PHIL Parkinson welcomes his players back to training this morning looking to put the stress of the last 72 hours behind him.

Confirmation arrived yesterday that Wanderers had avoided administration after agreeing a deal to repay a loan owed to finance company BluMarble.

It was a major shot in the arm for Parkinson, who had been in the thick of the efforts to mediate on Tuesday morning in order to avoid a 12-point penalty which would have ruined his club’s impressive start to the season.

“Obviously I’m pleased the whole thing has been resolved,” he told The Bolton News. “I’m looking forward to getting the lads back in and start preparing for the weekend’s fixture against QPR and trying to move on with things.

“It’s obviously been a tough time for everyone but now that it’s done we can get back down to business.”

Wanderers have also been coming to terms with the loss of former owner Eddie Davies, who passed away on Tuesday during a family break in Portugal.

The sudden loss of the man who bankrolled the club’s Premier League days has been felt across the board and a special tribute will be made prior to this weekend’s game at the University of Bolton Stadium with a minute’s applause before kick-off. Players will also wear black armbands and a special matchday programme will be compiled.

Wanderers have opened a book of condolence for fans to leave their messages for the Farnworth-born businessman, who spent 13 years at the helm of his hometown club.

Parkinson, who arrived as manager a few months after Davies sold the club, said he will be sadly missed.

“I know what a high regard everyone at Bolton Wanderers held Eddie Davies in and having met him several times since I have been here, he was always a source of support,” he said.

“When I heard the news about Eddie it put everything into perspective, what had been happening that day, and I can only pass on my sincere condolences to his family and his friends.”