Bolton Wanderers FC have confirmed that the club has been bought, just a day after being given a deadline by the EFL to sell or face expulsion from League One.
In a statement on their website Bolton confirmed the news saying, "We are pleased to announce the sale of Bolton Wanderers to Football Ventures (Whites) Limited has been completed."
Administrator Paul Appleton, said: "This has been one of the most complicated administrations I've been involved with but I'm delighted to say we have finally reached a satisfactory conclusion with the sale to Football Ventures.
"At times, some of the hurdles appeared insurmountable and the frustration felt has been immense, not least by the supporters who have had to endure too many weeks of uncertainty.
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"...Even at the 11th hour when other parties were content to renege on their agreements, the Trust realised the very existence of Bolton Wanderers was at stake and were willing to find a compromise to save the club. It is a testament to their unflinching determination to do what was best for Bolton that we are able to complete the deal today.
"...I have every sympathy for the staff, players and fans who have been forced to stand by while their club was taken to the brink. I am delighted their loyalty, dedication and patience have finally been rewarded.
"Of course, there will be difficult times ahead while the club gets back on its feet but there are too many people with Bolton close to their hearts for it not to be successful once more.
"The EFL and PFA have both played a major part in the club's survival. They have understood the complexities of the process and have stood strong in the fight to save Bolton, helping to drive this deal over the line.
"Now there can be a fresh start with owners who, I believe, will run the club for the good of the supporters and the community as a whole.
"For everything the fans have had to endure, they deserve nothing less."
Bolton have started their season under a cloud and with so few first team players still at the club they have had to rely on mainly youth team players.
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Manager Phil Parkinson quit the club last week and the club sit bottom of League One with minus 11 points after starting the season on minus 12.
The fantastic news for Bolton comes less than 24 hours after fellow north west club Bury were expelled by the EFL after failing to find a buyer.
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