Bolton Wanderers are confident that Owen Coyle will remain as their manager and that there will be no budget cuts despite the disappointment of their relegation to the Championship on Sunday and the club's £111m debt.

That money is described as "soft", with almost all of it owed to Eddie Davis, the owner, with it being understood that there is just a £10m working overdraft with Barclays Bank. The club's confidence that they are on sound financial footing also derives from them owning the Reebok Stadium, their training ground and other important infrastructure.

Beyond the future of Coyle, who is said to be "going nowhere", there are 11 players out of contract, with the most prominent being Kevin Davies, the captain, who stated he is "pretty sure" he will be at the club next season.

He told BBC Radio Manchester: "Some players may have made their decisions already, whether they want to stay or not. Right now I don't want to talk about it too much, but I'm pretty sure I'll be here next year."

The other 10 players are Sean Davis, Robbie Blake, Paul Robinson, Martin Petrov, Sam Ricketts, Jussi Jaaskelainen, Gretar Steinsson, Ivan Klasnic, Ricardo Gardner and Zat Knight. Of these Davis, Blake, Robinson and Klasnic are likely to leave, Petrov, Ricketts, Knight and Jaaskelain are expected to stay at the club while the futures of Gardner and Steinsson are in the balance.

Davies, whose goal in the 2-2 draw at Stoke City came in vain, said of his side's relegation: "It feels like a bad dream. We had to win the game and we put ourselves in the position to do that again. We've just not done enough as a team to win the game. We found ourselves coming into the game with a chance and we've let that chance go."

Ricketts said: "We gave ourselves a huge mountain to climb. It was that early part of the season where we let ourselves down a little bit. We got in a great position to get out of it and in the end we couldn't quite achieve it. I think it's a time to get away, refresh yourself and look at how to bounce back from this. You need to evaluate when things haven't gone according to plan. The most important thing is to come back stronger and better than you were before."