SI.com · Aug 27, 2019
Bolton Confirm They Remain in Takeover Talks in Attempt to Avoid Liquidation
Bolton Wanderers have confirmed that they remain in negotiations with a potential buyer, as they fight to avoid liquidation.
The club confirmed on Monday that their initial takeover bid had collapsed, and they had until 5pm on Tuesday to finalise a deal or their EFL status would be revoked, which would ultimately force the club to cease trading.
Fortunately, they have now taken to their official website to post a statement from joint administrator Paul Appleton, in which he claims to still be working on a solution before the deadline on Tuesday.