Laurence Bassini has told fans if he completes a takeover of Watford “great things will come” and “you won't be disappointed”.

Bassini, who spoke exclusively to the Watford Observer yesterday, would not put a time frame on when a bid from himself and partner Panos Thomas would be made but did say should the takeover happen, then fans can look forward to a bright future.

Bassini said: “If an offer is forthcoming, there will be great things to come. Should an offer come in then there will be a plan.

“You won't be disappointed and you will like it. So lets wait and see.”

Bassini, who attended Queen Elizabeth's Boys School in Barnet, is 40 years old and separated from his wife, although he said they are still on friendly terms.

He grew up in North London and describes himself as an equity investor.

When asked how he made his money, Bassini said: “There are maybe 15 private companies that I invest in and put money into.

“I deal in property, I basically do deals as they come along. I am doing something now which will come out soon which is quite high profile. That will be something interesting.”

Very little can be found about Bassini and he was keen not to discuss which companies he is currently investing in.

But he did discuss his levels of involvement in three companies put forward by the Watford Observer.

Bassini, who was made bankrupt in 2007, stated he had no links to the company SEGRO, which has been linked in the past, but did confirm he was a “partner” with Phillip Green in PL Multitrade, which was dissolved in 1995.

He said: “I was involved with PL Multitrade, it was with Phillip Green, of British Home Stores. It was successful, I wanted to leave at the time because I wanted to do my own thing.

“I left it to Phillip and I think they closed it at that time, which was 20 years ago. We were partners together and I was 22, 23.”

It was rumoured Bassini had been involved with the Blooms Restaurant in Golders Green, which subsequently closed.

Bassini said he was not but did confirm his mother used to own the business.

He explained: “Blooms was not to do with me, it was to do with my mum.

“My mother had been going there for years as it was quite famous and well-known. They wanted to try and help it, to bail it out.

“They had it for a few years, tried everything but it was a bit old hat, it was old style food where people who used to go there were an older generation whereas now it is a young generation.

“So the grandparents and great aunts and uncles used to go but it has changed a lot so it closed.

“I didn't own that, my mother did. I think they still own the name to it.”

Bassini and Thomas made an announcement to the Stock Exchange last Friday confirming they were considering making an offer “at or around 1p per share but there was no certainty an offer would be forthcoming.”

The share price at the point of the announcement was around 9p but the offer is very likely to be considerably less because of the bond issue.

Should all of the 10.142m £1 bonds be purchased then the holder has the option of activating 202,840,000 new shares.