"Would a man like Sam Allardyce, who came second in the race to become England coach, somebody who has a fantastic relationship with myself, move to Sunderland, who have been relegated to the First Division, on shaky ground financially and a new club in essence because of the takeover?
"He has three years of a ten-year deal remaining and he is not going anywhere.
"Bolton are a side that has finished in the top-ten of the Premier League in the last three years and there are only four other clubs who have done that – Manchester United, Arsenal, Liverpool and Chelsea – and for Sam to go anywhere else it would be a huge club."