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.
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.
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
Former Chelsea boss Carlo Ancelotti has revealed he tried to sign Liverpool captain Steven Gerrard, 34 when he was manager of AC Milan between 2001 and 2009. (Daily Express) Bolton Wanderers are lining up a loan swoop for Norwich City striker Gary Hooper, 26. (Bolton News) Brazilian defender Dani Alves, 31, does not have a deal in place to
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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Liverpool rival Aston Villa for Bolton Wanderers midfielder Mark Davies (ClickLancashire) Feyenoord midfielder Karim El Ahmadi is hoping his move to Aston Villa goes through (Clubcall) Fiorentina are unlikely to sell Aston Villa target Juan Manuel Vargas, 28, this summer after both clubs failed to reach the Italian team's £12m asking price.
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