by Our Sports Desk

Bolton’s financial situation was deemed “increasingly perilous” by recently-appointed adviser Trevor Birch yesterday.

Wanderers announced on Monday they were yet to pay their players for November as long-time owner Eddie Davies, who has revealed he is no longer willing to bankroll the side currently propping up the Championship, attempts to sell the club.

Any hope of an imminent sale appears unlikely after Birch, hired last month to facilitate a takeover, confirmed none of those interested in purchasing Bolton were close to taking control from Davies, who is prepared to wipe out £185 million of debt owed to him.

Speaking after the players had met him and a Professional Footballers’ Association representative, Birch said: “We spoke to the players today and they remain upbeat and committed to doing all they can to help the club through this difficult time.

“We’re continuing to negotiate with interested parties but unfortunately no one party has demonstrated all the requisite elements needed to conclude a deal yet.

“The club’s position is increasingly perilous and new investment is needed quickly.

A consortium led by ex-Bolton striker Dean Holdsworth is understood to be among those who have expressed an interest in acquiring Bolton but Birch’s latest update suggests the tough times could continue for Neil Lennon and his squad.