Bolton Wanderers' financial crisis goes from bad to worse

Nightmare continues

It has been a nightmare season for Bolton Wanderers, both on and off the pitch.

On Saturday afternoon, the team lost their third straight game in the Championship, falling to a 2-0 defeat away at Swansea City in a result which now leaves the team sat seven points adrift of safety in 23rd in the Championship table.

To further compound their misery, Phil Parkinson’s side had both Craig Noone and David Wheater sent off as the Trotters finished the game with nine men, further thinning their options in what is already a slim squad.

Yet that result is the least of Bolton’s worries, with the club in even greater turmoil off the field than they are on it. Financial problems have hit hard, with players and staff being underpaid and paid late throughout the season on a consistent basis, with it difficult to see where the cash problems will cease.

Their woes have further intensified this week, with Monday seeing a new low in their plight down the Football League.

Bolton were forced to close their training ground on Monday morning due to food shortages, meaning the squad’s fringe players that were due in for training were told not to report to Lostock. Medical and support staff were also given the day off due to the shortage of supplies.

Both first-team and academy players are all set to return to the training ground today after fuel was delivered to the club yesterday, as Ken Anderson continues to try in vein to sell the club.

Bolton Wanderers

Looking for new owners

Anderson has taken charge of the task of finding a buyer for the club but has thus far proven unsuccessful as Inner Circle look to sell their shares in the club. He emailed all club employees on Monday to inform them of the current state of affairs.

Manager Parkinson had the following to say on Saturday: “This is probably the hardest position this club has been in.

“But we have got to keep going, it’s all we can do.

“The powers that be are getting close to a resolution, I’d imagine.

“Let’s just hope that this week there is some positive news for the club, going forward.

“Everybody has had enough of the situation, the uncertainty surrounding the club, and hopefully we get some good news to lift us during the week.”

However, that good news they are craving has not been forthcoming as of yet, as negotiations continue over the sale of the club.

No member of staff has been paid for the month February, with payment due on Thursday and chairman Anderson has hinted that could well be the case until the sale of the club is completed.

The Football Ventures (Whites) consortium, fronted by Parminder Basran and Sharron Brittan, have now pulled out of negotiations to buy the club after a week of talks, further stalling the hopes of a takeover.

Hopes were growing over the weekend that a takeover could be completed after the two parties finally agreed a deal in principle after opening talks in December, but hit problems last week.

Anderson has now reportedly opened talks with two other parties with regards to a potential takeover, one of which is said to be based in the north west.

Phil Parkinson Bolton

Can they avoid relegation?

Bolton’s on-field situation looks pretty dire, with it looking highly unlikely that they will be able to fight off a return to League One. They only avoided dropping to the third tier on the final day of last season thanks to Aaron Wilbraham's dramatic winner against Nottingham Forest, sealing a 3-2 win to spark incredible scenes.

It is going to take something just as incredible this time around in the short time they have left to avoid relegation.

Currently sitting 23rd in the table, there are seven points between themselves and Reading in 21st with just 11 games to go in the season. They face back-to-back home fixtures in the next week, taking on fellow strugglers Millwall on Saturday before hosting Sheffield Wednesday at the Macron Stadium a week today.

In the Championship they have lost five of their last six games and have won just one league game in 2019 so far, also scoring just five goals in the Championship since their 2-1 win over Rotherham.

However, at this point Bolton fans are most likely just praying to have a team to watch at all next season, let alone one that is playing in the Championship.

The Bolton Wanderers’ Supporters Trust said on Sunday night that they will looking to provide emergency financial help in order to keep the club afloat during the ongoing negotiations.

It wasn’t so long ago that this was a club competing in Europe and boasting a squad with the likes of Nicolas Anelka, Jay-Jay Okocha and Fernando Hierro to name but a few of their star names.

Now, not only are they fighting relegation from the Championship, but also fighting just to exist come next season. The poor running of Bolton is the latest in a long line of clubs in English football that have been demoralized by financial issues and incompetence in recent times, putting them alongside the likes of Portsmouth, Blackpool, Coventry, Charlton and Newcastle to name but a few.

