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Bolton Wanderers have announced the death of the club's former owner, Eddie Davies, at the age of 72.
His financial backing helped the club enjoy a successful era in the Premier League in the 2000s, a period when a string of big name stars signed for Wanderers.
Players including Jay-Jay Okocha, Youri Djorkaeff and Ivan Campo were signed during the reign of Sam Allardyce.
Mr Davies wrote off more than £175 million in loans when he sold the club in 2016.
In a statement the club said: "It is with great sadness that Bolton Wanderers Football Club has learned of the passing of former owner Eddie Davies CBE.
"The thoughts of all at the club are with his wife Sue, his family and friends at this sad time. Rest in peace, Eddie."
Members of the Bolton Wanderers squad visited Derian House in Euxton, Lancashire, after the club confirmed the children's hospice as its designated charity.
Ahead of their trip to Preston North End in the Championship, manager Phil Parkinson, his assistant Steve Parkin and first team duo Karl Henry and Mark Howard spent time with youngsters and their families and took a tour of the facility.
A company with a significant shareholding in Bolton Wanderers has been wound up.
Sports Shield BWFC Ltd had been given time to reach an agreement with a creditor, finance company BluMarble.
The Bankruptcy and Companies Court in London was told at a previous hearing the agreement had been reached in principle but was still awaiting approval from the English Football League.
But on Monday counsel for BluMarble, Tom Leary, told Ms Registrar Barber: "The settlement has not been forthcoming".
In a hearing that lasted a matter of minutes, the registrar agreed to his request for a compulsory winding up order against the company, which has a 37.5% shareholding in the club.
Bolton - one of 12 founding members of the Football League in 1888 - have won the FA Cup on four occasions and once had Nat Lofthouse, one of the most famous names in the history of the English game, in their ranks.
Sports Shield was not represented at the brief court hearing.
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The Bolton Wanderers Suporters Association says it welcomes the appointment of Phil Parkinson as the new manager of Bolton Wanderers.
In a statement, the BWSA said it wishes "Phil and his backroom team, Steve Parkin, Nick Allenby and Lee Butler every success and look forward to reviving Bolton Wanderers' fortunes together."
New Bolton Wanderers boss, Phil Parkinson, tells our sports correspondent Chris Hall that building character will be his number one priority after taking charge at the Macron Stadium.
Bolton have announced Phil Parkinson as the club's new manager after agreeing a compensation package with Bradford.
Parkinson, 48, has signed a two-year contract and will be joined at the Macron Stadium by assistant manager Steve Parkin.
Bolton had been searching for a new manager since March after Neil Lennon left the club by mutual consent, five days after Dean Holdsworth's Sport Shield consortium had completed its takeover.
"Bolton Wanderers Football Club are delighted to announce Phil Parkinson as the club's new first team manager," read a statement on the club's official website.
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