurdles appeared insurmountable and the frustration felt has been immense, not least by the supporters who have had to endure too many weeks of uncertainty."
Appleton reserved special praise for the Eddie Davies Trust, the PFA and the EFL, saying: "I would like to pay particular tribute to the Eddie Davies Trust and their legal team who, throughout this whole process, have been willing to do everything in their power to ensure Eddie's incredible legacy was maintained and not sullied.
"Even at the 11th hour when other parties were content to renege on their agreements, the Trust realised the very existence of Bolton Wanderers was at stake and were willing to find a compromise to save the club."
Appleton hit out at former Bolton owner Ken Anderson, accusing him of "hampering and frustrating" the deal, and warned there will be "difficult times ahead".
Football Ventures have completed their takeover of Bolton Wanderers, the club's administrators have confirmed.
The EFL announced on Tuesday night it had given Bolton's administrators 14 days to either sell the club or prove they could fund them for the rest of the season.
The club would have been withdrawn from the Football League if they failed to meet the deadline, but that situation has now been averted.
Bolton's joint-administrator Paul Appleton described the process as "one of the most complicated administrations I've been involved with".
He added: "I'm delighted to say we have finally reached a satisfactory conclusion with the sale to Football Ventures.
"At times, some of the hurdles appeared insurmountable and the frustration felt has been immense, not least by the supporters who have had to endure too many weeks of uncertainty."
Appleton reserved special praise for the Eddie Davies Trust, the PFA and the EFL, saying: "I would like to pay particular tribute to the Eddie Davies Trust and their legal team who, throughout this whole process, have been willing to do everything in their power to ensure Eddie's incredible legacy was maintained and not sullied.
"Even at the 11th hour when other parties were content to renege on their agreements, the Trust realised the very existence of Bolton Wanderers was at stake and were willing to find a compromise to save the club."
Appleton hit out at former Bolton owner Ken Anderson, accusing him of "hampering and frustrating" the deal, and warned there will be "difficult times ahead".
Good news for them I hope
chickenhawk
Well-Known Member
Glad for them thats an 11th hour escape i didnt expect that
applebear1976
Well-Known Member
saved
for now
I really hope they can be saved long term
for now
I really hope they can be saved long term
Zwingli'sSausages
Well-Known Member
Pleased for Bolton and their fans. Gutted for Bury 
Big relief for fans but it only starts to sink in and they’ll start worrying about the new investors intentions and whether they can turn it round even if they wanted to. Does anybody know anything about football ventures? Have they just formed for Bolton or have they been involved with any other clubs?
Kirbys House
Well-Known Member
Good news for them.
Nice tweet from Bury too
Nice tweet from Bury too
