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." [You must be registered and logged in to see this link.]