THE Bolton Wanderers Supporters’ Trust has pledged to take concern over the running of the club straight to the Football League later this month.

With ownership issues still yet to be completely resolved at the Macron Stadium, the BWFCST has requested an audience with the League and also made representations to the Football Association to air their views.

Ken Anderson confirmed in his programme notes for yesterday’s FA Cup game against Sheffield United that he was close to sealing a deal to buy Dean Holdsworth’s 40 per cent stake, and was looking forward to leading Wanderers into an “exciting future on and off the pitch.”

But prompted by the chairman’s admission to The Bolton News last week the club could face serious financial problems if his buy-out does not go through, the Trust has taken action.

“On Thursday evening we wrote to The FA and the chairman of the EFL seeking an explanation of how, under the monthly monitoring of the EFL following the March 2016 takeover, the club has run out of money?” a statement read.

“Additionally, we have asked them to investigate allegations that the promised capital contributions from the new owners, included within the EFL approval process, have not been made.

“Whilst it seems that some money has gone in, there are claims that this has only been short term and has been paid back from club resources. If these are proven to be true, it would seem that the oversight and supervision of the club has fallen short of an expected standard and, against the background of a very public admission that the club has run out money, serious questions over internal governance and compliance with company law requirements necessarily arise.”

Anderson has agreed a deal in principle to become the sole owner but requires an agreement with BluMarble, the finance company which supplied a £5million loan to Holdsworth’s Sport Shield to complete the purchase of the club in early March.

A large repayment – estimated to be around £7.4m – is currently due at the end of the season, and it is understood part of the current negotiation could be to extend the term by a couple of months.

“To try and give some insight, we estimate that the current level of debt stands in the region of £30m, with just over a half of this sum still owing to Eddie Davies. The remainder of this debt is owed to Blumarble, to Prescot Business Park, and to a former club director,” the BWFCST statement read.

“The Blumarble debt seems to be of a more immediate concern and, based on reports that interest accrues at more than £4,000 a day, we estimate that by the end of June 2017, some £7.4m will be owing. It is our understanding that there is no regular monthly repayment of principal or interest and the whole amount is payable as a final “bullet” payment.

“Reports in The Bolton News estimate annual losses to be running in the region of £10m. To get to the end of the season it could be that the club needs some £12m to £15m liquidity, excluding any income from player sales or any expenditure on new players in January.

“The accounts for 2015 are still not published, but it is easy to see that the auditors may be requiring some visibility of around £15m to £20m funding to get to the end of 2017 as part of their “forward looking assessment”.