If he was to go I would love to see Ian Holloway come in.
He's managed under similar circumstances at other clubs, and got results
Always ensured his team tried. (Even when players weren't paid)
Has experience at league one.
Advocates attractive football to be played (although I actually enjoy the hoofball stuff)
The club needs a morale boost and he is the type of manager you'd need, both for players and the fans. His sense of fun in the game would do Bolton wonders.
Has experience on building a team (a promotion winning team) on little or no budget, if nobody comes in for club etc.