Mishcon de Reya LLP has advised the Sports Shield consortium on its takeover of the Bolton Wanderers Football Club.
Sports Shield BWFC Limited, headed by Dean Holdsworth, an ex-Bolton Wanderers striker and former Chairman of the Professional Footballers Association, has led a consortium to take over ownership of the Club following ratification from the Football League. Sports Shield also acts as sports business consultants to football clubs and agents.
League Championship club Bolton Wanderers agreed the takeover following the High Court's decision to grant the Club until 21 March to settle an unpaid tax and VAT bill. Bolton owed more than £2.2m to HM Revenue & Customs.
The advisory team at Mishcon de Reya was led by Corporate Sports Partner Dean Poster, with support from Saul Sender and Rajiv Kakkad of the corporate team and Raji Bartlett in respect of finance matters. As a member of Mishcon's multi-disciplinary Sports Group, this is the third football club sale that Poster has worked on in the last 2 years.
Dean Holdsworth commented: "I’d like to personally thank Mishcon de Reya and in particular Dean Poster, his 24/7 total availability, attention to detail and experience has been of great help for Sports Shield to acquire Bolton Wanderers FC - many thanks indeed."
Dean Poster commented: "We are very pleased to have advised Sports Shield on this significant deal for our client, the Club and its fans. In view of the precarious financial nature of Bolton Wanderers – one of the Founder Members of the Football League in 1888 - this transaction marks a new era for Bolton Wanderers and we are looking forward to an exciting future for the Club and its new owners."
Liz Ellen, the Head of the Sports Group said, " Bolton Wanderers are a club with a proud history and tradition in the football world. We're happy to have played a part in concluding this deal so that Bolton can go on to enjoy future success".