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UPDATED: Pozzo's complete takeover

UPDATED: Pozzo's complete takeover

The Watford Observer are this morning reporting that the Pozzo family takeover has been completed.

There is as yet no official word from the club but an announcement is expected later today to usher in the new ownership.

Gino Pozzo, son of Giampaolo, will run the club on a day-to-day basis and it is expected that ex-West Ham figures Scott Duxbury, Gianluca Nani and Gianfranco Zola will all be involved in the new configuration of the football club.

talkSPORT are this afternoon reporting that Zola could be joining Italian Serie A side, Sampdoria.

Ex-Liverpool boss Rafa Benitez appears to have pulled out of the running for the Sampdoria post and Zola is believed to be the new target. How much truth is in that remains to be seen.

Administrator Andew Andronikou, who has been involved with Portsmouth down the years, this afternoon told BBC Sport that the takeover had been completed: "We are delighted to have ensured that Watford's immediate future is safe.

"The family have a proven track record of building successful teams on the field, and balancing the books off it.

"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."

Sky Sports News chief reporter Bryan Swanson has also been tweeting on the deal:

@skysports_bryan "Watford bought by SPV controlled by Pozzo family. SPV is a Special Purpose Vehicle - new company set up to buy club. ‪#watfordfc‬"

As soon as there is an official statement, Vital Watford will bring it to you.

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

Writer:Tom Bodell
Date:Friday June 29 2012
Time: 10:59AM

Comments

0
is there a buzz about this around Watford, was it needed, are they the right people etc?
The Fear
29/06/2012 11:01:00
0
Yes, yes & yes! They've got a proven record with football clubs (Granada & Udinese) and they aren't the ever-unpopular Laurence Bassini, so they're already onto a winner - as long as they don't bin Sean Dyche in favour of Zola!
wfc123
29/06/2012 11:03:00
0
Can't see Dyche staying..
watford1881
29/06/2012 11:07:00
0
No, hate to say it, but neither can I. Pozzo's been quoted as saying Zola is involved/in talks & assuming they say the right things, i.e. money will be invested in the playing staff & we've got an enormous plan for the club, he'll be keen to sign I reckon...
wfc123
29/06/2012 11:17:00
0
Official watfordfc.com says deal done....
watford1881
29/06/2012 15:49:00
0
I can see Dyche staying, These guys have been watching football for a long time, they have been interested in us since I think Feb, so yes they are entitled to do what they think is best, but Dyche's comments a few back, after being linked with Birmingham etc, suggest that they had already indicated to him that his job was safe, it was Dyche who said Loyalty cuts both ways, thats how I see it and given the backing, i feel its a step forward.
ANDY710
29/06/2012 16:38:00
0
Certainly hope you're right, Andy.
wfc123
29/06/2012 17:14:00
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