Bolton Wanderers have avoided administration, for now, as the club have had their High Court hearing adjourned for the third time this morning. Wanderers and the Bolton Whites Hotel will next appear in court on May 22.
Despite reports from Sky Sports News claiming the club has been put into administration, this is not believed to be the case as things stand.
However, if Ken Anderson’s latest chairman’s notes are anything to go by, administration is very much on the cards for Bolton Wanderers.
In his latest column on the club’s website, the Wanderers owner stated that the failed takeover by Laurence Bassini “now leave[s] the Eddie Davies Trust and I with little or no choice other than for one of us to place the businesses into administration.”
If the club does indeed enter into administration, it will mean a 12-point deduction from Bolton’s tally for next season, leaving Wanderers very much on the back foot.
While the court date may have been pushed back once again, the next two weeks could be crucial to the future of the club.
Chances of Wanderers now finding a buyer are all-but gone and administration seems like the most likely route forward at this point in time.
The news comes after weeks, if not months, of uncertainty surrounding the club’s financial future and ownership status. Several bidders have allegedly come and gone as the situation at Bolton has steadily worsened.
Despite the obvious perils that administration would bring, including a possible transfer embargo, it is almost certainly preferred to the alternative, liquidation, which would see the club wound-up completely.
For now, Bolton fans will have to remain patient as the future of the club hangs in the balance.