The latest reaction and news from the Bolton Wanderers and the high court proceedings
That concludes the coverage today. Tune in to Tower FM for reaction throughout the day.
The Whites Hotel has also been given a Notice of Intention to appoint an administrator and they too will be back in court on May 22.
No Bolton representative at the hearing with the judge saying that is strange.
Creditors are calling for administration.
Judge has issued a 14 day adjournment to await the appointment of an administrator.
Bolton up next!
Admin will mean a 12 point deduction in League 1 and a transfer embargo.
Even more important now that we can retain as many players as possible once this whole sorry affair is sorted out.
Bolton's case is expected in the next five minutes.
It's all well and good Ken Anderson wanting to take the club in to administration but the court need to agree.
If it is admin we now need to know if the court agree and what the time frame will be.
Bolton owner Ken Anderson says he'll take the club in to administration. He's also apologised to staff at the club after the deal with Laurence Bassini fell through.
The session has begun. We're expecting Bolton's case to be heard around 11am.
A miserable day in London outside the High Court. Let's hope it's not a sign of things to come for Bolton Wanderers.
Live picture taken by Ian from the Lion Of Vienna. We'll be chatting to him on Tower FM later.
Some of your tweets:
Barely a decade ago #BWFC knocked Athletico Madrid out of Europe and drew with Bayern Munich, now an hour from administration, if you think it couldn't happen to your team think again— Mark Swift (@markswift1966) May 8, 2019
It’s like being told to prepare for the worst when a relative is on deaths door. Honest to god, how’s it come to this.. #bwfc— George (@Millsy993) May 8, 2019
There's still no official word from Eddie Davies's trust, owner Ken Anderson or an administrator.
So that points to this now heading to court room and the decisions being made there.
Fans from other clubs are thinking of Wanderers supporters today.
I really hope not. This great club and its supporters deserve better. https://t.co/IRazp1WAOA— David Baker (@davidbakerdj) May 8, 2019
Barrister Hilary Stonefrost will be representing the club in court again.
Here is a little about the woman tasked with saving Wanderers:
A graduate of The London School of Economics and Political Science and boasting a Postgraduate Diploma in Law from City University London, Ms Stonefrost made a career with the Bank of England and then the British Bankers' Association, before establishing herself as a specialist in domestic and cross-border insolvency, restructuring and company law with South Square.
Having been instructed in a number of major insolvencies for companies including Olympia & York and BCCI, Ms Stonefrost has also gone on to act in cases for clubs such as Crystal Palace, Bournemouth, Coventry City.
An expert has summed up today's court hearing for Bolton Wanderers here;
"It’s simple inability to pay debts that brings Wanderers to court on the back of a standard HMRC petition, just and equitable isn’t relevant here, there’s no shareholder/director dispute.
Fact is the club will present their best case for adjournment and the judge will decide - it’s really that simple."
It's worth following Jamie here
Nothing other than payment will play well today but we are where we are. Showing we tried everything to get a solvent sale is as good a reason for being back in court as we have. Unless you have a better plan— JME19742 (@JME19742) May 8, 2019
If Wanderers do go into administration then the frozen bank accounts should be able to be accessed meaning players and staff wages could be paid.
Yesterday Tower FM reported that Bolton boss Phil Parkinson won't be making any decisions on his future until the outcome of today's court hearing.
He wants to take his time to decide where his future will be.
Parky says he'll be keeping his fingers crossed for this great club.
We'll be chatting to Ian Firth on Tower FM who will be in court once we have a verdict.
It might be worth following the Lion Of Vienna Suite on Twitter who will also be in court.
It appears the former Watford owner Laurence Bassini has given up his bid to buy the club.
Speaking to Sky Sports he said; "I have tried to have conversations with HMRC and others in an attempt to prevent tomorrow's court proceedings going ahead and risking the club's future. Ken Anderson is not sticking to the agreed deal and my hands are tied as a result, it's very frustrating, I am trying to save this club but it looks increasingly like administration will happen."
The crowdfunding page set up by Bolton Wanderers Supporters' Trust has raised over £13,000.
Today Bolton Wanderers, a founder member of the football league, could go out of business.
The club are in the high court facing a winding up petition brought by Creditors including HMRC and sportswear firm Macron.
We're expecting the hearing to start around 10.30am and for Bolton's case to be heard between 11am and 1130am.