Football Ventures Consortium Close on Bolton Takeover

  • June 13, 2019 | By Chris Mann
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Reports on Thursday evening suggest the Football Ventures consortium is closing in on the successful takeover of Bolton Wanderers.

Football Ventures (Whites) Limited, fronted by businesswoman Sharon Brittan, has held a long-standing interest in the club but walked away from discussions earlier in the year after failing to reach an agreement with outgoing chairman Ken Anderson, citing 'hidden debts' as their reason to abandon talks.

Supported by Parminder Basran, Jeff Thomas and Michael James - the latter of whom is a creditor owed a considerable sum - the group is now said to have been selected as the preferred bidder by administrators David Rubin & Partners.

As reported by both The Bolton News and The Times, a takeover is expected to be finalised on Friday after the group injected a figure of £1million to assist with preparations ahead of the forthcoming pre-season calendar.

Although official confirmation has yet to be received, Phil Parkinson's time in charge of the Trotters is likely to be put under serious doubt, with the national newspaper going as far as to suggest current under-23 boss David Lee is being lined up as a potential successor.

Sky Bet League One Standings

Pos Team Pld Pts
1 Portsmouth 19 42
2 Bolton Wanderers 18 39
3 Oxford United 18 36
4 Stevenage 20 36
5 Peterborough United 19 35
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