Bolton have been unable to pay their players this month

The club are up for sale, owner Eddie Davies prepared to write off loans owed to him

Chairman Eddie Davies is looking to sell Bolton. Photograph: Michael Steele/Getty Images

Chairman Eddie Davies is looking to sell Bolton. Photograph: Michael Steele/Getty Images

 

Cash-strapped Bolton have confirmed they have been unable to pay their players for the month of November.

The crisis-hit club, who are currently bottom of the Championship, revealed the news just hours before their clash with Brentford on Monday night.

Wanderers say the reason is a “short-term funding issue” and is due to “the ongoing situation surrounding the club’s ownership off the field”.

Bolton, currently £172.9million in debt, are up for sale with owner Eddie Davies prepared to write off that figure in loans owed to him as part of any takeover.

A consortium led by ex-Wanderers striker Dean Holdsworth is understood to be interested in buying the club.

Wanderers last week appointed advisor Trevor Birch to help negotiate with interested investors after revealing chairman Phil Gartside was “seriously ill”.

A club statement read: “Bolton Wanderers Football Club can today, Monday 30th November, confirm that the first-team playing squad are yet to receive their wages for the month of November.

“This is due to the ongoing situation surrounding the club’s ownership off the field.”

Birch added: “This is due to a short-term funding issue. We are working hard behind the scenes and hope to have this resolved in a quick and timely manner and I will be meeting the players tomorrow to update them.”

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