Marsh, a former footballer with Queens Park Rangers, Manchester City and Fulham was given the news today following comments made on the Your On Sky Sports programme last night.
The cockney pundit once described Wanderers star Ivan Campo as a pub player when the Spaniard first arrived at the Reebok Stadium from Real Madrid in the 2002-2003 season and has constantly tipped Bolton for relegation.
The 60-year old made this statement to the press association.
"I apologise unreservedly for any offence I caused by my thoughtless and inappropriate comment I made last night.