Sports surgeon Panos Thomas is fronting a bid to buy Watford. The knee specialist was forced to spell out his intentions by the Takeover Panel. His consortium is financed by North London entrepreneur Laurence Bassini. A 1p a share offer is being contemplated. The AIM listed company’s shares were trading at 9p at the end of last week.
Sports surgeon Panos Thomas is fronting a bid to buy Watford. The knee specialist was forced to spell out his intentions by the Takeover Panel. His consortium is financed by North London entrepreneur Laurence Bassini. A 1p a share offer is being contemplated. The AIM listed company’s shares were trading at 9p at the end of last week.
Lord Ashctoft, who owns 44 per cent of Watford Leisure, saved the club from administration with an emergency £6.5m loan in 2009 and has been trying to find new investors ever since. A 30 per cent stake is owned by the Russo brothers who fell out with Lord Ashcroft and tried to push the business into administration.