LIFE after Ken Anderson officially starts for Bolton Wanderers today.

Joint administrators Paul Appleton and Asher Miller of London-based insolvency firm David Rubin and Partners will take charge of the club’s affairs until a new buyer can be found.

They will set to work this morning establishing exactly what they are up against, which should be good news for unpaid staff and players.

Appleton is looking to get up to speed quickly and give all connected with the club the stability they have lacked in recent months.

"This has obviously been a long-running situation and it is vitally important that we quickly establish the position of both the football club and the holding company,” he said.

"It has got to the stage where the Trust could not sit back and allow the club to go into liquidation. Decisive action had to be taken and the Trust believes the decision is in the best interests of Bolton Wanderers."

"Everybody at the club as well as the supporters need a sense of clarity and that is what I will be seeking to provide as quickly as possible."

Wanderers’ assistant boss Steve Parkin admits the last few weeks have been among the most difficult in his footballing career.

“It has been so difficult getting a hold on exactly what is happening,” he said. “The sooner a bit of stability is restored, the better.

“We’d have all liked to see this happen sooner and for a while now we’ve just felt like we’re all in limbo.

“It is difficult for us on the footballing side but I can only imagine it is more difficult for other staff working around the club. I really feel for them because this has been a horrible time.”

Appleton and Miller will take charge of parent company Burnden Lesiure Limited and the Bolton Wanderers Football and Athletic Company.

The Whites Hotel does not fall under their control, however, and could be placed into the hands of a separate administrator by one of the Qualifying Floating Charge Holders, local businessman Michael James, or even Anderson himself.

The EFL has also underlined their intention to dock 12 points from the start of next season.

"The EFL can confirm that it has been formally notified that administrators have been appointed in respect of Bolton Wanderers Football Club," a statement read.

"As a result, the club is now subject to a 12 point deduction and, in accordance with EFL Regulations, the sporting sanction will take effect next season in League One.

"The EFL will now commence discussions with the administrators with the aim of achieving a long-term future for the club."