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Post by rickyqpr on Apr 3, 2019 12:33:43 GMT
Their hearing has been adjourned until 8th May - after the season has finished. Owner Anderson told the court that a deal with a new owner was imminent- and that the new owner was present and had produced the necessary proof of funds The media identified Bassini present in court. He of Watford FC debacle fame. Frying Pans and fires come to mind. Will he pass the fit and proper test given his track record? www.watfordobserver.co.uk/sport/17537695.former-watford-owner-laurence-bassini-reportedly-in-bolton-wanderers-takeover-talks/Former Watford owner Laurence Bassini is in talks to takeover troubled Bolton Wanderers, according to reports. Both the Sun and the Telegraph are reporting the controversial businessman is in discussions to buy the Championship club from Ken Anderson. Wanderers have until Wednesday to pay their debts of face the prospect of liquidation over an unpaid £1.2 million tax bill. Club staff were told via email earlier this week that a takeover by a mystery buyer was agreed in principle and the deal could be completed by the weekend. Twice declared bankrupt, Bassini was banned from holding a position of authority with a Football League club for three years in March 2013 after a disciplinary commission found him guilty of financial misconduct. Bassini took over the Hornets in May 2011 but his short, and controversial tenure, was to end 13 months later when he sold the club to the Pozzo family.
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Post by Marc on Apr 3, 2019 12:40:18 GMT
It's absurd. How can anyone like him be allowed to own a football club???
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Post by rickyqpr on Apr 17, 2019 14:20:29 GMT
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Post by nomar on Apr 19, 2019 15:28:15 GMT
Going down this afternoon too.
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Post by rickyqpr on Apr 26, 2019 17:09:44 GMT
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Post by harr on Apr 26, 2019 21:52:19 GMT
Refuse to play and Game v Brentford now postponed.
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Post by rickyqpr on Apr 27, 2019 9:35:34 GMT
Bolton Wanderers: EFL says club must fulfil fixtures after Brentford game postponed Bolton Wanderers have been told that they must complete their two outstanding fixtures of the season by the English Football League. The EFL called off Saturday's match with Brentford after Bolton's players said they would not play until they received outstanding wages. Bolton have been told to rearrange that game "at the earliest opportunity". An EFL statement said the "ownership difficulties" at the relegated club "remain a significant concern". www.bbc.co.uk/sport/football/48077182
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Post by Marc on Apr 27, 2019 10:31:29 GMT
What a mess! Bolton will have to rearrange the Brentford match extremely quickly as all final matches have to kick off at he same time which is next Sunday. It's just as well that their last 2 games will have no bearing on promotion/relegation otherwise the whole debacle could have had more far reaching consequences.
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Post by rickyqpr on Apr 27, 2019 11:49:10 GMT
I only hope we do not end up in this sort of mess in a couple of seasons time. I can see many similarities between our situations in recent years.
I also wonder (without any hope) that the EFL may finally realise that their approach to FFP is going to send more smaller clubs in this direction, while the well off clubs get richer, or those who take a gamble, break the rules and get away with it (such as Wolves) will just carry on regardless.
It is such a pity that we were the first club to really try to beat or ignore the rules and end up being made an example of - or that we did not manage to stay up for a few seasons which would have made the EFL FFP of little significance.
What will be of interest is that the EFL have come out with their "Bolton must play the games" with no indication of what will happen if they do not. Will they hold the club responsible or maybe the players for effectively (and probably quite rightly) going on strike. What a mess And the current EFL solution is to allow Bassini to take over Bolton. I despair! As you say - there but for fortune............
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Post by Marc on May 1, 2019 12:32:25 GMT
Brentford game not being played this wee, nothing been said as far as the Forest game on Sunday is concerned. Absolutely crazy situation!
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Post by bowranger on May 1, 2019 12:52:31 GMT
Apparently the league helpfully suggested that they field a youth team instead! Because young players, on a lot less money, should break a players' strike? No wonder they said no!
As you say, situation is crazy. Hot on FFP but the league seemingly happy to sit and watch clubs be mismanaged into oblivion.
