Laurence Bassini claims Russo brothers £3.5m 'loan' was for half the shares in Watford FC's parent company

Watford Observer: Picture: Pippa Douglas Picture: Pippa Douglas

A payment of £3.5m from the Russo brothers to Laurence Bassini just before he become owner of Watford FC was for half the shares in the club’s former parent company, according to the Stanmore businessman.

Bassini also said Valley Grown Salads (VGS), which is owned by former Watford directors Jimmy and Vince Russo, made a “bridging loan” to the football club of almost £1m, with the brothers due to receive proceeds from a player sale.

VGS has secured a freezing injunction against Bassini to stop him from disposing of his assets after claiming the ex-Watford owner had not repaid three loans worth £4.6m.

In court documents the Watford Observer secured this week, Jimmy Russo stated VGS agreed to pay Bassini an initial £3.5m as part of a written loan agreement dated February 2. 2011.

However, in his defence, Bassini has accepted a payment was made but has denied it was in the form of a loan.

He claims the sum was for half of his shareholding in Watford FC Limited, which is the company Bassini set up to buy the Vicarage Road Championship club in early 2011.

Bassini has also rejected “in its entirety” VGS’s claim the company transferred the money on February 2, 2011 as part of a loan agreement.

The Stanmore businessman said the sum was transferred to another company, Barrea LLP, and then from there to its “client account in accordance with the arrangement described” (for half of Watford FC Limited’s shares).

The Russos said the loan agreement stated a “note” needed to be given to VGS by Bassini on the loan date (February 2, 2011) as evidence, however they say this was not delivered.

Bassini has agreed the ‘note’ was not provided but has stated “there was never any intention between the parties that the claimant (VGS) was making a loan to the defendant (Bassini)”.

There were two further payments of £135,000 on May 20, 2011 and £959,500 on February 24, 2012. VGS claims the money was provided on the same terms as the initial agreement in February 2011.

However, Bassini has stated the £135,000 figure was in “return of the monies paid by the defendant for the shares held by VGS in Watford Leisure PLC (one of the Hornets’ parent companies) and was in no way associated with the agreement on February 2, 2011”.

The former Watford owner also denied the £959,500 paid was a loan or came under the terms of the 2011 agreement.

Bassini’s defence document states: “This money represented a bridging loan between the claimant and Watford Association Football Club Limited wherein the claimant was due to receive payment from the net proceeds of the sale of a player.

“As such this money was never paid to the defendant. It was paid by the claimant to Watford Association Football Club Limited.”

The Russos said the loan agreement did not state when the money needed to be repaid and that the three sums would be repayable without notice.

Watford Observer: Jimmy Russo in talks with Lord Ashcroft to find cash injection for Watford. Picture: Action Images

Picture: Malcolm Armstrong

However, Bassini’s defence insisted there were no loans between VGS and the Stanmore businessman so no loan provisions existed.

VGS said the loans were initially interest free but it was agreed in April 2012 that Bassini would pay interest of five per cent a year from the date the three loans were made.

Bassini reiterated the monies were not loans but investment in Watford FC Limited.

The former owner confirmed the Russos did send three separate letters demanding immediate repayment of the loans and interest they claimed was owed on May 15, 2012 but stated the money had not been paid because he insisted it was not a loan.

VGS has claimed Bassini owes the salad company £243,434 in interest that had been accrued on the loans up until May 15, 2012 and the former owner was accruing a daily rate of £662.73. Bassini has rejected this in full.

The Russos have said they will claim an interest rate, and for a period of time the court sees fit either “further or alternatively”, to the interest already accrued.

VGS is also claiming costs and further or other relief.

The interim order freezing Bassini’s assets was made on December 14 at the Queens Bench Division of the High Court of Justice ahead of a court hearing that is expected to take place later this month.

- In a statement sent to the Watford Observer yesterday (Thursday) afternoon, Bassini’s solicitors said he would be “vigorously defending” the claims made by VGS and will shortly be making an application to discharge the freezing order.

Comments (85)

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8:28am Fri 11 Jan 13

inayellowshirt says...

Russo's were fools to give him the money, but I hope they take him for everything he has got.

From this story I guess that Bassini lied to the fans when asked if Russo's were involved, and if lying comes that easily to him then who could believe anything that comes from his lips?
Russo's were fools to give him the money, but I hope they take him for everything he has got. From this story I guess that Bassini lied to the fans when asked if Russo's were involved, and if lying comes that easily to him then who could believe anything that comes from his lips? inayellowshirt

9:03am Fri 11 Jan 13

Play-Off Pete says...

"VGS has secured a freezing injunction against Bassini to stop him from disposing of his assets ..."

Bassini has assets???
"VGS has secured a freezing injunction against Bassini to stop him from disposing of his assets ..." Bassini has assets??? Play-Off Pete

9:27am Fri 11 Jan 13

Lloydinio says...

Play-Off Pete wrote:
"VGS has secured a freezing injunction against Bassini to stop him from disposing of his assets ..."

Bassini has assets???
lol, but can someone translate this so a student can understand
[quote][p][bold]Play-Off Pete[/bold] wrote: "VGS has secured a freezing injunction against Bassini to stop him from disposing of his assets ..." Bassini has assets???[/p][/quote]lol, but can someone translate this so a student can understand Lloydinio

9:33am Fri 11 Jan 13

Bush Hornet says...

Lloydinio wrote:
Play-Off Pete wrote:
"VGS has secured a freezing injunction against Bassini to stop him from disposing of his assets ..."

Bassini has assets???
lol, but can someone translate this so a student can understand
Basically, you shouldn't freeze lettuce, cucumber or any other salad stuff. You end up with mush. Hope that helps
[quote][p][bold]Lloydinio[/bold] wrote: [quote][p][bold]Play-Off Pete[/bold] wrote: "VGS has secured a freezing injunction against Bassini to stop him from disposing of his assets ..." Bassini has assets???[/p][/quote]lol, but can someone translate this so a student can understand[/p][/quote]Basically, you shouldn't freeze lettuce, cucumber or any other salad stuff. You end up with mush. Hope that helps Bush Hornet

9:44am Fri 11 Jan 13

Watfordengineer says...

has Bass paid back the loans but with no interest? is that the issue?
i.e. he claims they were steaks in the firm and VGS thinks they were loans and thats the money they are after?
has Bass paid back the loans but with no interest? is that the issue? i.e. he claims they were steaks in the firm and VGS thinks they were loans and thats the money they are after? Watfordengineer

9:44am Fri 11 Jan 13

JohnnyHornet says...

Play-Off Pete wrote:
"VGS has secured a freezing injunction against Bassini to stop him from disposing of his assets ..."

Bassini has assets???
Yes, in all probability money that should have come to WFC.
[quote][p][bold]Play-Off Pete[/bold] wrote: "VGS has secured a freezing injunction against Bassini to stop him from disposing of his assets ..." Bassini has assets???[/p][/quote]Yes, in all probability money that should have come to WFC. JohnnyHornet

9:47am Fri 11 Jan 13

Bush Hornet says...

Watfordengineer wrote:
has Bass paid back the loans but with no interest? is that the issue?
i.e. he claims they were steaks in the firm and VGS thinks they were loans and thats the money they are after?
Steaks and salad? It's a bold claim
[quote][p][bold]Watfordengineer[/bold] wrote: has Bass paid back the loans but with no interest? is that the issue? i.e. he claims they were steaks in the firm and VGS thinks they were loans and thats the money they are after?[/p][/quote]Steaks and salad? It's a bold claim Bush Hornet

10:10am Fri 11 Jan 13

Boxhorn says...

Bush Hornet wrote:
Watfordengineer wrote: has Bass paid back the loans but with no interest? is that the issue? i.e. he claims they were steaks in the firm and VGS thinks they were loans and thats the money they are after?
Steaks and salad? It's a bold claim
blast, beat me to it!!
[quote][p][bold]Bush Hornet[/bold] wrote: [quote][p][bold]Watfordengineer[/bold] wrote: has Bass paid back the loans but with no interest? is that the issue? i.e. he claims they were steaks in the firm and VGS thinks they were loans and thats the money they are after?[/p][/quote]Steaks and salad? It's a bold claim[/p][/quote]blast, beat me to it!! Boxhorn

10:31am Fri 11 Jan 13

Holly68 says...

So if the £4.6M is proved to be a LOAN to Bassini in court he will be summonsed to pay the LOAN back to Russo's

HOWEVER if Bassini proves it wasn't a loan but the money was for 50% of the company that owned the Club, ie. meaning the Russo's own 50% of the club, how does that leave things if he court decides this way ....

?????
So if the £4.6M is proved to be a LOAN to Bassini in court he will be summonsed to pay the LOAN back to Russo's HOWEVER if Bassini proves it wasn't a loan but the money was for 50% of the company that owned the Club, ie. meaning the Russo's own 50% of the club, how does that leave things if he court decides this way .... ????? Holly68

10:34am Fri 11 Jan 13

cliff46 says...

