Bolton’s chairman, Ken Anderson, has come to the fore to separate fact from fiction with plenty of rumours flying around of potential buyers.
There have been murmurs of possible interest from a Turkish buyer and a Russian-backed consortium but Anderson has debunked both.
Writing on the club’s website, the chairman states: “the comments about a Turkish buyer are pure fiction and to the best of my knowledge are yet more speculation.
“There have also been various other postings about a North West consortium backed by Russian money. Again, this is pure fiction.”
There is little that can be revealed at this stage as most of the negotiations are subject to Non Disclosure Agreements (NDAs).
However, Anderson has confirmed that he is speaking with several consortia about a possible deal.
In his column, he continues: “The facts are that there is a consortium with which heads of terms were agreed and discussions are ongoing.
“There has, over the last week or so, been further interest from several other consortiums who have all signed NDAs and discussions are also ongoing with them.”
All we can gather from this very vague column is that several parties are interested in the club, with one consortium currently further on in the process than others.
As with any business takeover, all the fine details will be kept tightly under wraps until a final deal has been struck.
With several interested parties, the process of selling the club could take a while.
Anderson will want to get the best possible deal for the club and will likely use the several interested parties to bump up the price.
It’ll certainly be interesting to follow over the coming weeks. Hopefully any potential buyers will be be able to give Bolton Wanderers the financial backing it needs.