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Bolton issued with winding up order

Soccer

Bolton Wanderers have received a winding-up petition from Britain’s tax collection agency (HMRC) in respect of unpaid monies, the English Championship’s bottom side said in a statement on Thursday.

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The club, which owes about STG600,000 ($A1.26 million) in unpaid taxes and has STG173 million ($A364 million) of debt, asked HMRC for more time to either conclude a sale or raise additional funds.

“Quite clearly the club remains in a critical financial position,” Trevor Birch, advisor to the board and owner at Bolton Wanderers, said.

“We will continue to try to finalise a sale or alternatively release some short-term funds needed to give the club a breathing space and time in which to consider its options.”

If Bolton enter administration they will automatically be deducted 12 points.

The club, founded in 1874 and four-times FA Cup winners, last played in the Premier League in the 2011-12 season.

– Reuters imc

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