Bolton Wanderers have announced that the Sports Shield consortium has completed its takeover of the Championship club.
Bolton announced on Thursday that Sports Shield -- fronted by former Wanderers striker Dean Holdsworth and Inner Circle, owned by Ken Anderson -- has taken control of Eddie Davies' 94.5 percent controlling share of Burnden Leisure.
The remaining 5.5 percent of the shares will remain with individual shareholders.
A statement on the club's official website read: ''Bolton Wanderers Football Club is delighted to announce that a deal between Sports Shield, Inner Circle and Eddie Davies to transfer ownership of the club has officially been completed. All documentation has been signed, submitted and ratified by the Football League.
''Dean Holdsworth and Ken Anderson will both join the board of directors at Bolton Wanderers, with details on further roles to be announced in due course.
Statement following completion of takeover deal between @SShieldOfficial, Inner Circle and Eddie Davies.
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- Bolton Wanderers FC (@OfficialBWFC) March 10, 2016
''In acknowledgement of his contribution to the club, Eddie Davies, who initially joined the board of directors at Bolton Wanderers in 1999 before then becoming majority shareholder in 2003, will become honorary president of the club.''
Holdsworth, who becomes Bolton's new chief executive, hopes the deal will give the club a lift, while he has not given up on Neil Lennon's team in their battle against relegation -- despite Wanderers being bottom of the Championship and 10 points from safety with 10 matches remaining.
''On behalf of Sports Shield I would like to thank Mr Davies for his dedication and contribution to Bolton Wanderers over many years," Holdsworth said in a statement. "We are of course pleased that Eddie will remain as honorary club president of Bolton Wanderers.
''We would also like to thank the staff, fans and club sponsors for their continued support during what has been an incredibly difficult period for all involved. Securing the club's future was of paramount importance. This is a great day for Bolton Wanderers Football Club and Sports Shield.
Statement from Dean Holdsworth on behalf of @SShieldOfficial.
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- Bolton Wanderers FC (@OfficialBWFC) March 10, 2016
''We very much hope that we can build on the continued support of a club steeped in history for many years to come. We will not give up the fight of maintaining our Championship status. We believe we have a group of excellent players to work with and we hope that today's news will give everyone a lift, both on and off the pitch.
''The performance and atmosphere against Ipswich Town was excellent and we hope that the fans will join us for an important game at the weekend against our local rivals Preston North End. Up the Trotters!''
Honorary president Davies is thought to have written off a sum in the region of £170 million owed to him by Bolton, who were in the High Court on Monday for a winding-up order issued by HMRC.
The hearing over an unpaid tax bill approaching £3m was adjourned for 14 days in order to provide Davies with extra time to complete the sale of the club, which has now been completed.