Anderson Provides Update on Bolton Takeover Speculation

  • November 23, 2017 | By Chris Mann
  • URL Short URL: http://b-ac.es/5fb1b

Ken Anderson has revealed discussions over a potential sale of Bolton Wanderers were shelved after speculation began to creep into the club.

Last month, a leaked document surfaced on social media suggesting Wanderers had been placed on the market for a value in the region of £25million, something later confirmed by the owner himself.

Anderson later backtracked, however, and when asked by supporters at a Q&A event on Tuesday, he admitted three interested parties, two of whom were billionaires, had failed to provide sufficient evidence of their funding - leaving him no alternative but to cease talks.

"There were a number of people, including locals, who said they wanted to invest in the club, or wanted to buy the club outright," Anderson said, in quotes transcribed by The Bolton News.

"They basically fell into three categories: One, complete lunatics, two, people who said they had the money but when asked to show it and despite numerous promises couldn't produce it, and third, we ended up with probably three serious people. Two of them were billionaires and one was a substantial millionaire.

"We got a long way down with one of the people who wanted to come in and invest a lot of money into the club. Figures that were mentioned were £70-80million to buy players in the transfer market and go for the Premiership.

"We got to round about July and everything had gone in - they'd done their research and due diligence on the club - employed a top London law firm to look through the accounts and came away quite happy. Then it all went very quiet, and of two weeks ago I was told that the person's funds had been frozen world-wide.

"As I said, I stopped talking to people. Mainly because it was unsettling for the team, the staff and the management - whether they'd have a job, whether they'd stay. We stopped all negotiations and discussions.

"It is a bit different owning a football club, as I found out, to saying you are going to sell your house because if you put a for sale sign up, someone comes along, if you don't, they generally don't.

"Even though I have said I don't want to talk again until the end of the season, if that billionaire resolved his problems or another one came along and I thought they could take the club to the next level and compete with the Middlesbroughs, Leeds and Derbys, I would talk to them. That's me being honest."

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Pos Team Pld Pts
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20 Tranmere Rovers 2 1
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22 Oldham Athletic 2 0
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