Football Ventures (Whites) Limited confirmed as a preferred bidder for acquisition of Bolton
Paul Appleton of David Rubin & Partners, said: "We undertook a comprehensive bidding process where all interested parties were given an opportunity to make their best and final offer for the club.
"Football Ventures made the highest offer by a substantial margin and were also able to show absolute proof and source of funding to match the requirements of the process.
"They were also able to show the viability of a minimum two-year business plan for the club which was of the utmost importance.
"With the Heads of Terms agreement signed, we now move towards a Sales and Purchase Agreement and the completion of the deal."