Trevor Birch says Bolton owner Eddie Davies, who lives on the Isle of Man, will write off all of his loan contributions in a bid to ease a takeover.
Work on a new fire training facility costing £557,000 will begin next week, the government confirms.
Isle of Man rider Dan Kneen will compete for the Lisburn-based Mar-Train team in the 2016 road racing season.
WW2 veteran given freedom of Douglas
How a bereavement charity can help
Isle of Man shooter Tim Kneale is named in the Great Britain team for the 2016 Rio Olympics.
Shooter Tim Kneale says he will be "proud" to represent Great Britain after being selected in their squad for Rio 2016.
Isle of Man Newspapers
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