In January, Bolton owner Ken Anderson admitted that the club "needs someone with greater financial resources than I have"
Bolton Wanderers says an "agreement in principle" has been reached for owner Ken Anderson to sell the club.
Anderson owns 94.5% of club through his Inner Circle company and said in January that he was "doing his utmost" to find a buyer amid fan protests.
The Championship side are scheduled to appear in the High Court on 20 March after being issued with a winding-up petition by HM Revenue & Customs.
"A period of due diligence has now begun," said a Bolton statement.
"Once this process has been completed and the requirements of the EFL have been satisfied a further announcement will be made to supporters."
Bolton were placed under a registration embargo in January, meaning an agreed permanent deal for on-loan Forest Green striker Christian Doidge collapsed.
The subsequent disagreement between the clubs led to Forest Green selling "No Ken Do" T-shirts - in reference to Anderson - with all profits going to the Championship club's Supporters' Trust.
Anderson first bought a stake in the club during a takeover in 2016 along with former striker Dean Holdsworth, taking majority control the following year after acquiring Holdsworth's company's shares after it went into liquidation.
Bolton were beaten 2-1 by Leeds United on Saturday which left them second-from-bottom of the Championship and four points from safety.Source: bbc.com
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