Bolton Wanderers' winding-up petition dismissed
Monday 21 March 2016 12:08, UK
Tax litigation involving Sky Bet Championship strugglers Bolton has come to an end at the High Court.
Inland Revenue officials wanted Bolton wound up after complaining that the football club owed more than £2m.
But, in London on Monday, Registrar Clive Jones dismissed the winding-up petition after hearing that the debt had been paid in full.
Earlier this month, he gave the club more time to pay after being told of plans to raise cash.
Club officials subsequently announced that the Sports Shield consortium - fronted by former Bolton striker Dean Holdsworth - had taken control. They revealed on Sunday that Holdsworth had been made chief executive.
Bosses parted company with manager Neil Lennon shortly after Holdsworth's consortium took control. Jimmy Phillips has been put in interim charge.
Bolton, who are bottom of the Sky Bet Championship table, slipped nearer to relegation on Saturday after losing 6-0 at Bristol City.
