Watford FC takeover a step closer

Published : 10 Mar 2011 11:46:02

A takeover of Watford has moved a step closer after an offer of £440,000 was launched on the stock exchange.The club's parent company Watford Leisure Plc has received the bid from Watford FC Ltd, a company set up by surgeon Panos Thomas. Thomas's company is being financed by entrepreneur Laurence Bassini, who will provide £3.5m of working capital should the bid succeed. Watford FC Ltd was set up in January with the aim of buying the club. The offer, which values the club at 1p per share, h.... read more