Udinese patron Giampaolo Pozzo and his family have completed their takeover of English Championship side Watford.
Reports first broke of Pozzo’s interest in the Hornets just under two weeks ago and today, confirmation has arrived that a deal to buy the Hertfordshire club has now been completed.
“The goal is to repeat across the Channel, through experience gained in recent years, the successes of Udinese Calcio, which remains the model for inspiration and the heart of every project,” read a brief statement released by Zebrette President Pozzo today.
Meanwhile, a key advisor during the takeover has also commented on what the deal meant for the English side.
“We are delighted to have ensured that Watford F.C.'s immediate future is safe, and the fans can now focus on what we hope will be a successful 2012-13 season on the pitch,” read a statement from Andrew Androniku, a partner at accountancy group UHY Hacker Young.
“'The Pozzo family has a proven track record of both building successful teams on the field, and balancing the books off the field. This transaction is a significant one as it provides the Pozzo football dynasty with a secure platform to introduce its successful formula to the UK.
“We feel that today's sale is an excellent outcome for both sides and it provides the club with stability moving forward. We wish Watford every success and look forward to seeing the team build on the improvement we saw last season.”
Former West Ham technical director Gianluca Nani will head up operations at Vicarage Road in the same role and will be assisted by former Hammers colleague and chief executive Scott Duxbury. Strong speculation in the English Press has linked Gianfranco Zola, who worked under both at West Ham, with the manager’s position.
Watford, who were last in the Premier League in 2006-07, are now the third club to be owned by the Pozzo family, after Udinese and Spanish Primera Division outfit Granada.