Gossip: Laurence Bassini edging closer to Bolton Wanderers takeover – Lion of Vienna Suite

Gossip: Laurence Bassini edging closer to Bolton Wanderers takeover - Lion of Vienna Suite

Laurence Bassini: Former Watford owner agrees deal to buy Bolton Wanderers

BOLTON Wanderers Supporters’ Trust chairman Terrence Rigby claims administration need not be “the end of the world” thanks to a shining example set by Portsmouth.

Fears are mounting that Wanderers will be put into the hands of a receiver “sooner rather than later” ahead of a return to the High Court on May 8 to fend off a winding-up order from HMRC.

Bassini told Telegraph Sport he will become the new owner of the crisis club subject to English Football League approval.

Hundreds of fans gathered in the Platinum Suite on Monday night to air their views in a meeting organised by the BWFCST.

Watford Former Watford owner Laurence Bassini has announced he has agreed a deal to buy Bolton Wanderers.

Former Watford owner Laurence Bassini says he has agreed a deal to buy Bolton Wanderers subject to approval from the English Football League.

“The reality is they were probably hoping it would go into administration and they would then acquire it for substantially less, albeit with a points deduction, but a significant saving on creditors.”

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

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

Earlier this month Bolton players staged a 48-hour strike after receiving their wages late for the second month in a row, while five defeats in six means they are almost certain to be relegated.

Bassini took over at Vicarage Road in 2011, but his time with the Hornets was short-lived, as he sold to the Pozzo family a year later.

His proposed takeover comes as full-time playing and non-playing staff have still not been paid their wages for March, almost three weeks after they were due.

It is the second month in a row that wages have been paid late, while the playing staff applied to the Professional Footballers Association for help.

The club have had a torrid season on and off the pitch and narrowly avoided administration in September before former owner Eddie Davies loaned the club £5m days before his death.

Bolton have twice appeared in the High Court over an unpaid tax bill, with the club being given an adjournment until 8 May in their latest appearance.

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