Bolton

🙌 GET £30 IN FREE BETS WHEN YOU PLACE A £10 BET 🙌
NEW CUSTOMERS ONLY. FIRST SINGLE & E/W BET ONLY ODDS OF 1/1 OR GREATER. 3 X £10 BET TOKENS. FREE BET STAKES NOT INCLUDED IN RETURNS. FREE BETS ONLY REDEEMABLE ON FOOTBALL. FREE BETS ARE NON WITHDRAWABLE. NO FREE BET EXPIRY. ELIGIBILITY RESTRICTIONS AND FURTHER T&CS APPLY.
Claim Bonus
🟢 Bet £10 & Get £50 in free bets! 🟡
For new customers. Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of qualifying bets. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.
Claim Bonus
🔸 BET £10 AND GET £30 IN FREE BETS! 🔸
New Customer offer. Place a min £10 bet on the Sportsbook on odds of min 1/2 (1.5), get £30 in Free Bets. Rewards valid for 30 days. SMS verification required. Only deposits via cards will qualify. T&Cs apply. Please Gamble Responsibly
Claim Bonus
⚽️ BET £10 & GET £40 IN FREE BETS! (MOBILE ONLY) ⚽️
Sign-up via Mobile using promo code N40 and place a bet of £10/€10 or more and we will give you 4x £10/€10 free bets. By entering the Promo code in the box above you agree to the full terms and conditions of this promotion as displayed below. See full terms below.
Claim Bonus
⚽️ UP TO £50 MONEY BACK AS CASH IF ANY OF YOUR FIRST 5X £10 FOOTBALL BETS LOSE ⚽️
Place 5x£10 Sportsbook bets on any market at minimum odds of 2.0 (Evs), and get money back as Cash if it loses. Max refund per qualifying bet is £10 (up to £50 in total). Only deposits made via Cards will be eligible for the promotion (Apple Pay excluded). T&Cs apply
Get Offer
🔷 GET £30 IN FREE BETS WHEN YOU BET £10 🔷
Full T&C’s Apply. New customers on mobile only. 7 days to claim and stake £10 minimum bet at odds of 1.5 or greater to qualify. Free, void, cashed out or partially cashed out bets do not qualify. Max 3x £10 free bets credited on bet settlement. Free bets must be used on 4 or more selections with selection odds of 1.3 or greater. Free bets are non-withdrawable and stake not returned with winnings. 7 day expiry. 18+ BeGambleAware.org.
Claim Bonus
🟠 BET £10 & GET £20 IN FREE BETS! 🟠
*New members. £10 min deposit & bet on sportsbook, placed & settled at 1.5 min odds within 14 days of sign-up. Win part of E/W bets. 2 non-withdrawable £10 Free Bet Tokens: accept in 7 days, valid for 7 days from crediting (ex. E/Ws & Multiples), stakes not returned. Click here for Rules & Exclusions. Bet Responsibly. BeGambleAware.org
CLAIM HERE
🔴 GET £20 IN FREE BETS WHEN YOU BET £5 🔴
18+ New UK+IRE Customers only. Certain deposit methods & bet types excl. Min first £/€5 bet within 14 days of account reg at min odds 1/2 to get 4x £/€5 free bets. Free bets valid for 7 days, stake not returned. Restrictions + T&Cs apply.
Claim Bonus
✅ BET £10 & GET £30 IN FREE BETS ✅
New UK, IE & Malta customers only. 18+. Min £10/€10 first deposit using Debit Card or Trustly. Place a bet of £10 at min odds of 1.5. Free bets expire in 90 days. Full T&Cs apply.
Claim Bonus
🔹 GET £30 IN BONUSES WHEN YOU BET £5 🔹
18+ New customers only. Opt in, bet £5 at odds 2.00+ within 7 days of registering, no cashout. Get 2x £10 Free Bets, set events at odds 2.00+. Plus a £10 Slot Bonus, selected games, wager 20x to withdraw max £250. 7 day bonus expiry. Card payments only. T&Cs apply, see below. begambleaware.org | Please gamble responsibly
Claim Bonus
✅ GET A FREE BET UP TO £35 + 10 FREE SPINS ✅
