Championship side Bolton Wanderers could be placed into administration and face a 12-point fine over the club's financial woes. Owner Ken Anderson issued the warning after his offer to repay a £4m ($5.2m) loan, with interest, had been rejected by creditors BluMarble Capital. The club has already announced that it will not pay any of its players until further notice. Anderson said BluMarble's actions could "substantially reduce the value of the club" and make it harder to find a future buyer.
Championship side Bolton Wanderers could be placed into administration and face a 12-point fine over the club's financial woes. Owner Ken Anderson issued the warning after his offer to repay a £4m ($5.2m) loan, with interest, had been rejected by creditors BluMarble Capital. That leaves a £13m payment gap for the next 12 months, according to the Bolton News. Anderson said BluMarble's actions could "substantially reduce the value of the club" and make it harder to find a future buyer.