Birmingham City takeover: what is Laurence Bassini’s net worth?

British businessman Laurence Bassini is expected to complete the takeover of Birmingham City.

However, it’s been reported that former Watford owner Bassini has been given a deadline of June 30 to complete a purchase.

The club’s owners have reportedly been getting frustrated as Bassini is yet buy-out BSHL’s largest shareholder, Vong Pech, who will sell his 21.64% stake in the club.

According to the Daily Mirror, Bassini has signed a ‘special price agreement’ (SPA) as part of a two year plan to buy the whole club, but the deadline to buy Pech’s stake will expire this week if the former Watford chairman fails to pay, the report claims.

But Bassini has reportedly exchanged contracts on a takeover at the club, and is confident of completing a deal which would see him replace Birmingham Sports Holdings Ltd (BSHL) as owner.

But how much is the former Watford chairman worth?

According to the Showbiz Corner (via LadBible) as of 2022, Bassini’s net worth is expected to be around $5 million (£4.1 million).

Bassini is best known for being the owner of Watford Football Club from 2011 to 2012.

He stated his business during that time was in property development.

According to The Guardian, Bassini borrowed millions from brothers Giacomo and Vincent Russo, to help him finance the Watford deal.

He took over Watford in a £440,000 takeover in May 2011 when the club’s previous parent company Watford Leisure PLC was de-listed from the London Stock Exchange.

After just 13 months’ in charge, Bassini sold the club to Gino Pozzo.

In March 2013 an independent disciplinary commission found Bassini guilty of misconduct and dishonesty over financial dealings on behalf of the Hertfordshire club.

He was subsequently banned from being involved in the Football League for three years.

A message from the editor: Thank you for reading. BirminghamWorld is Birmingham’s latest news website, championing everything that is great about our city - reporting on news, lifestyle and sport. Find out more about who’s who in the team, and our editorial values. We want to start a community among our readers, so please follow us on Facebook,Twitter and Instagram, and keep the conversation going.