Bolton receive winding up petition from HMRC over unpaid tax bills

 
Joe Hall
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Bolton Wanderers v Millwall - Sky Bet Championship
Bolton's players went unpaid in November (Source: Getty)

Bolton Wanderers have received a winding-up petition from HMRC over unpaid PAYE and VAT tax bills.

The Championship club is believed to be losing £1m per month and has outstanding bills owed to HMRC worth around £600,000.

Its playing squad, currently positioned bottom of the Championship, went unpaid in November as owner Eddie Davies and club advisor Trevor Birch look to find a buyer.

Bolton, who have £172.9m in debt, had asked for additional time to arrange a sale or find additional funds but HMRC decided to serve the petition which increases the threat of administration.

Trevor Birch, who is acting as financial advisor, said:

Quite clearly the club remains in a critical financial position. We will continue to try and finalise a sale or alternatively raise some short term funds needed to give the club a breathing space and time in which to consider its options.

Four parties are reported to be interested in a potential purchase of the club, yet if a deal cannot be reached Birch may have to file for registration which carries with it an immediate 12 point deduction in the Football League.

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