Bolton may have to sell

BOLTON chairman Phil Gartside has admitted the club may need to sell in January in an effort to cut costs.

The Trotters revealed on Wednesday that the club’s losses have more than doubled to £35.4m (€41.7m) over the past year, with their debt rising from £64m (€75.4m)to £93m (€109.6m).

Gartside knows it is imperative that the club look to tighten their belt if they are to balance the books and avoid financial meltdown.

That means star men could be off-loaded once the transfer window reopens, with England international defender Gary Cahill among those already attracting attention from afar.

Gartside said: “If a Champions League team knocks on our door in January that’s the best time to sell an asset because Champions League teams will pay the money.”

Swedish striker Johan Elmander, who has rediscovered his form this season, is another who could be moved on, with his contract set to expire next summer.

Gartside added: “He’s out of contract at the end of this season and again if someone knocks on the door in January then that’s obviously a consideration we have to make.”