Shandong Luneng owners linked to bid for Bolton Wanderers

Bolton Wanderers are an English side with a rich history but currently find themselves on the brink of financial ruin. With players unable to be paid on time and matches needing to be forfeited the club are desperate for some good news. The good news could come in the form of a Chinese consortium taking over the club. 

A link with the CSL and Bolton 

As the owners of the CSL side, Shandong Luneng look to make a bid for the English side, who after relegation will start next season in League 1. It looks also like Sam Allardyce could take control of the club who will start the season on -12 points.

The news however of one the clubs most successful managers returning on top of the appointed administrator looking to pave the way for a Chinese takeover could have the fans hopeful again.

With reports in the local media in Bolton suggesting that parties at the moment have three weeks to enter bids for the club. It is suggested that the Chinese consortium would only deal with administrators and talks are at an early stage.

It will now be interesting to discover over the next few weeks if the bid is successful. Also, what will happen with an English side having such a link to a Chinese Super League side? At the present time, this is still up in the air but the early news suggests this could be a good deal for all parties.

There is a long way back for Bolton Wanderers however as the club racked up debts of £41.6million with the Players Football Association called in to subsidise player wages in March and April.

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