WANDERERS will not be paying compensation for their next manager as Ken Anderson batted down suggestions Bradford City’s Phil Parkinson was set to become the club’s next manager.

It now appears to be a toss-up between Nigel Adkins and Steve Cotterill in the race to succeed Neil Lennon after the Whites co-owner ruled out the possibility of paying off Parkinson’s two-year contract.

“I have made my feelings quite clear about compensation and we won’t be going down that road,” Anderson told The Bolton News.

“If it was the only route then I would consider it, or if we felt that one candidate stood head and shoulders above the rest, it might be the only option.

“But I feel the quality of applicant we have had who were ‘unemployed’, if you want to put it like that, was of a very, very high calibre, so the question of whether we would or wouldn’t pay compensation does not come into it.”

It is understood an agreement is in place with the prospective manager but that his assistant – and, in fact, the two Wanderers co-owners Anderson and Dean Holdsworth – will be away until the end of the week.

A Football League meeting in Portugal could then mean the grand unveiling will be put back to Monday.