By Coral Barry

Bolton have been sold to a consortium for just £7.5 million – and Twitter responded with jokes at the relatively low value of the club.

The struggling Championship club has been bought by a group headed by former Bolton striker Dean Holdsworth to prevent them going into administration.

It follows the High Court’s decision to grant Wanderers until 7 March to settle an unpaid tax and VAT bill.

Paperwork was signed on the takeover agreement, which is subject to Football League ratification, minutes before Monday’s winding-up hearing in London.

Twitter focused on the relatively cut-price valuation of the former Premier league side and made some interesting comparisons.

Manchester United flop Bebe, who cost the club a total of £11.4million in transfer fee and wages before he was sold in 2014, was one that raised a few laughs.

Some people even noticed that Bolton themselves have spent more on players than what they sold for today.

This final tweet has some solid advice for any interested Bolton buyers.