Bolton Wanderers have confirmed that Laurence Bassini has agreed to withdraw his bid for the club in a statement released on the club’s website this evening.
Laurence Bassini was due to meet with EFL official this evening to provide his funding plan for Wanderers but the club’s statement would suggest that this meeting didn’t take place.
The statement reads: “Following the request from Mr Bassini to allow him a further 48 hours to complete his funding package and present this to the EFL, we can now confirm that no subsequent meeting took place and nothing further has been presented for the board of the EFL to consider.
“Given the urgency of the situation, which has been expressed to Mr Bassini, we now consider his approach for the club at an end and no further discussions will be entered into on the matter with him.”
Was this always inevitable?
The news comes as little surprise to Wanderers fans who’ve come to expect the worse during what has been a torrid season.
From the word go, there was always plenty of scepticism surrounding Bassini and his proposed takeover of the club, not least claims he made about getting Bolton back into the Premier League. Sadly, fears have been proven true as the deal that Bassini claimed would ‘save Bolton Wanderers’ has in fact fallen through.
As a result of this announcement, the chances of Bolton Wanderers entering into administration has increased drastically.
While this is obviously a huge shame, it has been looking ever more likely all season. The only hope Wanderers fans have is that potential buyers who were previously interested in Bolton could well return to pick up the club for a much smaller fee.
Of course, the possibility of administration brings with it the very real threat of the club being deducted 12 points from next season’s tally before a ball is even kicked.
It’s never an easy time to be a Bolton fan, is it?