“We will survive” says Bolton owner Eddie Davies
Davies has made "significant progress" in selling Wanderers
March 8th, 2016
Things have been extremely tough for Bolton Wanderers this season, the side sitting firmly at the bottom of the Championship table some ten points from safety.
Indeed, the Lancashire outfit have managed just five points from the last twenty-one on offer and they look destined to be plying their trade in League One next season.
Things are even more serious off-field however with financial matters putting the whole future of the club in jeopardy. Nevertheless, club owner Eddie Davies believes that Bolton Wanderers will survive after being given a reprieve in the ongoing battle against administration.
The club have yet to pay a £2.2million tax bill, however the High Court has given them a two-week extension in which to pay the owed amount after Davies’ efforts to sell the club made significant progress.
A consortium which is fronted by former Wanderers player Dean Holdsworth has apparently agreed to purchase the club from Davies and the current owner is optimistic that any deal can be finalised before the end of the week.
“We said we would survive and we will survive. We’ve worked very hard – us, the club and consortium to get this one over the line,” Davis said to Sky Sports.
“There’s been a lot of speculation in the local press and lot of criticism but we’ve worked very, very hard to do this and it will be done this week. We’ve had to go through the process. There are still I’s to be dotted, T’s to be crossed by the consortium, and when that’s done we will do the transaction.
“They’ve definitely got the funds to see it through to end of season and are currently securing funds to take them through to the end of next season.”
With just eleven games left to play, Bolton are looking certainties for relegation given that they currently sit ten points from safety.