Report: Bolton chief in Thailand for takeover talks

Bolton Wanderers Crest

Bolton Wanderers chairman Phil Gartside is in Thailand to discuss a possible takeover.

The Championship club are currently owned by Eddie Davies through parent company Burnden Leisure PLC, and it was announced last year than they were £163.8 million in debt.

With on-pitch troubles seeing Dougie Freedman leave his post as manger in October, former Celtic boss Neil Lennon has arrived at the Macron Stadium, and the news that the Trotters are looking at investors is another chapter in an increasingly turbulent season for the Manchester club.

Currently enduring their third successive season of Championship football since their relegation from the Premier League, the club look incapable of achieving promotion back to the top flight this campaign, and, although Lennon has improved the situation on gameday, it will surely be a number of years until Bolton are in a viable state to fight at the top end of the table.

And, despite having a positive impact on the team when they enter the field of play, Lennon has remained out of the loop concerning the business side of the cub - although it was the coach who confirmed to the BBC that chairman Phil Gartside was in Thailand on Monday.

"I don't know about selling the club, but I know Phil Gartside is in Thailand to discuss a proposition from some Thai businessmen.

"I've no idea what the ins and outs of it are, I'll know more when Phil comes back.

"Is it a concern? Not really. But it is strange that this has happened so soon in my tenure if you want to put it that way.

"I'll sit down with Phil and discuss what the situation is.

"But if it is the best thing going forward for the club then so be it.”

Any valuation of the club is likely to influenced by the debt on the club, with more than £150 million believed to be owed to current owner Davies, rather than outside investors.

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