Bolton news: Chairman Ken Anderson has ‘agreement in principle’ to sell his shares in Championship club

Siemero March 25, 2021
Bolton news: Chairman Ken Anderson has ‘agreement in principle’ to sell his shares in Championship club
An agreement in principle has been reached for Bolton chairman Ken Anderson to sell all his shares in the club, the Championship side have announced.Anderson, whose Inner Circle Investments company holds around 95 per cent of the shares in Bolton Wanderers FC, released a statement on the club’s official website.This will be welcome news for the Bolton supporters1
This will be welcome news for the Bolton supporters
It read: “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.“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 fans have openly voiced their disapproval of Anderson, who has been actively looking to sell the Sky Bet Championship club.As recently as February 20, Anderson said he was in ongoing discussions with “several” consortia but warned some rumours of potential investors were “pure fiction”. However, it looks as though a deal has been struck with an unnamed consortium which will see the businessman leave the club.Bolton have been beset by financial difficulties this season. Players went on strike in the summer and pre-season friendlies were cancelled after wages had not been paid.They avoided administration in September after former owner Eddie Davies gave the club a loan just days before he died, while there was a huge row with Forest Green counterpart Dale Vince over the collapsed transfer of striker Christian Doidge last month.Bolton are also due in court next month to face a winding-up petition issued by HM Revenue and Customs, with the hearing scheduled to be held in the High Court on the morning of March 20.
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