Club sources are expecting official confirmation on either Monday or Tuesday that an administrator has been appointed. There will then follow a three-week marketing period for interested parties to step forward and make a case.
EFL rules state that the Bolton Wanderers Supporters’ Trust must be included in the discussions and offered a reasonable chance to bid for the club.
The trust has already launched a Community Interest Company (CIC), which will act as a vehicle for any potential share issues or allow the involvement of ‘high net worth’ individuals or businesses.
News also broke on Friday that Chinese consortium the Shandong Luneng Group have visited the stadium and intend to bid in administration.
Former Wanderers head of sports science Mark Taylor confirmed he has been working with potential buyers, and is understood to have led a two-man delegate from China around the stadium and training ground last Thursday.
“I am working in association with an investment group that is interested in Bolton Wanderers Football Club,” he said.
“I have introduced other investors in the past, without success, but events over the last few weeks and particularly those in the High Court on Wednesday, have brought matters into focus.
“This club needs stability and forward planning and that is what we would look to prioritise.
“My association and affection for the club is well-known but speculation about links with Sam (Allardyce) are just that – at this stage, anyhow.
“Developments will, by necessity, require a level of confidentiality but the club, the town and, most importantly, the supporters, need a boost. That is a fact.”
Meanwhile, Peterborough United want Wanderers centre-back Mark Beevers to bolster their promotion chances next season.
Posh chairman Darragh MacAnthony dropped a major hint about the 29-year-old centre back whilst chatting to supporters in a live Q&A on Periscope.
Luca Connell’s list of suitors have also lengthened, according to the national press, with Tottenham and Leeds United interested in taking him for a compensation fee of around £300,000.