Firm with 37.5 per cent shareholding in Bolton wound up

A company with a significant shareholding in Sky Bet Championship side Bolton Wanderers has been wound up.

Sports Shield BWFC Ltd had been given time to reach an agreement with a creditor, finance company BluMarble.

The Bankruptcy and Companies Court in London was told at a previous hearing the agreement had been reached in principle but was still awaiting approval from the English Football League.
But on Monday counsel for BluMarble, Tom Leary, told Ms Registrar Barber: „The settlement has not been forthcoming.“

In a hearing that lasted a matter of minutes, the registrar agreed to his request for a compulsory winding up order against the company, which has a 37.5 per cent shareholding in Bolton.

Wanderers are one of 12 founding members of the Football League in 1888 and have won the FA Cup on four occasions.

They enjoyed a lengthy spell in the Premier League between 2001/02 and 2011/12 but have suffered some financial problems since relegation and spent 2016/17 in League One, before bouncing back up to the Championship at the first attempt.

A statement issued by the club’s chairman Ken Anderson read: „Once again, l would like to reiterate that the application was against Dean Holdsworth’s company Sports Shield BWFC and not the club, although l accept that there could be detrimental knock-on effects for the club, but l am doing my utmost to ensure this does not happen.

„As l have said in the past, if someone with the wherefore and financial resources to take the club forward comes along, then l am always happy to meet with them.

„So far, however, the various people who have said they are in a position to do so have been unable to provide financial proof of funds and to be honest, have wasted a great deal of our time.

„Furthermore, the vultures and pariahs need not apply as this club has achieved a great deal over the last 18 months and is not in the financial position it was when l first became involved.

„It is a much more attractive proposition on the field as well having achieved promotion from League One at its first attempt, which in itself is a major achievement and even more so when you consider the transfer embargo.“Euro Soccer Bonus

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