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Bolton Wanderers’ shareholder wins time in bid to avoid being wound up

A lawyer for BluMarble told Mr Registrar Briggs an agreement was awaiting approval from the English Football League.

A company with a 37.5% shareholding in Bolton Wanderers has won breathing space in its bid to avoid being wound up.

A lawyer for the creditor, finance company BluMarble, told Mr Registrar Briggs on Monday that agreement had been reached in principle but was still awaiting approval from the English Football League.

“We seek the court’s indulgence for a further 14 days for the League to consider the proposals,” said counsel Matthew McGhee at the brief hearing.

The judge, sitting at London’s High Court, adjourned the matter until August 21.

Bolton – one of 12 founding members of the Football League in 1888 – have won the FA Cup on four occasions and once had Nat Lofthouse, one of the most famous names in the history of the English game, in their ranks.

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