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Neil Lennon's problems deepen at troubled Bolton

By Liam Blackburn

Published 21/01/2016

Tough times: Neil Lennon’s Bolton face financial crisis
Tough times: Neil Lennon’s Bolton face financial crisis

Neil Lennon's headache at cash strapped Bolton appears to be getting worse after it emerged the club's staff would not be paid on time.

A financial crisis continues to rage at the Macron Stadium with former Northern Ireland international Lennon right in the middle of it.

Earlier this week Wanderers appeared in the High Court over a £2.2million unpaid tax bill to HM Revenue and Customs and, despite the tax authority's attempts to wind them up, they were given a five-week adjournment to remedy their problems.

It is understood the Sky Bet Championship club are confident they can sell a car park at the ground, which is next to the Middlebrook Retail Park, to ease their debt, while also ensuring they finance wages for both staff and players.

But with that deal still yet to go through, Bolton are unable to guarantee that their staff will be paid on time today.

A statement on their official website read: "Bolton Wanderers has stated that due to the ongoing uncertainty surrounding the club's current funding position, it has been unable to confirm to its staff today that they will receive their wages for the month of January on the due dates.

"Every effort continues to be made by the board of directors and its advisers to pay staff and also resolve the longer term funding issue during what remains a difficult and challenging time for the football club."

Staff were paid on time last month, despite fears that they would miss out on their pre-Christmas pay packet, but it is understood the money was not raised by owner Eddie Davies, who has withdrawn his financial support and is looking to sell.

Lurgan native Lennon's players did not receive their November wages, though, and only the sale of offices at the ground, combined with a contribution from the PFA, meant they were paid last month.

While financial advisor Trevor Birch negotiates with four interested parties about a takeover from Davies, everything is up for sale at the Macron Stadium, including assets and players.

The respective sales of Mark Davies and Zach Clough to Sheffield Wednesday and Bristol City would have raised in excess of £2million but they both fell through last week and it may get to the stage where Bolton have to consider loaning players out just to get them off the wage bill.

The Championship club have already revealed they cannot afford to pay ex-Newcastle striker Shola Ameobi after his short-term deal expires at the weekend.

Belfast Telegraph

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