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Takeover welcomed at Bolton

The prospect of a takeover at Bolton has been welcomed by manager Phil Parkinson: Takeover would be fantastic news

A statement released on Sunday morning by Ken Anderson confirmed that an agreement to sell his stake in Wanderers’ parent company, Burnden Leisure how now been struck. It is understood that the Future Ventures consortium headed by Parminder Basran and Sharon Brittan could now take control of the club by next weekend. Entrepreneur Jeff Thomas is also involved.

Basran is the founder of investment firm VGC Partners and runs a private equity fund backed by Eduardo Savarin, one of the co-founders of Facebook.

The Championship side are scheduled to appear in the High Court on 20 March after being issued with a winding-up petition by HM Revenue & Customs. However, hopefully due diligence can be completed soon and EFL approval secured by then.

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