Watford's executive chairman Raffaele Riva has announced he will step down from his post, while the Premier League club have proclaimed their innocence in the light of recent allegations.
Both the English Football League and the club themselves launched investigations last month following allegations, reported in The Daily Telegraph, surrounding Gino Pozzo's sole takeover in 2014, and the alleged use of a forged banking letter.
The Hornets claim to have now concluded their own findings, which they will send to the EFL, and they stated the club "is not guilty of any wrongdoing", while the outgoing Riva said he "fully refutes, and will protect vigorously my integrity against, any recent speculation".
Source: PA
