Text  Larger | Smaller | Default

Sullivan's £25million Bolton loan

Filed: Friday, 12th July 2019
By: Staff Writer

Businessman Laurence Bassini has revealed how West Ham co-owner David Sullivan lent him £25million to aid his purchase of stricken League One club Bolton Wanderers.

In a week in which West Ham pulled out of a deal to sign Celta Vigo striker Maxi Gomez as the club were unwilling to pay the entire €44million fee in advance, it has been confirmed that Sullivan lent Bassini - who claims to be an old friend - the huge sum.

Embed from Getty Images

Bassini saw a previous attempt to purchase the Trotters collapse at the end of last season, which resulted in Wanderers being placed in administration. However the businessman plans to make a fresh bid - using the funds provided by Sullivan as capital.

"Dave Sullivan, who I’ve known since I was a child, called me and said: ‘Look Laurence, you’re going to need some help because you’re getting slaughtered out there,’" Bassini told TalkSport host Jim White.

"He then says, ‘I’m going to give you the money so you can go and do this. I’m going to give you £25million so you can sort yourself out’ – which he’s done.

Embed from Getty Images

"Me and David are doing quite a lot of property at the moment," he added. "The [Bolton] stadium needs a refurb, the [stadium's] hotel needs sorting and the training ground needs sorting.

"There are a lot of things that need sorting out, although David is not going to be involved with the club. He’ll help with the assets, as he’s helped me before with things and has been great."

Unsurprisingly perhaps the questionable timing of Bassini's revelation has led to many West Ham fans taking to social media in order to ask why Sullivan couldn't have directed the funds to his own club instead.

More reading: 'Got £25m to spare, boss?' The wacky world of David Sullivan

Related News

   arrow   How a billion comes and goes [18th Jul 2019]
   arrow   Sullivan's £25million Bolton loan [12th Jul 2019]
   arrow   New contract for Snodgrass [2nd Jul 2019]
   arrow   Carvalho back in favour? [14th Jun 2019]
   arrow   Axed: Carroll, Nasri, Adrian and Martinez to leave [29th May 2019]
   arrow   Relegated! West Ham's owners in bottom three [24th May 2019]
   arrow   Hammers target improved Premier League position [21st May 2019]
   arrow   In brief - Tuesday's news round-up [21st May 2019]
   arrow   On-loan defender returns - to glowing praise [10th Apr 2019]
   arrow   £4million development opens [2nd Apr 2019]

Your Comments

Please note that this section is for comments relating to the above news item only. Any off-topic or abusive posts will be removed. Posts including either links and/or foul language are automatically filtered and will not be published. To engage in further discussion on any of our news stories, visit the KUMB Forums.

Not a member of the KUMB Forums? You may register for free membership here.

comments powered by Disqus
News Image

On This Day ...

One Year Ago
In brief - Tuesday's news round-up
Get the very latest West Ham news in one place, with our new daily media ro...more
Three Years Ago
Pearce backs Noble for England
Former Hammer Stuart Pearce believes that Mark Noble could finally be set to win his first England c...more
Five Years Ago
Valencia a Hammer by next week
Enner Valencia's protracted transfer to West Ham United should be completed with seven days....more