Bassini speaks out over potential takeover

Laurence Bassini has tonight revealed that he will sell the club to Giampaolo Pozzo, if the Italian can come up with the cash.

The Watford Observer also report that Bassini is under pressure to sell from the club's bond-holders - Lord Michael Ashcroft, Graham Simpson and David Fransen.

Bassini has also denied rumours that the club is being investigated by HMRC over unpaid taxes and National Insurance contributions.

In yet another twist, the Watford Observer has also revealed that a member of staff was suspended last week after refusing to give Bassini the keys to a safe.

Speaking to The Watford Observer of the incident, Bassini said:

"I asked for my keys to the safe. It is my safe.

'The employee wouldn't give them to me. I suspended that person and had the employee escorted from the building by the police."

Speaking of the potential takeover and rumours that the three bond-holders could take back the club, Bassini continued:

"The bondholders cannot take the club from me. I own the club. It is all nonsense.

"There are four people that are bidding for the club. Everything is for sale at a price but I don`t want to sell."

Bassini also denied that Pozzo was currently looking to buy the club, saying that Udinese owner had been interested back in February.

The Stanmore-based businessman was also quick to dispute suggestions that staff had been paid late. Bassini explained that staff were paid on May 30th, which is in line with their contracts which stipulate payments must be made 'around the end of the month'.

It's never, ever boring!

Click here to join in the debate on the club forum.