NEIL LENNON could find himself working for new owners after his Bolton Wanderers side was eyed for a possible takeover by a consortium based in Thailand.

The former Celtic boss took charge of the Lancashire club earlier this month.

But they are a staggering £168million in debt and are looking for investors.

Now reports in the Far East have suggested that Thai groups BEC-Tero and Siam Sport Syndicate are preparing a £40million joint bid to acquire the club from owner Eddie Davies.

And Lennon may be forced to work with an influx of Thai players.

BEC director Bryan Marcar said: "Bolton Wanderers have plenty of property and, most importantly, they have their own stadium, hotel and football academy.

"In terms of their financial status, they made profits between 2004 and 2006, but suffered losses since then, with their debt now standing at £168 million.

"However, the club is willing to address this situation.

"They're quite ready in almost every aspect. That will help us benefit in many ways, especially when it comes to Thai players playing in England."

However, Bolton chairman Phil Gartside insisted that no deal was close.

He stressed: "We have spoken to several parties who have expressed interest in investing in the club but this interest from Thailand comes as a complete surprise to me."