BOLTON Wanderers could be forced into administration next month, if a last-ditch attempt to boost cashflow does not succeed.

Chairman Ken Anderson claims he has struck a deal in principle with Dean Holdsworth to buy his share of the club.

That is yet to be confirmed by Holdsworth's camp - but if the transaction goes ahead it is hoped the club can avoid serious financial problems, with Anderson pledging to bring in fresh investment and to submit a business plan to the Football League in a meeting due on Thursday.

Anderson confirmed to The Bolton News this morning that the club does not have adequate resources to pay salaries or creditors in December under the current arrangement.

Last night a compromise which saw Anderson buy out Holdsworth’s 40 per cent holding in the club but agree to retain the former striker as a club ambassador looked to have failed.

Discussions resumed this morning and - it is claimed - have now reached a conclusion in which Holdsworth will stay on at the Macron.

The pair had fallen out over a number of different subjects in the last six months, including a disagreement about whether each had invested the money pledged when the takeover was ratified by the Football League in early March.

Holdsworth is said to be unhappy at the prospect of doing a deal but will not risk the future of the club.

Anderson had admitted for the first time that the worst-case scenario is being contemplated.

“It would be a last resort,” he told us. “But if we do not reach an agreement there would be no alternative but to appoint an administrator.

“If I don’t put the money in, or Dean, then the club won’t get to the end of next month. Creditors and salaries are due.

“If there is an agreement, we carry on trading as normal.

“It is such a shame to be talking like this when everything else is going so well.”

Wanderers were minutes away from putting themselves into administration earlier this year after making four visits to the High Court over an unpaid bill to HMRC.

That was avoided after Holdsworth’s Sports Shield joined forces with Anderson to buy the club from Eddie Davies – a bid which was eventually ratified by the Football League on special conditions.

Wanderers have remained in a transfer embargo but sit second in League One after a fine start to the season under new manager Phil Parkinson.

The Bolton Wanderers Supporters' Trust has said it will take a watching brief as matters unfold.

"In light of The Bolton News' article regarding the possibility of administration, we are currently monitoring the situation and will make comment when matters become clearer," a statement read.