English second-tier soccer side Bolton Wanderers are set for a change in ownership after chairman Ken Anderson announced an agreement in principle to sell his stake in the Championship strugglers.
Anderson’s Inner Circle Investments, which holds roughly 95 per cent of the club’s shares, plans to offload its stake in Wanderers’ parent company, Burnden Leisure, to the Future Ventures consortium, which is led by Cheshire-based businessman Parminder Basran and his business partner Sharon Brittan, according to Sky Sports.
The Bolton News reports that Future Ventures could take control of the club by next weekend, pending approval by the English Football League (EFL).
On Sunday, Anderson released a statement confirming that an agreement with an unnamed party had been signed. If the deal goes through, he is expected to leave the club.
‘The chairman is pleased to announce that an agreement in principle has been reached that will result in Inner Circle Investments selling its total shareholding in Burnden Leisure,’ read the statement.
‘A period of due diligence has now begun, once this process has been completed and the requirements of the EFL have been satisfied a further announcement will be made to supporters.’
Bolton have faced financial difficulties for some time and narrowly avoided entering administration in September after securing a UK£5 million loan from former owner Eddie Davies. Last summer, players went on strike over unpaid wages while the club remains subject to a winding-up petition issued by the UK’s HM Revenue and Customs.
They currently sit 23rd in the Championship table…