Ponte wrote:Who do they owe the majority to? I think it's to the owner, whereas ours was to different financial institutions that we borrowed from.
TREVOR Birch has confirmed that Wanderers owner Eddie Davies WILL write off £185million of loans when he agrees to sell the club - leaving new owners with a blank canvas.
The recently-installed financial advisor has responded to some key questions this afternoon in the ongoing takeover – underlining that new ownership would buy all Burnden Leisure’s assets and begin life at the Macron Stadium debt free, other than a small loan on the hotel.
You are right it would seem, this was in the Bolton news