Marc Iles is now reporting that a deal has been done in principle, which would hopefully mean Bolton will avoid the worse case scenario. We shall update with details to the deal as and when we get them.
As the Bolton News has just revealed, Bolton Wanderers could face the threat of administration again within a month.
I seems the club would need extra investment to keep out of administration.
Chairman Ken Anderson has confirmed to The Bolton News that the club does not have adequate resources to pay salaries or creditors next month under the current arrangement between himself and fellow majority shareholder Dean Holdsworth.
Sources close to the club confirmed to us recently that Ken Anderson was keen on purchasing Dean Holdsworth's shares in order to attract extra investment.
The Bolton News also reported that talks between Ken and Dean broke down last night, but talks started up again this morning in the hope of thrashing out a deal.
Rumours of outside investment have been circling since September, when Ken Anderson told the BBC that more money was vital if Bolton wanted to have any chance of returning to the Premier League.