Watford news

Pozzo family buy Watford

June 29, 2012
By ESPN staff

The Pozzo family have completed their takeover of Watford football club, ten days after it was revealed they had struck a deal in principle for the purchase.

Udinese and Grenada owner Giampaolo Pozzo will assume control at Watford
PA PhotosUdinese and Grenada owner Giampaolo Pozzo will assume control at Watford

The Italians, who also own Serie A side Udinese and La Liga outfit Granada, will now take over ownership of the club from Laurence Bassini, who bought the club in 2011.

Andrew Andronikou, a partner at UHY Hacker Young, advised on the sale and he said: "We are delighted to have ensured that Watford FC's immediate future is safe, and the fans can now focus on what we hope will be a successful 2012-13 season on the pitch.

"The Pozzo family has a proven track record of both building successful teams on the field, and balancing the books off the field. This transaction is a significant one as it provides the Pozzo football dynasty with a secure platform to introduce its successful formula to the UK.

"We feel that today's sale is an excellent outcome for both sides and it provides the club with stability moving forward. We wish Watford every success and look forward to seeing the team build on the improvement we saw last season."

It remains to be seen if the change of ownership has an immediate impact on the running of the club, but there already reports that the family have lined up Gianfranco Zola as their desired manager.