Bolton Wanderers football club, the former club of Nigeria’s ace footballer, Jay Jay Okocha, face being expelled from the English Football League (EFL) after a proposed takeover of the troubled League One (third-tier) club collapsed, the administrators made this known on Monday.
Bolton, who have been in administration since May, started the season with a 12-point deduction and manager Phil Parkinson and his assistant Steve Parkin resigned last week.
A deadline of till 5:00 p.m. BST (1600 GMT) on Tuesday has been given to the club to find a buyer or “give compelling reasons for an extension” after a takeover deal that would have rescued them from liquidation fell through on Saturday.
“In just over 24 hours, the club will have its membership of the EFL revoked,” joint administrator Paul Appleton said in a statement on Bolton’s website.
“Over and above that, the club is currently not in a position to carry on trading and, as such, the process of closing down the company will commence on Wednesday.
“This will ultimately lead to its liquidation, the expulsion of the club from the EFL and the inevitable loss of over 150 jobs.
More than that, it will devastate a community for whom the football club is a beacon of hope and expectation.
Founder members of the Football League in 1888, Bolton won the FA Cup three times, in the 1920s and in 1958, but have struggled since being relegated from the Premier League in 2012.”
Nigerian ace footballer, Jay Jay Okocha played for the club between 2002 and 2006, making 114 appearances and also scoring 14 goals. Okocha joined the club after spending four years at Paris Saint Germain.