BOLTON have confirmed the departure of manager Phil Parkinson and his assistant Steve Parkin.

The crisis-hit Sky Bet League One club said they had accepted the pair's resignations "with great reluctance."

The club added in a statement: "Everybody at Bolton Wanderers Football Club would like to thank Phil and Steve for their dedication and loyalty and we wish them the very best for the future."

Former Bantams boss Parkinson arrived at Bolton in 2016 and guided them to promotion back to the Championship at the first attempt.

Despite keeping them up the following season, the club's escalating financial issues saw them relegated back to League One with a 12-point penalty.

Earlier this week, Bolton announced the postponement of their League One clash with Doncaster due to "welfare concerns" for their young squad.