Bolton are set to become the first English Football League club to go into administration for six years after appointing administrators.
The recently-relegated Championship side were given two weeks to appoint to an administrator after appearing in the High Court last Wednesday over an unpaid £1.2m tax bill.
Administration would see Bolton begin next season with a 12-point penalty.
Aldershot Town were the last EFL side to go into administration in 2013.
Bolton, who are due back in the High Court on 22 May, said they hope the appointment “will ensure the continued existence of the club”.
Administrator Paul Appleton, of David Rubin & Partners, said: “This has obviously been a long-running situation and it is vitally important that we quickly establish the position of both the football club and the holding company.
“It has got to the stage where the Trust could not sit back and allow the club to go into liquidation. Decisive action had to be taken and the Trust believes the decision is in the best interests of Bolton Wanderers.”
“Everybody at the club as well as the supporters need a sense of clarity and that is what I will be seeking to provide as quickly as possible.”
More to follow.
