English League 1 side Bolton Wanderers are on the verge of extinction.
After last weeks nail-biting attempt to save the life of Bury FC. Which still hangs in the balance.
Today we see another English League side who has a heritage to match that of Bury’s on the verge of extinction too.
According to the BBC.co.uk, the football club known as Bolton Wanderers will be placed in liquidation on Wednesday if a suitable buyer is not found.
Up until yesterday, a buyer was in place. Now it appears that deal is off and the future of the club hangs in the balance.
The club has a 145-year history and was playing the Premier League as recently as 2012.
The statement by club administrator Paul Appleton said:
“Unless there is a change of position from any of the parties involved, the process of closing down the club and ultimately placing Bolton Wanderers into liquidation will begin this week.”
“At this stage, there seems little point in apportioning blame because that makes no difference to the staff, players, management, supporters and the community who have once more seen their club taken back to the brink.”
“On Sunday evening, there was some tentative dialogue but we are still some way from reaching a solution.”
“Therefore, I am appealing to those parties whose position seems intractable to do everything to reach a compromise.”
“In just over 24 hours, the club will have its membership of the EFL revoked.”
“Over and above that, the club is currently not in a position to carry on trading and, as such, the process of closing down the company will commence on Wednesday.”
“This will ultimately lead to its liquidation, the expulsion of the club from the EFL and the inevitable loss of over 150 jobs.’
“More than that, it will devastate a community for whom the football club is a beacon of hope and expectation.”
Even though Bury FC arranged a deal, there are still doubts as to whether or not it can be finalised by the deadline of Tuesday.
That said if both clubs fail to organise their affairs, after 5 pm on Wednesday, two of the oldest professional football clubs in world football could cease to exist.
📰 Statement on behalf of Paul Appleton, Joint Administrator for Bolton Wanderers.
— Bolton Wanderers FC (@OfficialBWFC) August 26, 2019