Former Bolton Wanderers manager Sam Allardyce has told talkSPORT he has been left ‘depressed’ by their financial struggles.
The Trotters are under threat of going into liquidation over chairman Ken Anderson’s mismanagement and the club’s mounting debt since he took control of the club in 2017.
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Bolton are in serious financial trouble
Bolton were given a stay of execution by the High Court this week over an unpaid tax bill of £1.2million, and they now have two weeks to find a new buyer and settle their debts to avoid a winding-up order.
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Big Sam spent eight years in charge of the Lancashire club during their most successful period of recent history – taking them to the Premier League, where they stayed for 11 seasons, and to European competition.
What he achieved at the formerly-named Reebok Stadium is still regarded as one of the most intriguing stories since the Premier League was formed.
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Bolton became an established Premier League club, played in the UEFA Cup and went to the League Cup final under Sam Allardyce’s rule
And now, with his old club faced with going bust, Allardyce is saddened by how their affairs have crumbed off the field.
“It depresses me a huge amount,†he said on Friday’s Alan Brazil Sports Breakfast.
“What I’m hearing from within is that real problems are mounting up by the number of debts Bolton are acquiring.
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“I hear there are winding up orders being delivered left right and centre for debts that are owned.
“Unfortunately there is a massive problem at the club and if they’re not sorted very shortly one of the things we haven’t seen for a long time may happen – that they go under and Bolton Wanderers are made insolvent.
“I think that would be an absolutely tragedy for the town and everybody around here in Bolton.â€
Listen back to Sam Allardyce on the Alan Brazil Sports Breakfast IN FULL above
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Bassini says he now has the proof of funds, but admitted to talkSPORT a few stumbling blocks still stand in the way of him becoming the new owner of Bolton Wanderers - including an additional £14million of debt he must now look to settle on top of what he has already promised.
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Bolton Wanderers: Sam Allardyce tells talkSPORT he is 'depressed' by former club's financial struggles The Trotters face a winding-up order and have been given two weeks to find a new buyer
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