Bolton Wanderers' takeover is now dependent on the outcome of the bidding process for the Whites Hotel, according to The Bolton News.

The report says a deal has now been struck with the Football Ventures consortium, but there is still catch-up work to be done on the other side of the complicated deal which involves the hotel adjacent to the stadium.

It is understood that the club's sale could well be wrapped up soon, just two months after the administrators were appointed, but no announcement can be made until a decision is reached on the hotel.

The Whites Hotel has been under the control of administrators Quantuma since mid-May and several parties have expressed an interest in buying it, but there has been no deadline set for a deal to be reached.

It is widely believed that Football Ventures hold an advantage in the hotel's bidding, as they see reportedly see the hotel as a key part of their plans and want a decision made swiftly.

The Verdict

This update suggests that significant progress has been made on Bolton's takeover since the appointment of administrators in May.

The fact that the hotel's ownership is the final decision to be made suggests that Bolton fans are not far from being able to breathe a sigh of relief, with a new era set to start at the club.

However, it is important the administrators do not let this issue drag on. Wanderers will be hoping for this situation to be resolved well before their League One campaign starts in August.

It is important that any deal is the right one for the club, but a swift conclusion to this matter would surely be the best outcome for all parties concerned.