Bolton Wanderers avoid administration

Published on: 12 September 2018

Bolton Wanderers say they have avoided administration after agreeing a deal to pay off their main creditor BluMarble Capital Ltd.

Owner Ken Anderson had warned the Championship club was due to be placed in administration after an initial offer to repay the firm was rejected.

Bolton had offered to repay a £4m loan plus interest but have not confirmed the financial aspects of the deal.

They have, however, avoided punishment from the English Football League.

More to follow.

Source: bbc.com

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