Fascinating stuff, I am looking forward to the court case.
I would have thought successful businessmen like the Rossos would have ensured the " loans" were Bassini proof particularly as they were surely aware of his questionable business history.
If as he alleges the money was for 50% of Watford shares why hasn't he given them half they money he received from the Pozzo's or has he?
All this devious background stuff is sickening.
Fascinating stuff, I am looking forward to the court case. I would have thought successful businessmen like the Rossos would have ensured the " loans" were Bassini proof particularly as they were surely aware of his questionable business history. If as he alleges the money was for 50% of Watford shares why hasn't he given them half they money he received from the Pozzo's or has he? All this devious background stuff is sickening. cliff46

10:38am Fri 11 Jan 13

lloydinho says...

... Blimey. So, Russos lent Baz £3.5 million to buy Watford. The Russos say it was a loan, Baz says it was a purchase of half of the club('s parent company's shares).

Russos say that not only do they want their £3.5, they also want interest on it now, at 5% per year. Baz then repeats that it wasn't a loan, it was a purchase and they're not entitled to anything.

The Russos have therefore 'frozen Baz's assets' so that he can't make any payments from the parent company until he's paid the Russos their £3.5 million + interest.

Apparently, there's no evidence to prove that this was a loan however (check the safe I reckon). Just a gentleman's agreement among 'gentlemen'... Bring on 'Boro.
... Blimey. So, Russos lent Baz £3.5 million to buy Watford. The Russos say it was a loan, Baz says it was a purchase of half of the club('s parent company's shares). Russos say that not only do they want their £3.5, they also want interest on it now, at 5% per year. Baz then repeats that it wasn't a loan, it was a purchase and they're not entitled to anything. The Russos have therefore 'frozen Baz's assets' so that he can't make any payments from the parent company until he's paid the Russos their £3.5 million + interest. Apparently, there's no evidence to prove that this was a loan however (check the safe I reckon). Just a gentleman's agreement among 'gentlemen'... Bring on 'Boro. lloydinho

10:39am Fri 11 Jan 13

miked2006 says...

Holly68 wrote:
So if the £4.6M is proved to be a LOAN to Bassini in court he will be summonsed to pay the LOAN back to Russo's

HOWEVER if Bassini proves it wasn't a loan but the money was for 50% of the company that owned the Club, ie. meaning the Russo's own 50% of the club, how does that leave things if he court decides this way ....

?????
Surely if it turns out that it was for half the club, and Bas sold the club claiming he had 100% of the shares, then Bas is still pretty screwed?

He should either have to give the Russo's 50% of the money he received from the transfer of the club, or he should be arrested for fraud.

Another bright spot to add to a wonderful CV.
[quote][p][bold]Holly68[/bold] wrote: So if the £4.6M is proved to be a LOAN to Bassini in court he will be summonsed to pay the LOAN back to Russo's HOWEVER if Bassini proves it wasn't a loan but the money was for 50% of the company that owned the Club, ie. meaning the Russo's own 50% of the club, how does that leave things if he court decides this way .... ?????[/p][/quote]Surely if it turns out that it was for half the club, and Bas sold the club claiming he had 100% of the shares, then Bas is still pretty screwed? He should either have to give the Russo's 50% of the money he received from the transfer of the club, or he should be arrested for fraud. Another bright spot to add to a wonderful CV. miked2006

10:41am Fri 11 Jan 13

llloydwithathirdl says...

The man is a monster.
The man is a monster. llloydwithathirdl

10:44am Fri 11 Jan 13

jasonwatford says...

I hope Bas goes down and the brothers lose all what they loaned......Harse but they all desearve eachother
I hope Bas goes down and the brothers lose all what they loaned......Harse but they all desearve eachother jasonwatford

10:46am Fri 11 Jan 13

D.unstable says...

All in all I think they deserve each other and I want to see them fighting like a bunch of girls outside the courtroom. Maybe this will make all realise that those salad boys are just as crooked and were more than happy to 'prop-up' a numpty like Bassini.

May we all just take a brief moment to reflect and be grateful that we are now well away from these bad bad people.

In Pozzo we trust.
All in all I think they deserve each other and I want to see them fighting like a bunch of girls outside the courtroom. Maybe this will make all realise that those salad boys are just as crooked and were more than happy to 'prop-up' a numpty like Bassini. May we all just take a brief moment to reflect and be grateful that we are now well away from these bad bad people. In Pozzo we trust. D.unstable

10:54am Fri 11 Jan 13

Harrydownunder says...

Bas defence states that the Russo's were due to receive proceeds from a player sale. What does the league think of this? Surely any proceeds fromplayer sales need to stay with the club?

I hope Baz rots in jail. Its what he deserves.
Bas defence states that the Russo's were due to receive proceeds from a player sale. What does the league think of this? Surely any proceeds fromplayer sales need to stay with the club? I hope Baz rots in jail. Its what he deserves. Harrydownunder

11:10am Fri 11 Jan 13

D.unstable says...

Note to Frank Smith, I have a more up to date and appropriate photo of Bas on my Twitter page @D_unstable which you are welcome to use instead of the smug one above.
Note to Frank Smith, I have a more up to date and appropriate photo of Bas on my Twitter page @D_unstable which you are welcome to use instead of the smug one above. D.unstable

11:29am Fri 11 Jan 13

mile high ron says...

cliff46 wrote:
Fascinating stuff, I am looking forward to the court case. I would have thought successful businessmen like the Rossos would have ensured the " loans" were Bassini proof particularly as they were surely aware of his questionable business history. If as he alleges the money was for 50% of Watford shares why hasn't he given them half they money he received from the Pozzo's or has he? All this devious background stuff is sickening.
Blimey, didn’t the salad boys have a dust up with the Gills chairman over something similar…
[quote][p][bold]cliff46[/bold] wrote: Fascinating stuff, I am looking forward to the court case. I would have thought successful businessmen like the Rossos would have ensured the " loans" were Bassini proof particularly as they were surely aware of his questionable business history. If as he alleges the money was for 50% of Watford shares why hasn't he given them half they money he received from the Pozzo's or has he? All this devious background stuff is sickening.[/p][/quote]Blimey, didn’t the salad boys have a dust up with the Gills chairman over something similar… mile high ron

11:30am Fri 11 Jan 13

jasonwatford says...

If they were for shares rather than a loan wouldnt the shares have been put into the russo name ??? For business men they seem to have given over loads of money on a verbal agreement and even after doing it once they seemed to do it two more times ??
If they were for shares rather than a loan wouldnt the shares have been put into the russo name ??? For business men they seem to have given over loads of money on a verbal agreement and even after doing it once they seemed to do it two more times ?? jasonwatford

11:31am Fri 11 Jan 13

londomollari says...

Indulge me for a moment.
Hardnosed businessmen the Russos, lent, yes LENT some 4 million---FOUR MILLION---to bankrupt baz---TO BAZ!!!.Who on this entire planet, short of total insanity, would do that! Totally incredible---what was going on? It's like sticking your head into an alligators mouth then kicking his love spuds.
Oh, and D! Please push that photo! Is it the previously mentioned picture of the Elephant Mans wedding tackle? I'd rather gaze at a picture of that than Baz---?
Indulge me for a moment. Hardnosed businessmen the Russos, lent, yes LENT some 4 million---FOUR MILLION---to bankrupt baz---TO BAZ!!!.Who on this entire planet, short of total insanity, would do that! Totally incredible---what was going on? It's like sticking your head into an alligators mouth then kicking his love spuds. Oh, and D! Please push that photo! Is it the previously mentioned picture of the Elephant Mans wedding tackle? I'd rather gaze at a picture of that than Baz---? londomollari

11:46am Fri 11 Jan 13

Travelling Hornet says...

.......twice bankrupt Bassini.........
.......twice bankrupt Bassini......... Travelling Hornet

11:53am Fri 11 Jan 13

Sahorn says...

I know you believe you understand what you think I said, but I'm not sure you realise what you heard is not what I meant...

What a tangled web we weave ...

Sometimes the unintended consequences of clever financial manipulation, off balance sheet financing and listening to highly paid financial advisors is that it gets too complicated and everything disappears up someone's *** hole.

It's all a cunning plan so only lawyers can unravel the plot in court so the accountants and legal profession maintain the super rich lifestyle to which they've become accustomed..
I know you believe you understand what you think I said, but I'm not sure you realise what you heard is not what I meant... What a tangled web we weave ... Sometimes the unintended consequences of clever financial manipulation, off balance sheet financing and listening to highly paid financial advisors is that it gets too complicated and everything disappears up someone's *** hole. It's all a cunning plan so only lawyers can unravel the plot in court so the accountants and legal profession maintain the super rich lifestyle to which they've become accustomed.. Sahorn

11:53am Fri 11 Jan 13

SAHornet says...

