The administrators of Bolton  Wanderers have announced that the club has been sold to Football Ventures (Whites) Limited

Joint Administrator, Paul Appleton, said: “This has been one of the most complicated administrations I’ve been involved with but I’m delighted to say we have finally reached a satisfactory conclusion with the sale to Football Ventures.

“At times, some of the hurdles appeared insurmountable and the frustration felt has been immense, not least by the supporters who have had to endure too many weeks of uncertainty.

He added:

“Even at the 11th hour when other parties were content to renege on their agreements, the Trust realised the very existence of Bolton Wanderers was at stake and were willing to find a compromise to save the club. It is a testament to their unflinching determination to do what was best for Bolton that we are able to complete the deal today.

The new owners announced that a search for a new manager is underway

“We understand Phil Parkinson and Steve Parkin’s decision to leave the Club. They have behaved impeccably and loyally and we wish them both nothing but the best for whatever the future may hold.

It is now imperative that we commence the process of appointing a manager and strengthening the team with the right players to take the club forward.

The true spirit of this football club rests with the fans, it is nothing without them. The support shown to the players during this season’s opening fixtures has been overwhelming.”

Former owner Ken Anderson came in for criticism from the administrators:

“Sadly, Mr Anderson has used his position as a secured creditor to hamper and frustrate any deal that did not benefit him or suit his purposes. Thankfully, with the assistance of the Trust and others, we were able to overcome this obstacle.

“I have every sympathy for the staff, players and fans who have been forced to stand by while their club was taken to the brink. I am delighted their loyalty, dedication and patience have finally been rewarded.

“Of course, there will be difficult times ahead while the club gets back on its feet but there are too many people with Bolton close to their hearts for it not to be successful once more.

“The EFL and PFA have both played a major part in the club’s survival. They have understood the complexities of the process and have stood strong in the fight to save Bolton, helping to drive this deal over the line.

“Now there can be a fresh start with owners who, I believe, will run the club for the good of the supporters and the community as a whole.

“For everything the fans have had to endure, they deserve nothing less.”

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