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Bolton Wanderers 48 Hours From Administration

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Administrators will be called in on Wednesday if Wanderers' potential buyers can't prove they have the cash to seal a deal

Dark clouds and dark days with Bolton set for administration on Wednesday
Dark clouds and dark days with Bolton set for administration on Wednesday
Alex Livesey/Getty Images

Bolton Wanderers could be just 48 hours away from entering administration.

Potential buyers have been told they must prove they have the £14m required to cover club debts and have access to cash to keep the club operating beyond this season by Wednesday.

Should they fail to present this proof - which, lets face it, seems likely at this late hour having had weeks if not months to do so - the club will be placed into the expensive process of administration (which I'm not going to pretend I know much about).

Eddie Davies is apparently open to selling the club for just £1, but the prospective buyer is expected to then have to take on outstanding loans of £3m that Davies will not write off - which seems odd as he's already, reportedly, written off £170m+ of debt. It's also interesting that the reported fee being demanded for Zach Clough is, you guessed it, £3m.

The Wanderers assets fire sale is heating up, with offices at Macron Stadium already sold for around £4m - and used to pay staff last month and help towards paying off a private loan from last summer - while Clough and Mark Davies are rumoured to be on the verge of exits. Additionally, Wigan Athletic have been linked to buying the club's Euxton training ground for around £2.5m.

The Sports Shield consortium led by Dean Holdsworth is believed to have held talks with Trevor Birch in London yesterday, while we also revealed the identity of his rival bidder on Saturday.

We look forward to hearing more on this, and two other reported potential bids, shortly. In the meantime, I'm off to buy myself a ticket in the $1.3bn Powerball draw so I can sort this mess out myself.