Boxhorn wrote:
Bush Hornet wrote:
Watfordengineer wrote: has Bass paid back the loans but with no interest? is that the issue? i.e. he claims they were steaks in the firm and VGS thinks they were loans and thats the money they are after?
Steaks and salad? It's a bold claim
blast, beat me to it!!
....and me. B*stard ! :-)
[quote][p][bold]Boxhorn[/bold] wrote: [quote][p][bold]Bush Hornet[/bold] wrote: [quote][p][bold]Watfordengineer[/bold] wrote: has Bass paid back the loans but with no interest? is that the issue? i.e. he claims they were steaks in the firm and VGS thinks they were loans and thats the money they are after?[/p][/quote]Steaks and salad? It's a bold claim[/p][/quote]blast, beat me to it!![/p][/quote]....and me. B*stard ! :-) SAHornet

11:56am Fri 11 Jan 13

TownOrn says...

"Stanmore businessman" - Really?
"Stanmore businessman" - Really? TownOrn

12:01pm Fri 11 Jan 13

SAHornet says...

..and to think I used to be in favour of J & V staying to run the club. I must have been totally mad. Still, you live & learn and in my defence I was one that always knew that Bas was seriously bad news. Turns out that both parties STINK !
..and to think I used to be in favour of J & V staying to run the club. I must have been totally mad. Still, you live & learn and in my defence I was one that always knew that Bas was seriously bad news. Turns out that both parties STINK ! SAHornet

12:01pm Fri 11 Jan 13

67horn says...

Extracts and interpretation cloud it more, but if Bas didn't give them the note why did they hand over the money in the first place - and then do it again with the second chunk and then yet again with the third? Praps I can try that one with the bank......
Extracts and interpretation cloud it more, but if Bas didn't give them the note why did they hand over the money in the first place - and then do it again with the second chunk and then yet again with the third? Praps I can try that one with the bank...... 67horn

12:07pm Fri 11 Jan 13

stevyweavy says...

So quite clearly the Russo Brothers are not as clever as they would like us to believe if they have given Bas all this money without sufficient paperwork/protection of their position. Sounds like they were made for each other and unfortunately only confirms that Bas is a lying crook and you wonder how the previous owners still went ahead with it after presumably thorough due diligence.
So quite clearly the Russo Brothers are not as clever as they would like us to believe if they have given Bas all this money without sufficient paperwork/protection of their position. Sounds like they were made for each other and unfortunately only confirms that Bas is a lying crook and you wonder how the previous owners still went ahead with it after presumably thorough due diligence. stevyweavy

12:14pm Fri 11 Jan 13

londomollari says...

TownOrn wrote:
"Stanmore businessman" - Really?
Yes, of course. In the same way that Joseph Goebbels was a kindly, caring philanphropist
[quote][p][bold]TownOrn[/bold] wrote: "Stanmore businessman" - Really?[/p][/quote]Yes, of course. In the same way that Joseph Goebbels was a kindly, caring philanphropist londomollari

12:34pm Fri 11 Jan 13

abbotshornet says...

All very complicated, I'm glad I don't have to sort it out, let's hope they get a hearing date soon.
All this talk of food before lunch is making me hungry!
All very complicated, I'm glad I don't have to sort it out, let's hope they get a hearing date soon. All this talk of food before lunch is making me hungry! abbotshornet

12:35pm Fri 11 Jan 13

Harry the 1st says...

miked2006 wrote:
Holly68 wrote:
So if the £4.6M is proved to be a LOAN to Bassini in court he will be summonsed to pay the LOAN back to Russo's

HOWEVER if Bassini proves it wasn't a loan but the money was for 50% of the company that owned the Club, ie. meaning the Russo's own 50% of the club, how does that leave things if he court decides this way ....

?????
Surely if it turns out that it was for half the club, and Bas sold the club claiming he had 100% of the shares, then Bas is still pretty screwed?

He should either have to give the Russo's 50% of the money he received from the transfer of the club, or he should be arrested for fraud.

Another bright spot to add to a wonderful CV.
I must say that I don't care for the term LOL. Saying that, your last statement "Another bright spot to add to a wonderful CV" did make me laugh out loud! Quality - love it!
[quote][p][bold]miked2006[/bold] wrote: [quote][p][bold]Holly68[/bold] wrote: So if the £4.6M is proved to be a LOAN to Bassini in court he will be summonsed to pay the LOAN back to Russo's HOWEVER if Bassini proves it wasn't a loan but the money was for 50% of the company that owned the Club, ie. meaning the Russo's own 50% of the club, how does that leave things if he court decides this way .... ?????[/p][/quote]Surely if it turns out that it was for half the club, and Bas sold the club claiming he had 100% of the shares, then Bas is still pretty screwed? He should either have to give the Russo's 50% of the money he received from the transfer of the club, or he should be arrested for fraud. Another bright spot to add to a wonderful CV.[/p][/quote]I must say that I don't care for the term LOL. Saying that, your last statement "Another bright spot to add to a wonderful CV" did make me laugh out loud! Quality - love it! Harry the 1st

12:37pm Fri 11 Jan 13

lloydinho says...

miked2006 wrote:
Holly68 wrote:
So if the £4.6M is proved to be a LOAN to Bassini in court he will be summonsed to pay the LOAN back to Russo's

HOWEVER if Bassini proves it wasn't a loan but the money was for 50% of the company that owned the Club, ie. meaning the Russo's own 50% of the club, how does that leave things if he court decides this way ....

?????
Surely if it turns out that it was for half the club, and Bas sold the club claiming he had 100% of the shares, then Bas is still pretty screwed?

He should either have to give the Russo's 50% of the money he received from the transfer of the club, or he should be arrested for fraud.

Another bright spot to add to a wonderful CV.
It's not the club remember, it's the club's parent company, that the Russos may or may not be entitled to half of.

That company, I imagine, is worth nothing and probably no longer trading.
[quote][p][bold]miked2006[/bold] wrote: [quote][p][bold]Holly68[/bold] wrote: So if the £4.6M is proved to be a LOAN to Bassini in court he will be summonsed to pay the LOAN back to Russo's HOWEVER if Bassini proves it wasn't a loan but the money was for 50% of the company that owned the Club, ie. meaning the Russo's own 50% of the club, how does that leave things if he court decides this way .... ?????[/p][/quote]Surely if it turns out that it was for half the club, and Bas sold the club claiming he had 100% of the shares, then Bas is still pretty screwed? He should either have to give the Russo's 50% of the money he received from the transfer of the club, or he should be arrested for fraud. Another bright spot to add to a wonderful CV.[/p][/quote]It's not the club remember, it's the club's parent company, that the Russos may or may not be entitled to half of. That company, I imagine, is worth nothing and probably no longer trading. lloydinho

12:55pm Fri 11 Jan 13

lutondown says...

cliff46 wrote:
Fascinating stuff, I am looking forward to the court case.
I would have thought successful businessmen like the Rossos would have ensured the " loans" were Bassini proof particularly as they were surely aware of his questionable business history.
If as he alleges the money was for 50% of Watford shares why hasn't he given them half they money he received from the Pozzo's or has he?
All this devious background stuff is sickening.
Absolutely.
[quote][p][bold]cliff46[/bold] wrote: Fascinating stuff, I am looking forward to the court case. I would have thought successful businessmen like the Rossos would have ensured the " loans" were Bassini proof particularly as they were surely aware of his questionable business history. If as he alleges the money was for 50% of Watford shares why hasn't he given them half they money he received from the Pozzo's or has he? All this devious background stuff is sickening.[/p][/quote]Absolutely. lutondown

12:57pm Fri 11 Jan 13

lutondown says...

D.unstable wrote:
Note to Frank Smith, I have a more up to date and appropriate photo of Bas on my Twitter page @D_unstable which you are welcome to use instead of the smug one above.
Not the one where he's is the shower picking up a bar of soap and a man of great menace looks ready to do heinous things. Whose the Daddy now?
[quote][p][bold]D.unstable[/bold] wrote: Note to Frank Smith, I have a more up to date and appropriate photo of Bas on my Twitter page @D_unstable which you are welcome to use instead of the smug one above.[/p][/quote]Not the one where he's is the shower picking up a bar of soap and a man of great menace looks ready to do heinous things. Whose the Daddy now? lutondown

12:58pm Fri 11 Jan 13

lutondown says...

Travelling Hornet wrote:
.......twice bankrupt Bassini.........
Soon to be trice!
[quote][p][bold]Travelling Hornet[/bold] wrote: .......twice bankrupt Bassini.........[/p][/quote]Soon to be trice! lutondown

1:01pm Fri 11 Jan 13

lutondown says...

jasonwatford wrote:
If they were for shares rather than a loan wouldnt the shares have been put into the russo name ??? For business men they seem to have given over loads of money on a verbal agreement and even after doing it once they seemed to do it two more times ??
Not so Slim Shady eh?
[quote][p][bold]jasonwatford[/bold] wrote: If they were for shares rather than a loan wouldnt the shares have been put into the russo name ??? For business men they seem to have given over loads of money on a verbal agreement and even after doing it once they seemed to do it two more times ??[/p][/quote]Not so Slim Shady eh? lutondown

1:01pm Fri 11 Jan 13

lutondown says...

