Moderators Casino Posted April 17, 2019 Moderators Share Posted April 17, 2019 Wait til he sells the ground.... Link to comment Share on other sites More sharing options...
Jol_BWFC Posted April 17, 2019 Share Posted April 17, 2019 1 hour ago, Casino said: BWFC have plenty saleable assets Any prospective owner knows this Expect to see land development, including the car parks, some commercial building and houses There's also maybe some land that the govt/council need to build a relief road Plenty opportunities to recoup the investment Think the hotel will be sold as well Well, if our man in the City is to be believed, Bassini knows how to make money from property deals. Link to comment Share on other sites More sharing options...
Breightmet Boy Posted April 17, 2019 Share Posted April 17, 2019 God there’s some drama queens on here. Here we go on our little trip what is being a Bolton Wanderers supporter, we live to fight another day, it may be bumpy, it may be good, but this is us and this is what we have to live. We are still here, buzzing myself 🙂 Link to comment Share on other sites More sharing options...
bwfcfan5 Posted April 17, 2019 Share Posted April 17, 2019 If he’s been interested as long as he says then he will know the score to an extent. I expect what he might mean is that he doesn’t know whether particular debts can be renegotiated on some new terms. I have to say something does not feel right about this. It feels like there could be a sting in the tail with the EFL throwing it out or Bassini putting a zero in the wrong box somewhere. But if he is here with some cash then it’s better than the alternative. Link to comment Share on other sites More sharing options...
Boothy Posted April 17, 2019 Share Posted April 17, 2019 45 minutes ago, barrycowdrill said: Ken walked in without knowing the specific debts. So I don’t see the issue yep they had an idea but alls we heard time and time again was he unearthed something else. Then something else would assume Bassini is talking along those lines.. he will have an idea of it being around X but will no doubt come across something else which makes it Y way I see it is, ‘all’ current known debts will be settled. If anything else appears then maybe 90/80 or even 75% will have ended up being sorted either way it’s better than where we are now You just wouldn’t buy a business on that basis. Not even in the wacky world of football. That is unless you have deep pockets and long arms and don’t care. There will be an underlying reason he has said that but I can’t believe he would purchase the Club and settle all “known” debts. Ken’s situation was, on the face of it, much more opportunistic and he didn’t have intentions of relieving the crux of the associated debt upon purchase. Link to comment Share on other sites More sharing options...
bwfcfan5 Posted April 17, 2019 Share Posted April 17, 2019 6 minutes ago, Boothy said: You just wouldn’t buy a business on that basis. Not even in the wacky world of football. That is unless you have deep pockets and long arms and don’t care. There will be an underlying reason he has said that but I can’t believe he would purchase the Club and settle all “known” debts. Ken’s situation was, on the face of it, much more opportunistic and he didn’t have intentions of relieving the crux of the associated debt upon purchase. Anderson was putting it into admin to sell to some of the football ventures lot. So suspect it was now or never for Bassini. Link to comment Share on other sites More sharing options...
Boothy Posted April 17, 2019 Share Posted April 17, 2019 2 hours ago, Mr Grey said: The classic argyle diamond design with matching socks, no Lonsdale shite Grey marl joggers a must Link to comment Share on other sites More sharing options...
Felgate Posted April 17, 2019 Share Posted April 17, 2019 Howard, Galt and others suggested that Due Diligence info can be shared/bought... Bassini may not personally have seen all of it (he may not even be capable of understanding it all even if he had) but expect others within his “team” have. As also suggested, he may have backers, but also not unsecured... backers/funds secured against club assets... the land, car park, etc that has been mentioned... He doesn’t look great on paper, but I’ll give him the benefit of the doubt. Opportunity to be a hero/saviour and erase his self confessed mistakes or continue down the road of red hat clownerie.... Link to comment Share on other sites More sharing options...
