What does the Future Hold For Bolton After Bassini Takeover Talks Collapse?
For those who are still concerned over the future of Bolton Wanderers, the breakdown of talks with Laurence Bassini are another setback in the fast disappearing hopes of keeping the club alive.
The latest missive from the University of Bolton stadium has seen the club announce that Ken Anderson, the current owner of the club, will consult his advisers and consider the best course of action as a matter of urgency. They also claimed that Bassini had not taken up an offer to carry out due diligence in the club’s data room.
Whilst the interest of Bassini in purchasing the club brought about its own reservations, many believed that despite his poor track record at least his involvement might buy more valuable time for the club to get themselves in a better position.
Unfortunately, another nail has now been hammered into the BWFC coffin with the announcement that the EFL has awarded Brentford three points for the game that was postponed due to the players strike. The decision given is that safety could not be assured if the replay went ahead.
Not being able to fulfil the club’s fixtures is a serious breach of league rules and the club will now face disciplinary proceedings. The EFL said, “As a consequence, Bolton Wanderers is now deemed to be guilty of misconduct by the EFL which will result in disciplinary proceedings against the Club being taken at an appropriate time.”
“The decision to award the victory to Brentford is taken under Regulation 33.2 and is independent of the proceedings referred to above.”
Anyone with a long enough memory will recall that when Aldershot was in a similar situation in 1992, their expulsion from the league was swift and went largely unnoticed. However, Wanderers are a club with a much larger profile and other clubs who are walking the tightrope between financial stability and disaster will be monitoring the situation with interest.