Businessman Laurence Bassini hails from the United Kingdom. Until June 2012, he served as Watford FC’s chairman. With an estimated value of £27 million, it was claimed that Laurence Bassini was considering acquiring Birmingham City FC in November 2021.
In June 2022, the press announced that he had swapped contracts to acquire a 30 percent share in Birmingham City as part of a phased agreement, which had been previously disclosed.
|Net Worth||$80 million|
It was on April 4, 1970, that Laurence Bassini (Bazini) was born in the United Kingdom. He hasn’t revealed anything about his family, not even his own name.
What is Laurence Bassini’s Net Worth?
Despite the second insolvency following his time at Watford, showbizcorner estimates Bassini’s net worth at $5 million (£4.1 million) as of 2022.
In 2019, Bassini attempted to acquire Bolton Wanderers for the first time after serving a three-year suspension from football and finding a way to raise some money.
The problem was that he had no proof of finances to show for it. Also in 2020, a takeover bid at Charlton Athletic ended in failure.
His £35 million acquisition of Birmingham City might potentially be finalized as soon as next week.
Few details regarding Bassini’s personal life or where he currently resides are known. Property assets are said to be the source of his fortune.
A career in business
The previous parent company of Watford Football Club, Watford Leisure PLC, was delisted from the London Stock Exchange and renamed Watford Leisure Limited on May 31, 2011, and Laurence Bassini purchased the club for £440,000.
The Fox at Ibstone near High Wycombe, Buckinghamshire went under in 2007, and Bassini was declared bankrupt before taking over at Watford. When Bassini went bankrupt and needed a “new start,” he changed his last name to Bassini.
As Watford chairman, he was scheduled to speak with supporters at the annual Fans Forum on November 8, 2011, but canceled last-minute owing to bad health. On November 22, 2011, he again abruptly canceled a local radio phone-in, this time citing “poor health.”
When Giampaolo Pozzo’s son, Gino Pozzo, bought Watford Football Club from Bassini in June 2012, it was just 13 months after Bassini purchased the club. Bassini owed Watford Football Club £1.5 million in ‘cash advances’ in November 2012, and it was stated that he would not be able to pay it back.
Bassini was found guilty of misconduct and dishonesty by an independent disciplinary committee in March 2013 concerning financial dealings on behalf of Watford and was banned for three years from involvement in any Football League position of responsibility.
His activities with the league and fellow directors were deemed “dishonest” by the commission, and he was judged to have “practiced concealment and deceit” when he did not reveal his secret forward finance arrangements to the league or the Watford board.
As a result of Watford’s loss to Crystal Palace in the 2013 Football League Championship play-off Final, Bassini wrote many SMS to the local newspaper The Watford Observer, expressing his satisfaction at the team’s failure to win. Watford Leisure Limited was put into insolvency by the High Court in July 2013.
Bassini was defeated by the Russo brothers in a High Court dispute in March 2014. Bassini allegedly owes the old Watford F.C. directors more than £3.5 million. he was sentenced to pay a total of £4,353,000, including interest and costs, for a total of £3.5 million. His behavior was characterized as “evasive” and as issuing “empty threats” during the trial.
To their credit, the court heard that Bassini had made multiple allegations of conspiracy against him without presenting any proof to back them up. He was under suspicion, for example, that the Russos, together with the Pozzos, still retained a stake in Watford F.C. and were planning an attack on him. Due to ‘feeling dizzy’ following a slip on High Court steps, Bassini departed the courtroom before the conclusion of the trial.
Laurence Bassini was declared bankrupt for the second time in June of that year. Upon Bassini’s failure to pay £37,500, a bankruptcy order was issued. Despite receiving over £1.5 million in cash advances from Watford throughout his tenure, Bassini claimed not to own any property during the trial.
F.C. Bolton Wanderers, Inc.
On April 17th, 2019, Laurence Bassini agreed to take over Bolton Wanderers in the EFL Championship. It was reported on May 7th that Bassini’s acquisition was “on the verge of collapse” because the English Football League had not received verification of cash from the company.
Bolton Wanderers’ sale to Football Ventures was blocked by a court injunction on August 8th, 2019. Football Ventures completed the sale of the club on August 28, 2019, despite his best efforts.
Crawley Town Football Club
Laurence Bassini has a temporary deal to purchase Charlton Athletic for £1.2 million in May 2020, according to reports. However, Roland Duchatelet, owner of The Valley and Charlton’s Training Ground, withdrew from the agreement on May 27.
It was discovered that he controlled the firm that owned Bolton Wanderers at the time, Inner Circle Investments after Ken Anderson had agreed to sell them to him. He then decided to pursue legal action against Bolton in an attempt to undo their acquisition and regain control of the club.
Birmingham City Football Club
With an estimated value of £27 million, it was claimed that Laurence Bassini was considering acquiring Birmingham City FC in November 2021. In June 2022, the press announced that he had swapped contracts to acquire a 30 percent share in Birmingham City as part of a phased agreement, which had been previously disclosed.
Laurence Bassini has a husband and a daughter. His wife is private and they have a family. In terms of height and weight, Bassini is an attractive 1.71m tall and has a well-balanced physique that complements his personality.