Guest Posted April 17, 2019 Share Posted April 17, 2019 8 minutes ago, Felgate said: Howard, Galt and others suggested that Due Diligence info can be shared/bought... Bassini may not personally have seen all of it (he may not even be capable of understanding it all even if he had) but expect others within his “team” have. As also suggested, he may have backers, but also not unsecured... backers/funds secured against club assets... the land, car park, etc that has been mentioned... He doesn’t look great on paper, but I’ll give him the benefit of the doubt. Opportunity to be a hero/saviour and erase his self confessed mistakes or continue down the road of red hat clownerie.... He certainly doesn’t look great on wiki! Another bumpy road? Willl he pass the EFL test? Link to comment Share on other sites More sharing options...
bwfc2003 Posted April 17, 2019 Share Posted April 17, 2019 Bonners late night tweet Laurence Bassini taking charge?! Please. It isn't happening. Anderson's on £45k a month as ce, would you give up it up? Link to comment Share on other sites More sharing options...
irvtheswerv Posted April 17, 2019 Share Posted April 17, 2019 14 minutes ago, bwfcfan5 said: Anderson was putting it into admin to sell to some of the football ventures lot. So suspect it was now or never for Bassini. Nah. Sick of saying it. We weren't going into administration as that would have cost someone £3 million to fund administration. Who was paying that then???????? No fucker was. If Ken had 3 million to burn he'd have paid the bills. It was a buyout or bust. Link to comment Share on other sites More sharing options...
Mantra Posted April 17, 2019 Share Posted April 17, 2019 22 minutes ago, bwfc2003 said: Bonners late night tweet Laurence Bassini taking charge?! Please. It isn't happening. Anderson's on £45k a month as ce, would you give up it up? How was a man like that in charge of a newspaper? Can barely type. Link to comment Share on other sites More sharing options...
Boothy Posted April 17, 2019 Share Posted April 17, 2019 1 minute ago, Mantra said: How was a man like that in charge of a newspaper? Can barely type. Have you tried typing when you're wankered? Link to comment Share on other sites More sharing options...
Wanderlust Posted April 17, 2019 Share Posted April 17, 2019 When Bassini was asked if he was really going to pay off all the debt and responded "we'll have to look at it as I haven't had the time to do the due diligence" it set off alarm bells but I'm not sure if he's stupid and loaded or just loaded. Or just stupid. I mean who wouldn't check out anything being sold by Anderson with a fine tooth comb? Can't wait to see what happens, especially if they publish the accounts early to baseline the purchase - and despite what Stuffy and Custard said, page 8 of the 2016 Burnden Leisure filed accounts shows us what Anderson inherited after becoming a Director in March 2016 and I suspect there's not much of it left for Bassini to buy into, so I'm skeptical but hopeful. However, maybe Howard is as good as his word and his consortium have backed him. Or at least someone has with an agreement to take the shares when they're ready. Did Bassini promise us Premiership in 3 years before Howard said that? If so, there must be other backers. I can't remember and can't be arsed to check the timeline. I just hope we can stop worrying about the stability of our club TBH - something that never crossed my mind in the previous 60 years since my first match at Burnden and I hope I don't have to deal with again in the time I've got left. Link to comment Share on other sites More sharing options...
jayjayoghani Posted April 18, 2019 Share Posted April 18, 2019 4 hours ago, frank_spencer said: If the club still own the land by the cop shop and the arena then I'd imagine some development on there would be money raiser number one. The footbridge across Burnden Way must be worth a fortune too. Link to comment Share on other sites More sharing options...
Krimzon Posted April 18, 2019 Share Posted April 18, 2019 4 hours ago, gonzo said: Hotel on Blackpool’s ground is up for sale at £9.4m JSL petre arms in ribble valley is up for sale @ 25 mill JSL Link to comment Share on other sites More sharing options...
Krimzon Posted April 18, 2019 Share Posted April 18, 2019 fuck me this thread is as good for my rage as reading the comments in the BEN . Do we have a club into next season ? yes or no . One fuckin question . just need one fuckin answer before i go postal ffs Link to comment Share on other sites More sharing options...