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Post by Marc on May 1, 2019 13:11:43 GMT
Apparently the league helpfully suggested that they field a youth team instead! Because young players, on a lot less money, should break a players' strike? No wonder they said no! As you say, situation is crazy. Hot on FFP but the league seemingly happy to sit and watch clubs be mismanaged into oblivion. Yep. As long as the money keeps rolling in to the "right" places, they couldn't give a shit what happens to clubs like Bolton. I said right back at the beginning of the Premier League that this sort of thing would happen. Football has been ruined by the big money men. This is why I rarely watch football these days. I will always follow QPR because they will always be in my heart. I'm off up to visit the in-laws in a couple of weeks and, for the 1st time in over 10 years, I've managed to time it for when Saints are playing at home. I booked tickets this morning and am super excited about it. Really don't think I could get this excited about football.
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Post by Marc on May 2, 2019 20:17:58 GMT
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Post by rickyqpr on May 3, 2019 9:37:53 GMT
BREAKING NEWS - What a mess!
Laurence Bassini tells Sky Sports News he is "now in control of Bolton Wanderers" despite Bolton statement last night saying his takeover had fallen through.
The championship Club released a statement last night saying they had ended all discussions with the former Watford Chairman and the proposed takeover was off. However, Bassini insists that he has a binding contract which proves he owns the football club pending approval by the EFL.
Mr. Bassini said: “I have taken control of the Club this morning and instructed staff not to make any further statements. I have served a ‘specific performance’ notice on Ken Anderson which means he has to give up the share certificates to the Company, the EFL have now seen proof of funds and my lawyers are dealing with that with the League”
“I have proof of funds and a watertight contract, Ken Anderson is not able to do what he is doing to this Club, and it has to stop. I will be attending the Nottingham Forest game on Sunday and I will put things right at Bolton Wanderers."
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Post by harr on May 3, 2019 10:52:05 GMT
The English Football League (EFL) has said it is "aware" of Laurence Bassini's comments that he is in full control of Bolton Wanderers, despite the club saying the takeover was off. Bassini told various news outlets on Friday he is now in control of the club and expected an announcement to follow. However, Bolton are yet to comment since Thursday's statement saying that Bassini's deal was off. Wanderers have already been relegated to League One. Meanwhile, defender Andrew Taylor - who is Bolton's Professional Footballers' Association representative - told BBC Radio 5 Live on Friday that players have still not been paid the wages they are owed for March and April. BBC Sport understands the PFA has agreed to loan the club money to cover some of the unpaid wages. Former Watford owner Bassini's intended purchase of the Championship club was originally announced on 17 April, but Bolton owner Ken Anderson released a statement on Saturday saying if Bassini did not provide proof of funds by Monday, he would explore other options. Bassini then committed to provide the EFL with proof of funds within 48 hours on Tuesday, but on Thursday the club issued a statement saying nothing further had been presented for the EFL Board to consider and that they considered his approach had come to an end. On Thursday the EFL confirmed that Wanderers' postponed home game against Brentford will now take place on Tuesday, 7 May - two days after the end of the regular Championship season. However, they said that if Wanderers are placed into administration they would "not insist" on the game - which had been scheduled for Saturday, 27 April - being played. The match was called off after Bolton's players had gone on strike over their outstanding wages. Sunday's game away at Nottingham Forest will go ahead, but the EFL urged supporters to wait until Friday before making travel arrangements for the Brentford game. The region's Safety Advisory Group (SAG) is due to meet on Friday to confirm fans will be allowed into the University of Bolton Stadium. www.bbc.co.uk/sport/football/48146128
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Post by harr on May 3, 2019 14:31:08 GMT
BOLTON V BRENTFORD cancelled next week and Bees given the three points. Lucky it wasn’t a game still had implications to positions.
What a shambles.
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Post by rickyqpr on May 3, 2019 20:02:07 GMT
It is truly dreadful for all Bolton supporters. The supporters of other clubs are looking on and realising that this so easily could have been their own club. We came so close to administration at QPR, but the situation at Bolton is dire. Bassini messed around playing games at Watford and he turned it into a soap opera. In Bolton he has found an ideal club for his messing around. They are far more desperate case than Watford ever were. I followed the Watford saga closely and so I was staggered when I first read of his involvement in another club. Bolton's current owner had other potential purchasers but was seduced by Bassini and all others fell by the wayside. Even today Bassini is insisting that he now owns Bolton. It is typical of him, claiming to be the hero of the hour but then his deeds not matching his words. The current owner has until Tuesday to find a way out, but that likelihood is that the club will enter administration on Tuesday. The club is already relegated, but will now face punishment for failing to complete their fixtures plus potentially a penalty for entering administration. I don't fancy the chances of finding a new owner over the next 3 days. If Bassini does take ownership, how long will they last under his control? Frankly, I think they are doomed and it is very sad.
