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Did Bassini turn down an offer which would have given him a £10m+ profit?

Discussion in 'Watford' started by North North Watford, Jul 8, 2011.

?

Well?

Poll closed Jul 15, 2011.
  1. Yes

    23.5%
  2. No

    76.5%
Multiple votes are allowed.
  1. North North Watford

    North North Watford Active Member

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    Apologies to those who are already struggling to keep pace with the number of threads,

    We've all read what was in the Wobby today, one way or the other. And it's all very encouraging. But there have been many false dawns in recent years, several of which promised considerably less than Bassini.

    Time will tell whether his promises going forward prove true. But what I want to know is whether people really believe that he turned down an offer that would have seen the bonds paid off, the money that Bassini has put into the club refunded, AND a profit in excess of £10m. I find that totally implausible, given that anyone could have obtained the club for £500k plus immediate repayment of the bonds a matter of months ago.
     
    #1
  2. Toby

    Toby GC's Life Coach

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    I brought this up earlier and I really don't believe it...

    It also seems like a strange thing to say followed by the fact he's invested £10M+ in the club already...
     
    #2
  3. oldfrenchhorn

    oldfrenchhorn Well-Known Member Forum Moderator

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    I am prepared to believe that he had an offer that was upped when he turned it down.

    I also find the figures mentioned unlikely. Maybe he got confused talking so much.
     
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  4. Yellowvoice

    Yellowvoice Member

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    Ha Ha Ha...........oh dear, when something looks too good then it IS too good. Can anyone from the club substantiate these claims from Baz. That left ear of mine just continuosly wraggles these days!!!
     
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  5. One_Lars_Melvang

    One_Lars_Melvang Member

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    The results of the poll thus far seem pretty categorical!
     
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  6. Elixir69

    Elixir69 Member

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    There are just too many implausible factors with Baz.

    From bankruptcy in 2007 after his car wash business failed, to bank rolling the new Watford FC with a £10m CASH investment.
    More cash to come for the pitch, the SW corner and the EAST STAND - me thinks that's another £10m.
    Yet Watford were unable to attract Rhoys Wiggins .....

    If something sounds too good to be true ....... it usually is. Without a doubt the proof is in the pudding, but can we afford to wait 12 months?
     
    #6

  7. oldfrenchhorn

    oldfrenchhorn Well-Known Member Forum Moderator

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    Are we accussing him of being an out and out liar, or someone who has given his ego a bit of a polish?
     
    #7
  8. babyhornetdan

    babyhornetdan Well-Known Member

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    There are two ways of looking at this,

    1) why would he lie about it in what is ment to be an open and honest relationship.
    2) he is covering for someone and all this is a lie.

    I know which i believe and i will continue to back the bloke untill such time as he gives me reason not to. He even went so far as to give the figures for how he has invested the money.

    But saying that, i have doubts about someone willing to pay 20mill for our club. I think he may have had offers but maybe not the exact amount.
     
    #8
  9. Roger68

    Roger68 Active Member

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    I found the interview by turns incredible, fantastic and worrying , and only "encouraging" with all sceptical faculties suspended. This particular claim (not supported by details and not cross-examined by the WO) was only a bit less incredible than the claim that he had invested £10m of his own (new) money into the club since takeover, and was paying down the bonds and has paid back the Ticketus advance from his own pocket. Still, as has been said elsewhere we now have a timetabled set of targets he has set for himself as owner against which he can be judged. Good if he achieves them ..... without bankrupting himself or the club in the attempt of course.
     
    #9
  10. HaslemereKev

    HaslemereKev Well-Known Member

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    Well, I voted yes because I'd rather trust the guy until he does something to lose that trust...as yet, he hasn't done anything to lose it. Everything else is just speculation!

    He's given a breakdown of costs so far, which no doubt has been partially financed by sales, but why should he tell us how he has funded everything? Maybe he has had a personal windfall (inheritance, lottery), but as long as he keeps to his word and Watford's debt doesn't grow, then who are we to question his financing of the club!!
     
    #10
  11. Roger68

    Roger68 Active Member

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    kev--you seem like a trusting sort of fellow--now as it happens I have a large amount of money in a bank account in Nigeria , which, due to a misunderstanding, the Nigerian authorities will not let me transfer to my account in the U.K. If you could just send me the number of your bank account in the UK and the password to your account, I can arrange for the money to be transferred to your account, then you can pass it on to me--I will of course pay you 10% of the total (which is about £10M ) for your trouble.Thank you very much.
     
    #11
  12. North North Watford

    North North Watford Active Member

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    I guess what I should have asked was whether he received a credible offer.

    There's nothing to stop me from emailing the club and offering £40m.
     
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  13. HaslemereKev

    HaslemereKev Well-Known Member

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    Haha I'm trusting, but I'm not stupid!

    I just don't see what he has to gain (although sure I will be told) what he has to gain by such big lies! If they are lies, then he will soon be found out and he will be screwed. Surely GT would know some of the ins and outs, and if he (and the rest of the board) don't think the guy is on the level, they would have resigned by now, forcing Bas' hand!
     
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  14. Elixir69

    Elixir69 Member

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    Roger, my details are winging their way to you right now as I have bought into your "project" hook, line and sinker ........ Do you think this makes me naive?
     
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  15. HaslemereKev

    HaslemereKev Well-Known Member

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    Well, if it turns out Bas never received any offer, that he hasn't really invested any of this £10m, the club goes goes to the wall and it was all lies, I will bow down to your superior kowledge and accept I am 'naive'.... Until then, I will back the owner, the chairman, and the rest of the board, believing they have the best interests in Watford <ok>

    Forgive me for believing in the best of people....
     
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  16. One_Lars_Melvang

    One_Lars_Melvang Member

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    Apparently I must 'spread some Reputation around before giving in to Roger68 again'.

    Shame, as I really felt that comment deserved some recognition. I'm glad to see that humour is alive and well on this board.
     
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  17. Norwayhornet

    Norwayhornet Well-Known Member

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    Its never gone away OLM , just takes the odd away day<laugh>
     
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  18. Roger68

    Roger68 Active Member

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    Elixir--no, not naive, but maybe like kev, possibly you are not such a good judge of character.

    Kev--you are right, it is hard to see a motive for outright porkies from Mr B, especially ones that could be refuted/qualified by fellow directors. (Assuming he reported these offers to buy the club to the other directors--could someone ask GT that?) But both the claim of serious , unsolicited offers to buy the club at this moment, plus the claim that he has invested £10M of his own new money in to the club since takeover, seem too incredible just to be taken at face value and on trust. There must be an element of spin here, to say the least, or perhaps "economy with the truth"?

    The trouble is, having started in secrecy, and still being evasive in some matters, Mr B has made it hard for us to know exactly what we can rely on in his latest statements. However, as I said before, if he can deliver the aspirations he set out in the interviews, on the timescale he promised, and without bankrupting himself or the club, then he will be the best owner since Elton John. Without anyone knowing how he did it.
     
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  19. Norwayhornet

    Norwayhornet Well-Known Member

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    Roger that last paragraph of your post sums it up perfectly! I would rep it if the system would let me!
     
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  20. HaslemereKev

    HaslemereKev Well-Known Member

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    Well, I suspect the £10m was never 'his', but then as the owner of the football club, techncally the Graham, Buckley and Young money and all other income, is.... and no doubt this is what he means, to a point.

    No one knows where his money has come from, it's all speculaion - but he has provided us where money has come from, so it must have come from somewhere!
     
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