He has bought the 94.5% stake in the club’s parent company Burnden Leisure ltd, previously owned by Ken Anderson.
According to the statement released by the club yesterday, Bassini has agreed to pay off all the club’s debts, including the outstanding wages owed to the playing and coaching staff.
"I think #BWFC is a great club."
"It just needs the right infrastructure."
"If we stay up, it will be a two-year plan to get them back into the Premier League."
— talkSPORT (@talkSPORT) April 5, 2019
Obviously, this all sounds brilliant.
However, due to Bassini’s track record of twice becoming bankrupt, as well as being banned from football for three years for financial misconduct while chairman of Watford, many Bolton supporters remain sceptical of the new owner, especially after the instability under Ken Anderson and warnings from Watford fans.
I believe the current predicament at #BWFC is best illustrated by a 15th century fable: “out of the frying pan into the fire”
— Will (@TheSincilBanker) April 17, 2019
How can Bassini get through a fit and proper persons test. He nearly put us out of business. Poor #bwfc
— Kay Dix (@Hornette1962) April 17, 2019
— Phil Stevenson (@onlyonestevo) April 17, 2019
However, several supporters still believe that Bassini deserves a fair chance to turn things around.
So here we go new owner fresh start! Honestly can’t see how it can get worse than it is now. Bassini looks bad on paper and has made mistakes in the past but I’m behind him until given reason not to be. #BWFC
— John McGinlay (@JohnMcGinlayJR) April 17, 2019
Bassini appears to be saying the right things, however actions speak louder than words. Until he messes up at my club, he will have my full backing! #BWFC just grateful to have a club at this moment in time! Even if we get relegated tomorrow, hope there’s a decent crowd!
— Emily C (@Emily_CC10) April 18, 2019
Got to give Bassini the benefit of the doubt now. Hope his 3 year plan works #bwfc
— Tom Jackson (@Tom__Jackson_) April 17, 2019
While there is obviously relief to see the back of Ken Anderson, a number of fans remain unconvinced for now.
That’s hardly surprising after spending the last few months not knowing whether Bolton Wanderers could survive their financial turmoil.
For now, it seems things can finally start to look up for Bolton.
However, many still fear that we could find ourselves in a similar position under Bassini in the years to come.
What do you make of the club’s new owner?