According to reports, the football club is in debt of £172.9 million, owing £60k to HMRC.
Administration is looking likely if a suitable buyer can’t be found in time, meaning the club would face a 12-point deduction. See our page on winding up petitions and football clubs for further details.
There are several parties interested in the Bolton club, including a consortium with former striker Dean Holdsworth.
Owner of Bolton FC, Eddie Davies would write off the cub’s debt to attract a buyer but is unwilling to pay in any further money.
Update: 11/12/2015 - Bolton FC have officially received a winding up petition for £600,000 in unpaid taxes. Financial advisor for the club, Trevor Birch, commented "We will continue to try and finalise a sale or alternatively raise some short-term funds needed to give the club breathing space and time in which to consider its options."