A dozen players have been released by Bolton in the wake of its relegation from the Premier League, with U.S. internationals Stuart Holden and Tim Ream among those retained.

Ream played 13 games following his transfer from MLS in January. Holden has been dogged by injuries since his arrival in 2010 and has made only 28 appearances. He did not play a match last season.

Manager Owen Coyle has trimmed his squad with club facing a loss of approximately 50 million pounds ($79 million) as it drops to the League Championship.

Gretar Steinsson, Paul Robinson, Sean Davis, Robbie Blake, Ricardo Gardner, Ivan Klasnic, Mark Connolly, Tope Obadeyi, Rhys Bennett, Dino Fazlic and Tom Eckersley have all been released. Nigel Reo-Coker has also departed after activating a release clause in his contract, while Tuncay Sanli, Dedryck Boyata and Ryo Miyaichi have returned to their clubs after loans spells.

Striker Kevin Davies and defender Sam Ricketts will play in the Championship next season. Davies agreed a one-year contract, Ricketts signed a two-year extension.