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Thread: Bolton apparently saved......

  1. #1
    Join Date
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    Bolton apparently saved......

    Latest on Bolton Wanderers....

    Former Watford owner Laurence Bassini says Bolton Wanderers have been saved from administration "at the 11th hour" after he agreed a deal to buy the club.

    The takeover, which remains subject to English Football League approval, was confirmed by the club on Wednesday.

    The agreement will also give Bassini full control of the hotel at the University of Bolton Stadium.

    "The priority was to save the club from going into administration," Bassini told BBC Radio Manchester.

    "Now we have to look to restructure and move the club back up to where it belongs.

    "We worked very, very hard to get the deal done. It was very close, to going to administration this morning. At the 11th hour, we did it, going through the night."

    Wanderers, whose players have still not been paid their March wages, could be relegated to League One on Friday.

    Bassini also confirmed that existing owner Ken Anderson's involvement in the club will end once the purchase is formally ratified by the EFL.

    "Significant funds" will be made available to pay outstanding wages and long-term creditors, a Bolton statement said earlier on Wednesday.

    In 2013, Bassini was given a three-year ban from being involved in a position of authority with any EFL club.

    How can they ratify his clearance in football looking at his previous ban from football? It will get passed though so Bolton don't go under such be the powers in football.

  2. #2
    Simply escaping from one big bucket of sh@t only to fall straight into another one. We've been there, although I don't think we've been run by such shady folk as Bolton, Anton Johnson aside.
    I would be seriously concerned if someone like that took over our club.

  3. #3
    Yep frying pan to fire with the help from those supposedly looking after the best interests of football.

    Laughable

  4. #4
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    Weird how this almost always happens to football clubs but not other businesses.

  5. #5
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    Quote Originally Posted by Hazza Has A Gazza View Post
    Simply escaping from one big bucket of sh@t only to fall straight into another one. We've been there, although I don't think we've been run by such shady folk as Bolton, Anton Johnson aside.
    I would be seriously concerned if someone like that took over our club.
    Had a close call with the Earth finance wide-boys!

  6. #6
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    Quote Originally Posted by loyalmiller View Post
    Had a close call with the Earth finance wide-boys!
    Are you suggesting that Gazza as our manager might not have been a good idea? How did their financing company work out?

  7. #7
    Quote Originally Posted by loyalmiller View Post
    Had a close call with the Earth finance wide-boys!
    Not many! The club would have been renamed 'Earth United', playing at the Earth Arena (Millmoor!) and managed by the "dream ticket" Bryan Robson and Gazza! It could have worked!...

  8. #8
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    Quote Originally Posted by Grist_To_The_Mill View Post
    Yep frying pan to fire with the help from those supposedly looking after the best interests of football.

    Laughable
    Assuming this is the only deal on the table and the FA block this,guy, the club will fold.

    Why does football attract people like Bassini? Remember Darren Brown at Chesterfield.

  9. #9
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    Reading this about Bassini....

    https://en.m.wikipedia.org/wiki/Laurence_Bassini

    Should not be anywhere near football. Why has the current owner (or is it the liquidator) entertained him. Places the league in an impossible position.

  10. #10
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    Quote Originally Posted by WanChaiMiller View Post
    Reading this about Bassini....

    https://en.m.wikipedia.org/wiki/Laurence_Bassini

    Should not be anywhere near football. Why has the current owner (or is it the liquidator) entertained him. Places the league in an impossible position.
    I would really like to see what criteria the FL use to determine 'fit and proper' when assessing potential club owners because many of them are 'fit and proper' but I'd rather not say what for!

  11. #11
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    I really hope that they get through whatever they need to and stay alive, take any punishment given on the chin and go forward in a profesional manner for the sake of the fans!

  12. #12
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    Quote Originally Posted by frogmiller View Post
    I really hope that they get through whatever they need to and stay alive, take any punishment given on the chin and go forward in a profesional manner for the sake of the fans!
    Frog, they shouldn't worry. IF it all goes tits up and pear shaped then the EFL are there to catch them in their safety net!

  13. #13
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    The EFL will rubber-stamp it and he will pass the " fit & proper persons test ". His ban has been served & he has no criminal convictions.
    Good luck to the Bolton fans, apparently Bassini is sat on 20m so at least the players will get paid.
    His saving grace could be the Hotel on the land, that could well be making a profit, something to work with.

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