Wonder what ilovbas makes of this?
Wonder what ilovbas makes of this? lutondown

1:02pm Fri 11 Jan 13

lutondown says...

Harry the 1st wrote:
miked2006 wrote:
Holly68 wrote:
So if the £4.6M is proved to be a LOAN to Bassini in court he will be summonsed to pay the LOAN back to Russo's

HOWEVER if Bassini proves it wasn't a loan but the money was for 50% of the company that owned the Club, ie. meaning the Russo's own 50% of the club, how does that leave things if he court decides this way ....

?????
Surely if it turns out that it was for half the club, and Bas sold the club claiming he had 100% of the shares, then Bas is still pretty screwed?

He should either have to give the Russo's 50% of the money he received from the transfer of the club, or he should be arrested for fraud.

Another bright spot to add to a wonderful CV.
I must say that I don't care for the term LOL. Saying that, your last statement "Another bright spot to add to a wonderful CV" did make me laugh out loud! Quality - love it!
LOL
[quote][p][bold]Harry the 1st[/bold] wrote: [quote][p][bold]miked2006[/bold] wrote: [quote][p][bold]Holly68[/bold] wrote: So if the £4.6M is proved to be a LOAN to Bassini in court he will be summonsed to pay the LOAN back to Russo's HOWEVER if Bassini proves it wasn't a loan but the money was for 50% of the company that owned the Club, ie. meaning the Russo's own 50% of the club, how does that leave things if he court decides this way .... ?????[/p][/quote]Surely if it turns out that it was for half the club, and Bas sold the club claiming he had 100% of the shares, then Bas is still pretty screwed? He should either have to give the Russo's 50% of the money he received from the transfer of the club, or he should be arrested for fraud. Another bright spot to add to a wonderful CV.[/p][/quote]I must say that I don't care for the term LOL. Saying that, your last statement "Another bright spot to add to a wonderful CV" did make me laugh out loud! Quality - love it![/p][/quote]LOL lutondown

1:04pm Fri 11 Jan 13

lutondown says...

D.unstable wrote:
All in all I think they deserve each other and I want to see them fighting like a bunch of girls outside the courtroom. Maybe this will make all realise that those salad boys are just as crooked and were more than happy to 'prop-up' a numpty like Bassini.

May we all just take a brief moment to reflect and be grateful that we are now well away from these bad bad people.

In Pozzo we trust.
Again, absolutely.
[quote][p][bold]D.unstable[/bold] wrote: All in all I think they deserve each other and I want to see them fighting like a bunch of girls outside the courtroom. Maybe this will make all realise that those salad boys are just as crooked and were more than happy to 'prop-up' a numpty like Bassini. May we all just take a brief moment to reflect and be grateful that we are now well away from these bad bad people. In Pozzo we trust.[/p][/quote]Again, absolutely. lutondown

1:08pm Fri 11 Jan 13

Holly68 says...

lloydinho wrote:
miked2006 wrote:
Holly68 wrote: So if the £4.6M is proved to be a LOAN to Bassini in court he will be summonsed to pay the LOAN back to Russo's HOWEVER if Bassini proves it wasn't a loan but the money was for 50% of the company that owned the Club, ie. meaning the Russo's own 50% of the club, how does that leave things if he court decides this way .... ?????
Surely if it turns out that it was for half the club, and Bas sold the club claiming he had 100% of the shares, then Bas is still pretty screwed? He should either have to give the Russo's 50% of the money he received from the transfer of the club, or he should be arrested for fraud. Another bright spot to add to a wonderful CV.
It's not the club remember, it's the club's parent company, that the Russos may or may not be entitled to half of. That company, I imagine, is worth nothing and probably no longer trading.
but then the Russo's could claim half the proceeds gained by the company when sold to the Pozzo's
[quote][p][bold]lloydinho[/bold] wrote: [quote][p][bold]miked2006[/bold] wrote: [quote][p][bold]Holly68[/bold] wrote: So if the £4.6M is proved to be a LOAN to Bassini in court he will be summonsed to pay the LOAN back to Russo's HOWEVER if Bassini proves it wasn't a loan but the money was for 50% of the company that owned the Club, ie. meaning the Russo's own 50% of the club, how does that leave things if he court decides this way .... ?????[/p][/quote]Surely if it turns out that it was for half the club, and Bas sold the club claiming he had 100% of the shares, then Bas is still pretty screwed? He should either have to give the Russo's 50% of the money he received from the transfer of the club, or he should be arrested for fraud. Another bright spot to add to a wonderful CV.[/p][/quote]It's not the club remember, it's the club's parent company, that the Russos may or may not be entitled to half of. That company, I imagine, is worth nothing and probably no longer trading.[/p][/quote]but then the Russo's could claim half the proceeds gained by the company when sold to the Pozzo's Holly68

1:10pm Fri 11 Jan 13

lutondown says...

Holly68 wrote:
lloydinho wrote:
miked2006 wrote:
Holly68 wrote: So if the £4.6M is proved to be a LOAN to Bassini in court he will be summonsed to pay the LOAN back to Russo's HOWEVER if Bassini proves it wasn't a loan but the money was for 50% of the company that owned the Club, ie. meaning the Russo's own 50% of the club, how does that leave things if he court decides this way .... ?????
Surely if it turns out that it was for half the club, and Bas sold the club claiming he had 100% of the shares, then Bas is still pretty screwed? He should either have to give the Russo's 50% of the money he received from the transfer of the club, or he should be arrested for fraud. Another bright spot to add to a wonderful CV.
It's not the club remember, it's the club's parent company, that the Russos may or may not be entitled to half of. That company, I imagine, is worth nothing and probably no longer trading.
but then the Russo's could claim half the proceeds gained by the company when sold to the Pozzo's
Sadly none of these were in it for anything other than their own ends. It's backfired. I hope the Russo's win, but only because I want Bas to get his dues
[quote][p][bold]Holly68[/bold] wrote: [quote][p][bold]lloydinho[/bold] wrote: [quote][p][bold]miked2006[/bold] wrote: [quote][p][bold]Holly68[/bold] wrote: So if the £4.6M is proved to be a LOAN to Bassini in court he will be summonsed to pay the LOAN back to Russo's HOWEVER if Bassini proves it wasn't a loan but the money was for 50% of the company that owned the Club, ie. meaning the Russo's own 50% of the club, how does that leave things if he court decides this way .... ?????[/p][/quote]Surely if it turns out that it was for half the club, and Bas sold the club claiming he had 100% of the shares, then Bas is still pretty screwed? He should either have to give the Russo's 50% of the money he received from the transfer of the club, or he should be arrested for fraud. Another bright spot to add to a wonderful CV.[/p][/quote]It's not the club remember, it's the club's parent company, that the Russos may or may not be entitled to half of. That company, I imagine, is worth nothing and probably no longer trading.[/p][/quote]but then the Russo's could claim half the proceeds gained by the company when sold to the Pozzo's[/p][/quote]Sadly none of these were in it for anything other than their own ends. It's backfired. I hope the Russo's win, but only because I want Bas to get his dues lutondown

1:16pm Fri 11 Jan 13

tangoelite says...

I wonder what GT & Chris Bottom think about all this?
I wonder what GT & Chris Bottom think about all this? tangoelite

1:17pm Fri 11 Jan 13

lutondown says...

tangoelite wrote:
I wonder what GT & Chris Bottom think about all this?
Nice new name.
[quote][p][bold]tangoelite[/bold] wrote: I wonder what GT & Chris Bottom think about all this?[/p][/quote]Nice new name. lutondown

1:19pm Fri 11 Jan 13

lutondown says...

This one for Boosey if you're out there! Yes Elton still speaks to the club, and namely Zola.
This one for Boosey if you're out there! Yes Elton still speaks to the club, and namely Zola. lutondown

1:39pm Fri 11 Jan 13

Bringe says...

Nobody and I mean nobody parts with that kind of cash without a written contract, detailed receipt or transcript of an agreement. To me it looks like they were all in this together and (surprise, surprise) Baz has pulled a fast one.

However if there were no third party loans to repay then there would have been no grounds for a transfer embargo, interesting but maybe we should be hoping Baz wins :D
Nobody and I mean nobody parts with that kind of cash without a written contract, detailed receipt or transcript of an agreement. To me it looks like they were all in this together and (surprise, surprise) Baz has pulled a fast one. However if there were no third party loans to repay then there would have been no grounds for a transfer embargo, interesting but maybe we should be hoping Baz wins :D Bringe

1:58pm Fri 11 Jan 13

N Joydegame says...

