Bolton settle unpaid tax bill with HMRC
Beleaguered Championship football club Bolton Wanderers pays off remaining £2.2m owed to taxman
Beleaguered Championship football club Bolton Wanderers pays off remaining £2.2m owed to taxman
BOLTON WANDERERS FC has confirmed it has settled and unpaid £2.2m tax bill with HM Revenue & Customs.
The Sky Bet Championship’s bottom club released a statement confirming it expects the winding-up petition against it to be lifted in the High Court on Monday after finally completing the payment.
The Trotters, who recently announced it had sold its training ground to Wigan Athletic in a bid to service its debts, announced earlier this month a deal had been struck between Sports Shield, Inner Circle and chairman Eddie Davies to transfer ownership of the club.
The club said that the Sports Shield consortium, fronted by ex-Bolton striker Dean Holdsworth, and Inner Circle, owned by Ken Anderson, have taken control of Eddie Davies’ 94.5% controlling share of Burnden Leisure.
The remaining 5.5% of the Burnden Leisure shares will remain with individual shareholders.
Davies is also understood to have written off £170m owed to him by the football club.
More about:
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceCompanies will have more trouble raising funds with floating charges as HMRC’s preferential status puts off lenders Read More...
View articleThe Bank’s interest rate cut to 0.25 percent comes amid a list of incentives for SMEs Read More...
View articleHMRC filed 3,484 winding up petitions in 2015, up from the 3,074 applications filed the previous year Read More...
View articleSuggestion R3 has 'rolled over' in face of government pressure is false, incoming president Andrew Tate tells Accountancy Age Read More...
View articleWinding-up order against Montpelier Professional withdrawn, CEO tells Accountancy Age Read More...
View articleSports Shield consortium, fronted by ex-Bolton striker Dean Holdsworth, and Inner Circle, have taken control of Eddie Davies' 94.5% controlling share ...
View articleSolicitors at High Court to run through plans for a buy-out of club by consortium led by former striker Dean Holdsworth Read More...
View articleThe Trotters announced on Friday that it had sold its training ground to Wigan Athletic Read More...
View article