ONE of Eddie Davies’s final acts was to bail Wanderers out of trouble as they hurtled towards administration.

Official documents have surfaced this morning which confirm the Isle of Man-based businessman, who passed away on September 11, supplied a bridging loan to current Bolton owner Ken Anderson four days before his death.

Papers dated September 7 have been filed at Companies House which confirm the loan, which is secured against Anderson’s share in Burnden Leisure Limited and all company assets.

Essex-based finance company BluMarble were due to place the club into administration on September 11 over an overdue debt of around £4.8million.

Anderson had issued a statement late the previous night which claimed an offer to repay the BluMarble loan in full had been rejected.

The current Bolton owner added: "[BluMarble] will now need to fund the club administration going forward, which will take a minimum of three months and will automatically put the club in a two-year transfer embargo and a minimum immediate points deduction of 12 points.

"In my opinion, their actions will substantially reduce the value of the club in respect of any future sale and will make it far more difficult to find a future investor/buyer."

A deadline of 10am on September 11 was set for the court papers to be filed but after some late negotiations, including more financial assistance from local businessman Michael James, the club was spared an insolvency event.

The sad news of Davies’s passing during a family holiday in Portugal was announced later that evening.

Anderson confirmed on the afternoon of Wednesday, September 12, that administration had been avoided and that he had been able to restructure the club’s debts.

“I am pleased to confirm that the loan from Blu Marble Capital Ltd has been repaid,” he said.

“I am also pleased to be able to confirm that the loans to both PBP (Michael James) and Brett Warburton have been extended on better terms for the club and I am extremely grateful for the continued support, help and assistance of Michael and Brett.

“I was also able to reschedule and reduce a number of other club liabilities which in all have reduced future costs and liabilities by circa £1.5million and will be of great assistance to the club going forward.

“As previously stated, I believe the club now has one of the lowest debt positions in the Championship. I am also pleased to confirm that the club did not go into administration and there are no points deductions or embargo implications.

“I fully appreciate and understand that the last couple of days have caused some consternation for you all and I would like to apologise for that, but the whole process has been very complex and far from easy.

“We can all now put this behind us and move onwards and get fully behind the team as they look to continue their excellent start to the campaign when they return to the University of Bolton Stadium on Saturday for the game against QPR.

“I would like to thank you all for your patience and we can all look forward to a season of progress both on and off the pitch.”

Former owner Davies wrote off close to £200million in loans to the club which accrued during his time at the helm between 2003 and 2016.

The former Farnworth Grammar School pupil, born in Little Lever, passed on control of the club to Anderson and Dean Holdsworth in March, 2016 for just one pound.

The BluMarble loan was taken out initially by Holdsworth’s company, Sports Shield, and was renegotiated by Anderson when he became sole owner of the club in 2017.

Bolton Wanderers have declined to comment.