Boost for Lenny's Bolton as sale is approved
Bosses at struggling Bolton Wanderers say Football League officials have conditionally approved a sale of the club.
A spokesman said yesterday that directors wanted to thank staff for their "unfaltering commitment to the cause" during an "incredibly difficult period".
The club, who have former Northern Ireland ace Neil Lennon in charge, issued a statement after a specialist judge gave the club more time to pay a £2.2m tax bill and refused to grant a winding-up application by HM Revenue and Customs.
Registrar Clive Jones had analysed evidence at High Court hearing in London. Mr Jones said the case would be reviewed in two weeks.
Tax authority officials had asked for Bolton - who fell to the bottom of the Championship on Saturday after losing 2-1 at Leeds - to be wound up after complaining that the club had not paid a £2.2m bill.
But a lawyer representing Bolton said "significant progress" had been made in sale plans.
"The club have received conditional approval to the transfer of ownership," said a Bolton spokesman. "The board would again like to thank all staff at the club for their loyalty."