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Published 17:18 13 Jun 2019 BST
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"I am delighted we have been able to reach a more than satisfactory outcome to this stage of the process and I am confident the preferred bidder has the ability to take Bolton Wanderers forward," Appleton told the BBC. "Until that (heads of terms agreement) has been signed, we are still bound by the confidentiality agreement within the process. "But I can assure all Bolton Wanderers fans that the preferred bidder has both the financial ability and the determination to turn around the fortunes of this great football club."
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