Why a former bankrupt Watford owner is in position to buy Bolton Wanderers | David Conn

18 April 2019 08:19
Laurence Bassini claims to have £20m to keep Bolton afloat after the paucity of the Ken Anderson yearsOne of many sad elements in Bolton’s financial crisis and other current indignities is that for years they were supported by an owner most clubs would consider ideal. Eddie Davies, originally a Bolton lad, made a fortune marketing the heating elements in kettles and he brewed up £185.5m in loans to Wanderers before pulling the plug in November 2015.By then Bolton were falling to a hard landing without the parachute payments from their second stint in the Premier League between 2001 and 2012, with players to pay and making heavy losses. In September, just days before he died, aged 72, Davies made one last loan of £5m, to the current owner, Ken Anderson. Related: Bolton agree sale of club to former Watford owner Laurence Bassini Continue readingreadfullarticle

Source: TheGuardian