A winding-up petition brought against Bolton has been suspended after the club was placed into administration. At a hearing on Wednesday, the Insolvency and Companies Court in London was told that administrators were appointed on May 13, leading Judge Sally Barber to formally suspend the petition. Bolton chairman Ken Anderson withdrew funding for the club several weeks ago, while a proposed takeover from Laurence Bassini collapsed, forcing the club into administration after their relegation from the Championship had already been confirmed. On Tuesday, non-playing staff were told they would be paid this week but only from the date the club entered administration. Bolton, who will start next season in League One with a 12-point deduction, still owe more than £1m to Revenue and Customs.
Source: Irish Examiner May 22, 2019 11:13 UTC