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Manx-owned championship side faces winding up

Bolton Wanderers in critical position

A Championship football club owned by a Manx-based businessman could be wound up after a petition from the UK taxman.

Bolton Wanderers, which is owned by Ballasalla-based Eddie Davies, confirmed this afternoon it’s received a winding up petition from HMRC over unpaid income tax and VAT for November.

Mr Davies, who bought the club in 2003, is in talks to sell – having ploughed around £185 million of his own fortune into the side.

A spokesman for Bolton Wanderers says the club is in a critical financial position and is trying to finalise a sale or raise funds to provide a breathing space.

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