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League Championship Side Bolton Wanderers Owner Reportedly Ready To Sell For £25M

Fans "welcomed moves" to sell League Championship side Bolton Wanderers -- as long as the new owners are "willing to invest heavily," according to Marc Iles of the BOLTON NEWS. Club Owner Ken Anderson is reportedly "willing to sell the club," with a price tag starting at £25M ($32.7M). A "glossy" investment summary document has been produced by the club which outlines to potential investors how much it would take to buy the 94.4% majority shareholding in Wanderers’ parent company, Burnden Leisure Ltd. The £25M package includes total ownership of the Macron Stadium, 40-acre training ground at Lostock, Whites Hotel and Premier Suite. According to the document, "all directors will stand down upon a successful takeover." Anderson said on several occasions that "he would welcome outside investment if the right people could prove they had enough funds to take the club to the next level." But in a statement published on Wanderers’ website, Anderson insisted, "Nobody has been instructed or retained to sell the club. Over the last 12 months, we have received many enquiries from China, America, Canada, the Middle East, Eastern Europe and the UK" (BOLTON NEWS, 10/5).

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