Hoop Blah That's a pretty staggering level of debt for Bolton but I think most of it is owed to the owner who one presumes is reasonably comfortable with it and isn't going to start calling it in (in a similar way as we owe Madejski and Chelsea owe Abramovich).
To lose that amount of money in one year, a third of their debt, seems odd too.
Always assuming that the owner (and Madejski, Abramovich etc) don't die, get seriously ill, get put in prison, get extradited and so on.....
You have to wonder why people put money into clubs (or allow it to build up as debt) but don't actually give it to the club (as they'd need to in Germany for the club to be allowed to spend it as "income"). If you can spare it, just hand it over - if you can't, dont - but whatever you do don't leave it hanging over the club as a liability.