Ros Coe Posted April 18, 2019 Share Posted April 18, 2019 (edited) Here’s a post taken from The Wanderer by a Watford fan. I fear the worst. ”Ha ha.....yes.....I see you've heard the legendary safe key story. From what you say, there's no way he has £20m to invest in your club. When he was at Watford, it seemed that he was just a front man for someone else. He had a backer. Now his family seem to be well healed, but he himself, is the runt of the family in that respect. He talks the talk and he will promise you everything you want to hear, but it's all phoney I'm afraid. There's no substance to any of it. It became ludicrous in the end. No doubt he'll come out with statements that he made mistakes at Watford and lessons learned etc, but a leopard does not change its spots. As a Bolton fan, you will quite rightly hope he'll be decent and genuine and will give him the benefit of the doubt until proved otherwise. We had the same reservations but he was given every chance to prove himself, but it became clear very early on he was a chancer. I'm amazed he's got back in football. I'm amazed the EFL would ever sanction him. He was banned for 3 years because of his dishonestly. He was made bankrupt twice, and even changed his name from Bazini to Bassini to hide the fact he'd been bankrupt. When interviewed, he acted like a child, trying to make up stories about events, which even with the greatest deal of naivety, anyone could see through. He's referred to as the red helmet because our local paper, The Watford Observer, often used the same photo of him with a red builders hard hat. He got so annoyed that he threatened to sue the paper for using the same photo. So, of course, they used it even more. You'll get used to that. He threatens to sue everyone one. He threatened to sue SkySports News as well for another trivial event. Even the late Graham Taylor fell out with him, and called him a liar, for making up reasons for not attending a fans forum, which he did more than once. Of course, he threatened to sue GT as well. You can see a common theme here. I wish Bolton all the best, but this guy will take you into the mire. He's really bad news. A total fantasist who has delusions of grandeur. He wants a football club as a status symbol, so he can show his family he's not a total idiot. My only advice is, of there is a way to stop him from taking over, take it. He's hard to get rid of. Watford were in a real mess when he left and only avoided administration and a points deduction by the skin of their teeth. The Pozzo's settled all debts and paid the HMRC. Bassini hid a lot of dept from our new owners too, so they withheld a payment for the Red Lion pub, which was part of the settlement deal. Of course Bassini sued the Pozzo's and of course lost the case, as he always does.” Edited April 18, 2019 by Ros Coe Link to comment Share on other sites More sharing options...
radcliffe white Posted April 18, 2019 Share Posted April 18, 2019 What he does going forward is the main thing couldn’t give a Rats arse about his past Link to comment Share on other sites More sharing options...
ProfessorWoland Posted April 18, 2019 Share Posted April 18, 2019 24 minutes ago, Ros Coe said: Here’s a post taken from The Wanderer by a Watford fan. I fear the worst. ”Ha ha.....yes.....I see you've heard the legendary safe key story. From what you say, there's no way he has £20m to invest in your club. When he was at Watford, it seemed that he was just a front man for someone else. He had a backer. Now his family seem to be well healed, but he himself, is the runt of the family in that respect. He talks the talk and he will promise you everything you want to hear, but it's all phoney I'm afraid. There's no substance to any of it. It became ludicrous in the end. No doubt he'll come out with statements that he made mistakes at Watford and lessons learned etc, but a leopard does not change its spots. As a Bolton fan, you will quite rightly hope he'll be decent and genuine and will give him the benefit of the doubt until proved otherwise. We had the same reservations but he was given every chance to prove himself, but it became clear very early on he was a chancer. I'm amazed he's got back in football. I'm amazed the EFL would ever sanction him. He was banned for 3 years because of his dishonestly. He was made bankrupt twice, and even changed his name from Bazini to Bassini to hide the fact he'd been bankrupt. When interviewed, he acted like a child, trying to make up stories about events, which even with the greatest deal of naivety, anyone could see through. He's referred to as the red helmet because our local paper, The Watford Observer, often used the same photo of him with a red builders hard hat. He got so annoyed that he threatened to sue the paper for using the same photo. So, of course, they used it even more. You'll get used to that. He threatens to sue everyone one. He threatened to sue SkySports News as well for