Bolton Wanderers boss Neil Lennon is worried about the prospect of the club entering administration, as it would effectively end any chance of survival in the Championship, reports the Bolton News.
The Whites were issued with a Winding Up Petition from the HMRC on Thursday after failing to pay taxes for November, and as the Trotters’ financial difficulties become increasingly worrying, the club is now on the verge of entering administration.
Lennon has admitted that the 12-point deduction, that would come along with the process, would almost certainly mean that the once European club would be a League One side next season.
“Administration would mean you are docked 12 points and basically looking at being a League One club next season. But with the amount of games still to play that’s one scenario you want to avoid.”
“It would mean major changes with personnel going forward on the football side of things. We want to avoid that as much as possible.”
The former Celtic manager also admitted that if the club are to avoid entering administration, they would have to sell off players in the January transfer window as well as some of the clubs assets.
“What we need is someone to come up with the money and help the club out and just get us through a difficult period until January.”
“However, what we may have to do in January is sell some assets in terms of the football side as well, that could be a realistic proposition.”
“If that means getting the club through stormy waters then that’s what we’ll have to do.”
“It’s not ideal for a manager obviously for the position that we’re in, but the club’s future is the priority rather than the present.”
The Wanderers are struggling on the pitch as well as off it, as they sit rock bottom of the Championship with only one win to their name this campaign.
Bolton fans…What do you make of the news? Is Lennon right about what administration would mean for your side? What has gone wrong this season? Let us know what you think in the comments below!