Bolton Wanderers saved as takeover completed

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Bolton Wanderers began the season with a 12-point deduction after going into administration in MayBolton Wanderers’ survival has been secured after Football Ventures (Whites) Limited completed its protracted takeover of the club.Administrators had warned the club could be placed into liquidation on Wednesday without a finalised takeover.It looked to have collapsed on Monday, leading to bleak warnings about the future of the 145-year-old club.”I’m delighted we’ve finally reached a satisfactory conclusion with the sale,” said joint administrator Paul Appleton.”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 has finally been rewarded.”On Tuesday, the English Football League gave Bolton 14 days to complete a deal or face expulsion from the competition.Bury became the first club to be expelled from the league for 27 years on Tuesday, after a takeover bid fell through just before the EFL’s deadline.”At times it has been difficult to keep our counsel but we took a decision to remain on the sidelines even when further damage was being inflicted by delays outside of our control,” said a statement on behalf of Football Ventures.”Now we are excited to begin restoring this magnificent football club to its rightful position, securing its f

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