Sunday 24 February 2019 22:04, UK
Bolton have announced that an agreement in principle has been reached for chairman Ken Anderson to sell his shares in the club.
Anderson, whose Inner Circle Investments company is believed to hold around 95 per cent of shares, has been looking for a buyer for some time and Sky Sports News understands Cheshire based businessman Parminder Basran and business partner Sharon Brittan are heading up the consortium that has agreed a deal.
Earlier on Sunday, Anderson released a statement on Bolton's official website confirming that a deal was close.
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 voiced their disapproval of Anderson, who has been actively looking to sell the Sky Bet Championship club.
On February 20, he 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 Anderson leave the club.
Bolton have been beset by financial difficulties this season, and players went on strike in the summer, after wages had not been paid.
The Trotters avoided administration in September after former owner Eddie Davies gave the club a loan just days before he died.
And Bolton are 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.
