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Bolton Wanderers set for Saudi Arabian takeover?

Are Bolton Wanderers set to be taken over by a middle eastern group?

Bolton Wanderers v Charlton Athletic - Sky Bet Championship Photo by Jan Kruger/Getty Images

As Bolton Wanderers fans, we're no strangers to news of potential takeovers. In fact, we've had enough to last a lifetime.

From Phil Gartside flying to Thailand to meet investors, to a Northern Irish consortium led by Neil Lennon's friend Gerry Carlile, to Egyptian billionaire Roger Tamraz, we've heard it all.

Dean Holdsworth and Ken Anderson finally completed their takeover in March, saving the club from administration and potential liquidation.

And Anderson has previously gone on to state that if Bolton have any chance of promotion back into the Premier League, more money is needed. He told the BBC back in September:

"We've had two or three serious people, all from overseas - China and Malaysia in general - that have talked to us"

"We've said that we are happy to meet them when they're next in the UK."

"Our aspirations are hopefully to get up this season, and then if we can get up we know that to compete with the Derbys, the Aston Villas, the Newcastles, and even when you look at what Forest and Bristol City are selling players for, we're going to need more money if we really ever think we're going to get back into the Premier League."

Last night, The Sun journalist Alan Nixon broke a story that Bolton Wanderers were attracting interest from a Saudi Arabian group. The article stated:

''BOLTON are attracting shock interest from a Saudi Arabian group who want to buy the League One title chasers.

The Middle East investors have contacted a London-based lawyer to investigate the cost of taking over at the Macron Stadium.

Chairman Ken Anderson and shareholder Dean Holdsworth have big stakes in Wanderers and no longer get on so negotiations will be complicated.''

Could Bolton Wanderers become the next Manchester City? Probably not.