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Bolton Wanderers buyer deadline is on track to be met this Friday

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WANDERERS’ administrators do not expect complications before Friday’s deadline for bids to be submitted to buy the club.

The Bolton News understands there has been a decent level of interest shown from parties who have had to pay a non-refundable £25,000 to see the books, show proof of funds for circa £25million and pass the relevant EFL tests for owners and directors.

At least three – but potentially as many as five – bidders have now had access to the ‘data room’ and more interest is expected in the next few days.

No comment has been offered on how many complete bids have been received but confirmation that the process is running promptly will come as a relief to Bolton fans waiting eagerly for news on new ownership.

Confidentiality agreements are in place, meaning the identity of potential buyers will most likely stay under wraps even beyond Friday but administrators hope to have a new name above the door by the end of the month to allow planning to begin for the new season in League One.

With club secretary Simon Marland unable to attend, the club will not have a representative at the EFL’s summer conference in Vilarmoura, Portugal, this week but Wanderers will be voting by proxy on a number of issues such as abolishing extra time in all Checkatrade Trophy rounds outside the final, keeping the ABBA penalty system after last season’s trial and whether printed matchday programmes should continue to be mandatory in Leagues One and Two.

In another proposed rule change, clubs will decide whether to remove the seeding arrangements from the first two rounds of the Carabao Cup, which will remain divided regionally into north and south sections.

A decision on what punishment Wanderers will receive for failing to fulfil their home fixture against Brentford last season is not expected to be made at the meeting, though an announcement is also expected before the end of June.

Meanwhile, Pawel Olkowski – who terminated the final year of his contract with Wanderers last month – is understood to be considering a move back to Poland with Lech Poznan.

The full-back also has options in Germany, where he last played before joining Bolton on a free transfer in summer 2018.

https://www.theboltonnews.co.uk/sport/17681716.bolton-wanderers-buyer-deadline-is-on-track-to-be-met/?ref=mr&lp=1

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