Bolton Wanderers given two weeks to clear debts and find buyer

The struggling club have been offered a lifeline to avoid a winding-up order - and possible administration.

Author: Tom DambachPublished 20th Mar 2019

Bolton have been given two weeks to settle their debts and avoid a winding-up order, a High Court hearing in London has ruled.

The Sky Bet Championship club has won a reprieve with the hearing adjourned until April 3.

Bolton, issued with a winding-up petition by HM Revenue & Customs in February over an unpaid tax bill for £1.2million, faced administration or liquidation, but now have two weeks to find a buyer.

Barrister Hilary Stonefrost, representing Bolton, told the court the club have a potential buyer lined up who "already owns a major stake in a high-level football club''.

She asked for a 14-day adjournment to give the club time to complete a sale and settle its debts.

Judge Clive Jones, sitting in the Insolvency and Companies Court in London, adjourned the case until April 3.

Some fans made the trip from the North West to find out the fate of their club.