KEITH Hill has opened up on the frustrations of working under a transfer embargo at Wanderers.

The newly installed boss is working with a squad limited to 23 professional contracts, of which it is understood there are just two places remaining.

Full-back Adam Chicksen was signed on the eve of Saturday’s game at Rotherham United to cover for Joe Bunney, who was injured in a car accident and could be out of action until Christmas.

The EFL is reluctant to confirm the existence or the parameters of the embargo – but we have learned the so-called special measures, which include restrictions on salaries, could remain in place for two years after administration.

“It’s a difficult one for the EFL,” Hill told The Bolton News. “The new owners have taken over and the club is in unbelievable financial hands now, in a great place run by great people.

“But we’re almost a football club that has come out of prison but still has a tag on. And it is restricting us.”

Wanderers are likely to be without a senior striker in tonight’s game against Oxford United after new signings Chris O’Grady and Daryl Murphy picked up injuries at the tail end of last week.

Previous Bolton boss Phil Parkinson operated for two years under an embargo. Restrictions were partially removed in September 2017 but the club remained under special supervision until August 2018.

That looks set to continue – and Hill accepts there is a need for the league to keep a close eye on what is happening at the UniBol, despite the arrival of new, more stable, ownership.

“Me being honest, instead of being a manager of Bolton Wanderers, an opposing club or a Bolton supporter, I think it is fair,” he said. “I can understand the EFL’s concerns. We all knew what we were getting into.

“We know we are limited now on the recruitment. Everything we have done has had a restriction on it imposed by EFL regulations. We know it, and it doesn’t matter what the new consortium could potentially offer us, we’re governed by the EFL, without getting into the political garb.

“The seriousness of what is developing, Financial Fair Play in football, means this has to be scrutinised and I can understand the cautious approach to Bolton Wanderers. But they have helped us tremendously and we are stable now. We have to grow within our means, and that’s our intention.

“We’re happy to be governed but we have to be able to do what we need to do within those restrictions. It’s never easy but I can’t remember a stage in my life where it’s easy.

“When you work hard to achieve something it’s so much better. It’s an amazing feeling.”