Bolton Wanderers to appear in High Court over wind-up petition

Sky Bet Championship side Bolton Wanderers will appear in the High Court over a wind-up petition issued by HM Revenue & Customs.

A petition filed on 4 February was published earlier today.

Bolton’s owner, Ken Anderson, refused to reveal information about an ongoing potential takeover; however, he stated that media reports of foreign investment are “pure fiction”.

The statement said:

“First and foremost, l will never disclose the identity of any of the prospective buyers as Non Disclosure Agreements (NDAs) usually prevent this and rightly so.  As far as l am aware, the comments about a Turkish buyer are pure fiction and to the best of my knowledge are yet more speculation that seems to have been generated by the media.

“There have also been various other postings about a North West consortium backed by Russian money. Again, this is pure fiction. Unfortunately, a number of people like to portray that they know more than they actually do and speculate on what’s happening and generally speaking, it bears no relation to the truth and reality of what is really happening.

“The facts are that there is a consortium with which heads of terms were agreed and discussions are ongoing. There has, over the last week or so, been further interest from several other consortiums who have all signed NDAs and discussions are also ongoing with them.

“Everything else that has been said or written can be ignored as it is total fiction. “

A winding-up petition is a legal notice submitted to court by a creditor who is owed money by an organisation. The creditor can issue the petition if the total amount owed is over £750 and it is overdue by 21 days or more.