Is Laurence Bassini Takeover Birmingham City? Laurence Bassini is an English businessman who lives in London’s Stanmore district. He was the chairman of Watford FC from May 2011 to June 2012.
He is also noted for always donning a silly red builders helmet whenever he gave an interview to the local paper.
Furthermore, go through this article to know more about Laurence Bassini.
Who Is Laurence Bassini? Wiki And Bio
Laurence Bassini is an English businessman who lives in the Stanmore neighborhood of London. From May 2011 to June 2012, he served as the chairman of Watford FC.
Bassini takeover Watford Football Club on May 31, 2011, after the club’s previous parent company, Watford Leisure PLC, was delisted from the London Stock Exchange and renamed Watford Leisure Limited.
Bassini had been declared bankrupt in 2007 due to the demise of his firm, The Fox in Ibstone near High Wycombe, Buckinghamshire, which he blamed on his father.
For almost a year, Bassini was bankrupt, and during this time, he changed his name to Bassini to have a “new start.”
Bassini’s time at Watford was marred by accusations of financial mismanagement, culminating in the ‘Safegate’ incident before the club was sold in June 2012.
The High Court ordered Bassini’s company Watford Leisure Limited to be liquidated in July 2013, adding to his commercial failures. Bassini won a court order preventing the sale of Bolton Wanderers to Football Ventures on August 8, 2019.
However, his attempts were unsuccessful, with Football Ventures completing the deal on August 28, 2019. He was rumored to be interested in buying Birmingham City in November 2021.
Laurence Bassini Wife -Who Is He Married To
Laurence Bassini, around 52 years old, seems to be married but has not disclosed any related information. As he is busy and focused on settling his career and investments, he has not spoken yet about his life details to the public.
With time and opportunity, he may express his romantic relationship if he is involved in it.
Laurence Bassini Net Worth 2022
Laurence Bassini, a businessman by profession, seems to have amassed a lot even though he was listed as bankrupt twice.
On May 31, 2011, Bassini purchased Watford Football Club for £440,000. The $1.5 million Bassini owes to Watford Football Club for “cash advances” was declared in November 2012 as unlikely to be returned.
Former Watford FC board claimed that Bassini owed them more than £3.5 million. He was ordered to pay £3.5 million and £135,000 in total (plus £568,000 in interest and £150k in fees), for a total of £4,353,000.
Not only that, Bassini was declared bankrupt for the second time in June 2014 after failing to pay a £37,500 debt.
Besides receiving over £1.5 million in cash advances from Watford throughout his tenure, Bassini claimed not to own any property during the hearing.
In addition, He was said to be interested in buying Birmingham City for £27 million in November 2021.
Last Updated on June 13, 2022 by 247 News Around The World
