Vital Football

Latest Watford FC News

UPDATED: Football League charge Hornets & Bassini

UPDATED: Football League charge Hornets & Bassini

The Football League have charged both Laurence Bassini and Watford with misconduct.

The charge relates to two alleged transactions in 2011 between Watford and finance company LNOC Limited.

The news was broken on Twitter last night by The Watford Observer, @Observer_Owl on Twitter.

@Observer_Owl 'Football League charge #WatfordFC former owner Laurence Bassini and club with misconduct.'

@Observer_Owl 'Football League seek order disqualifying former #WatfordFC owner from being director of football club.'

@Observer_Owl 'Former #WatfordFC owner Laurence Bassini says Football League charges are being defended 'vigorously`'

The alleged transactions came as two instalments of £500k from the deal which took Danny Graham to Swansea City and a further third transaction of two promissory notes both worth £900k in exchange for £1.66m advance from LNOC.

It is claimed that if the Hornets did not pay the two notes, LNOC would have been entitled to £1.8m from the Football League 'pool' account.

The Club contravened Football League rules when it did not inform the League's governing body within an initial 24 hour period.

As Watford did not seek League approval for the initial transactions in relation to the Graham deal, and failed to receive approval as a result, leading to a charge on two accounts.

Swansea subsequently made a £500k payment to Watford before making their second payment of £500k in February 2012.

However, as of September 2011, it has emerged that the Hornets should have been under a transfer embargo as clubs who agree deals with third parties to receive some or all of their Football League 'pool' money are subject to a transfer embargo until an agreement has been stuck and ratified by the Football League.

The Football League are also looking to disqualify Bassini from being a director at a football club for an as yet undetermined period of time.

Neither Watford Football Club nor the Football League have released a statement as yet.

PLEASE take care not to post any comments or intimate anything which could be construed as libellous or they will be taken down.



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

Writer:Tom Bodell
Date:Thursday November 29 2012
Time: 9:22PM

Comments

0
I guess the punishments for the club could be points deduction or and fine, it's case of wait and see with what the charges relate too. Great shout to Kevin Affleck as he has been proven right.. As for the low life! I think we can all agree on our thoughts about him...
ANDY710
30/11/2012 00:44:00
0
Yup. We shall have to wait & see, but we've all seen clubs deducted points for financial issues. Hoping against hope it's just a fine/a slap on the wrist.
wfc123
30/11/2012 10:32:00
Page 1/1
  1. 1

Login to post a comment

Best of Vital Network

Vital Boxing - Lewis Tips Joshua to Win

Vital F1 - Blog: Sochi Preview

Recent Watford Articles

Player & Goal Of The Season Voting Open

Watford have today opened voting on the Player of the Season and Goal of the Season awards, with the former renamed the Graham Taylor Player of the Season Award.

More Reliable Than An Octopus 2016/17? (24/4/17)

A new season, a new special computer crunching the numbers to determine the final Premier League positions for 2016/17.

Vital View - Premier League, 22nd-23rd April 2017

Chelsea & Tottenham weren't in action so it was Champions League and relegation spots up for grabs - Sunderland & Middlesbrough are virtually down but Swansea have a chance.

Silly Mistakes Cost Us - Mazzarri

Head coach Walter Mazzarri has blamed avoidable errors in both boxes for Watford's defeat to Hull City at the weekend.

Archived Vital Watford Articles

Vital Watford articles from

Site Journalists

Write for Vital Watford
Write For Vital Watford
Apply Here

Current Poll (see more polls)

Hull MotM
Suggested By:
Gomes0%
Janmaat50%
Prodl0%
Britos50%
Holebas0%
Cleverley0%
Doucoure0%
Amrabat0%
Capoue0%
Niang0%
Deeney0%
Sub-Success0%
Sub-Okaka0%
Sub-Zuniga0%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
1 Chelsea 33 25 3 5 78 40
2 Spurs 32 21 8 3 71 46
3 Liverpool 34 19 9 6 66 28
4 Man City 32 19 7 6 64 28
5 Man Utd 32 17 12 3 63 26
6 Everton 34 16 10 8 58 23
7 Arsenal 31 17 6 8 57 23
8 WBA 33 12 8 13 44 -3
9 Southampton 32 11 7 14 40 -5
10 Watford 33 11 7 15 40 -17
11 Stoke 34 10 9 15 39 -13
12 Crystal Palace 33 11 5 17 38 -7
13 AFC Bournemouth 34 10 8 16 38 -14
14 West Ham 34 10 8 16 38 -15
15 Leicester City 32 10 7 15 37 -12
16 Burnley 34 10 6 18 36 -16
17 Hull City 34 9 6 19 33 -31
18 Swansea 34 9 4 21 31 -29
19 Middlesbrough 33 4 12 17 24 -20
20 Sunderland 32 5 6 21 21 -32
Vital Football Comment
Latest F1 News
Latest Vital Boxing News
Write for Vital Football

Recent Watford Results (view all)

Watford Fixtures (view all)

May 1 2017 8:00PM : Liverpool (H)
Barclays Premier League
May 6 2017 3:00PM : Leicester City (a)
Barclays Premier League
May 13 2017 3:00PM : Everton (a)
Barclays Premier League
May 21 2017 3:00PM : Manchester City (H)
Barclays Premier League
The Vital Football Members League