Bolton Wanderers Shareholder Sports Shield BWFC Liquidated After Court Hearing
A company which owns more than a third of shares in League Championship club Bolton Wanderers "has been liquidated," according to Andrew Aloia of the BBC. Sports Shield BWFC Ltd., owned by former Bolton striker Dean Holdsworth and part of a takeover in March '16, "was wound up on Monday." The winding-up petition was lodged by BluMarble Ltd. "in relation to non-repayment" of a £5M loan. The loan, which because of accumulated interest is understood to be closer to £7M ($9M), "was secured against club assets." Previously, Bolton Chair Ken Anderson said that Holdsworth "failed to tell" the club of the arrangement. Sports Shield and Anderson's Inner Circle Investments "saved Bolton from financial collapse" when they completed their takeover by taking control of previous Owner Eddie Davies' 94.5% share. In May, Anderson said that Inner Circle Investments acquired approximately 30% of Sports Shield "to assist with resolving the matter with BluMarble," leaving Sports Shield with a 37.5% share and Inner Circle with 57.5% (BBC, 8/21).