Bolton Wanderers boss Neil Lennon is hopeful that the club can avoid administration, reports the BBC.
The 44 year old Scot says he is “still optimistic” about the clubs chances of avoiding it.
The Championships bottom club are in a huge debt of £172.9m and face a hearing over a winding-up petition on January 18.
The Trotters are set to sell midfielder Mark Davies to Sheffield Wednesday, whilst star striker Zach Clough is talking to Bristol City after they accepted an offer for him.
Lennon said: “the plan was if we get the capital in from the two sales that might tide us over for Monday [18 Jan].”
“I’ve not spoken to [club advisor]Trevor Birch today and seen what the situation is, but we’re still optimistic something can get done.”
“The last thing we want is to be in administration, that’s for sure.”
Bolton look destined for relegation from the second tier and are four points adrift of safety.
They are looking to sell a number of key players to help them raise funds and are also under a transfer embargo for the rest of the campaign due to breaking financial fair play rules.
Lennon’s future was also in doubt after newspaper allegations about his private life, although talks he had with the club did not result in him leaving his managerial position.