Bolton Wanderers secure sale of Euxton training ground
Financially troubled Bolton Wanderers have managed to sell off their training ground just days before a High Court appearance over a £3m unpaid tax bill.
The club, which are £172.9m in debt, have sold the Euxton training facility to League One side Wigan Athletic and are due to appear before the High Court this Monday (February 22).
Last month, Bolton bosses were granted extra time to either raise funds through the sale of assets or attract a buyer for the club.
An official statement read: “Bolton Wanderers can announce that the club has concluded a deal to sell its Euxton training ground.
“The facility will now be solely owned by Huron Properties, with another North West football club set to be based at the Euxton site from this coming summer.”
Wigan Athletic, which confirmed the transaction on their website, will train at Euxton from the 2016/17 season onwards.
According to FC Business, Wigan chairman David Sharpe commented: “It’s integral to our future success that we have a high quality first team training ground, and an academy based in one location enabling it to grow and develop the players of the future.”
Following the deal, Bolton Wanderers will continue to operate from their Lostock training ground and Macron Stadium.
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Why global conflict is a cyber risk for UK SMEs
Improving safety and standards in construction
From economic engine to community ecosystem
Improving North East transport will improve lives
Unlocking investment potential before year end
Give us certainty to deliver better homes
Hormuz: Safe passage - not insurance - the issue
Don't get caught out by employment law change
When literacy thrives, our businesses thrive too
Building a more diverse construction sector
The value of using data like a Premier League club
Raising the bar to boost North East growth