New Bolton manager Owen Coyle confirmed financial factors influenced his move to the Reebok Stadium but stressed his own earning potential was not the reason he left Burnley.
Coyle has switched allegiances to Bolton, a team fighting a relegation battle, after being left frustrated by Burnley's prudent approach regarding potential new signings.
"There were financial restraints and an embargo placed last January, which meant I could not bring a player in," he said. "No-one was aware of that, not even my staff. I kept that to myself and got on with it. Yes, I have disappointed a lot of people by leaving the club, I accept that, but I can look at myself in the mirror and know I conducted myself in the right manner."
Coyle arrives at Bolton after helping Burnley win promotion and secure a place in the top flight for the first time in 33 years.
That extraordinary achievement saw the Glasgow-born boss courted by Celtic in the wake of the Clarets' Wembley play-off victory.
However Coyle rejected his boyhood heroes, insisting there is nowhere better to work in the world than the Barclays Premier League.
Coyle said: "When I came into the job at Burnley I was probably in the bottom three in terms of salaries in the Championship.
"It did not faze me because money has never been my motivation. If I had wanted money I would have taken the Celtic job and trebled, maybe even quadrupled my salary.
"The people at Burnley knew that. They knew I was ambitious. Managers do one or two things. They do well or they don't. If they don't they lose their jobs.
"Anyone who knows me is aware I put my heart and soul into that job and left no stone unturned."
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