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Bolton set to be wound up by HMRC

Debt-ridden Bolton are set to face a winding-up petition lodged to the courts by Her Majesty’s Revenue & Customs (HMRC).

The Lancashire club owe a reported £600,000 in taxes, the tip of the iceberg in a grander debt of £172.9m. Should the winding-up petition be ordered then Bolton will have to pay the £600,000 within 21 days.

This bad news follows on from Bolton’s first-team players not getting paid any of their wages for November and proclaiming that they require £15m in order to make it to the end of the season.

Four parties interested in a club takeover have met with club advisor Trevor Birch without nothing more added, with the winding-up petition set to be launched the club risk administration and a 12-point deduction.

Birch said last week that Bolton were in an ‘increasingly perilous’ situation as owner Eddie Davies withdrew his funding for the club, but claimed he would waive the vast debts owed to him by the Trotters.

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