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Post by rickyqpr on May 7, 2019 15:56:16 GMT
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Post by harr on May 8, 2019 12:18:13 GMT
Looks like they will have to start League One, minus 12 points or even more. Bolton and Notts County two really old clubs in a bit of a mess, sad to see....
Bassini will no doubt try and buy them again now, even cheaper. what happened to the fit and proper checks?
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Post by sharky on May 8, 2019 12:48:11 GMT
From the BBC www.bbc.com/sport/football/48199290Bolton Wanderers given 14 days by High Court to appoint administrator1 hour ago From the section Bolton Bolton Wanderers are set to go into administration after the club appeared in the High Court over a £1.2m unpaid tax bill. The case on Wednesday was adjourned until 22 May to allow the club enough time to appoint an administrator. Administration would result in Wanderers having a 12-point penalty imposed on them next season.The club will play in League One next season after they were relegated from the Championship this term. Former Watford owner Laurence Bassini had made a takeover bid, but Wanderers said on Thursday that the deal was off. Bassini, who had been given 48 hours to prove to the English Football League he had the funds to take over, later claimed he had control of the club, but it was reported on Monday that his bid was on the brink of collapse. Prospect of administration a 'massive disappointment'In a statement published while the club were awaiting their case to be heard in the High Court on Wednesday, owner Ken Anderson said administration was the only possible outcome following the collapse of Bassini's takeover bid. "This has been a massive disappointment to me as I understand the serious implications administration will bring to the businesses," he said. On Bassini's bid, Anderson added: "Regrettably his continued time wasting and empty promises have caused a great deal of heartache and frustration for the staff and supporters alike and now leave the Eddie Davies Trust and I with little or no choice other than for one of us to place the businesses into administration, as any likelihood of finding any resolution in the High Court hearing is not possible." It was the sixth time in the past 18 months that Bolton have faced a winding-up petition. Their latest case, originally brought by HM Revenue & Customs in February, has now been adjourned by the High Court on three occasions, with Wednesday's decision the latest in a string of off-field issues at the club this season. Players are still owed wages for March and April, while the club could face further sanctions from the English Football League after their final home match of the season against Brentford on 27 April was postponed when the playing staff went on strike. Meanwhile, Bolton Whites Hotel, which adjoins the University of Bolton Stadium and is owned by the club, also appeared in the High Court over a separate winding-up petition and was also given an adjournment until 22 May. AnalysisBBC Radio Manchester's Jack Ranson at the High Court, LondonJudge Clive Jones said it was "rather strange" that Bolton did not have a representative in the High Court. Nonetheless, the major creditors were petitioning for a short adjournment, in the hope that an administrator could be appointed in that time. Former owner Eddie Davies' trust fund, Fildraw, has served a notice with that intention and the club has been given until 22 May to see that it is done. Only once an administrator has been appointed will we be able to start thinking about who could be in the frame to rescue the club
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Post by surreychad on May 13, 2019 15:13:44 GMT
Just seen on BBC that administrators have been appointed. This really is a shame for a once established premiership club, I really do feel for the fans as I can't see any way back for them, they don't seem to have anyone trying to buy them apart from a clueless wannabe.
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Post by kenthoop on May 14, 2019 11:05:58 GMT
amd they start life in Div 1 with a 12 point deduction the EFL says and they still have to be in court on 22nd May for a winding up petition from Inland Revenue unpaid taxes etc
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Post by Ashdown_Ranger on May 14, 2019 12:07:31 GMT
They need a Lee Cook...
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Post by rickyqpr on May 14, 2019 12:25:53 GMT
It could mean that the league loses 2 of the 12 founder members in the same season. Notts County and Bolton Wanderers were part of the 1888/89 inaugural season of the Football League. The others were: Preston North End (Champions), Aston Villa, Wolverhampton Wanderers, Blackburn Rovers, West Bromich Albion, Everton, Burnley, Derby County and Stoke City...plus Accrington (who are they?) - a great Milk advert in it's day!. 3 of the teams in the Championship play-offs this year - although one of course has been renamed as Frank Lampard's Derby County.
