It’s finally some good news, Bolton fans! The club’s administrators have confirmed this morning that a preferred bidder has been and notified of that fact.
In a statement released just moments ago, it was revealed that the bidding war for Wanderers which has been running for the past few weeks looks to have come to an end.
The statement reads: “Best and final offers were received from five parties by the 4pm deadline on Wednesday and, after careful consideration, it was clear the preferred bid met every criteria laid down by the Joint Administrators.
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“The preferred bidder has also agreed to inject £1million into the club in order to fund the immediate running of the club and the rebuilding of the playing squad ahead of the new season.”
It’s finally starting to sound positive, folks.
There’s no news on just who the preferred bidder is at this moment in time due to a confidentiality agreement surrounding the bid.
However, Paul Appleton of David Rubin and Partners said in the statement that: “I am delighted we have been able to reach a more than satisfactory outcome to this stage of the process and I am confident the preferred bidder has the ability to take Bolton Wanderers forward.
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“We are now working towards a signed Heads of Terms agreement by close of play on June 14 and until that has been signed, we are still bound by the confidentiality agreement within the process.
“But I can assure all Bolton Wanderers fans that the preferred bidder has both the financial ability and the determination to turn around the fortunes of this great football club.”