A takeover bid of Bolton Wanderers is reportedly close to completion according to the Bolton News.
It was reported over the weekend that at least two separate parties are interested in buying the club from current owner, Ken Anderson.
One party are supposedly a UK-based consortium. While the other is apparently an unknown Russian investor.
However, Anderson has come out this afternoon and disparaged the report, stating that it’s purely media speculation.
Regardless of whether the news is true or not, what would a change in ownership ideally bring for Bolton Wanderers?
What do Bolton need in an owner?
Sadly the chances of Bolton being taken over by an oil-rich Arab sheikh, a la Manchester City, are less than slim.
But a buyer willing to invest money in the club will definitely be welcome.
First and foremost, you would hope that the right buyer would have the money to steady the ship. It’s been widely reported that Bolton have been struggling financially, so obviously the first port of call would be to stop the club falling into the clutches of administration.
Furthermore, it would also be a relief to many players and staff to be reliably paid on time.
But the most pressing matter for many fans would be the club’s ability to sign new players.
For a good few years now, Bolton have had to rely almost solely on freebies and loan deals. With the club fighting another relegation battle, that clearly isn’t good enough.
Hopefully, any potential new owner would bring in the cash to substantially improve the playing squad.
What would it mean for Parkinson?
Manager Phil Parkinson has worked miracles to earn promotion and survive relegation on a shoe-string budget. However, many fans have grown tired of the manager’s negative tactics and hoof-ball playing style.
Many believe that in almost any other footballing job, Parkinson would have gone a long time ago. But as Bolton have been teetering on the edge of financial stability, the chances are, the club simply can’t afford to sack Parkinson.
That is where a potential new owner could spell drastic change. With money to invest, a new owner would be very keen to install their own people in the club and that would probably include a new manager.
However, as the takeover bid remains little more than speculation, Parkinson’s job, you would assume, is safe for now.
Will a takeover actually happen?
We’ve been in a similar position before, quite recently too. Earlier in the season Anderson was reportedly speaking to three interested parties about a potential takeover bid. However, nothing materialised from the discussions.
Therefore, talk of a takeover deal should always be taken with a pinch of salt until the deal is over the line and confirmed.
We’ll have to wait and see whether anything comes about from this apparent bid but I’m sure Bolton fans will welcome a new owner, who’s willing to spend, with open arms.