Bolton Wanderers Face Going Into Administration

English Championship side Bolton Wanderers reportedly will go into administration by Tuesday morning, following its creditor BluMarble Capital Ltd refusal to accept payment of debt owed.
The club face losing 12 points as a penalty for sliding into administration, and will be put transfer ban for at least two seasons, a consequence which might reduce it market value.
According to a statement from the club owner Ken Anderson, he concernly believed their creditor "will live to regret" forcing the club into administration in spite effort to repay £4 million owed including interest accrued.
"In my opinion their actions will substantially reduce the value of the club in respect of any future sale," say Anderson " and will make it far more difficult to find a future investor/buyer."
BluMarble will as a result, take over the management of the club until an interested investor would be found to take over ownership of the club.