Bolton Wanderers avoid administration but have odds slashed for relegation

Bolton Wanderers avoid administration but have odds slashed for relegation

85% of bets since Monday night on the relegation market have gone on the Whites.

Following the weekend reports of Birmingham possibly suffering a points deduction due to financial difficulties, another club have narrowly avoided the same fate.

Bolton avoided administration, but not before Chairman Ken Anderson revealed that finance company Blu Marble Capital LTD initially refused an offer to repay an outstanding loan, believed to be in the region of £4.8m.

An 11th hour deal was eventually accepted, and the EFL confirmed today that the Trotters will not face a points deduction.

All this has understandably had an effect on the Championship relegation market, with 85% of bets since Monday night going on Bolton, who have seen their odds for relegation slashed across the board.

One bookie has currently suspended betting on the Lancashire club to go down, with others now going as short as 5/4, with 2/1 the current best price. 

The effect has also seen the likes of Rotherham have their odds for the drop lengthened slightly, though the Millers remain odds-on at a best price of 10/11 for relegation.

Bolton memorably stayed up on the final day last season thanks to a late, late goal by Aaron Wilbraham. Time will tell if we see similar seens at the University of Bolton Stadium come May.

Oddschecker Spokesman George Elek: “Despite the off-the-field issues, Bolton have enjoyed a strong start to the season, certainly better than the last campaign when one bookie had them at 1/1000 for the drop at one point! But it remains to be seen if the administration saga will affect things on the pitch: The club are still short odds at 2/1 for the drop and there will be a lot of punters now following Phil Parkinson's side closely."

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