One of many sad elements in Boltons financial crisis and other current indignities is that for years they were supported by an owner most clubs would consider ideal. Eddie Davies, originally a Bolton lad, made a fortune marketing the heating elements in kettles and he brewed up 185.5m in loans to Wanderers before pulling the plug in November 2015.
By then Bolton were falling to a hard landing without the parachute payments from their second stint in the Premier League between 2001 and 2012, with players to pay and making heavy losses. In September, just days before he died, aged 72, Davies made one last loan of 5m, to the current owner, Ken Anderson.
Yet for the Bolton supporters anxious and embarrassed about pending winding-up petition…
Read the full article at: https://www.theguardian.com/football/2019/apr/18/watford-former-bankrupt-owner-laurence-bassini-buy-bolton