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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