Bolton Wanderers avoid winding up order in court over unpaid taxes

The club are in dire financial straits, but have been given a few extra weeks to work out a deal

Bolton Wanderers, wind up order, High court, debt,

Image: Peter Byrne / PA Wire/Press Association Images

Financially troubled Championship club Bolton have avoided being wound-up immediately in the High Court.

The case has been adjourned until the 22nd of February, giving Wanderers 35 days to reach an agreement with HM Revenue and Customs over their unpaid taxes.

The club are £183m (€240m) in debt, and have had a number of difficulties in paying wages to players and staff off the pitch, as well as being rooted to the bottom of the Championship table on it. 

Speaking this morning, assistant manager Steve Walford stated that the players are expected to be able to concentrate on the pitch, so there should be no excuses for poor performances: "That's what they're paid for...when they do get paid. That's what they're paid for, to go and play football, not worry about what's going on off the field".

Manager Neil Lennon has previously outlined the nature of the situation, highlighting that players could sever contracts over the lack of wages being paid, as well as the fact that if an offer comes in during the January transfer window, they will be unable to reject it given their finances are in disarray.