Bolton Wanderers have confirmed that a deal has been reached to sell the club to former Watford owner Laurence Bassini, subject to clearance from the EFL.
The club have been looking for a buyer for many months amid serious financial struggles. Players were not paid their wages for March, but outstanding debts will be able to be cleared if this deal goes through.
The club confirmed the news on their official website, writing: "Bolton Wanderers Football Club are delighted to announce that a sale and purchase agreement has been signed which will see Ken Anderson's shareholding in Burnden Leisure Limited being sold to Mr Laurence Bassini.