Wednesday 8 May 2019 11:58, UK
Bolton have been placed into administration after a High Court winding-up hearing and are likely to face a 12-point deduction next season.
The club have faced huge financial difficulties this season, which has seen the players striker over unpaid wages - subsequently forcing Bolton to forfeit their game against Brentford last month.
Last week, Bolton said a proposed takeover by Laurence Bassini, the former Watford chairman, was off. But Bassini refuted this claim in an interview with Sky Sports News, saying he had "taken control" of Bolton.
At the hearing on Wednesday, Ken Anderson, the current Bolton owner, was critical of Bassini and said he was left with "little or no choice" other than to put the club into administration.
Anderson said: "Mr Bassini, regrettably his continued time wasting and empty promises have caused a great deal of heartache and frustration for the staff and supporters alike.
"It now leaves the Eddie Davies Trust and I with little or no choice other than for one of us to place the businesses into administration.
"This had been a massive disappointment to me as I understand the serious implications administration will bring to the businesses. But I have been left with no alternative, as this course of action will preserve the football club and all of its proud history".
