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Bolton could go into administration

Bolton Wanderers could go into administration today after difficulties with a loan from mysterious Essex firm Blumarble Capital: Administration threat

Before this loan was transferred from Sports Shield (sole director Dean Holdsworth) interest was being charged at 24 per cent a year. There was also a dispute about the 'quantum' of the loan.

I was talking to some Charlton fans yesterday and we were saying what a great job Phil Parkinson has done at Bolton. He had to deal with some rather dodgy owners at Charlton.

Kieran Maguire of the Price of Football has pointed that we are now facing a situation where two Championship clubs could face a 12 points deduction, effectively leaving just one relegation place.

However, he has also argued that Birmingham City could negotiate to reduce their points deduction, just as QPR reduced their fine. Nevertheless, he thinks that the financial position at Blues is unsustainable.

Maguire recently tweeted, 'Would be interesting to know the relationship, if any, between Dean Holdsworth and BluMarble Capital directors. Could be a classic case of revenge being a dish best served cold. Homdsworth’s Sports Shield and Blumarble are located quite close to each other.

Former Bolton Wanderers owner Eddie Davies has sadly passed away aged 72. He bankrolled the club through their glory years in the Premier League. He wrote off £175m of loans when the club was taken over: Eddie Davies

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