CHAMPIONSHIP football club Bolton Wanderers has secured a welcome reprieve in its battle to survive an ongoing spat over a £2.2m tax bill to HMRC.
Bolton’s legal team briefed a High Court judge on Monday that it was taking significant steps to generate the cash and pay the outstanding amount. More evidence is set to be heard at a further hearing in May.
The Trotters announced on Friday that it had sold its training ground to Wigan Athletic.
It was granted a 14 day adjournment by the High Court in a bid to firm up a deal with Sports Shield Consortium – the potential new owners of the club.
Club owner Trevor Birch, said: “Whilst this continues to be a challenging time for everyone associated with the club, we are confident that this adjournment will give us the necessary time to conclude a transfer of ownership of the club, subject to approval from The Football League.”
A number of parties have expressed interested in a takeover of the business.
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year
Lord Howard Leigh of Hurley discusses the government’s initiatives to mitigate tax avoidance and evasion