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Bassini leases out Red & Yellow Lion

Former Watford owner Laurence Bassini is no directly longer involved with the Red & Yellow Lion, it has today been revealed.

However, the Stanmore-based businessman has agreed to lease the pub to the men who helped him restore the pub to a usable condition.

There had been suggestions that Bassini would retain control of the pub after selling the club to the Pozzo family and he admitted at that time that the option was on the table.

But, several months after ending his involvement with the club it has been announced by The Watford Observer that Bassini has agreed a 25-year lease with Dave Hashani, who helped restore the pub, and Chris Price who managed it when the club still owned it.

Though further details are sketchy, Hashani & Price do have the option to buy the freehold to the pub within 12 months.

Speaking to The Watford Observer, Price said his main intention was to return the pub to Watford supporters:

"This is a fresh start with a new company and we want to state for the record that Laurence Bassini is no longer involved with the Yellow and Red Lion and will not be receiving any profits from the pub.

"When the takeover happened I left and the pub was left in limbo. We have been trying to get the lease and along with Dave, we have managed to do that."




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The Journalist

Writer: Tom Bodell Mail feedback, articles or suggestions

Date:Thursday September 13 2012

Time: 6:34PM

Your Comments (oldest first)

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These guys still have to pay and the money goes to B. When he signs over the freehold, then I will drink in there. [Edited by wfc123]
ANDY710
Report Abuse
13/09/2012 22:04:00

Great mentality there ANDY710. Pretty sure the idea is that if the pub is a success they will then decide to purchase the freehold. If fans decide to boycott the pub due to the fact Bassini is still involved will only go to completely destroy Hashani & Price's vision for the pub...
@chrisbratt
Report Abuse
14/09/2012 08:10:00

That's my view Chris, if it upsets you and others then so be it, I'm entitled with others to choose what venue I want to drink in.
ANDY710
Report Abuse
14/09/2012 08:39:00

 

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