Former Coventry City loanee Dean Holdsworth has completed a takeover of Bolton Wanderers.
Holdsworth is fronting the Sports Shield and Inner Circle consortium which is owned by Ken Anderson.
They have taken a 94% share in Bolton and have bought for the club for £7.5m with former owner Eddie Davies, who will become the club's president, having waived his share of the £172m debts that Bolton are reported as having amassed.
Holdsworth is quoted as saying to BBC Radio Manchester: "It has been an incredible journey, a big battle, and we have been minutes away from not achieving what we wanted so to finally get the paperwork done and the acquisition complete is fantastic.
"I wouldn't have anticipated six months of what we have been through but I now want to look forward because it has been a huge achievement for not only me but also the club.
"I am proud and honoured to be a part of a new history. This club is steeped in history and to lose it would have been unimaginable.
"Ken Anderson will take over as chairman, he is a football man, very knowledgeable and experienced.
"My life has always been hands on with football and I will have an oversight with recruitment and the academy.
"Neil Lennon is still the manager, we know he has had a tough ride, it's unfair to talk about anybody's future today."
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