The day we've all been waiting for has finally arrived: Bolton Wanderers is officially under new ownership! Today the club confirmed the news we at LOV Towers broke exactly four months ago to the day, releasing the following statement a few minutes ago.
Bolton Wanderers Football Club is delighted to announce that a deal between Sports Shield, Inner Circle and Eddie Davies to transfer ownership of the club has officially been completed.
The Sports Shield consortium, fronted by ex-Bolton striker Dean Holdsworth, and Inner Circle, owned by Ken Anderson, have taken control of Eddie Davies’ 94.5 percent controlling share of Burnden Leisure.
The remaining 5.5 percent of the Burnden Leisure shares will remain with individual shareholders.
All documentation has been signed, submitted and ratified by the Football League.
Dean Holdsworth and Ken Anderson will both join the board of directors at Bolton Wanderers, with details on further roles to be announced in due course.
In acknowledgement of his contribution to the club, Eddie Davies, who initially joined the board of directors at Bolton Wanderers in 1999 before then becoming majority shareholder in 2003, will become honorary president of the club.
We're sure there are many more twists and turns to this tale, but what do you think about the takeover? Do you believe the Sports Shield/Inner Circle Investments combo can lead the club in the right direction? Have your say in the comments!