Home / Sports / Bolton sale hopefully completed this week, says chairman Ken Anderson | Football News

Bolton sale hopefully completed this week, says chairman Ken Anderson | Football News

Players and staff to be paid February wages on Friday – Sky sources

Last Updated: 06/03/19 2:16pm

Bolton players and staff are still waiting to be paid for February

Bolton players and staff are still waiting to be paid for February

Bolton players and staff are still waiting to be paid for February

Bolton chairman Ken Anderson is hopeful the club’s sale will be completed this week as he continues negotiations with several parties.

Anderson said the delays in the takeover process have been “disappointing” but to be expected, citing examples of Newcastle, Hull, Wigan and Charlton.

He also dismissed reports he is to receive a big profit in the sale of Bolton.

His statement read: “I can confirm that discussions are ongoing with several parties and I am hopeful that completion will happen this week.

“I would like to be able to give you more information as to why the transaction was delayed, but unfortunately, as l am sure you will appreciate, I am restricted by NDA (non-disclosure agreements) and confidentiality clauses.

“It is important however to appreciate that these transactions take time as was clearly seen with the recent Wigan takeover.

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Highlights from the Sky Bet Championship game between Swansea and Bolton

Highlights from the Sky Bet Championship game between Swansea and Bolton

“The sale price being quoted is very wide of the mark. Indeed, the proposals that I have had would effectively recoup what I paid for my shares, so no huge profit as is constantly stated in the media and social media.”

Sky Sports News understands Bolton’s players and staff have been told they will be paid their February wages on Friday.

Bolton Council met on Tuesday to discuss the club’s safety certificate and were not satisfied that the club were able to meet the required legal standards.

The Safety Advisory Group (SAG) agreed to give the club until 1pm on Wednesday to provide adequate reassurances, otherwise Bolton Council would be legally forced to issue a prohibition notice.

It is believed those assurances will be forthcoming from the club on Wednesday with official confirmation expected later in the day.

Bolton are due in court next month to face a winding-up petition issued by HM Revenue and Customs, with the hearing scheduled to be held in the High Court on the morning of March 20.

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