BOLTON had a last-minute High Court reprieve today after promising owner Ken Anderson has agreed to sell the club.
The Trotters faced a winding up order over unpaid debts of more than £300,000 and a £1.2m tax bill.
Getty1 Bolton have 14 days to sell the club or face fuelling Championship chaos
But Judge Clive Jones, sitting at the Insolvency Court at the High Court in London, agreed to a 14-day adjournment after being informed of the imminent sale.
Bolton’s barrister Hilary Stonefrost told the Court: “Mr Ken Anderson is going to conclude the sale of his interests in the club.
“The terms and heads of agreement have been signed.”
She added: “The buyer is somebody who already has a stake in a high level football club.
“The buyer intends to capitalise with new funds to pay any debts in full.”
Pressed outside the Court, Stonefrost declined to name the potential new owner, telling SunSport: “I’m sorry, I cannot do that.”
Judge Jones adjourned the case to April 3, stating: “Clearly I can give 14 days to make the payment in full in the way described.”
The adjournment decision leaves EFL chiefs and Bolton facing a massive dilemma.
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EFL rules mean an automatic 12-point deduction for any club that goes into administration.
But the deadline for the penalty to kick in this season, with the Trotters seemingly already doomed for the drop to League One, is next Thursday.
Any later, and the points would be deducted from the start of next season, dealing the club a devastating blow in their hopes of an immediate return to the Championship.