Bolton’s situation has become more complicated after it was revealed that chairman Phil Gartside is seriously ill. The club enjoyed eleven years in the Premiership under his leadership, but have found life more difficult after their return to the Championship where they are currently bottom of the table.
The club has debts of £170m and there is no money available even for a single loan deal. The search is on for new investors, but they are currently thin on the ground and there are other clubs on the market such as Wolves.
Bolton’s situation has become more complicated after it was revealed that chairman Phil Gartside is seriously ill. The club enjoyed eleven years in the Premiership under his leadership, but have found life more difficult after their return to the Championship where they are currently bottom of the table.
The club has debts of £170m and there is no money available even for a single loan deal. The search is on for new investors, but they are currently thin on the ground and there are other clubs on the market such as Wolves.
However, reclusive owner Eddie Davies is willing to write off the debt and sell his controlling stake for £20m which might attract a buyer.