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Bolton Wanderers saved as Football Ventures completes takeover

Bolton Wanderers have dodged the threat of liquidation after Football Ventures (Whites) Limited completed its takeover of the club.

The League One side were told on Tuesday they had 14 days to provide proof of funds or they would follow Bury in being removed from the English Football League.

A deal to sell the club to Football Ventures appeared to have collapsed over the weekend, but Bolton said in a statement on Wednesday an agreement is now in place.

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Joint administrator, Paul Appleton, told Bolton's official website: "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.