Sullivan's ?25million Bolton loan

  • by Staff Writer
  • Friday, 12th July 2019

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 EUR44million fee in advance, it has been confirmed that Sullivan lent Bassini - who claims to be an old friend - the huge sum.

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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.

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"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

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