another trivial event. Even the late Graham Taylor fell out with him, and called him a liar, for making up reasons for not attending a fans forum, which he did more than once. Of course, he threatened to sue GT as well. You can see a common theme here. I wish Bolton all the best, but this guy will take you into the mire. He's really bad news. A total fantasist who has delusions of grandeur. He wants a football club as a status symbol, so he can show his family he's not a total idiot. My only advice is, of there is a way to stop him from taking over, take it. He's hard to get rid of. Watford were in a real mess when he left and only avoided administration and a points deduction by the skin of their teeth. The Pozzo's settled all debts and paid the HMRC. Bassini hid a lot of dept from our new owners too, so they withheld a payment for the Red Lion pub, which was part of the settlement deal. Of course Bassini sued the Pozzo's and of course lost the case, as he always does.” Sadly we're between the devil and the deep blue sea and so any port in a storm etc. If he's a front for someone else then at least we can hope they're loaded. I don't like to think of the reasons why someone would choose this individual, who on past performance may be in the global top 5 of the people you don't want near your club as their public face. The alternative may be worse still, he's not a front for anyone and he's here to loot whatever value is left in the land assets. Of course there's a third option. He's a genius at making money from the land market and he's also a massive football fan who has decided to pour all his money into a club he has no prior connection or affinity with. Link to comment Share on other sites More sharing options...
barrycowdrill Posted April 18, 2019 Share Posted April 18, 2019 31 minutes ago, Ros Coe said: Bolton were in a real mess when he left and only avoided administration and a points deduction by the skin of their teeth. Bassini settled all debts and paid the HMRC. Anderson hid a lot of dept from our new owners too Just amended a few words of the last paragraph to bring it up to date to our situation.. i cant wait personally until he sues Iles Link to comment Share on other sites More sharing options...
hughmungus Posted April 18, 2019 Share Posted April 18, 2019 Bassini isn’t the answer we wanted, or needed. He is a snake oil salesman who has used the system and our dire situation to get himself a club. We are safe for now but I suspect we will be in the same situation this time next year. By allowing this Anderson has cut and run, he never cared about the club. The problems haven’t gone away but simply changed direction. Link to comment Share on other sites More sharing options...
barrycowdrill Posted April 18, 2019 Share Posted April 18, 2019 2 minutes ago, hughmungus said: Bassini isn’t the answer we wanted, or needed. He is a snake oil salesman who has used the system and our dire situation to get himself a club. We are safe for now but I suspect we will be in the same situation this time next year. By allowing this Anderson has cut and run, he never cared about the club. The problems haven’t gone away but simply changed direction. I predicted this many months ago and reiterated it since andersons rhetoric during his first 12-18 months was - I will also do what was in the best interests of the club. Hence the reason why he claimed he’d rejected numerous tyre kickers after that period, the fans turned on him. He slowly but surely backed away and stopped the very minimal financial support he was providing and wanted to sell to anyone. So the best interests of the club went out of the window the majority of idiots now being negative about Bassini were also the ones who slung shit at Anderson. Campaigned for him to go, marched round the fucking stadium now this could be a fantastic journey or a fucking train crash but the fans above may now start to reap what they sowed and the rest of us just have to go along with the ride Link to comment Share on other sites More sharing options...
Site Supporter Ratwhite Posted April 18, 2019 Site Supporter Share Posted April 18, 2019 Has he been on the pitch with a scarf and his hard hat on yet? Link to comment Share on other sites More sharing options...
deane koontz Posted April 18, 2019 Share Posted April 18, 2019 20 minutes ago, hughmungus said: Bassini isn’t the answer we wanted, or needed. He is a snake oil salesman who has used the system and our dire situation to get himself a club. We are safe for now but I suspect we will be in the same situation this time next year. By allowing this Anderson has cut and run, he never cared about the club. The problems haven’t gone away but simply changed direction. I was thinking the same. Hope I'm wrong. But it's difficult to turn a blind eye to what an absolute bloon he comes across. Link to comment Share on other sites More sharing options...
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