Bolton owner Davies will not remove financial backing, says chairman Gartside

The Football Association board member has moved to dispell doubts that the Trotters' owner would stop bankrolling the Lancashire club, despite recent demotion to the second tier

Bolton chairman Phil Gartside insists that Eddie Davies will continue to back the club financially, as the Lancashire club prepare for life in the Championship next season.

The Trotters currently have a debt level of £110 million, of which only £10m is in debit to banks, with Davies bankrolling the remainder.

And, the Football Association board member believes the club can return to the Premier League at the first time of asking, though, and highlights the importance of giving manager Owen Coyle all the support he needs.

"Owen's plan will be backed - whatever he wants to do he will get to do it," he told the club’s official website.

"During my time in football, I have never had a season like [last season] in terms of injuries and mishaps. We had some serious blows in losing Gary Speed and, when you thought things couldn't get worse, there were the events surrounding Fabrice [Muamba].

"But we start next season with a clean slate. We have a real chance I believe and I am looking forward to that, but nobody at our club is making the mistake of underestimating the Championship."

The decrease in revenue following the club’s demotion has raised doubts over Davies continually financial support.

However, Gartside moved to allay these fears, stating that the owner has no intention of removing his backing.

He continued: "We have a debt, yes, and it is to Eddie.

"We have been very fortunate to have had that backing and investment. He wants to continue backing us", he added.

"With Eddie you could call it an investment, a soft debt, in that it is what he has spent over the last 11 years funding us in the Premier League."

But, Gartside admits that the club may have to make use of the loan market in order to return to the top tier of British football as the club look for cost-cutting measures.

"We will be looking once again to bring players in on loan, and this has been very successful for us in the past couple of seasons, and the opportunity in the Championship is greater because you are not restricted to just two.

"We have enough goodwill with the teams like Arsenal, Chelsea and Manchester City and we will be working hard to utilise that."