PHIL PARKINSON is set to call time on his reign as Bradford City manager to take charge of Bolton Wanderers.
The 48-year-old, the sixth longest-serving manager in the Premier and Football Leagues, is expected to be unveiled by the Lancashire club on Friday as the successor to Neil Lennon.
Compensation will have to be paid to release Parkinson, who has been in charge at Valley Parade since August, 2011, but agreement appears to have been reached between the two clubs.
His exit follows last month’s takeover at Valley Parade by German investors Edin Rahic and Stefan Rupp.
Lennon left Bolton by mutual consent in March, five days after Dean Holdsworth’s Sports Shield consortium completed its takeover, with academy boss Jimmy Phillips taking charge on an interim basis until the end of the season.
Parkinson’s pending departure will come as a shock to both Bolton and Bradford’s fans as Steve Cotterill and Nigel Adkins, both without clubs, were reported to have been in a two-horse race for the job.
Bolton’s joint-chairman Ken Anderson announced earlier in the week that Bolton had ruled out paying compensation for Lennon’s replacement.
Parkinson led the Bantams to promotion from League Two via the play-offs in 2013, three months after steering them to the Capital One Cup final when they became the first club from English football’s bottom tier to reach a major final at Wembley.
Parkinson also masterminded Bradford’s 4-2 FA Cup fourth-round upset of Chelsea at Stamford Bridge last year when his side went on to reach the quarter-finals and guided them to a fifth-placed finish in League One this season before they lost out to Millwall in the play-off semi-finals.