Home 1XBET Bolton Wanderers saved as Football Ventures Limited complete takeover

Bolton Wanderers saved as Football Ventures Limited complete takeover

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Bolton brought back from the brink

Football Ventures Limited have completed their takeover of Bolton Wanderers, 14 days before they faced expulsion from the EFL.

Bolton have been in administration since May and have had several problems maintaining a squad and paying any staff at the club.

Having been relegated from the Championship last season, the club have also been on a downward slope ever since.

Heavy losses to Tranmere and Ipswich recently have emphasised Bolton’s troubles.

The club were even forced to postpone their match with Doncaster last weekend having only five senior players available.

Now, Bolton could soon be on the up again with the club under new ownership.



Fresh start is on the horizon

In a statement on the Bolton website, the club confirmed the news with Joint Administrator Paul Appleton explaining the struggle they’ve been through.

Appleton also went into the specifics about why a deal took so long.

He explains that the supporter’s trust had to ‘constantly compromise’ to get previous owner Ken Anderson out of the club.

Appleton also revealed Andreson attempted to frustrate any deal that didn’t suit him.

“The Trust were forced to constantly compromise their position in the face of circumstances and demands which were wholly unreasonable,” the statement read.

“This says much about their determination not to allow Eddie’s beloved Bolton Wanderers to suffer any longer at the hands of Ken Anderson.

“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.”

Speaking about the positives, Appleton suggested that the new owners ‘will run the club for the good of the supporters’.

“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,” he continued.

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