Bolton Wanderers avoid administration, and reduce financial costs
Bolton Wanderers have avoided administration, and the 12-points deduction and two-year player transfer embargo that would have entailed.
Yesterday the Championship club feared it could be placed into administration over a dispute with its creditor, BluMarble Capital.
Club owner Ken Anderson revealed he had offered to repay BluMarble its £4m loan, plus interest, but said his offer had been rejected, which could have led to administrators being called in, and the consequences that would have involved by breaching league rules.
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