First and foremost, I sincerely hope that Phil Gartside gets well soon.
We are still in limbo regarding what will happen to our club but now we have the news that taxes have not been paid and it seems to be a case of whether or not a firm bid with 15 million pounds up front to secure the safety of the club can be raised by any of the bidders.
Apparently Stelios's bid seems to be disappearing into the ether. However the third bid seems to be coming from Thailand. No other news about that bid at the moment.
It would seem that the black reaper has his sythe in hand and could strike at any time. Things are not going well.
Wanderers crisis: Whites face winding-up order over unpaid tax while Gartside remains 'gravely ill'
PHIL: Club chairman Phil Gartside is 'gravely ill' the Bolton News has learned
DEAN: Sports Shield Investments, led by former striker, Dean Holdsworth, are confident a deal can be reached to buy the club
A CRITICAL blow to Wanderers could emerge within the next couple of days, with an outstanding tax bill almost certain to mean that HMRC will issue a winding-up order.
Although two parties remain in serious negotiations to buy the club from owner Eddie Davies, the funds have not yet been put in place as expected, leading the club to investigate the worst case scenario.
The Bolton News understands that a plan is now place to buy the club about a week of leeway to secure the necessary £15 million to keep it running until the end of the season.
And in what is another significant blow for Wanderers, it has also been learned that club chairman Phil Gartside is gravely ill.
The man, who has been at the helm of the club for 16 years, will shortly be at home with his family, who have asked that the public respect their privacy at a difficult time.
Matters have deteriorated in the last few days for the Whites despite fervent negotiations with two investment groups.
Sports Shield Investments, led by Dean Holdsworth, appeared to be at the front of the queue, with the former striker appearing quite publicly in a hospitality box in Saturday’s 3-2 defeat against Cardiff City. They remain confident a deal can be struck and were deep in discussions last night in an effort to buy the football club.
Another consortium from Thailand has also taken keen interest, although momentum behind the bid of former midfielder Stelios Giannakopoulos now appears to have faded.
But doubts persist over the structure of both deals, and with the club bottom of The Championship and four points adrift of safety, it is now possible they could take the mandatory 12-point deduction and begin planning for life as a League One club next season.
Staff have been assured that every effort will be made to ensure that is not the case, although the lack of ready cash at the club’s disposal makes this a particularly difficult conundrum to solve for financial advisor Trevor Birch.
Senior players remained unpaid last month and may do again in December if the club goes into the costly business of administration.
Could this be the beginning of the end.
posted on 11/12/15
Pasty, does it matter? It's all bad news at the moment.
We could do with starting a joke thread, you know, anything to lift the doom and gloom.
I'm useless at jokes. Do you or any of the other guys know any?
posted on 11/12/15
Apart from clough wouldn't miss any of the players at all. All of them can go for me. Play the young players. They can't do anything worse than bottom of the league.
posted on 11/12/15
I wouldn't miss any of the current lot other than Amos, Clough, and the other youngsters. Sadly there's no real re-sale for the dregs that are left.
Though we shouldn't sell anyone to Everton. I'd rather we'd go bust than sell to that lot. (just joking on the bust thing but I do hate Everton).
posted on 11/12/15
Right you are SWIE
WF has just posted the prediction thread as I was typing the starter I'll postpone it for a while to leave that up top.
Match thread will be up soon as well I'm thinking after the match we should enter the joke hours lighten the mood then unless no surely not.
posted on 12/12/15
Definitely not Pasty (No we won't win today).
You post the article and I'll see if I can't find something funny to post.
posted on 12/12/15
Eddie davies going to pay the players after all to stop them leaving on free transfers. http://www.thesun.co.uk/sol/homepage/sport/football/6799123/Eddie-Davies-forks-out-1m-at-Christmas-to-pay-Bolton-players-and-stop-them-leaving.html .
posted on 12/12/15
You mean a bridging loan has been agreed with Moon Shaft and Frilly draw.
posted on 12/12/15
It certainly isn't because he wants to, otherwise he would have already paid Novembers wages.
No he has been advised that he really has no option.
I have always appreciated Eddies efforts but now we find out he has the money and is paying because he has to and it would seem not for the clubs benefit.
I wonder what has changed?
posted on 12/12/15
The club knows nothing about this according to the bn match thread.
posted on 13/12/15
I read that Benny, it could be that Neil Lennon hasn't been told about it yet or that some is sending out misinformation. Why anyone would do that I'm not sure.