WANDERERS legend John McGinlay has laid heavy criticism at the door of Ken Anderson for the club’s recent off-the-field woes.

The Scot aired his views on BBC Radio Manchester during the Whites’ FA Cup victory over Walsall after it emerged a registration embargo had been placed on the club, preventing striker Christian Doidge from featuring in the squad.

“This club is struggling financially,” McGinlay said. “We’re living day-to-day. It’s an embarrassment. It’s a disgrace the way this club has been run.

“What needs clearing up is whether we’re in a full embargo and can’t sign players. To me it sounds that way.”

Anderson’s efforts to sell Wanderers have thus far come up short – and McGinlay feels that it unlikely to change while the club is still fighting against relegation from the Championship.

“We have heard on numerous occasions that we’re so close to something happening… I think we’re a million miles away from that,” said the former international striker, who was voted Bolton's second-best player of all-time by supporters, behind the great Nat Lofthouse.

“When you look at us now. If you were investing, if you were going to buy this football club at this moment in time, would you? You look at us, are we guaranteed to be in the Championship or League One next year because I tell you what, a League One club has a far different price.

“Where are we going to be at the end of the end of the season?

“We need investment to stay in this division. In the Championship we need investment, better quality players, and where is that going to come from?”