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BOLTON have been saved from potential extinction after a £10million offer from group Football Ventures was accepted - with the help of Pink Floyd's drummer.
Supremo Sharon Brittan and rock icon Nick Mason finally got their way after the family of late owner Eddie Davies - the major creditor - accepted a staggered payments deal.
The news is a huge relief for fans of the League One club, who last night saw Bury kicked out of the EFL after their takeover bid collapsed.
SunSport told you how Bury's potential buyers are now begging the EFL to reverse their decision because they do have the £7m needed to buy the side.
Bolton were last night given a two-week extension to bring in a buyer.
The ruling Davies family started off by asking for £17m when the club went into administration but will settle for around £5m paid over the next three years.
And that was only possible after super fan Mike James put in more funds to increase the Football Ventures kitty, as revealed yesterday.
The swoop will also see FV take charge of the club’s hotel which has also been in administration.
New backers were brought on board including long-term business ally and drummer Mason, and Keith Morris, a retired former insurance company owner.
The group will pay around £10m for the club side of the deal and a further £7.4m for the hotel.
https://www.thesun.co.uk/sport/football/9815835/bolton-wanderers-saved-football-ventures/
BOLTON have been saved from potential extinction after a £10million offer from group Football Ventures was accepted - with the help of Pink Floyd's drummer.
Supremo Sharon Brittan and rock icon Nick Mason finally got their way after the family of late owner Eddie Davies - the major creditor - accepted a staggered payments deal.
The news is a huge relief for fans of the League One club, who last night saw Bury kicked out of the EFL after their takeover bid collapsed.
SunSport told you how Bury's potential buyers are now begging the EFL to reverse their decision because they do have the £7m needed to buy the side.
Bolton were last night given a two-week extension to bring in a buyer.
The ruling Davies family started off by asking for £17m when the club went into administration but will settle for around £5m paid over the next three years.
And that was only possible after super fan Mike James put in more funds to increase the Football Ventures kitty, as revealed yesterday.
The swoop will also see FV take charge of the club’s hotel which has also been in administration.
New backers were brought on board including long-term business ally and drummer Mason, and Keith Morris, a retired former insurance company owner.
The group will pay around £10m for the club side of the deal and a further £7.4m for the hotel.
https://www.thesun.co.uk/sport/football/9815835/bolton-wanderers-saved-football-ventures/
Last edited by Sluffy on Fri Aug 30 2019, 12:10; edited 2 times in total
