Watford enter into takeover talks

03 December 2010 09:57
Watford have confirmed takeover talks are under way with a mystery buyer.Lord Ashcroft is in discussions over selling his stake in the Hornets' parent company Watford Leisure. [LNB]Ashcroft's company Fordwat is Watford's largest shareholder and a club statement said a deal would involve an offer for the whole business. [LNB]"[Talks are] at a very early stage and there can be no certainty that an offer for the company will be forthcoming," the statement added. [LNB]"A further announcement will be made in due course." [LNB]Fordwat possesses a little more than 37% of the club's shares, former chairman Jim Russo's Valley Grown Salads has almost 30% and Graham Simpson, also an ex-chairman, owns 16.79%.

Source: BBC_Sport