I … Championship club Bolton's debt is up to £172.9m after announcing a loss of £9.1m for the 2014 financial year. Bolton’s debt was £200m, and though Davies wrote off £170m of that, the club was still unable to pay tax owed, or their overheads, forcing them to sell assets, such as their training ground. Relegated in April for the second time in three seasons, Bolton were forced to begin their campaign with a 12-point deficit - the standard punishment for teams in administration. Bolton Wanderers will not be entering administration after paying off a loan to their major creditor. Bolton Wanderers have revealed the full cost of relegation from the Premier League by revealing that the club now stands £163.8m in debt following a … The club left the location following a dispute with the vicar, and changed its name to Bolton Wanderers in 1877. The club starts £41m in debt with a repayment of £500k pm so the first port of call is to find £6m a year for the next 7 years on top of the standard operating turnover required. Club News Ali Crawford signs Two-Year Deal with Wanderers 3 July 2020. Bolton … I will not be hoping for a quick takeover or anything to help clear this quicker. It was initially run from the church of the same name on Deane Road, Bolton, on the site where the Innovation factory of the University of Boltonnow stands. The name was chosen as the club initiall… The club was founded by the Reverend Joseph Farrall Wright, Perpetual curate of Christ Church Bolton, and Thomas Ogden, the schoolmaster at the adjacent church school, in 1874 as Christ Church F.C.