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Watford to be bought for £440,000

Covered EndCovered End
edited April 2011 in Other Football and Sports
A spokesman for investment bank Seymour Pierce has confirmed that businessman Laurence Bassini has agreed a deal to buy Watford.

Lord Ashcroft, former chairman Graham Simpson and his wife Yianna accepted Bassini's offer on Friday evening.

Seymour Pierce are acting on behalf of Mr Bassini and have told Sky Sports News that his offer, worth ₤440,000, has now become 'wholly unconditional'.

The offer to buy the club was not scheduled to close until 15th April but the deal agreed will put Bassini as a majority shareholder, along with knee surgeon Panos Thomas.

The agreement will see Bassini acquire at least 55.11% of the club through a newly formed company called Watford FC Limited

Comments

  • cafckevcafckev
    That seems a little too cheap to me. What is the balance of the club like??
  • smsm
    Add on the debt taken over and you'll get a better idea of the real price - Lord Cashcroft is no mug!
  • ken from bexleyken from bexley
    ₤440,000,...... Would hardly cover Elton John's monthly flower bill!
  • Super_hornsSuper_horns
    Fronted by a guy who has been bankrupted THREE times. and borrowing money against our debts.

    Going by the general reaction from our fans the feeling is actually very negative and people are worried about their intentions.
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