2012 Giampaolo Pozzo - Imago
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Udinese owner agrees Watford takeover

Udinese owner agrees Watford takeover

By Reuters
Last update 19/06/2012 at 20:44 - Published on 19/06/2012 at 20:44
By Reuters - 19/06/2012 at 20:44

The owners of Italian Serie A club Udinese have agreed a takeover of Watford, the Championship club said in a statement.

Italian businessman Giampaolo Pozzo has owned Udinese since 1986 and his family bought Spanish team Granada three years ago.

The board of directors, acting on behalf of Watford Football Club, is pleased to confirm that agreement has been reached in principle for the transfer of ownership to the Pozzo family," a statement on the club's official website announced.

"Representatives from the family have been in discussions with Watford Football Club and both parties have agreed initial terms."

Based just north of London in the county of Hertfordshire, Watford were in the Premier League in 2006-07 but were relegated after just one season and have been in the Championship since.

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