Bolton aim to sell off a car park to raise funds

Date published: Thursday 21st January 2016 1:05

Macron Stadium: Bolton selling a carpark

Macron Stadium: Bolton selling a carpark

Bolton will have a validation order heard on Friday as they try to push through a deal to sell a car park to raise funds.

Wanderers’ non-playing staff were not paid their salaries on Thursday, just three days on from a High Court hearing that had granted them a five-week extension to remedy their financial problems after HM

Revenue and Customs had served them with a winding-up petition over an unpaid tax bill of £2.2million.

It’s believed¬†the Championship club are confident they can sell a car park at the Macron Stadium, which is adjacent to the Middlebrook Retail Park, but they need to purchase a small piece of land before offloading that as part of a bigger deal.

As accounts are frozen whenever a winding-up petition is filed, Bolton will need to get permission to proceed with that property deal at Friday’s hearing which could then pave the way for the sale of the car park, which is seen as critical after deals to transfer Mark Davies and Zach Clough fell through.

That would then allow them to pay both their staff and players for this month and ease their money troubles slightly ahead of another High Court date on February 22.

A Bolton statement read: “Bolton Wanderers can confirm that a third validation order hearing has been set for Friday 22 January. The granting of the order would then allow the club to take further steps towards resolving the immediate and longer term funding issues.

“Every effort continues to be made by the board of directors and its advisers to pay staff their due salaries for the month of January and the club again thanks all its staff for their continued support and commitment at a most challenging time.”

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