I can't for the life of me understand why the Russo's would want to go anywhere near the bankrupt. In many ways..."serves them right" applies.

However having just finished "Tales from the Vicarage" (a fantastic read for all true 'Orns) the Russo's did do a great deal for our club (they paid for Marlon King for starters) and got us through some truely awful times.

My hope is that they get full revenge on this useless, lieing, deceitful lump of *urd. He needs a very long spell in HMP for all the people he's ripped off, the lies he's told, and the scams he's pulled.

A final good word for the two directors (Fransen and Timperley) who stayed on after GT left and finally found a way of getting him out and the Pozzo's in.

Thank God, the Pozzos, and in GFZ we trust.
U'Orns.
I can't for the life of me understand why the Russo's would want to go anywhere near the bankrupt. In many ways..."serves them right" applies. However having just finished "Tales from the Vicarage" (a fantastic read for all true 'Orns) the Russo's did do a great deal for our club (they paid for Marlon King for starters) and got us through some truely awful times. My hope is that they get full revenge on this useless, lieing, deceitful lump of *urd. He needs a very long spell in HMP for all the people he's ripped off, the lies he's told, and the scams he's pulled. A final good word for the two directors (Fransen and Timperley) who stayed on after GT left and finally found a way of getting him out and the Pozzo's in. Thank God, the Pozzos, and in GFZ we trust. U'Orns. N Joydegame

2:15pm Fri 11 Jan 13

D.unstable says...

I think all should agree that we never want to see either Baz or Little & Large anywhere near Watford again, let alone the club.

When Baz was at the helm, I passed him in Bond Street Stn, in hindsight I wish I had given him a sneaky slap then :o)
I think all should agree that we never want to see either Baz or Little & Large anywhere near Watford again, let alone the club. When Baz was at the helm, I passed him in Bond Street Stn, in hindsight I wish I had given him a sneaky slap then :o) D.unstable

2:19pm Fri 11 Jan 13

D.unstable says...

lutondown wrote:
D.unstable wrote: Note to Frank Smith, I have a more up to date and appropriate photo of Bas on my Twitter page @D_unstable which you are welcome to use instead of the smug one above.
Not the one where he's is the shower picking up a bar of soap and a man of great menace looks ready to do heinous things. Whose the Daddy now?
LD you describe it so well LOL, but you forget to mention the other 49 Daddies patiently waiting in line!!!
[quote][p][bold]lutondown[/bold] wrote: [quote][p][bold]D.unstable[/bold] wrote: Note to Frank Smith, I have a more up to date and appropriate photo of Bas on my Twitter page @D_unstable which you are welcome to use instead of the smug one above.[/p][/quote]Not the one where he's is the shower picking up a bar of soap and a man of great menace looks ready to do heinous things. Whose the Daddy now?[/p][/quote]LD you describe it so well LOL, but you forget to mention the other 49 Daddies patiently waiting in line!!! D.unstable

2:31pm Fri 11 Jan 13

Travelling Hornet says...

I heard Baz reckons Lance Armstrong is innocent too....
I heard Baz reckons Lance Armstrong is innocent too.... Travelling Hornet

2:46pm Fri 11 Jan 13

Travelling Hornet says...

I can imagine all the shenanigans that has gone on before this was made public by going to court,the last thing the Russo's wanted was to have egg ( salad ) on their faces, hey hey boom boom,
I thank you, I'm here all week, if you liked that , I'm Traveling Hornet if not I'm Stan Boardman
I can imagine all the shenanigans that has gone on before this was made public by going to court,the last thing the Russo's wanted was to have egg ( salad ) on their faces, hey hey boom boom, I thank you, I'm here all week, if you liked that , I'm Traveling Hornet if not I'm Stan Boardman Travelling Hornet

3:12pm Fri 11 Jan 13

peter10531089 says...

Whoever introduced the Pozzo's (Duxberry and Nani) - Thank you Thank you Thank you.

I wonder if Martin Samuel will take note of what might have happened had our Italian friends not entered the scene?
Whoever introduced the Pozzo's (Duxberry and Nani) - Thank you Thank you Thank you. I wonder if Martin Samuel will take note of what might have happened had our Italian friends not entered the scene? peter10531089

3:20pm Fri 11 Jan 13

SAHornet says...

peter10531089 wrote:
Whoever introduced the Pozzo's (Duxberry and Nani) - Thank you Thank you Thank you.

I wonder if Martin Samuel will take note of what might have happened had our Italian friends not entered the scene?
No, now don't get LD and Petchey started again
[quote][p][bold]peter10531089[/bold] wrote: Whoever introduced the Pozzo's (Duxberry and Nani) - Thank you Thank you Thank you. I wonder if Martin Samuel will take note of what might have happened had our Italian friends not entered the scene?[/p][/quote]No, now don't get LD and Petchey started again SAHornet

3:24pm Fri 11 Jan 13

lutondown says...

SAHornet wrote:
peter10531089 wrote:
Whoever introduced the Pozzo's (Duxberry and Nani) - Thank you Thank you Thank you.

I wonder if Martin Samuel will take note of what might have happened had our Italian friends not entered the scene?
No, now don't get LD and Petchey started again
Not funny SAH
[quote][p][bold]SAHornet[/bold] wrote: [quote][p][bold]peter10531089[/bold] wrote: Whoever introduced the Pozzo's (Duxberry and Nani) - Thank you Thank you Thank you. I wonder if Martin Samuel will take note of what might have happened had our Italian friends not entered the scene?[/p][/quote]No, now don't get LD and Petchey started again[/p][/quote]Not funny SAH lutondown

3:32pm Fri 11 Jan 13

Bush Hornet says...

Tales from The Vicarage has sold out on Amazon. Anyone know how to get one?
Tales from The Vicarage has sold out on Amazon. Anyone know how to get one? Bush Hornet

3:48pm Fri 11 Jan 13

SAHornet says...

lutondown wrote:
SAHornet wrote:
peter10531089 wrote:
Whoever introduced the Pozzo's (Duxberry and Nani) - Thank you Thank you Thank you.

I wonder if Martin Samuel will take note of what might have happened had our Italian friends not entered the scene?
No, now don't get LD and Petchey started again
Not funny SAH
Maybe just a little bit, LD?
[quote][p][bold]lutondown[/bold] wrote: [quote][p][bold]SAHornet[/bold] wrote: [quote][p][bold]peter10531089[/bold] wrote: Whoever introduced the Pozzo's (Duxberry and Nani) - Thank you Thank you Thank you. I wonder if Martin Samuel will take note of what might have happened had our Italian friends not entered the scene?[/p][/quote]No, now don't get LD and Petchey started again[/p][/quote]Not funny SAH[/p][/quote]Maybe just a little bit, LD? SAHornet

3:50pm Fri 11 Jan 13

lutondown says...

Bush Hornet wrote:
Tales from The Vicarage has sold out on Amazon. Anyone know how to get one?
I've read mine u can read that
[quote][p][bold]Bush Hornet[/bold] wrote: Tales from The Vicarage has sold out on Amazon. Anyone know how to get one?[/p][/quote]I've read mine u can read that lutondown

4:01pm Fri 11 Jan 13

Bush Hornet says...

lutondown wrote:
Bush Hornet wrote:
Tales from The Vicarage has sold out on Amazon. Anyone know how to get one?
I've read mine u can read that
take note any haters, this man is a gent. I'll dig up your email from another thread. Thank you
[quote][p][bold]lutondown[/bold] wrote: [quote][p][bold]Bush Hornet[/bold] wrote: Tales from The Vicarage has sold out on Amazon. Anyone know how to get one?[/p][/quote]I've read mine u can read that[/p][/quote]take note any haters, this man is a gent. I'll dig up your email from another thread. Thank you Bush Hornet

4:02pm Fri 11 Jan 13

Bush Hornet says...

just noticed how similar haters and hatters are
just noticed how similar haters and hatters are Bush Hornet

4:38pm Fri 11 Jan 13

lutondown says...

SAHornet wrote:
lutondown wrote:
SAHornet wrote:
peter10531089 wrote:
Whoever introduced the Pozzo's (Duxberry and Nani) - Thank you Thank you Thank you.

I wonder if Martin Samuel will take note of what might have happened had our Italian friends not entered the scene?
No, now don't get LD and Petchey started again
Not funny SAH
Maybe just a little bit, LD?
Not that particular one mate! But the post you replied to was right, Mr Samuels has not at the decency to admit his flaws.
I wrote that with trepidation and great fear....
[quote][p][bold]SAHornet[/bold] wrote: [quote][p][bold]lutondown[/bold] wrote: [quote][p][bold]SAHornet[/bold] wrote: [quote][p][bold]peter10531089[/bold] wrote: Whoever introduced the Pozzo's (Duxberry and Nani) - Thank you Thank you Thank you. I wonder if Martin Samuel will take note of what might have happened had our Italian friends not entered the scene?[/p][/quote]No, now don't get LD and Petchey started again[/p][/quote]Not funny SAH[/p][/quote]Maybe just a little bit, LD?[/p][/quote]Not that particular one mate! But the post you replied to was right, Mr Samuels has not at the decency to admit his flaws. I wrote that with trepidation and great fear.... lutondown

6:00pm Fri 11 Jan 13

Mickey Quinn, not so thin says...

