Updated: 10th November 2015
Bosses of Bolton Wanderers Football Club have denied claims that they are considering entering the business into administration.
The claims were made recently in a news report from the Daily Mail but representatives of the football club have insisted that administration is not under consideration and that no jobs are currently under threat at the club.
A statement published on the Bolton Wanderer’s website said: “Whilst the club acknowledges it is going through a challenging time, there have been no threats to any staff jobs in the immediate future.
“After consistent backing from owner Eddie Davies, the club continues to seek fresh investment in what is a difficult and challenging economic climate.”
Having been in the Premier League since the early 2000s, Bolton Wanderers were relegated to the second tier of English football, now called the Championship, in 2012 where they have been ever since.
Earlier this year, it was revealed that Championship football clubs were operating with a collective debt level in excess of £1.1 billion, with Bolton the most heavily indebted of the 24 clubs in the division.
Figures released in April revealed that the Greater Manchester football club has debts worth more than £170 million, the majority of which is owed to the club’s owner Eddie Davies.
“There’s no doubting that the transition to the Football League has been a challenging one,” said the club’s chairman Phil Gartside in a statement when Bolton’s debt figures were announced.
“Eddie Davies continues to provide a humbling level of support to the football club, and as a wider business we are continuing to develop our non-footballing operations.”
The Daily Mail’s recent report claimed that some of the club’s non-playing employees are concerned about their job security and have been actively seeking employment elsewhere.
A spokesperson from Bolton Wanderers categorically denied that there is a possibility of the club entering administration.
If Bolton Wanderers were to enter administration, they would be sanctioned by the Football Association and docked points in the Championship, which would increase the likelihood that the club will then be relegated down into the third tier of English football. Our extensive office network comprises 100 offices across the UK with a partner-led service offering immediate director advice and support.