Burnden Park & Toughsheet Community Stadium

Bolton Wanderers dropped into the Third Division in 1983 and later spent a season in the Fourth. Their ground at Burnden Park, which at its peak had held over 60,000 spectators, was becoming increasingly dilapidated by the 1980s, and a section of terracing was sold off for redevelopment as a supermarket to help pay off the club's rising debts as attendances fell and the club slid into the lower divisions. The old ground's capacity was eventually reduced to just over 20,000.

In January 1990 the Taylor Report required every club in the top two divisions of the English league to have an all-seater stadium by the 1994-95 season. Bolton were still in the Third Division at that stage but were aiming for promotion, which was finally achieved in 1993. By that time the club's owners had decided to relocate away from Burnden Park to a new all-seater ground, and by 1995 they had identified a site at Horwich as their preferred location.

Lobb Sports was lead consultant and architect on the project. The local firm Bradshaw Gass & Hope acted as planning supervisors and quantity surveyors, Birse Construction was the contractor, and Deakin Callard & Partners provided the structural engineering. The contract was valued at £25 million, or US$42.1 million. The gabled architecture the ground is noted for had first been pioneered at the Kirklees Stadium.

Work began in 1996, and the stadium was opened in 1997 by John Prescott, the Labour politician who was then Deputy Prime Minister of the United Kingdom. The finished ground was all-seated. It has four stands, one at each end of the pitch and one along either side; the south stand serves as the away end and the east stand carries Nat Lofthouse's name. A hotel forms part of the stadium, and some of its rooms look out over the pitch.

The ground opened as the Reebok Stadium, named after the club's sponsor. Supporters considered the title impersonal and believed that too much emphasis was being placed on financial considerations. That opposition lessened considerably after the stadium was built, as fans grew accustomed to the name and were bolstered by Reebok's standing as a local company.

Macron branding was applied in July 2014, after Bolton Wanderers finalised a partnership with the Italian sportswear brand. In April of that year the club's long-serving chairman, Phil Gartside, said that he was "proud" to be associated with Macron and had "been very impressed with their [Macron's] passion for football". A four-year duration was negotiated, with an option for the club to extend at its completion. When the arrangement came to an end in August 2018 the ground was renamed the University of Bolton Stadium, and on 1 July 2023 it took the name of the Toughsheet Community Stadium under a five-year deal with a Bolton-based manufacturer of recyclable building products. The stadium is owned and operated by Bolton Wanderers, with an all-seated capacity of 28,723.

The first competitive fixture at the ground, and its first in the Premier League, was a goalless draw with Everton on Monday 1 September 1997. Gerry Taggart had a header for Bolton that crossed the line and was wrongly ruled out, and the points it would have won would have saved Bolton from relegation at Everton's expense. Alan Thompson became the first player to score at the stadium, from a penalty against Tottenham Hotspur on 23 September, in a match that finished level.

The ground staged its first international on 6 September 2002, a friendly between the England and Yugoslavia under-21 sides that finished level in front of 10,531 spectators, Danko Lazović scoring first and Shaun Wright-Phillips equalising. Lokomotiv Plovdiv were the visitors for the first UEFA Cup tie at the stadium, on 15 September 2005, when late goals from El Hadji Diouf and Jared Borgetti overturned the visitors' opener to win the first competitive European match in Bolton's history. The record attendance is 28,353, set against Leicester City on 28 December 2003.

Bolton Wanderers unveiled a bronze statue of Nat Lofthouse (1925–2011), their most famous player, before a game against Queens Park Rangers on 24 August 2013. It cost £100,000, funded by public donations and by sponsors, and was officially revealed by the club's owner Eddie Davies in a ceremony attended by the club chaplain Phil Mason, the chairman Phil Gartside, Lofthouse's son Jeff and the sculptor Sean Hedges-Quinn, who had taken 18 months over the work. Bolton Wanderers Women played at the ground for the first time on 20 April 2025, against Preston North End, selling more than 2,000 tickets and winning the match to be crowned champions of the North West Regional Division One North.

The stadium has hosted concerts by Oasis, Pink, Elton John, Coldplay, the Killers, Little Mix and Rod Stewart. The music video for Coldplay's 2005 single "Fix You" uses footage filmed at the band's Horwich concerts, where the track was performed twice on each night so enough footage could be captured. It has also staged the UK Open Darts Championship, boxing matches involving the local fighter Amir Khan and, in 2011, Premiership rugby union, when Sale Sharks lost to London Irish. Seven rugby league matches have been played there. In 2018 the ground hosted the first double-header semi-finals of the Challenge Cup, repeated in 2019, and it held a group match of the Rugby League World Cup in 2022. The Champion of Champions snooker tournament was played there between 15 and 21 November 2021, and the venue's Premier Suite is home to the amateur mixed martial arts event Full Contact Contender.

In 2014 the club established the Bolton Wanderers Free School at the stadium, a sixth form centre offering sports and related courses to 16 to 19 year olds that used the ground's facilities for most of its teaching and learning. It closed in 2017 on account of low pupil numbers, which had made it "not financially viable". In August 2019 the Labour leader Jeremy Corbyn held a campaign rally at the stadium. In March and April 2021 it housed Crown Court cases, the courts themselves having closed during the COVID-19 pandemic and a backlog of work having built up, and in the same year it served as a venue for COVID-19 vaccinations.