What can happen if you do not take on the debt (1 Viewer)

Bolton’s wanders plight as predicted has taken a massive turn – Instead of been purchased by it seemed the only interested party Laurence Bassini - (Bassini would have taken on huge debt if he had been successful) - the deal collapsed and the club went into administration – This morning things have taken a massive turn about as there are 30 separate interested parties in taking the club on – In-fact the administrators have had to put some rules in place due to the amount of interest – any potential bidders will need to provide proof of funds worth 25 million and deposit £25,000 to just access financial information

Esoterica said:

I dread to think what chancers were crawling out of the woodwork once the administration was confirmed. Would be surprised if that 30 interested parties is higher than 2 after the admin's conditions kick in.

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They won't talk to anyone without the £25,000 upfront (non-refundable) or proof or funds £25 million