Bolton Wanderers: Club hope to complete takeover talks next week

General view of Macron Stadium
Bolton's parachute payments following relegation from the top flight three years ago run out at the end of the season

Championship club Bolton are hoping to conclude takeover talks next week.

Bolton advisor Trevor Birch, who has been brought in to head the negotiations, has been speaking with four interested parties.

Contractual and funding issues still need to be resolved but the club are hopeful of a positive conclusion.

Bolton are bottom of the table and their players were not paid in November because of what was described as "a short-term funding issue".

Former Bolton striker Dean Holdsworth is understood to be part of one consortium, while former Trotters midfielder Stelios Giannakopoulos is part of another.

Owner Eddie Davies has agreed to write off the club's £172.9m debt in order to push through a deal but is refusing to put in any further funds.

There had been talk of the club entering administration, which would lead to a 12-point penalty.

Speaking earlier in the week, Birch described Bolton's situation as "increasingly perilous", adding that "new investment is needed quickly".

Bolton's decline over past decade
SeasonLeague/PositionSeasonLeague/Position
* position after 18 games
2004-05Premier League - 6th2010-11Premier League - 14th
2005-06Premier League - 8th2011-12Premier League - 18th
2006-07Premier League - 7th2012-13Championship - 7th
2007-08Premier League - 16th2013-14Championship - 14th
2008-09Premier League - 13th2014-15Championship - 18th
2009-10Premier League - 14th2015-16Championship - 24th*