Bolton Wanderers: Sports Shield BWFC wound up at court hearing

Published on: 21 August 2017

Bolton are yet to win a match in the Championship since winning automatic promotion back to the second tier

A company which owns more than a third of shares in Championship club Bolton Wanderers has been liquidated.

Sports Shield BWFC Limited, owned by ex-Bolton striker Dean Holdsworth and part of a takeover in March 2016, was wound up at London's Bankruptcy and Companies Court on Monday.

The winding-up petition was lodged by BluMarble Ltd in relation to non-repayment of a £5m loan.

Sports Shield was not represented at the brief court hearing.

A statement from Bolton Wanderers said: "We welcome the verdict and are currently speaking with our professional advisors."

The English Football League would not immediately comment on what the liquidation of Sports Shield, which maintained a 37.5% share in the Championship club, would mean for Bolton.

Monday's hearing had been adjourned by 14 days at the EFL's request, as they considered a proposal from BluMarble's lawyers to resolve the issue.

Counsel for BluMarble, Tom Leary, told Ms Registrar Barber on Monday: "The settlement has not been forthcoming."

Earlier in August, Bolton chairman Ken Anderson - who was part of the consortium alongside Holdsworth's Sports Shield group that saved Wanderers from financial collapse - said he hoped the issue with the creditor would be resolved quickly.

In May, Anderson said Inner Circle Investments had acquired approximately 30% of Sports Shield to assist with resolving the matter with BluMarble, leaving Sports Shield with a 37.5% share of the club.

Source: bbc.com

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