Sale of crisis-club Bolton given green light after High Court ruling blocking takeover is adjourned – The Sun
BOLTON WANDERERS have edged closer to their takeover after a court order blocking it was adjourned.
Rival bidder Laurence Bassini launched the action to prevent Football Ventures buying the club.
However, the High Court today adjourned the case until September, and amended it so it is now just between Bassini and Inner Circle Investments.
That is the company owned by former Wanderers chief Ken Anderson.
Anderson was accused of trying to ‘extort £5 million’ from takeover bidder Bassini in court today.
Bassini is claiming that Anderson sold him the troubled club and threatened to liquidate it if he did not get the extra money.
The injunction case was adjourned until September 2 by Justice Eyre QC because of new evidence provided by the Football League and the administrators for the sale of the club.
BASSINI'S BAD FEELING
The Football League sent a letter from lawyer Nick Craig that said Bassini had not been given approval to take control of Bolton.
However Bassini produced texts between him and previous chief executive Shaun Harvey that state he did get the go ahead.
The bad feelings between Anderson and Bassini poured out in court where several Wanderers fans packed out Room 43.
Bassini alleged that he had a deal with Anderson for the club and hotel but he ‘moved the goalposts when he tried to extort an extra £5 million.’
Anderson also threatened to put the club out of business if he did not get the money. A text exchange between the pair read:
From Anderson: “If you don’t give me £5 million I will put the club into liquidation.” Bassini’s reply was: “F*** off, I will report you.”
THREAT OF LIQUIDATION
Bassini also alleged he was told by administrator’s ‘fixer’ Keith Cousins that he should pay £1million to ‘go a long way to secure the club.’
The former Watford owner claimed that he had funds in place to pay the wages but did not want to pay Cousins the six figure sum.
Bassini claimed originally to have money coming from a building project in Edgware.
During the talks he also produced a letter from West Ham owner David Sullivan who was willing to give him a £12.5 million loan to finance the takeover.
Anderson’s former advisor Paul Aldridge claimed that Bassini did not even pay over £1 for the shares as promised.
Anderson’s lawyer said: “He’s produced an email and not a witness statement. If he had paid over a pound the one thing you would expect was a receipt.”
The defence team also knocked the text exchange with Harvey and said: “It is frankly risible that anyone could put that forward.
"The EFL letter does not make good reading for Mr Bassini. He can’t get his head round that he is unable to complete that contract because he didn’t have EFL permission.
“To suggest a text message amount to approval gives him no credit whatsoever.”
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