Prospective Bolton buyers must show £25million proof of funds

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Anyone wishing to buy Bolton will need to prove they have at least £25million to take control of the club. Wanderers have been placed into administration after a takeover by former Watford chairman Laurence Bassini collapsed earlier this month. The stipulation was made by administrators Hilco Global, who have set the parameters for a potential sale. Interested parties will also have to pay a non-refundable deposit of £25,000 and sign a non-disclosure agreement. Joint administrator Paul Appleton said in a statement issued via the club’s website: “There has been substantial interest from the moment of our appointment on May 13. Over 30 parties have approached us and we will now begin the process of selecting those best positioned to make a serious offer for the club. “Speed is of the essence in this process and we are advising all those with a serious interest to provide information concurrently to the EFL in respect of their owners’ and directors’ test in order to satisfy those demands. “Hilco have an outstanding reputation in this market and I am confident that we will soon have whittled down the list of potential buyers in order to find the best purchaser for the club and restore the standing of Bolton Wanderers.” Bolton were relegated from the Championship and will start next season in League One with a 12-point deduction as a consequence of going into administration. Players have not been paid since February, leading to them receiving supportfrom the Professional Footballers’ Association, while non-football staff are yetto receive their April salaries. A food bank has been set up at the club to helpthose affected. A winding-up petition against the club was suspended on Wednesday. The club owe more than £1million to HM Revenue & Customs. Topics Bolton, Championship Bolton cleared to stage remaining matches at the University of Bolton Stadium Bolton players approach PFA after wages remain unpaid Ken Anderson announces Bolton’s players have been paid their overdue wages Potential buyer pulls out of Bolton talks FIFA drops plans to expand 2022 World Cup in Qatar from 32 to 48 teams Bury players urge owner Steve Dale to walk away from club Inverness claim Dundee made ‘unsolicited’ approach for manager Robertson Tottenham star ‘will be a Real Madrid player’ after the Champions League final – report Arsenal overtake Real Madrid in race for £20m-rated Argentine – report 7 new rule changes are coming to the Premier League – but are they good or bad? Manchester United 1998/99: still England’s greatest side Ranked! The 8 best captains in Premier League history Manchester United told to pay £50m if they want to sign Premier League rivals’ youngster Tottenham star ‘will be a Real Madrid player’ after the Champions League final – report

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