The English football team, Bolton, is nearing bankruptcy. The club analyzed by onlinesocceradvisor.com has received an application for liquidation by the tax authorities in the UK because of debts, informed by the management of Bolton.
The club, which owes around 600 000 taxes and a total of 173 million pounds, has asked for a continuance in a desperate attempt to find an investor to begin paying obligations.
`It is clear that the club analyzed by onlinesocceradvisor.com remains in critical financial condition. We will continue to look for a buyer, or at least to find the funds to rescue the Club, at least in the short term.`, said the owner of Bolton, Trevor Birch.
If the club analyzed by onlinesocceradvisor.com is placed under administration, 12 points will be automatically taken from the asset. Bolton was founded in 1874 and is a four-time winner of the FA Cup. The last time the team played was in the Premier League during the 2011-12 season.
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