Bolton ready to take money for star pair.
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Bolton Wanderers are ready to cash in on star defender Gary Cahill after revealing their debts had risen to £93million.
The in-demand England defender has been tracked by Manchester United, Arsenal, Liverpool and Tottenham over the last 12 months and Bolton chairman Phil Gartside admits he can no longer resist an offer.
After announcing annual losses of £35.4m – more than double the figure of 12 months ago – Gartside admitted he may also have to sell in-form Johan Elmander when the transfer window reopens in January.
The Sweden striker, who was signed for £8.2m from Toulouse in 2008, is out of contract in the summer and at risk of walking out for nothing. Both Spartak Moscow and Fenerbahce are interested in the 29-year-old.
But Bolton fans will be most concerned about losing 24-year-old Cahill, who has once again impressed at the back during the club’s impressive rise to sixth in the table this season.
‘If a Champions League team knocks on our door in January that’s the best time to sell an asset because Champions League teams will pay the money,’ Gartside, who is looking for about £15m, told Bloomberg.
Bolton’s financial position is not as precarious as was Portsmouth’s when they went into administration owing more that £120m because the Wanderers’ owner Eddie Davies is owed the bulk of the debt.
But on Elmander, Gartside admitted: ‘He’s out of contract at the end of this season and again if someone knocks on the door in January then that’s obviously a consideration we have to make.’ (Daily Mail)
Bolton’s debts are not as bad as they initially seem. The Wanderers’ owner Eddie Davies is owed the majority of the £93m, and he is unlikely to call that in any time soon.
Nevertheless, Trotters chairman Phil Gartside has indicated that they would listen to offers for their highest value players.
Although he doesn’t name Gary Cahill personally, the Daily Mail believe that the centre back is the player Bolton would get the most money for, and are of the opinion that the England man is the most likely to be sold to service the debts.
If he is, there will be no shortage of suitors – with Arsenal, Liverpool, Tottenham and Manchester United all linked in the summer.
Meanwhile, Johan Elmander has been in good form this season, and Wanderers would be loathe to lose the striker for a cut price fee.