Former Bolton Wanderers owner Eddie Davies helped save club from administration before death

Documents filed at Companies House show Eddie Davies signed off the loan on 7 September, four days before he died.

The money from Davies, who was based on the Isle of Man, was used to pay off Bolton's main creditor BluMarble Capital Ltd, who rejected a first repayment offer.

Davies, who was 72, helped bankroll the Trotters' emergence in the Premier League during the 2000s after first joining the club's board of directors in 1999.

His late intervention meant that the club avoided slipping into administration and a 12 point penalty, which would have left the club on -1 points. 

Bolton paid tribute to their former owner during their home fixture against QPR last Saturday. 

 

September 15, 2018