KEN Anderson has pledged to make Bolton Wanderers “sustainable” following his takeover at the Macron Stadium this week.

Fresh from increasing his shareholding from 57.5 to 95 per cent, the Whites chairman expressed his relief at having concluded complex negotiations, safeguarding the club’s short-term future.

Anderson has renegotiated terms of a loan with BluMarble finance – whose winding-up petition against former co-owner Dean Holdsworth’s company, Sports Shield BWFC, led to its liquidation.

It is understood the Football League were threatening to act on the court decision and issue a minimum 12-point deduction if the situation was not resolved swiftly by liquidators Quantuma.

Anderson is now hoping for calmer waters ahead after his company Inner Circle Investments Ltd took control of the ‘spare’ shares.

“The situation regarding Sports Shield BWFC and BluMarble had dragged on for far longer than anybody could have envisaged,” he said.

“The whole issue proved to be distracting and confusing for many of our supporters so I am very pleased that I’ve now finally acquired Sports Shield BWFC’s shareholding from the liquidator, which takes Inner Circle Investments Limited’s stake in Burnden Leisure Limited to a 95 per cent shareholding.

“I would like to reiterate my gratitude to BluMarble for all of their cooperation in swiftly concluding the situation. Throughout the negotiations they were always keen to minimise any damage to the business and have remained very supportive of the football club at all times.

“These distractions and the ensuing uncertainty over the past few months have been far from ideal but I am pleased to say that our focus can now be firmly fixed on football matters and getting behind Phil Parkinson, his staff and the players.

“From day one, the best interests of Bolton Wanderers Football Club have always been at the forefront of my mind.

“Nobody needs me to tell me how great this football club is. With such a long, rich and proud history it is important that we strive to reach our former glories."

Anderson wants to work towards removing the transfer embargo, which has been in place at Wanderers since December 2015.

“We are now in a much stronger position to do this and I will work assiduously with everybody at the football club to ensure that we have the correct tools in place to make further progress," he said.

“Whilst we have made great strides over the past 18 months in moving the club to a sustainable financial model, there is still a great deal of work to be done and that we need to get even more of our fans coming through the turnstiles.”