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The news is in. Bolton Wanderers have been taken over.

The future of the Lancashire outfit was looking increasingly bleak with the 5pm Tuesday deadline to secure new ownership passing without a conclusion being met.

While it appeared as if the extended time would not be enough, the League One club announced on Wednesday they had reached an agreement with Football Ventures (Whites) Limited, in turn saving the club from suffering liquidation and a removal from the English Football League.

Such excellent news for a devoted fanbase has sparked feelings of both relief and profound joy, with many taking to Twitter to express their emotions.

Even fans of opposing clubs were offering their support and best wishes, fully aware that it has been a troublesome and tough few years for the club ever since they began suffering from financial issues back in December 2015.

Bolton fans can now also begin looking forward, to what will hopefully be a new, positive era in the club's history.

Some were already looking towards a return to the club's glory days.

While there is a natural outpouring of happiness for Bolton supporters, staff members, players and all associated with the League One side, there still remains an overall sadness over the situation ongoing at Bury.

The fellow third division side were expelled from the EFL after a proposed takeover of their own from C&N Sporting Risk collapsed. What happens now for the club is unknown, but their situation hasn't gone unnoticed amongst the mirroring news for Bolton.