Bolton Wanderers owe £6,000 in cheese pasties as £25MILLION financial troubles are laid bare
BOLTON'S financial crisis is so deep they even owe £6,000 to a local pasty company.
The League One club are poised to be sold to Football Ventures, the company chosen as the preferred bidder by the administrators.
And those administrators have some shocking details in their reports about the financial mismanagement of the once-Premier League outfit.
As reported by the , a total of £MILLIONis owed to 294 different secured and non-secured creditors.
Parties such as the HMRC (£2.47m), Bolton Council (£1.75m) and gas and electric company Yu Energy (£517,420) are owed huge amounts.
But unsecured creditors are only set to receive 35p in the pound once the sale of business and assets has taken place.
SPIRALLED OUT OF CONTROL
And that means Carr Pasties, based on Manchester Road in Bolton, could see themselves end up with just £2,100 from the £6,000 they are owed.
The figures lay bare the harsh reality of how things have spiralled out of control during Ken Anderson's controversial three-year spell in charge.
Anderson, however, and late owner Eddie Davies are classed as "secured creditors" and should see their percentage returns in a lot better state than the pasty company.
The deal to buy Bolton Wanderers is worth just over £24m in total.
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Football Ventures are a a consortium made up of London-based business experts Sharon Brittan and Jeff Thomas and Michael James, who is a secured creditor of Bolton Whites Hotel.
They have already paid a non-refundable £1m deposit to see the club to the start of the new league season - one where they will start with a 12-point deduction.
Almost £1m will be due to the administrators' for their fees.
