Chairman Ken Anderson and a company acting on behalf of late owner Eddie Davies's Trust have separately filed documents to place Bolton into administration.
Anderson said on Wednesday there was "little or no choice" but for "one of us" to take action, but a club statement said papers have in fact been filed by both parties.
"Ken Anderson filed the Notice of Intent to appoint an administrator forms with the (Insolvency and Companies Court) yesterday morning for both Bolton Wanderers Football Club and Bolton Whites Hotel in his position as a qualifying floating charge holder on both companies," the statement said.
"Later in the day Flidraw Limited, on behalf of the late Eddie Davies's Trust, also filed similar documents for both Burnden Leisure and Bolton Wanderers Football Club having served demand notices on both companies earlier in the day."
Bolton hope to have an administrator in place by the end of the week, although the process can take up to 10 days.
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