Report: Bolton takeover talks break down
Bolton Wanderers are in an even more alarming financial position, after reports of potential owner Laurence Bassini missing a deadline on Monday to provide proof of his financial capital.
Bolton’s current owner Ken Anderson made the deadline before the weekend, a weekend which saw Bolton’s match against Brentford postponed as the players are refusing to play due to not having been paid their wages last month. But now, per The Times, it looks as though Bassini won’t become the club’s new owner after all, putting the club in a precarious state.
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It’s a sad state of affairs for Bolton, a once-proud club that was a mid-table side in the Premier League less than a decade ago. The club featured Stuart Holden and later Tim Ream, cementing its American connections, but has now come on very hard times. Relegation has already been confirmed, with the club in 23rd place in the Championship, but it could go into administration or cease to be a club if the team continues to fail to pay its players and staff.
Over the weekend, it was reported that the Championship is compelling Bolton to complete its final two matches against Brentford and Nottingham Forest, even if the first team players refuse to play. That could mean potentially using youth players in what would be a mockery of the game, pitting boys against men because of the league’s bylaws and club’s inability to pay wages that were promised contractually.