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Bolton face administration

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Bolton Wanderers face the threat of administration despite a fire sale that has included putting their entire playing staff on the market and raising £4m by selling the offices at the Macron stadium.   The club's situation remains finely balanced despite the sale of the offices and the prospect of future income from transfers.   The offices are rented to several businesses and generated £800,000 annually.

However, the sum needed to save Bolton from bankruptcy is between £15m and £20m.   Bolton owe £2m to HMRC but even if they can find the further £2m required to cover this month's wages, they would face similar problems next month - and have other creditors.

Only a takeover is likely to secure survival and none of the groups that have expressed an interest in buying out Eddie Davies have firmed up their interest.