Laurence Bassini

Laurence Bassini (aka 'Bankrupt Baz'; 'The Red Helmet'; 'Helmet Head') is a Stanmore based English businessman and former Chairman of Watford Football Club.

Bassini, formerly Bazini, took over Watford Football Club in a £440,000 takeover on 31 May 2011 when the club's previous parent company Watford Leisure PLC was de-listed from the London Stock Exchange and became Watford Leisure Limited.

Prior to taking over at Watford Bassini had been made bankrupt in 2007 following the failure of his business The Fox at Ibstone near High Wycombe, Buckinghamshire, which he blamed on his father. Bassini was bankrupt for about a year and it was during this time that he changed his name to Bassini to have a "fresh start".

Whilst chairman of Watford Bassini had been due to meet with fans at the annual Fans Forum on 8 November 2011 but cancelled at the last minute citing ill health. He then cancelled a subsequent local radio phone in on 22 November 2011, again at the last minute and again due to 'ill health'.

Bassini's tenure at Watford will forever be remembered as a period of clown-like incompetence and financial impropriety culminating in the comical 'Safegate' scandal when just prior to the sale of the club in June 2012 Bassini called the Police after an employee refused to hand him the keys to the club safe. He'll also be remembered for always wearing a ridiculous red builders helmet whenever he gave an interview to the local paper.

In June 2012, 13 months after he bought the club, Bassini sold Watford Football Club to Giampaolo Pozzo, owner of Udinese and Granada.

In November 2012 it was announced the $1.5m Bassini owed to Watford Football Club for 'cash advances' was unlikely to be repaid.

In March 2013 an independent disciplinary commission found Bassini guilty of misconduct and dishonesty over financial dealings on behalf of Watford and banned him from being involved in a position of authority with any Football League club for three years. The commission found he had been "dishonest in his dealings with the league and with his fellow directors" and "practised secrecy and deception" when he told neither the league nor the other members of the Watford board about his secret forward financing arrangements.

Following Watford's defeat to Crystal Palace in the 2013 Championship play-off final, Bassini sent a series of gloating texts to local newspaper Watford Observer, reveling in his joy at their loss. He has been described as a 'ugly, arrogant, and pathetic individual' by all that have come into contact with him. After the paper published details of his texts, Bassini made a number of legal threats via his Twitter account, none of which ever materialised.

In July 2013 Bassini added to his list of business failures when the High Court ordered his company Watford Leisure Limited be placed in liquidation.

In March 2014, Bassini lost a High Court battle against the Russo brothers. The former Watford FC directors claimed that they were owed more that £3.5m by Bassini. He was ordered to pay the sums of £3.5 million and £135k (plus an additional £568k in interest and £150k in costs); a total of £4,353,000. He has been told that he cannot appeal.

During the trial, in which he was described as 'evasive' and a maker of 'empty threats', the court heard Bassini had made numerous accusations of conspiracies against him without providing any evidence. Among these were that the Russos still secretly owned half Watford FC with the Pozzo family and were orchestrating a campaign against him. Unsurprisingly Bassini, who had been in court for the whole trial, left before the end after complaining of 'feeling dizzy' following 'a slip' on the High Court steps.

In June 2014 Bassini further demonstrated his distinct lack of integrity when he was made bankrupt for the second time. The bankruptcy order was made after Bassini failed to pay the paltry sum of £37,500. During the hearing Bassini claimed not to own any property despite receiving over £1.5m in cash advances from Watford during his tenure.