Bolton Wanderers: Relegated club set for administration with owner Ken Anderson left ‘with little or no choice’
Laurence Bassini has attempted to push through a takeover but has failed to provide proof of funding
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Your support makes all the difference.Bolton chairman Ken Anderson has announced he will be forced to place the club in administration.
Wanderers had hoped to complete a takeover deal with Laurence Bassini, but the former Watford owner has failed to provide proof of funding, while the club will face a High Court winding-up order later on Wednesday.
“Mr Bassini, regrettably his continued time wasting and empty promises have caused a great deal of heartache and frustration for the staff and supporters alike and now leave the Eddie Davies Trust and I with little or no choice other than for one of us to place the businesses into administration, as any likelihood of finding any resolution (in) the High Court hearing (is) not possible,” Anderson said in a statement on the club’s official website.
“This had been a massive disappointment to me as I understand the serious implications administration will bring to the businesses.
“But I have been left with no alternative, as this course of action will preserve the football club and all of its proud history.”
Bassini insisted last week that he was in full control of the club.
“I have taken control of the club this morning and instructed staff not to make any further statements,” Bassini told Sky Sports.
“I have proof of funds and a watertight contract, Ken Anderson is not able to do what he is doing to this club, and it has to stop.
“Ken Anderson cannot sell the club to anyone else, he is on notice and would be in breach of contract should he try to, I am the only person who can buy Bolton Wanderers.
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