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OFFICIAL - Laurence Bassini - New Owner

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1OFFICIAL - Laurence Bassini - New Owner Empty OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 14:37

Sluffy

Sluffy
Admin
Exclusive: Twice-bankrupt former Watford owner Laurence Bassini agrees deal to buy Bolton

Former Watford owner Laurence Bassini has announced he has agreed a deal to buy Bolton Wanderers.
Bassini told Telegraph Sport he will become the new owner of the crisis club subject to English Football League approval.
“A deal has been concluded,” he said.
More to follow...

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Last edited by Sluffy on Wed Apr 17 2019, 15:27; edited 1 time in total

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
I'd take a consortium of Robert Mugabe, Pol Pot, Baby Doc Duvalier and Jim Jones as long as it got us rid of Kenocchio so to get Bassini is a bonus  Very Happy

Sluffy

Sluffy
Admin
Laurence Bassini closes in on takeover at Bolton Wanderers

LAURENCE Bassini claims to have agreed a deal to buy Ken Anderson’s 94.5 per cent stake in Bolton Wanderers’ parent company, Burnden Leisure Ltd.

The former Watford owner is expected to pay a nominal amount to Ken Anderson for the shares up front and has vowed to clear up the bills which have escalated in recent months.

Staff at the stadium have been told a deal will be done imminently – and though this is not the first time such a promise has been made, various media sources are now suggesting the 49-year-old businessman has now got the deal over the line.

Anderson, who is currently in the US, confirmed today he has ceased funding the club and is understood to have seriously considered placing the business into administration this week.
A solvent deal now appears to have been agreed, although there has been no official confirmation as yet from the University of Bolton Stadium.

More to follow…

NOTE NOW UPDATED -

A club statement said: "Bolton Wanderers Football Club are delighted to announce that a sale and purchase agreement has been signed which will see Ken Anderson's shareholding in Burnden Leisure Limited being sold to Mr Laurence Bassini.
"This agreement will give Laurence Bassini full control of Burnden Leisure Limited and of course both Bolton Wanderers Football Club and Whites Hotel.
"The change of ownership requires approval by the English Football League before the deal can be finalised. The financial terms of the transaction will remain private and confidential between the parties.

"We are sure supporters will be very pleased to understand that as part of the transaction, all of the existing loans to the club will be settled in full and the associated charges removed, meaning the business will be debt free for the first time in many years."

Outgoing Chairman Ken Anderson said: "I am very pleased to hand over ownership of this great club to Laurence, I wish him and all of our supporters the very best for the future."

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Last edited by Sluffy on Wed Apr 17 2019, 15:48; edited 1 time in total

Cajunboy

Cajunboy
Andy Walker
Andy Walker
Not sure if this is finally good news or not.

MartinBWFC

MartinBWFC
Frank Worthington
Frank Worthington
[You must be registered and logged in to see this link.] wrote:Not sure if this is finally good news or not.
Got to be better than the alternative surely?

Cajunboy

Cajunboy
Andy Walker
Andy Walker
True.

At least there is some hope starting  in League one without a twelve point deduction.


It's going to be an interesting close season.



Last edited by Cajunboy on Wed Apr 17 2019, 15:18; edited 2 times in total

Natasha Whittam

Natasha Whittam
Nat Lofthouse
Nat Lofthouse
This is fantastic news, I can't believe all the negativity.

We'll be in the PL in 3 years*.

* not if Parky is manager.

MartinBWFC

MartinBWFC
Frank Worthington
Frank Worthington
Club confirmed it now.



Last edited by MartinBWFC on Wed Apr 17 2019, 15:28; edited 1 time in total

Sluffy

Sluffy
Admin
Official -

Bolton Wanderers Football Club are delighted to announce that a sale and purchase agreement has been signed which will see Ken Anderson's shareholding in Burnden Leisure Limited being sold to Mr Laurence Bassini.
This agreement will give Laurence Bassini full control of Burnden Leisure Limited and of course both Bolton Wanderers Football Club and Whites Hotel.
The change of ownership requires approval by the English Football League before the deal can be finalised. The financial terms of the transaction will remain private and confidential between the parties.
We are sure supporters will be very pleased to understand that as part of the transaction, all of the existing loans to the club will be settled in full and the associated charges removed, meaning the business will be debt free for the first time in many years.
Outgoing Chairman Ken Anderson said: "I am very pleased to hand over ownership of this great club to Laurence, I wish him and all of our supporters the very best for the future."
Prior to the ratification by the EFL, significant funds will be immediately be made available to the club enabling the payment of the outstanding wages to the players and coaching staff along with a number of the long term creditors.
Once completion has occurred, all the long terms debts to HMRC and suppliers will be settled.
Further comments including an interview with Mr Bassini will follow in due course.

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10OFFICIAL - Laurence Bassini - New Owner Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 15:27

Cajunboy

Cajunboy
Andy Walker
Andy Walker
:yeahright:



Last edited by Cajunboy on Wed Apr 17 2019, 15:33; edited 1 time in total

11OFFICIAL - Laurence Bassini - New Owner Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 15:32

Hipster_Nebula

Hipster_Nebula
Nat Lofthouse
Nat Lofthouse
His record of success is quite startling. Again don't get the negativity .

Most business owners fail and commit corruption at least 4 or 5 times.

