Bolton set for £27m takeover by end of week as Parminder Basran nears buyout

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CHESHIRE businessman Parminder Basran hopes to be in charge of Bolton Wanderers by the end of the week after agreeing a £27million deal.

Wilmslow-raised Basran made his money through investment deals with strong links to football through sponsorship work.

The deal to buy out owner Ken Anderson has been agreed at around £27m and the club’s debts will be paid off out of that
The deal to buy out owner Ken Anderson has been agreed at around £27m and the club’s debts will be paid off out of that
Getty – Contributor
Bolton were beaten 2-1 by Leeds on Saturday as they remained in the Championship relegation zone
Bolton were beaten 2-1 by Leeds on Saturday as they remained in the Championship relegation zone
Getty Images – Getty

Basran’s family also made fortunes in the catering industry and his team hope to bring expertise in all fields, with former Rangers and Nottingham Forest boss Mark Warburton on the football side.

The deal to buy out owner Ken Anderson has been agreed at around £27m and the club’s debts will be paid off out of that.

Bolton confirmed the sale was agreed and insiders reveal the process could be concluded this week before the players are due to be paid.

It is a massive lift for Wanderers who have been fighting financial troubles all season.


Mark Warburton is being tipped to take over as director of football
Mark Warburton is being tipped to take over as director of football
PA:Empics Sport
Phil Parkisons position as manager will be reviewed once the takeover is complete
Phil Parkison’s position as manager will be reviewed once the takeover is complete
Reuters

A winding up order from HMRC also forced Anderson to sell quickly.

Boss Phil Parkinson’s position will also be reviewed.

Warburton is set to take a director of football role and could appoint a new coach shortly.

The Trotters lost 2-1 to Leeds on Saturday to leave them in the Championship relegation zone.

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