Bolton Wanderers could be forced to sell players next month or the club faces a “very uncertain future”. Those are the thoughts of club financial advisor Trevor Birch, as covered by The Bolton News.
Birch this afternoon has released a statement on the official club website, bringing supporters up to date with the latest developments regarding the perilous financial situation at Macron Stadium. He revealed that players will receive their December wages, mainly because the club has sold property to finance that. The selling of offices around the stadium has left to this short-term financial gain.
However Birch warned that more funds are needed to pay off a large tax bill, to make sure they avoid a winding up order and continue to pay the salary of the players. He believes players could well be sold to help the club meet those targets,
“We’re continuing to work through what is an extremely challenging time for the football club.
We still have an immediate and critical funding requirement to enable the club to survive and provide a breathing space in the short term to complete a sale of the club.
The recent sale of some property assets has assisted, together with the support of the PFA, but we need to raise further substantial funds and player sales cannot be ruled out.
We are still working to the deadline of the winding up hearing on January 18 and unless we are successful in our efforts the club faces a very uncertain future.”
Birch went on to reveal that the club are still in discussions with a number of interested parties regarding a takeover of the football club.
Neil Lennon and his Bolton side ended a lengthy 17 game winless run when defeating local rivals Blackburn Rovers at the weekend. They still remain bottom of the table however.
There has already been talk about players potentially leaving the Lancashire club prior to Birch’s statement today. Midfielder Josh Vela is a target for Championship rivals Cardiff City according to WalesOnline.