Bolton granted a 14-day adjournment by the High Court...

[campo21]

WANDERERS are celebrating after being granted a 14-day adjournment by the High Court to complete their takeover.

The club were faced with a winding up petition from HMRC over an unpaid tax bill worth £3million but lobbied the court to give them extra time to get a deal over the line.

Sports Shield, the consortium led by ex-Wanderers striker Dean Holdsworth, are now in a position to buy the club from Eddie Davies although the details of their bid must first be approved by the owner, and then the Football League.

Paperwork on the deal was signed and completed just minutes before today’s hearing in London, which led to a brief delay as a witness statement was read.

Had an adjournment not been granted then Wanderers would have had to seek a short adjournment to file for administration, which would have carried an instant 12-point penalty and meant almost certain relegation from the Championship.

HMRC had lobbied for liquidation – which would have meant the sale of all assets

[campo21]

Thank you so much for saving us for another 2 weeks Trevor & Richard what a joke,it just buys Davies more time to sell more of our assets off.