Bush Hornet wrote:
lutondown wrote:
Bush Hornet wrote:
Tales from The Vicarage has sold out on Amazon. Anyone know how to get one?
I've read mine u can read that
take note any haters, this man is a gent. I'll dig up your email from another thread. Thank you
he hadnt mentioned the price yet !!
[quote][p][bold]Bush Hornet[/bold] wrote: [quote][p][bold]lutondown[/bold] wrote: [quote][p][bold]Bush Hornet[/bold] wrote: Tales from The Vicarage has sold out on Amazon. Anyone know how to get one?[/p][/quote]I've read mine u can read that[/p][/quote]take note any haters, this man is a gent. I'll dig up your email from another thread. Thank you[/p][/quote]he hadnt mentioned the price yet !! Mickey Quinn, not so thin

6:02pm Fri 11 Jan 13

lutondown says...

Mickey Quinn, not so thin wrote:
Bush Hornet wrote:
lutondown wrote:
Bush Hornet wrote:
Tales from The Vicarage has sold out on Amazon. Anyone know how to get one?
I've read mine u can read that
take note any haters, this man is a gent. I'll dig up your email from another thread. Thank you
he hadnt mentioned the price yet !!
Don't judge me by your own standards Quinny
[quote][p][bold]Mickey Quinn, not so thin[/bold] wrote: [quote][p][bold]Bush Hornet[/bold] wrote: [quote][p][bold]lutondown[/bold] wrote: [quote][p][bold]Bush Hornet[/bold] wrote: Tales from The Vicarage has sold out on Amazon. Anyone know how to get one?[/p][/quote]I've read mine u can read that[/p][/quote]take note any haters, this man is a gent. I'll dig up your email from another thread. Thank you[/p][/quote]he hadnt mentioned the price yet !![/p][/quote]Don't judge me by your own standards Quinny lutondown

6:06pm Fri 11 Jan 13

Mickey Quinn, not so thin says...

lutondown wrote:
Mickey Quinn, not so thin wrote:
Bush Hornet wrote:
lutondown wrote:
Bush Hornet wrote:
Tales from The Vicarage has sold out on Amazon. Anyone know how to get one?
I've read mine u can read that
take note any haters, this man is a gent. I'll dig up your email from another thread. Thank you
he hadnt mentioned the price yet !!
Don't judge me by your own standards Quinny
just a gentle ribbing....(co-incid
entally Mrs Quinn's favourite !!)
[quote][p][bold]lutondown[/bold] wrote: [quote][p][bold]Mickey Quinn, not so thin[/bold] wrote: [quote][p][bold]Bush Hornet[/bold] wrote: [quote][p][bold]lutondown[/bold] wrote: [quote][p][bold]Bush Hornet[/bold] wrote: Tales from The Vicarage has sold out on Amazon. Anyone know how to get one?[/p][/quote]I've read mine u can read that[/p][/quote]take note any haters, this man is a gent. I'll dig up your email from another thread. Thank you[/p][/quote]he hadnt mentioned the price yet !![/p][/quote]Don't judge me by your own standards Quinny[/p][/quote]just a gentle ribbing....(co-incid entally Mrs Quinn's favourite !!) Mickey Quinn, not so thin

6:09pm Fri 11 Jan 13

lutondown says...

Mickey Quinn, not so thin wrote:
lutondown wrote:
Mickey Quinn, not so thin wrote:
Bush Hornet wrote:
lutondown wrote:
Bush Hornet wrote:
Tales from The Vicarage has sold out on Amazon. Anyone know how to get one?
I've read mine u can read that
take note any haters, this man is a gent. I'll dig up your email from another thread. Thank you
he hadnt mentioned the price yet !!
Don't judge me by your own standards Quinny
just a gentle ribbing....(co-incid

entally Mrs Quinn's favourite !!)
I know...I was playing up! As always
[quote][p][bold]Mickey Quinn, not so thin[/bold] wrote: [quote][p][bold]lutondown[/bold] wrote: [quote][p][bold]Mickey Quinn, not so thin[/bold] wrote: [quote][p][bold]Bush Hornet[/bold] wrote: [quote][p][bold]lutondown[/bold] wrote: [quote][p][bold]Bush Hornet[/bold] wrote: Tales from The Vicarage has sold out on Amazon. Anyone know how to get one?[/p][/quote]I've read mine u can read that[/p][/quote]take note any haters, this man is a gent. I'll dig up your email from another thread. Thank you[/p][/quote]he hadnt mentioned the price yet !![/p][/quote]Don't judge me by your own standards Quinny[/p][/quote]just a gentle ribbing....(co-incid entally Mrs Quinn's favourite !!)[/p][/quote]I know...I was playing up! As always lutondown

7:00pm Fri 11 Jan 13

jasonwatford says...

just email the author bushhornet..he replied straigt way to me and sent me a copy in post....i hear waterstones in hemel hempstead had last copies left,
just email the author bushhornet..he replied straigt way to me and sent me a copy in post....i hear waterstones in hemel hempstead had last copies left, jasonwatford

7:12pm Fri 11 Jan 13

GianlucaVialli the better italian says...

The WO can try, but Gianluca will never be silenced. Down with Bas and down with LD.
The WO can try, but Gianluca will never be silenced. Down with Bas and down with LD. GianlucaVialli the better italian

7:36pm Fri 11 Jan 13

Oracledave says...

So the Baz claim is that the Russos acquired 50% ownership in the club without any director presence or other say in the running AND stayed schtum when the Pozzo takeover was going through !? Er, I don't think so.

Either way seems we'll all soon be down the Red Lion enjoying a Lasagne washed down with a nice Valpolicella with genial hosts Vince and Jimmy (salad bar free of course)
So the Baz claim is that the Russos acquired 50% ownership in the club without any director presence or other say in the running AND stayed schtum when the Pozzo takeover was going through !? Er, I don't think so. Either way seems we'll all soon be down the Red Lion enjoying a Lasagne washed down with a nice Valpolicella with genial hosts Vince and Jimmy (salad bar free of course) Oracledave

10:17pm Fri 11 Jan 13

Feff says...

The Russos are as bad as Bassini. Discuss.
The Russos are as bad as Bassini. Discuss. Feff

10:26pm Fri 11 Jan 13

lutondown says...

Feff wrote:
The Russos are as bad as Bassini. Discuss.
Bit confused in as much some very in the know people reckon they were ok, but the underhanded way the whole Bas thing was conducted leaves it very wide open. What I do know, is none of this has helped our club.
[quote][p][bold]Feff[/bold] wrote: The Russos are as bad as Bassini. Discuss.[/p][/quote]Bit confused in as much some very in the know people reckon they were ok, but the underhanded way the whole Bas thing was conducted leaves it very wide open. What I do know, is none of this has helped our club. lutondown

10:43pm Fri 11 Jan 13

londomollari says...

I just can't believe that the Russo's could be so stupid as to put themselves in this position. Obviously, much of the detail is yet to emerge, but we are left with the general impression of a lot of underhand, dirty dealing---from both sides.
Once again, how could the Russos deal in such large sums of money with such a dodgy character?
I just can't believe that the Russo's could be so stupid as to put themselves in this position. Obviously, much of the detail is yet to emerge, but we are left with the general impression of a lot of underhand, dirty dealing---from both sides. Once again, how could the Russos deal in such large sums of money with such a dodgy character? londomollari

10:48pm Fri 11 Jan 13

lutondown says...

londomollari wrote:
I just can't believe that the Russo's could be so stupid as to put themselves in this position. Obviously, much of the detail is yet to emerge, but we are left with the general impression of a lot of underhand, dirty dealing---from both sides.
Once again, how could the Russos deal in such large sums of money with such a dodgy character?
Yep that beats me. They are not idiots by a long shot. I pray that it's not the thing that stops promotion. Not being ready is fair dos, but to lose out because of greed and personal ambition would be hard to stomach
[quote][p][bold]londomollari[/bold] wrote: I just can't believe that the Russo's could be so stupid as to put themselves in this position. Obviously, much of the detail is yet to emerge, but we are left with the general impression of a lot of underhand, dirty dealing---from both sides. Once again, how could the Russos deal in such large sums of money with such a dodgy character?[/p][/quote]Yep that beats me. They are not idiots by a long shot. I pray that it's not the thing that stops promotion. Not being ready is fair dos, but to lose out because of greed and personal ambition would be hard to stomach lutondown