If your account has Sportsbook losses at the end of your first day's betting, QuinnBet will refund 50% of your losses as a Free Bet up to £35 (min 3 bets) Plus 10 Free online casino spins at QuinnCasino. Even if your account is up, you're guaranteed a £5 Free Bet Plus 10 Free Spins provided you place at least 1 bet of £10 or greater at the minimum odds. T&Cs apply | 18+ New UK Customers Only | BeGambleAware.org
Claim Bonus
BET £5 & GET £30 IN BONUSES
18+ New Customers opt in, bet £5 & get 2x £10 Free Bets for set events (odds 2.00+) + £10, Slots Bonus, selected games, 35x wagering to withdraw max £250. Bonuses expire in 7 days. Card Payments only. T&Cs Apply, see below. | begambleaware.org | Please gamble responsibly
Claim Bonus
🎉 BET £10 & GET £60 FREE BETS! 🎉
New UK customers only. Register using the promo code BETFRED60, deposit and place first bet of £10+ on Sports (cumulative Evens+). First bet must be on Sports. £20 in Free Bets to be used on Sports, £10 in Free Bets to be used on Lotto and 50 Free Spins (20p per spin) credited within 48 hours of bet settlement. Further £20 in Free Bets credited 5 days after settlement. Bonuses have a 7-day expiry. Payment restrictions apply. SMS verification and/or Proof of I.D and address may be required. Full T&Cs apply.
Claim Bonus
🟢 UP TO £40 MONEY BACK AS BONUSES + A £10 CASINO BONUS 🟢
18+ begambleaware.org. New customers only. Min deposit £10. Money back as bonus if first sports bet loses. Wagering requirements: sportsbook 3x at min. odds of 1.40 (2/5), casino 50x. Unless forfeited the sportsbook bonus must be wagered before using the casino bonus. Bonus expires 7 days after opt-in. Visit Unibet.co.uk for full T&C's. #Ad
Claim Bonus
🔵 BET £10 & GET £20 IN FREE BETS + ACCA REWARDS OF YOUR CHOICE! 🔵
New UK customers (Excluding NI) only. Mobile exclusive. Min stake £10. Min odds Evs. Free bet applied on 1st settlement of any qualifying bet. 30 days to qualify. Free bets expire in 7 days. Cashed out/Free Bets won’t apply. Payment method restrictions. 1 Free Bet offer per customer, household & IP Address only. 18+. T&C's Apply **18+. Choose either Boost or Insurance. Available for in-play/pre-match bets on selected sports. You cannot use specials, boosts, any free bet or any other promotion. A minimum of 5 selections and minimum odds of 1/5 per selection/leg to receive Acca Rewards. Minimum stake of £/€0.05. Max free bet refund of £/€20 per Acca for Insurance. Maximum bonus payout is €/£1,000 per Acca for boost. Free bets, cashed out or voided bets will not qualify for this promotion. T&Cs apply.
Claim Bonus
♥️ GET £40 FREE PLAY PLUS A £10 FREE SPORTS BET! ♥️
1st time depositors only. Min. deposit £10. Use code FAPOKER. Free Play given as cash, Spin & Go tickets, and a Sports Free Bet over 6 days. Tickets expire after 24 hours. Withdrawal restricted during bonus period. Terms apply.
Claim Bonus
🔵 GET £20 IN FREE BETS WHEN YOU BET £5 🔵
18+ New UK & ROI Customers only. Min deposit £5. Min first £5 bet at minimum odds 1/2 to qualify for 1x 20 free bet. Certain deposit methods and bet types excl. Free bet valid for 7 days, stake not returned. Restrictions + T&Cs apply.
Claim Bonus
GET A £30 MATCHED FREE BET IF YOUR FIRST FOOTBALL ACCA LOSES!!!! 🙌🙌🙌
*New UK customers only. Min Deposit: £5. Maximum Free Bet: £30. First bet on a Football multiple with 3+ selections. Overall odds: 3.00 (2/1) or higher. Free Bets available upon settlement of the qualifying bet. Debit card deposits only. This is offer is valid for 7 days from your new account being registered. 18+ BeGambleAware.org Full terms apply.
Claim Bonus