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Phil Parkinson hopes Wanderers can now regroup after hitting rock-bottom.
Relegation was confirmed by a club record 27th defeat of the season, inflicted by an Aston Villa side destined for the Championship play-offs.
Prospective new owner Laurence Bassini watched from the directors’ box as goals from Jack Grealish and Tammy Abraham ensured Parkinson side followed Ipswich Town into League One.
A campaign plagued by financial problems and off-the-field issues has just three games left to run, and the manager – whose own future is very much undecided – hopes the club has now fallen as far as it will go.
“It’s a disappointing day for the club but in recent weeks and months we have been adrift in that bottom three,” he said.
“It’s been a chaotic year, in fact a chaotic three years when you look back.
"This year the problems have weighed everyone down too much. We were already competing in a division with very limited resources with no money to spend on bringing in fresh blood.
“The club now has to re-group, bounce back with a new owner which I think is great news for the club.
“Mr Bassini has a lot of work to be done building the structure of the club, not just the football side, but in all departments to get the club ready to be stronger than it is today.”
Parkinson has now spoken with Bassini, who is awaiting EFL approval for his takeover.
And he feels there is just cause for optimism for the future.
“It is going to be an exciting challenge ahead for him to do that,” he said.
“I had a good chat with him on the phone on Thursday night. He popped in to wish the lads all the best and introduce himself today.
“He is learning about the club and it is going to take time. But it is a great project to build the club back up in all areas.
‘This is a tremendous football club that has been in the news for all the wrong reasons too many times. From here on in Bolton has got to start building back its credibility in the football world and improving its image.”
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Relegation was confirmed by a club record 27th defeat of the season, inflicted by an Aston Villa side destined for the Championship play-offs.
Prospective new owner Laurence Bassini watched from the directors’ box as goals from Jack Grealish and Tammy Abraham ensured Parkinson side followed Ipswich Town into League One.
A campaign plagued by financial problems and off-the-field issues has just three games left to run, and the manager – whose own future is very much undecided – hopes the club has now fallen as far as it will go.
“It’s a disappointing day for the club but in recent weeks and months we have been adrift in that bottom three,” he said.
“It’s been a chaotic year, in fact a chaotic three years when you look back.
"This year the problems have weighed everyone down too much. We were already competing in a division with very limited resources with no money to spend on bringing in fresh blood.
“The club now has to re-group, bounce back with a new owner which I think is great news for the club.
“Mr Bassini has a lot of work to be done building the structure of the club, not just the football side, but in all departments to get the club ready to be stronger than it is today.”
Parkinson has now spoken with Bassini, who is awaiting EFL approval for his takeover.
And he feels there is just cause for optimism for the future.
“It is going to be an exciting challenge ahead for him to do that,” he said.
“I had a good chat with him on the phone on Thursday night. He popped in to wish the lads all the best and introduce himself today.
“He is learning about the club and it is going to take time. But it is a great project to build the club back up in all areas.
‘This is a tremendous football club that has been in the news for all the wrong reasons too many times. From here on in Bolton has got to start building back its credibility in the football world and improving its image.”
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