Rinat Akhmetov is understood not to be the man interested in buying Watford Football Club.
Akhmetov, ranked 451 among The World's Richest People in 2006 and president of Shakhtar Donetsk, has been touted as the Ukrainian attempting to takeover the Vicarage Road club, but the Watford Observer understands he is not the mystery bidder.
Talks between representatives of the club, Seymour Pierce Ellis - the company brokering the deal - and a multi-millionaire Ukrainian remain ongoing and are thought to be at an advanced and sensitive stage.
For the full story see this week's Watford Observer
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