Former player Dean Holdsworth heads up a Company Sports Shield BWFC who own 37% of Bolton Wanderers Football Club. He has now had to put the Company into liquidation which has prompted the EFL to notify that they are to carry out a full investigation next month. The fear is that Bolton FC are now likely to face a points deduction.
This has been coming from day 1, absolute house of cards. Wasn't there a test case some years back about a holding company being wound up, and it still being considered to be the same effect as the football club itself? can't recall who it was or what the outcome was, but it certainly rings a bell.
Nothing has happened yet and it probably won't either, I bet Bolton will get just a warning from the Efl.
Southampton in 2009? They then had to start the following season, 2009/10, in Division 1 on -10 points.
I wish they were a bit more strict and consistent on enforcing the financial rules. We don't want to see clubs being bailed out because they struggle to be resposible yet get away with it without much consequense, if any.
Yes thats correct they got relegated from the championship all by themselves so the 10 point deduction carried over into the next season in L1
That's about as much will be done to them then they're ready for an onslaught of promotions straight to prem league and 100 mill in coffers.
Its disgraceful that this so called financial fair play thing has been so openly ignored by most clubs. Did Q.P.Rangers ever get properly fined for breaking these rules when they went up in 2013-14, under Colin W*ker ?.