Bolton Wanderers: Football Ventures completes takeover to save League One clubBolton Wanderers' survival has been secured after Football Ventures (Whites) Limited completed its protracted takeover of the club.
Administrators had warned the club could be placed into liquidation on Wednesday without a finalised takeover.
It looked to have collapsed on Monday, leading to bleak warnings about the future of the 145-year-old club.
"I'm delighted we've finally reached a satisfactory conclusion with the sale," said joint administrator Paul Appleton.
"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 has finally been rewarded."
"At times it has been difficult to keep our counsel but we took a decision to remain on the sidelines even when further damage was being inflicted by delays outside of our control," said a statement on behalf of Football Ventures.
"Now we are excited to begin restoring this magnificent football club to its rightful position, securing its future for the fans, the loyal club staff, and the players."
As a result of the takeover Bolton are now out of administration, with their place in the EFL no longer under threat.
"These past few months have undoubtedly been challenging and, at times, fraught - never more so in the past few days - and I would like to thank all parties for their efforts in achieving the desired outcome," said EFL executive chair Debbie Jevans.
Appleton praised one of the main creditors, the Eddie Davies Trust for being "willing to find a compromise to save the club" during the talks - but he was critical of the club's former owner Ken Anderson, who he said was responsible for the deal initially collapsing on Monday.
He added the Trust was determined "not to allow Bolton Wanderers to suffer any longer at the hands of Ken Anderson".
"Sadly, Mr Anderson has used his position as a secured creditor to hamper and frustrate any deal that did not benefit him or suit his purposes," he added.
"Thankfully, with the assistance of the Trust and others, we were able to overcome this obstacle."