Owners of Udinese agree takeover of Watford
Tuesday 19 June 2012
The owners of Italian Serie A club Udinese have agreed a takeover of Watford, the Championship club said in a statement.
Italian businessman Giampaolo Pozzo has owned Udinese since 1986 and his family bought Spanish team Granada three years ago.
"Representatives from the (Pozzo) family have been in discussions with Watford Football Club and both parties have agreed initial terms," Watford said.
Based just north of London, Watford were in the Premier League in 2006-07 but were relegated after just one season and have been in the Championship (second division) since.
Watford enjoyed their best years in the early 1980s when singer-songwriter Elton John was chairman. The Hornets finished runners-up in the old first division behind Liverpool in 1983 and were beaten FA Cup finalists a year later.
Latest in Sport
- 1 Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
- 2 Disney heiress Abigail disowns her share of family profits in West Bank company
- 3 The secret report that helps Israel hide facts
- 4 'Women should not laugh in public,' says Turkey's Deputy Prime Minister in morality speech
- 5 Israel's propaganda machine is finally starting to misfire
The secret report that helps Israel hide facts
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
A day in the life of Vladimir Putin: The dictator in his labyrinth
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
Boozy, ignorant, intolerant, but very polite – Britain as others see us