Is anyone watching? Ayre had questioned the international appeal of Bolton

'When we know the answer to what our opportunity is to acquiring those properties we can make a decision - until we do there is no decision to make.

'Parallel to that, economically it doesn't stack up building a new stadium of 60,000-plus seats and writing a cheque for that because you only get incremental revenue from those new 15,000 to 20,000 seats.

'The only thing which makes that stack up in this economy is having a naming partner.

'We are talking to a variety of people around the world who have good interest but if you try to force that process you actually devalue it.

'If people think you are desperate to do a deal they will try to chip the value of that and we are not desperate - it is just important to us.'

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