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Post by rickyqpr on May 14, 2019 13:50:03 GMT
It could mean that the league loses 2 of the 12 founder members in the same season. Notts County and Bolton Wanderers were part of the 1888/89 inaugural season of the Football League. The others were: Preston North End (Champions), Aston Villa, Wolverhampton Wanderers, Blackburn Rovers, West Bromich Albion, Everton, Burnley, Derby County and Stoke City...plus Accrington (who are they?) - a great Milk advert in it's day!. 3 of the teams in the Championship play-offs this year - although one of course has been renamed as Frank Lampard's Derby County. BTW - I am aware that the Milk Advert was about 'Accrington Stanley' who are a completely different club to to the short lived Accrington F.C.
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Post by surreychad on May 14, 2019 18:12:41 GMT
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Post by Lonegunmen on May 15, 2019 3:18:49 GMT
Meanwhile, Man United's losers, earn enough in 1 week that would not just save Bolton but set them up for a season. Why can't Manure be in Bolton's position?
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Post by rickyqpr on Mar 6, 2020 15:02:02 GMT
This is still subject to EFL approval, but surely this will not be allowed to happen. Given his track record at Watford and Bolton, it would seem strange if he is now deemed to be a Fit and Proper person to own a football club. I will watch Oldham with interest...……….but I do not have a great deal of confidence in the EFL and even less in Bassini. BASSINI AGREES OLDHAM TAKEOVER Laurence Bassini has agreed a £6.2m deal to buy Oldham Athletic, subject to EFL approval. Abdallah Lemsagam has agreed to sell the club just over two years after taking control. Today he settled a £570,000 bill with the clubs former owners to avoid the League Two club going into administration. That figure was a back payment for rent on the Boundary Park stadium, as well as a debenture when he bought the club in 2018. SSN
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Post by surreychad on Mar 6, 2020 15:56:02 GMT
Poor Oldham
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Post by rickyqpr on Mar 6, 2020 20:03:26 GMT
BBC Reports states that the court was told that Basini is not the mew owner...………...does not say where the money came from to pay off the debt though. Oldham Athletic: League Two club agrees Boundary Park deal as administration case is adjourned Oldham have called Boundary Park home since 1904 Oldham Athletic have agreed a deal to buy Boundary Park as a court case, which could see the club go into administration, was adjourned. Friday's hearing at the Civil Justice Centre in Manchester related to a loan and unpaid rent owed to Brass Bank, who own the club's stadium. The adjournment comes after a "significant" sum of the debt was paid. The club and Brass Bank hope they can finalise the sale of the ground before the case resumes on 21 April. In a statement, Oldham said they had reached an "in-principle agreement" with Brass Bank to buy both Boundary Park and the surrounding land. They also said they hope to reopen the North Stand, which was closed by the local Safety Advisory Group in January, after completing safety improvements ordered by Oldham Council. "We know that this has been a very unsettling time for the fans and all associated with Oldham Athletic AFC," the club said. "We believe this to be the right deal for the future of the club and that it will, once complete, put us in a far stronger position to be able to deliver the experience, football and results we all desire." The Latics are 17th in League Two after 36 games, 19 points above the solitary relegation place in the division. However, the club would be subject to a 12-point deduction if they went into administration before 26 March, as set out in English Football League rules. Any insolvency event after that date would result in a points deduction being applied next season. The court also heard that Oldham have settled their tax debt with HM Revenue & Customs, who brought a winding-up petition against the club to be heard in the High Court on Wednesday, 18 March. A media report on Friday claiming that there was an agreement for the club to be sold to former Watford owner Laurence Bassini was labelled as false during the hearing. Analysis Both parties agreeing that administration was not the way forward will hopefully indicate a peaceful end to a long-running saga. Judge Eyre QC agreed that forcing administration would only bring further "complications and expense". EFL guidelines highlight when a 12-point deduction takes place, with such punishment being applicable to this season if carried out by 17:00 on the fourth Thursday of March - anything after would come in 2020-21. Judge Eyre QC said he would have considered administration on Friday if a 12-point deduction had made an "absolute difference" to the sole relegation space in League Two. With the Latics currently 19 points above the drop, this was decided not to be the case. Oldham, and the club's owner Abdallah Lemsagam, have six weeks to now pay the outstanding debt - a six-figure sum.
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