BOLTON MAY GET £15m ES­CAPE

The Football League Paper - - INSIDE - By Chris Bai­ley

BOLTON WAN­DER­ERS chair­man Ken An­der­son claims it is un­likely that the £15m loan left by pre­vi­ous owner Ed­die Davies will have to be paid back.

The club are es­ti­mated to be in £30m of debt, though An­der­son – bid­ding to be­come the Trotters’ sole owner – in­sists that’s far from the truth.

And with £171m of Davies’ orig­i­nal £186m loan al­ready writ­ten off, An­der­son – who is in close con­tact with the for­mer owner – feels the rest will fol­low suit, al­though the club’s high wage bill means tough de­ci­sions need to be made.

“It has been widely said to be £30m but that is not the case,” he said. “That in­cludes Ed­die Davies’ loan, which is not re­payable at this mo­ment. He has ex­tended it and the cir­cum­stances are that it is un­likely we’ll have to re­pay it.

“We’ve got to the stage where come the sum­mer we have worked out how this club can be sus­tain­able.

“The big­gest prob­lem is high-cost play­ers.

“Twenty play­ers went last sum­mer and by the end of this sea­son we can re­ally get this club back to some de­gree of sus­tain­abil­ity.”

An­der­son and di­rec­tor Dean Holdsworth led the Sports Shield con­sor­tium that bought Wan­der­ers in March, and now need to strike a deal to avoid ad­min­is­tra­tion.

An­der­son feels Bolton’s heady days of the Premier League will con­tinue to be­come a dis­tant mem­ory.

He con­tin­ued: “In the past we had Ed, and from what I can see he was putting in an av­er­age of be­tween £15-18m a year into the club.

“The down­side of that is that if that bene­fac­tor with­draws you end up where we were last March.”

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