11:06pm Fri 11 Jan 13

londomollari says...

lutondown wrote:
londomollari wrote:
I just can't believe that the Russo's could be so stupid as to put themselves in this position. Obviously, much of the detail is yet to emerge, but we are left with the general impression of a lot of underhand, dirty dealing---from both sides.
Once again, how could the Russos deal in such large sums of money with such a dodgy character?
Yep that beats me. They are not idiots by a long shot. I pray that it's not the thing that stops promotion. Not being ready is fair dos, but to lose out because of greed and personal ambition would be hard to stomach
That's my fear. If they were trying to screw each other and find themselves in this mess---good riddance. But if such dealings lead to infringement of FA regulations and penalties---Well, I hope that more than just a bar of soap is sacrificed and inserted in the previously mentioned shower confrontation.
We may have disliked previous club owners/directors, or disagreed with the way they ran the club, but never, in the history of this club, have owners been so universally hated and reviled. My apologies to the late Jim Bonser.
[quote][p][bold]lutondown[/bold] wrote: [quote][p][bold]londomollari[/bold] wrote: I just can't believe that the Russo's could be so stupid as to put themselves in this position. Obviously, much of the detail is yet to emerge, but we are left with the general impression of a lot of underhand, dirty dealing---from both sides. Once again, how could the Russos deal in such large sums of money with such a dodgy character?[/p][/quote]Yep that beats me. They are not idiots by a long shot. I pray that it's not the thing that stops promotion. Not being ready is fair dos, but to lose out because of greed and personal ambition would be hard to stomach[/p][/quote]That's my fear. If they were trying to screw each other and find themselves in this mess---good riddance. But if such dealings lead to infringement of FA regulations and penalties---Well, I hope that more than just a bar of soap is sacrificed and inserted in the previously mentioned shower confrontation. We may have disliked previous club owners/directors, or disagreed with the way they ran the club, but never, in the history of this club, have owners been so universally hated and reviled. My apologies to the late Jim Bonser. londomollari

11:09pm Fri 11 Jan 13

lutondown says...

londomollari wrote:
lutondown wrote:
londomollari wrote:
I just can't believe that the Russo's could be so stupid as to put themselves in this position. Obviously, much of the detail is yet to emerge, but we are left with the general impression of a lot of underhand, dirty dealing---from both sides.
Once again, how could the Russos deal in such large sums of money with such a dodgy character?
Yep that beats me. They are not idiots by a long shot. I pray that it's not the thing that stops promotion. Not being ready is fair dos, but to lose out because of greed and personal ambition would be hard to stomach
That's my fear. If they were trying to screw each other and find themselves in this mess---good riddance. But if such dealings lead to infringement of FA regulations and penalties---Well, I hope that more than just a bar of soap is sacrificed and inserted in the previously mentioned shower confrontation.
We may have disliked previous club owners/directors, or disagreed with the way they ran the club, but never, in the history of this club, have owners been so universally hated and reviled. My apologies to the late Jim Bonser.
Bonser, was great when he took over, he helped take the club forward ala Tales from the Vic but hung on to long. I still remember the chant...Bonser out, Elton in!
[quote][p][bold]londomollari[/bold] wrote: [quote][p][bold]lutondown[/bold] wrote: [quote][p][bold]londomollari[/bold] wrote: I just can't believe that the Russo's could be so stupid as to put themselves in this position. Obviously, much of the detail is yet to emerge, but we are left with the general impression of a lot of underhand, dirty dealing---from both sides. Once again, how could the Russos deal in such large sums of money with such a dodgy character?[/p][/quote]Yep that beats me. They are not idiots by a long shot. I pray that it's not the thing that stops promotion. Not being ready is fair dos, but to lose out because of greed and personal ambition would be hard to stomach[/p][/quote]That's my fear. If they were trying to screw each other and find themselves in this mess---good riddance. But if such dealings lead to infringement of FA regulations and penalties---Well, I hope that more than just a bar of soap is sacrificed and inserted in the previously mentioned shower confrontation. We may have disliked previous club owners/directors, or disagreed with the way they ran the club, but never, in the history of this club, have owners been so universally hated and reviled. My apologies to the late Jim Bonser.[/p][/quote]Bonser, was great when he took over, he helped take the club forward ala Tales from the Vic but hung on to long. I still remember the chant...Bonser out, Elton in! lutondown

11:40pm Fri 11 Jan 13

londomollari says...

Yup, can still hear the chant. He made mistakes, he stayed too long. But his dealings with the club and supporters were never less than ethical, and his integrity was never questioned. He always acted in what he considered to be the best interests of the club. he was a genial cherub compared to this recent lot.
Yup, can still hear the chant. He made mistakes, he stayed too long. But his dealings with the club and supporters were never less than ethical, and his integrity was never questioned. He always acted in what he considered to be the best interests of the club. he was a genial cherub compared to this recent lot. londomollari

11:49pm Fri 11 Jan 13

ChunkeyMonkey says...

Whilst stating the obvious, this latest development firmly links the Russo's to Bassini in that they either bankrolled the latter's acquisition by loans or they retained ownership in partnership with him. Smoke and mirrors.
It is natural to question their judgement in terms of passing funds in whatever form that took, (who in their right mind would do such a thing? and not once but three times). It's only conjecture of course but it seems that Bassini might have been "installed" by the Russo's in that role as the front man with little or no stake of his own to wrestle/ entice control away from Ashcroft and Simpson - as the only visible option available at the time - remember Ashcrofts people had stated previously that in the global scheme of things, in their world, investing in Watford was a punt.
According to the Wobby report, the initial tranche of money moved twice (an effort to put distance between the two parties?) but even then there should be a paper trail. The terms of the transfer into Barrea however may have been ignored in its onward delivery to Bassini's holding company.
In any event we might be treated to the two parties mixing it in court, but safe in the knowledge that whatever else gets thrown at the club by way of misconduct charges / fines etc, we are far far better off now apparently in the hands of sensible custodians. We reportedly bid £2m for a player this week - who would have thought that likely 6 months ago?
Whilst stating the obvious, this latest development firmly links the Russo's to Bassini in that they either bankrolled the latter's acquisition by loans or they retained ownership in partnership with him. Smoke and mirrors. It is natural to question their judgement in terms of passing funds in whatever form that took, (who in their right mind would do such a thing? and not once but three times). It's only conjecture of course but it seems that Bassini might have been "installed" by the Russo's in that role as the front man with little or no stake of his own to wrestle/ entice control away from Ashcroft and Simpson - as the only visible option available at the time - remember Ashcrofts people had stated previously that in the global scheme of things, in their world, investing in Watford was a punt. According to the Wobby report, the initial tranche of money moved twice (an effort to put distance between the two parties?) but even then there should be a paper trail. The terms of the transfer into Barrea however may have been ignored in its onward delivery to Bassini's holding company. In any event we might be treated to the two parties mixing it in court, but safe in the knowledge that whatever else gets thrown at the club by way of misconduct charges / fines etc, we are far far better off now apparently in the hands of sensible custodians. We reportedly bid £2m for a player this week - who would have thought that likely 6 months ago? ChunkeyMonkey

11:57pm Fri 11 Jan 13

londomollari says...

Chunkey, that summary seems to pretty much have it surrounded. I eagerly await the court case.
With all this nonsense coming to light, I increasingly realise how very, very, very lucky we are to still have a club, let alone being in the safe hands of the Pozzo's.
Chunkey, that summary seems to pretty much have it surrounded. I eagerly await the court case. With all this nonsense coming to light, I increasingly realise how very, very, very lucky we are to still have a club, let alone being in the safe hands of the Pozzo's. londomollari

12:13am Sat 12 Jan 13

ChunkeyMonkey says...

londomollari wrote:
Chunkey, that summary seems to pretty much have it surrounded. I eagerly await the court case.
With all this nonsense coming to light, I increasingly realise how very, very, very lucky we are to still have a club, let alone being in the safe hands of the Pozzo's.
I would be very p...ed off if we were penalised as a result of the actions of the previous owners; men more interested in puffing their own ego's but actually anything that comes our way will be taken on the chin, because viewing it from here and now, the club has survived some dark dark days and looks as if it will move forward in any event and be developed in a positive and exciting way.
A win at Boro is on he cards as well.
[quote][p][bold]londomollari[/bold] wrote: Chunkey, that summary seems to pretty much have it surrounded. I eagerly await the court case. With all this nonsense coming to light, I increasingly realise how very, very, very lucky we are to still have a club, let alone being in the safe hands of the Pozzo's.[/p][/quote]I would be very p...ed off if we were penalised as a result of the actions of the previous owners; men more interested in puffing their own ego's but actually anything that comes our way will be taken on the chin, because viewing it from here and now, the club has survived some dark dark days and looks as if it will move forward in any event and be developed in a positive and exciting way. A win at Boro is on he cards as well. ChunkeyMonkey

4:00am Sat 12 Jan 13

Play-Off Pete says...

