Bolton’s owner sees no alternative to putting club into administration

8 May 2019

Ken Anderson
Photo: Getty Images Bolton owner Ken Anderson is forced to take the club into administration, he writes on the club's website.

Ken Anderson is accusing Laurence Bassini of time-wasting behaviour. "I felt giving him (Bassini) the opportunity to complete the deal was worth the risk of delaying this process by a few days,” he says.

“I have been left with no alternative, as this course of action (taking the club into administration) will preserve the football club and all of its proud history,” Anderson says.

Kasper Kronenberg kk@offthepitch.com

While Bolton Wanderers’ winding-up petition has been adjourned for a fortnight (the High Court ruled on Wednesday), owner Ken Anderson writes on the club’s website that he is forced to take the club into administration as he sees no other solutions.

“…regrettably his (Bassini’s) continued time wasting and empty promises have caused a great deal of heartache and frustration for the staff and supporters alike and now leave the Eddie Davies Trust and I with little or no choice other than for one of us to place the businesses into administration, as any likelihood of finding any resolution (at) the High Court hearing (is) not possible,” owner of Bolton Wanderers, Ken Anderson, wrote in a statement on the club’s website.

“This has been a massive disappointment to me as I understand the serious implications administration will bring to the businesses. But I have been left with no alternative, as this course of action will preserve the football club and all of its proud history.”

Deeply sorry

Anderson accuses Laurence Bassini, the former Watford owner, of damaging the club with behaviour described by Anderson as “very misleading.”

In hindsight this has proved a mistake.

“Mr Bassini has failed to provide any adequate and acceptable proof of current and future funding to the EFL, the other secured creditors or me despite him keep telling the media, and anyone else that listens, that he has the ability to perform since early March when first discussions were held with him and his advisors,” Ken Anderson wrote and continued:

“His failure to perform has actually caused far greater hardship to the staff than would have occurred if he had not given undertakings he clearly cannot honour. For this I am deeply sorry and offer my apologies to the hard-working staff of both the football club and Whites Hotel.”

Anderson thinks that "…it is very disappointing that despite all of this he continues to make false accusations and promises, which are very misleading.”

Inaccurate outburst

Anderson also tries to explain why, despite being given numerous warnings, he entertained an approach from Bassini.

His continued inaccurate outbursts to anyone that waves a microphone at him have been both damaging and in the most wholly inaccurate.

“In hindsight this has proved a mistake. However, at the time the only alternative was to place the business into administration, I felt giving him the opportunity to complete the deal was worth the risk of delaying this process by a few days, which unfortunately became weeks. I really had no idea that the club, my family and myself would be dragged through the media in such tawdry manner, whilst Mr Bassini seems to show no regard for his own reputation. His continued inaccurate outbursts to anyone that waves a microphone at him have been both damaging and in the most wholly inaccurate,” Anderson writes on the club’s webpage.

Anderson also thanked the staff at Bolton Wanderers and Bolton Whites for all their hard work during his tenure as chairman and owner.