Bassini told Telegraph Sport he will become the new owner of the crisis club subject to English Football League approval.
"A deal has been concluded," he said.
LAURENCE Bassini claims to have agreed a deal to buy Ken Anderson's 94.5 per cent stake in Bolton Wanderers' parent company, Burnden Leisure Ltd.
The former Watford owner is expected to pay a nominal amount to Ken Anderson for the shares up front and has vowed to clear up the bills which have escalated in recent months.
Staff at the stadium have been told a deal will be done imminently – and though this is not the first time such a promise has been made, various media sources are now suggesting the 49-year-old businessman has now got the deal over the line.
Anderson, who is currently in the US, confirmed today he has ceased funding the club and is understood to have seriously considered placing the business into administration this week.
A solvent deal now appears to have been agreed, although there has been no official confirmation as yet from the University of Bolton Stadium.
A club statement said: "Bolton Wanderers Football Club are delighted to announce that a sale and purchase agreement has been signed which will see Ken Anderson's shareholding in Burnden Leisure Limited being sold to Mr Laurence Bassini.
Not sure if this is finally good news or not.
[You must be registered and logged in to see this link.] wrote: Not sure if this is finally good news or not.
Got to be better than the alternative surely?
At least there is some hope starting in League one without a twelve point deduction.
It's going to be an interesting close season.
This is fantastic news, I can't believe all the negativity.
We'll be in the PL in 3 years*.
* not if Parky is manager.
His record of success is quite startling. Again don't get the negativity .
Most business owners fail and commit corruption at least 4 or 5 times.
Well, I nearly choked on my fishless fingers. Progress at last.
Time for some new slippers?
Hard Hats in Bolton's colours already on sale in shop.
[You must be registered and logged in to see this link.] wrote: Time for some new slippers?
I intend to email Mr Bassini. The choice of slippers in the club shop is dismal. They only seem to sell mules, which aren't real slippers anyway.
I'm sure he'll see reason.
[You must be registered and logged in to see this link.] wrote: Hard Hats in Bolton's colours already on sale in shop.
Do they have BWFO on them?
There have been a lot of questions about whether or not he has backers or has acquired enough dosh to run a football club since his last bankruptcy, but if the debts are to be settled he must have some money. Whether or not it's enough to take us to the Prem in 3 years is another story - but I'd love to see his business plan. Maybe the hard hat is a clue?
Well all though we may be underwhelmed IF all the debts are cleared then surely this is better than what was on the table this morning.
[You must be registered and logged in to see this link.] wrote: Well all though we may be underwhelmed IF all the debts are cleared then surely this is better than what was on the table this morning.
It certainly seems to be - time will tell.
Wondering now if the claim that the former Blackburn Chairman is behind the bid is true? He had a decent record, and providing he's not a Rovers fan stepping in to finish us off once and for all, would lend some credibility to the ownership.
I'll settle for all debts cleared and a couple of years of stability. I would love Bassini's 3 year plan to come true but let's wait and see what happens next season first.
Also hoping they will publish the accounts early doors so we can have a gander at Anderson's tenure.
This taken from a supposed insider, nicked from WW.
He has backers, wealthy ones, and has also made a rather substantial amount with some property deals, one of which has only been finalised in the last few days, hence the recent delay in the sale of the club.
[You must be registered and logged in to see this link.] wrote: This taken from a supposed insider, nicked from WW.
It was inferred by Howard that it was Thai money - as per Leicester for instance.
Alleged that the money might not be whiter than white though.
Who knows, time will tell no doubt.
Fair play though to Smurf for being the first to call it and Nixon for persevering with his tale that the Bassini interest was genuine.
Fair play also to Howard for a great tale and getting far more right than wrong.
Also hoping that we soon see the accounts and there is an AGM. Love to hear where Mr Bassini is finding all these millions from.
God knows how this will end up.
Great new header image though.