Sounds like bad management somewhere down the line, no matter how far Bolton Wanderers fall (if they do) there will always be 'other' clubs to replace them. A very good friend of mine supports Maidstone, he has followed them since League two, expulsion because of bankrupcy (the last club to go bankrupt before Bury 27 years later), reformation into the Kent County League Fourth Division in 1993 (village football!) and subsequently progression through the non-league pyramid all the way back to the conference! Unfortunately they've subsequently dropped back a division but are doing OK so far this season, it could be that 30 years after bankrupcy Maidstone Utd return to where they were when they went bankrupt in the first place! Maidstone Utd didn't have a devine right for league football, perhaps before long Bury or hell, even Bolton Wanderers could find themselves plying their trade in Lancashire County League Division 4?