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Sky Bet Championship news: Laurence Bassini agrees Bolton Wanderers takeover

The University of Bolton Stadium
The University of Bolton Stadium

Former Watford owner Laurence Bassini has agreed a deal to buy Bolton, subject to approval from the English Football League.

"Significant funds" will be made available to pay wages and some creditors before the deal is ratified, with all debts to HRMC and suppliers settled once it has been completed, according to the club.

Outgoing chairman Ken Anderson said: "I am very pleased to hand over ownership of this great club to Laurence, I wish him and all of our supporters the very best for the future."

Bolton have lost five of their last six games and will be relegated from the Sky Bet Championship to League One if they lose to Aston Villa on Friday. Earlier this month players staged a 48-hour strike after receiving their wages late for the second month in a row.

A statement from the club read: "Bolton Wanderers Football Club are delighted to announce that a sale and purchase agreement has been signed which will see Ken Anderson's shareholding in Burnden Leisure Limited being sold to Mr Laurence Bassini.

"This agreement will give Laurence Bassini full control of Burnden Leisure Limited and of course both Bolton Wanderers Football Club and Whites Hotel.

"The change of ownership requires approval by the English Football League before the deal can be finalised. The financial terms of the transaction will remain private and confidential between the parties.

"Prior to the ratification by the EFL, significant funds will be immediately be made available to the club enabling the payment of the outstanding wages to the players and coaching staff along with a number of the long term creditors.

"Once completion has occurred, all the long terms debts to HMRC and suppliers will be settled."

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Most Read Football

Our best bets for the latest round of Europa League games1

Europa League betting preview

Paul Higham has a best bet for all four Europa League quarter-finals on Thursday night as Arsenal and Chelsea look to make the last four.

2

Sporting Life Accumulator

This week's Sporting Life Accumulator involves four teams from the Sky Bet EFL, priced up at 22/1 with Sky Bet.

Get all the latest football gossip from the day's back pages3

Paper Talk: Double trouble

Real Madrid are plotting to land Eden Hazard and Paul Pogba in a dream double swoop this summer, according to one paper today.

Sporting Life's Premier League preview4

City to get revenge on Spurs

Our tipster expects Man City to be fired up for their Premier League clash with Spurs after their midweek thriller, with two recommended bets.

Alex McLeish5

McLeish sacked by Scotland

Alex McLeish's second spell as Scotland manager is over after just over a year, with David Moyes joint-favourite to replace him.

Football Tips

Our best bets for the latest round of Europa League games

Europa League betting preview

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