Watford takeover falls through reveals current owner
Friday 22 June 2012
Watford's potential takeover by the Pozzo family is now off, according to current owner Laurence Bassini.
The Hornets, who are yet to make an official statement on the development, confirmed earlier this week they had agreed a deal in principle to sell the club to the Pozzo family.
The Italians already own Serie A side Udinese and Spanish team Granada and looked well poised to take the reins at Vicarage Road, with Gianfranco Zola even heavily linked with a prospective role at Vicarage Road.
But Bassini, who bought the npower Championship club 15 months ago, told the Watford Observer: "They don't have the money (I want for the takeover) so I'm not doing the deal.
"They didn't provide the proof of funds and it is not transparent enough so that is that.
"They have so many partners but they don't have the money.
"The deal is definitely off. They do not have the money. What can I do?"
Latest in Sport
Paul Scholes: Manchester United vs Liverpool - I don't understand why Brendan Rodgers was not more attacking against Basel
Jesus Christ plays for Chelsea - that's what one in five children thinks
Transfer Talk: Nemanja Vidic to return to Manchester United; Hazard to leave Chelsea; Sunderland want Radamel Falcao
Frank Warren column: Don't bet on Amir Khan landing pay day against Floyd Mayweather
Manchester United transfer news: Kevin Strootman move edges closer
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Shock poll shows voters believe Ukip is to the left of the Tories
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre