'Bolton we are all': the English taxpayer is paid to the wanderers

Any person who parties in the United Kingdom already has a part of the Bolton Wanderers, historical team of England.And it is that the British government, as part of one of its development plans, has invested in the company that bought the team in 2019, so taxpayers, somehow, are now also part of one of the founders of footballEnglish.

This is due to an initiative by the British Treasury to invest in companies that are generating losses, but have the prospects of growing in the long term.That is, they need money now and can return it in the future.In the last batch of investments by the government, one of the graceful has been Football Ventures (Whites), which took control of the Bolton in 2019.

This company is one of the 108 that the Government has joined its project this week, as reveals the 'Financial Times', and that complements the catalog of 265 companies in which the treasure has invested.

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The objective of this fund, created in May 2020 to solve the economic problems of companies during the pandemic, is to provide money to 'start ups' and companies that try to innovate in its different activities.In this new wave of money injections, an betting house, a coffee chain and a clothing firm are also included, for example.

As explained by Bolton himself, the investment by the State is 8 % of the club.This money is an important support for the Bolton, which was not playing in the Premier League and in Europe by Iván Campo, Iron, Djorkaeff, Okocha, Anelka...

The 2011-2012 season was the last one in the elite of Bolton, which four FA Cups treasures in its palm male, before financial problems sank the team.They came to descend in 2019 to the League Two (Fourth English Division), the same year that were declared in creditors.Football Ventures (Whites) bought the club in August 2019 and saved him from disappearing.This season the Bolton marches fifth in the League One (third English division).