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Bolton avoid administration and point deduction

Bolton were potentially facing a 12-point deduction. Credit: PA

Bolton have avoided administration after agreeing a deal to pay off their main creditor, chairman Ken Anderson has announced.

Anderson had warned the Championship club faced administration after an initial offer to repay BluMarble Capital Ltd was rejected.

But he issued a statement on Wednesday afternoon which read: "I am pleased to confirm that the loan from Blu Marble Capital Ltd has been repaid.

"I am also pleased to be able to confirm that the loans to both PBP (Michael James) and Brett Warburton have been extended on better terms for the club.

"I was also able to reschedule and reduce a number of other club liabilities which in all have reduced future costs and liabilities by circa £1.5million."

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Aston Villa set to receive 'significant investment'

Aston Villa are set to receive "significant investment", the Sky Bet Championship club have announced. Credit: PA

Aston Villa are set to receive "significant investment", the Sky Bet Championship club have announced.

Owner Tony Xia has been holding talks to relinquish control of the club to an Egyptian group, in what will be a co-ownership deal.

The Chinese businessman has spent the summer searching for fresh investment to plug a reported £40million deficit after Villa failed to win promotion back to the Premier League last season.

A statement issued by the club said: "Dr Tony Xia and Aston Villa Football Club announce that NSWE, a company that is jointly owned and controlled by businessman Nassef Sawiris' group NNS and businessman Wes Edens, will immediately inject significant investment capital into the club. At the same time, Dr Tony Xia will become co-chairman and remain on the board."

Swansea City part company with manager Carvalhal

Carlos Carvalhal was unable to preserve Swansea City's Premier League status. Credit: PA

Swansea have announced that they will not be extending the contract of manager Carlos Carvalhal.

The Swans were relegated from the Premier League on Sunday, the end of their seven-year stay in the top flight confirmed by a 2-1 home defeat to Stoke.

Carvalhal was appointed as Paul Clement's successor in December, just three days after leaving Sheffield Wednesday.

Carvalhal won five of his first nine league games as Swansea climbed to 13th place, but they were condemned to the Sky Bet Championship after picking up only three points from the last 27 on offer.

A statement posted on the club's official website read: "The Swans will start the search for a new boss after opting to make a change following their relegation from the Premier League.

"The club can also confirm first-team coaches Joao Mario and Bruno Lage have left the Liberty Stadium, along with match analysts Jhony Conceicao and Paulo Sampaio.

Swansea chairman Huw Jenkins added: "We'd like to put on record our thanks to Carlos for his enthusiasm, hard work and commitment since arriving at the club in December.

"Naturally, we are all disappointed with the club's relegation from the Premier League, and following discussions with Carlos, we felt it was in the best interests of both parties that we move in a new direction."

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Weather causes fixture havoc across the Football League

Four of Saturday's Sky Bet Championship matches have fallen victim to the weather. Credit: PA

Four of Saturday's Sky Bet Championship matches have fallen victim to the weather in a weekend sporting programme badly affected by snow as Premier League clubs monitor the situation.

The Championship clash between Ipswich and Hull, Barnsley's home game against Norwich and Cardiff's trip to Brentford were called off on Friday, adding to the postponement of Sheffield United v Burton a day earlier.

Seventeen matches across League One and League Two have also been postponed.

All seven Premier League clubs hosting matches on Saturday were hopeful of their fixtures going ahead, with Southampton confirming their intent to press ahead with their 3pm clash with Stoke.

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