12OFFICIAL - Laurence Bassini - New Owner Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 15:46

boltonbonce

boltonbonce
Nat Lofthouse
Nat Lofthouse
Well, I nearly choked on my fishless fingers. Progress at last.

13OFFICIAL - Laurence Bassini - New Owner Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 15:48

Cajunboy

Cajunboy
Andy Walker
Andy Walker
Time for some new slippers?

14OFFICIAL - Laurence Bassini - New Owner Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 15:50

Cajunboy

Cajunboy
Andy Walker
Andy Walker
Hard Hats in Bolton's colours already on sale in shop.

15OFFICIAL - Laurence Bassini - New Owner Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 15:50

Sluffy

Sluffy
Admin
In case people might have missed it, Iles Bolton News article has been up dated and this is probably the most interesting things he's added to it - 

"We are sure supporters will be very pleased to understand that as part of the transaction, all of the existing loans to the club will be settled in full and the associated charges removed, meaning the business will be debt free for the first time in many years."

16OFFICIAL - Laurence Bassini - New Owner Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 15:50

boltonbonce

boltonbonce
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:Time for some new slippers?
I intend to email Mr Bassini. The choice of slippers in the club shop is dismal. They only seem to sell mules, which aren't real slippers anyway.
I'm sure he'll see reason.

17OFFICIAL - Laurence Bassini - New Owner Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 15:51

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:Hard Hats in Bolton's colours already on sale in shop.

Do they have BWFO on them?

Very Happy

18OFFICIAL - Laurence Bassini - New Owner Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 15:51

Growler


Tony Kelly
Tony Kelly
In June 2014 Bassini was made bankrupt for the second time.The bankruptcy order was made after Bassini failed to pay the sum of £37,500

I hope he's become the front man for an Asian drug smuggling cartel or something

19OFFICIAL - Laurence Bassini - New Owner Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 16:07

wanderlust


Nat Lofthouse
Nat Lofthouse
There have been a lot of questions about whether or not he has backers or has acquired enough dosh to run a football club since his last bankruptcy, but if the debts are to be settled he must have some money. Whether or not it's enough to take us to the Prem in 3 years is another story - but I'd love to see his business plan. Maybe the hard hat is a clue?

20OFFICIAL - Laurence Bassini - New Owner Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 16:11

wessy

wessy
Andy Walker
Andy Walker
Well all though we may be underwhelmed IF all the debts are cleared then surely this is better than what was on the table this morning.

21OFFICIAL - Laurence Bassini - New Owner Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 16:19

wanderlust


Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:Well all though we may be underwhelmed IF all the debts are cleared then surely this is better than what was on the table this morning.
It certainly seems to be - time will tell. 
Wondering now if the claim that the former Blackburn Chairman is behind the bid is true? He had a decent record, and providing he's not a Rovers fan stepping in to finish us off once and for all, would lend some credibility to the ownership.

22OFFICIAL - Laurence Bassini - New Owner Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 16:19

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
I'll settle for all debts cleared and a couple of years of stability. I would love Bassini's 3 year plan to come true but let's wait and see what happens next season first.



Last edited by Norpig on Wed Apr 17 2019, 16:32; edited 1 time in total

23OFFICIAL - Laurence Bassini - New Owner Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 16:21

wanderlust


Nat Lofthouse
Nat Lofthouse
Also hoping they will publish the accounts early doors so we can have a gander at Anderson's tenure.

24OFFICIAL - Laurence Bassini - New Owner Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 17:58

MartinBWFC

MartinBWFC
Frank Worthington
Frank Worthington
This taken from a supposed insider, nicked from WW.

He has backers, wealthy ones, and has also made a rather substantial amount with some property deals, one of which has only been finalised in the last few days, hence the recent delay in the sale of the club.

25OFFICIAL - Laurence Bassini - New Owner Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 18:08

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:This taken from a supposed insider, nicked from WW.

He has backers, wealthy ones, and has also made a rather substantial amount with some property deals, one of which has only been finalised in the last few days, hence the recent delay in the sale of the club.

It was inferred by Howard that it was Thai money - as per Leicester for instance.

Alleged that the money might not be whiter than white though.

Who knows, time will tell no doubt.

Fair play though to Smurf for being the first to call it and Nixon for persevering with his tale that the Bassini interest was genuine.

Fair play also to Howard for a great tale and getting far more right than wrong.

26OFFICIAL - Laurence Bassini - New Owner Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 19:09

maconman


Mario Jardel
Mario Jardel
Also hoping that we soon see the accounts and there is an AGM. Love to hear where Mr Bassini is finding all these millions from.

27OFFICIAL - Laurence Bassini - New Owner Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 19:41

terenceanne

terenceanne
El Hadji Diouf
El Hadji Diouf
Parky will soon be sleeping with the fishes  Twisted Evil

28OFFICIAL - Laurence Bassini - New Owner Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 19:44

Sluffy

Sluffy
Admin
Jim Whites interview with Bassini -

Part 1


29OFFICIAL - Laurence Bassini - New Owner Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 19:48

Sluffy

Sluffy
Admin
Part 2

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30OFFICIAL - Laurence Bassini - New Owner Empty Re: OFFICIAL - Laurence Bassini - New Owner on Wed Apr 17 2019, 21:25

T.R.O.Y


Andy Walker
Andy Walker
God knows how this will end up.

Great new header image though.

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