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Bolton In Financial Trouble

Bolton Wanderers is having financial trouble, and revealed on Monday that players have not been paid their wages for November.

The club released the following statement on their website:

“Bolton Wanderers Football Club can today, Monday 30 November, confirm that the first team playing squad are yet to receive their wages for the month of November.

“This is due to the ongoing situation surrounding the club’s ownership off the field.”

Trevor Birch, recently appointed as adviser to the Bolton Wanderers board and owner, said: “This is due to a short-term funding issue. We are working hard behind the scenes and hope to have this resolved in a quick and timely manner and  I will be meeting the players tomorrow to update them.”

The Guardian reports that Bolton debt is up to £172.9m and that the club is up for sale by owner Eddie Davies. They also report that a consortium lead by former Bolton striker Dean Holdsworth is interested in buying the club.

Bolton sits at the bottom of the Championship (England’s second-tier) with 12 points in 18 games. The club spent 11 seasons in the Premier League between 2001/2002 – 2011-2012 before getting relegated. The Wanderers finished 18th last season and avoided relegation, but things are looking bleak this season as they’ve only won one game so far in the league to go along with the financial troubles.

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