Football Ventures (Whites) Limited has been named as the preferred buyer for Bolton. Wanderers have been searching for a new buyer and saw a takeover bid by former Watford chairman Laurence Bassini collapse in May. Bolton’s joint administrators have now confirmed the preferred buyers for the Sky Bet League One side. Paul Appleton, on behalf of administrators David Rubin & Partners, said in a statement: “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.” Bolton went into administration at the end of last season, having been relegated from the Sky Bet Championship. The Trotters will start next season with a 12-point deduction after going into administration. Topics League 1, Bolton Bolton bidders set Wednesday deadline to prove they can take over club Video: Bolton youngster Matt Fearnley scores second halfway line goal in two months Bolton staff told they will be paid by administrators Bolton’s administrators to take control of paying club staff We are so close, now go out and deliver – Neville issues England rallying cry Mounie confident Benin can topple Cameroon and reach knockout stages Mane makes up for early spot-kick miss with two goals as Senegal sink Kenya Algeria maintain perfect start to Africa Cup of Nations by beating Tanzania Liverpool midfielder Allan extends loan deal at Fluminense Manchester United move step closer to signing midfield star This striker could be leading the line for Chelsea next season in shock development Manchester United dealt blow as midfield target agrees terms with another club Quiz! Can you name Tottenham Hotspur’s last 50 signings? 5 things I want to see at Manchester United in 2019/20