FORMER Bolton Wanderers manager Sam Allardyce has admitted 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 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.
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.
“What I’m hearing from within is that real problems are mounting up by the number of debts Bolton are acquiring.