Bolton probably don’t care about any points deduction, they know they’re going down regardless so probably think fuck it, we’ll break the rules, take whatever points deduction they give us and start afresh in L2 next season.
From here on in, Bolton should be given a date to complete the takeover (say three weeks tops), until that deadline all their fixtures should be suspended with immediate effect with a view to being rescheduled should the take over be completed. But should Bolton not be fully taken over, deal done with all bells and whistles and proper proof provided with hard cash shown to the EFL by that date, they should be booted out the EFL. That’s what they’ve done with Bury, why not the same with Bolton? It absolutely stinks of prefrential treatment!
As for the punishment for failing to fulfill two fixtures now, personally I’d suspend the points deductions until next season. That will teach them a proper lesson. Plus a transfer embargo of at least a couple of years to ensure any farcical spending doesn’t happen.