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.
Research also finds that 84% of businesses believe that the government has not provided enough information about digital tax plans
Three new partners and seven business restructuring advisers have been appointed to the new Preston office
A total of £16bn was lost through tax fraud last year, according to estimates released by Pinsent Masons
Peter Terry joins the North West advisory team