Hmmm. In April 2012 I received a phone call from an outfit in the USA asking if I wanted to sell my shares in Watford Leisure. I went along with it, expecting it to be a scam but was determined to find out more, e.g. how they got my personal details. They emailed me a non-disclosure agreement following which I decided to find out as much as I could. The whole thing was clouded in secrecy and I couldn't make much progress. At this point I emailed the Watford Observer - in confidence - and told them what I knew, asking if they could add anything.
They couldn't.
So ... it's been interesting watching what's happened during the past few months, with clearly far more to come out!!!
Hmmm. In April 2012 I received a phone call from an outfit in the USA asking if I wanted to sell my shares in Watford Leisure. I went along with it, expecting it to be a scam but was determined to find out more, e.g. how they got my personal details. They emailed me a non-disclosure agreement following which I decided to find out as much as I could. The whole thing was clouded in secrecy and I couldn't make much progress. At this point I emailed the Watford Observer - in confidence - and told them what I knew, asking if they could add anything. They couldn't. So ... it's been interesting watching what's happened during the past few months, with clearly far more to come out!!! Play-Off Pete

9:24am Sat 12 Jan 13

ChunkeyMonkey says...

Play-Off Pete wrote:
Hmmm. In April 2012 I received a phone call from an outfit in the USA asking if I wanted to sell my shares in Watford Leisure. I went along with it, expecting it to be a scam but was determined to find out more, e.g. how they got my personal details. They emailed me a non-disclosure agreement following which I decided to find out as much as I could. The whole thing was clouded in secrecy and I couldn't make much progress. At this point I emailed the Watford Observer - in confidence - and told them what I knew, asking if they could add anything.
They couldn't.
So ... it's been interesting watching what's happened during the past few months, with clearly far more to come out!!!
I have heard of others receiving a similar approach at the time. Someone somewhere was prepared to dig around to identify small shareholders and try to entice them to sell. Wonder who that could have been?
The one constant in all of these are the somewhat helpless fans, sitting on the side watching the to-Ing and fro-Ing being played out.
We've escaped all this (for the foreseeable future at least).
[quote][p][bold]Play-Off Pete[/bold] wrote: Hmmm. In April 2012 I received a phone call from an outfit in the USA asking if I wanted to sell my shares in Watford Leisure. I went along with it, expecting it to be a scam but was determined to find out more, e.g. how they got my personal details. They emailed me a non-disclosure agreement following which I decided to find out as much as I could. The whole thing was clouded in secrecy and I couldn't make much progress. At this point I emailed the Watford Observer - in confidence - and told them what I knew, asking if they could add anything. They couldn't. So ... it's been interesting watching what's happened during the past few months, with clearly far more to come out!!![/p][/quote]I have heard of others receiving a similar approach at the time. Someone somewhere was prepared to dig around to identify small shareholders and try to entice them to sell. Wonder who that could have been? The one constant in all of these are the somewhat helpless fans, sitting on the side watching the to-Ing and fro-Ing being played out. We've escaped all this (for the foreseeable future at least). ChunkeyMonkey

10:20am Sat 12 Jan 13

Bush Hornet says...

jasonwatford wrote:
just email the author bushhornet..he replied straigt way to me and sent me a copy in post....i hear waterstones in hemel hempstead had last copies left,
Ta Jason but gonna take LD up on his kind offer
[quote][p][bold]jasonwatford[/bold] wrote: just email the author bushhornet..he replied straigt way to me and sent me a copy in post....i hear waterstones in hemel hempstead had last copies left,[/p][/quote]Ta Jason but gonna take LD up on his kind offer Bush Hornet

10:39am Sat 12 Jan 13

Oracledave says...

Play-Off Pete wrote:
Hmmm. In April 2012 I received a phone call from an outfit in the USA asking if I wanted to sell my shares in Watford Leisure. I went along with it, expecting it to be a scam but was determined to find out more, e.g. how they got my personal details. They emailed me a non-disclosure agreement following which I decided to find out as much as I could. The whole thing was clouded in secrecy and I couldn't make much progress. At this point I emailed the Watford Observer - in confidence - and told them what I knew, asking if they could add anything.
They couldn't.
So ... it's been interesting watching what's happened during the past few months, with clearly far more to come out!!!
This is nothing to do with Watford. These people check out company lists to identify shareholders. They then say that a takeover is imminent and offer way above market rate for the shares.

Then the sting ! You are asked to pay a registration fee before the purchase is completed. Then nothing. Bingo - the scam is complete !
[quote][p][bold]Play-Off Pete[/bold] wrote: Hmmm. In April 2012 I received a phone call from an outfit in the USA asking if I wanted to sell my shares in Watford Leisure. I went along with it, expecting it to be a scam but was determined to find out more, e.g. how they got my personal details. They emailed me a non-disclosure agreement following which I decided to find out as much as I could. The whole thing was clouded in secrecy and I couldn't make much progress. At this point I emailed the Watford Observer - in confidence - and told them what I knew, asking if they could add anything. They couldn't. So ... it's been interesting watching what's happened during the past few months, with clearly far more to come out!!![/p][/quote]This is nothing to do with Watford. These people check out company lists to identify shareholders. They then say that a takeover is imminent and offer way above market rate for the shares. Then the sting ! You are asked to pay a registration fee before the purchase is completed. Then nothing. Bingo - the scam is complete ! Oracledave

12:05pm Sat 12 Jan 13

Harrydownunder says...

We should all get together and take bankrupt to court for taking our shares!!!
We should all get together and take bankrupt to court for taking our shares!!! Harrydownunder

12:20pm Sat 12 Jan 13

lutondown says...

Bush Hornet wrote:
jasonwatford wrote:
just email the author bushhornet..he replied straigt way to me and sent me a copy in post....i hear waterstones in hemel hempstead had last copies left,
Ta Jason but gonna take LD up on his kind offer
Wonder how many sold?
[quote][p][bold]Bush Hornet[/bold] wrote: [quote][p][bold]jasonwatford[/bold] wrote: just email the author bushhornet..he replied straigt way to me and sent me a copy in post....i hear waterstones in hemel hempstead had last copies left,[/p][/quote]Ta Jason but gonna take LD up on his kind offer[/p][/quote]Wonder how many sold? lutondown

6:00pm Sat 12 Jan 13

Bringe says...

Oracledave wrote:
So the Baz claim is that the Russos acquired 50% ownership in the club without any director presence or other say in the running AND stayed schtum when the Pozzo takeover was going through !? Er, I don't think so.

Either way seems we'll all soon be down the Red Lion enjoying a Lasagne washed down with a nice Valpolicella with genial hosts Vince and Jimmy (salad bar free of course)
"nice" Valpolicella?!?! %P
Are you nuts, whatever next chavvy Lambrusco?
They do make some great other wines though although the best nearly always stays in Italy or gets shipped to New York.
[quote][p][bold]Oracledave[/bold] wrote: So the Baz claim is that the Russos acquired 50% ownership in the club without any director presence or other say in the running AND stayed schtum when the Pozzo takeover was going through !? Er, I don't think so. Either way seems we'll all soon be down the Red Lion enjoying a Lasagne washed down with a nice Valpolicella with genial hosts Vince and Jimmy (salad bar free of course)[/p][/quote]"nice" Valpolicella?!?! %P Are you nuts, whatever next chavvy Lambrusco? They do make some great other wines though although the best nearly always stays in Italy or gets shipped to New York. Bringe

8:58pm Sat 12 Jan 13

@ChrisBottom16 says...

lutondown wrote:
tangoelite wrote:
I wonder what GT & Chris Bottom think about all this?
Nice new name.
I will tell you what i think, i think the russo's should give me 4 million pounds because i am a more sound character than baz!
[quote][p][bold]lutondown[/bold] wrote: [quote][p][bold]tangoelite[/bold] wrote: I wonder what GT & Chris Bottom think about all this?[/p][/quote]Nice new name.[/p][/quote]I will tell you what i think, i think the russo's should give me 4 million pounds because i am a more sound character than baz! @ChrisBottom16

9:00pm Sat 12 Jan 13

@ChrisBottom16 says...

LET'S NOT FORGET THAT THE FOOTBALL LEAGUE CLASSED BOTH SETS OF THESE PEOPLE AS 'FIT AND PROPER PEOPLE'... THERE'S THE REAL CRIME!
LET'S NOT FORGET THAT THE FOOTBALL LEAGUE CLASSED BOTH SETS OF THESE PEOPLE AS 'FIT AND PROPER PEOPLE'... THERE'S THE REAL CRIME! @ChrisBottom16

9:30pm Sat 12 Jan 13

Play-Off Pete says...

Seriously though, weren't shareholders (the majority of them fans probably) offered a penny per share???
Seriously though, weren't shareholders (the majority of them fans probably) offered a penny per share??? Play-Off Pete

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