Hornets
Club confirm 'tentative approach'
Watford Football Club have confirmed they are in discussions over the possible sale of the Vicarage Road club, following a story in today's Watford Observer.
A statement printed on the club's website today said: "The board of Watford notes the recent press speculation in connection with a possible offer for the Company and confirms that it's received a tentative approach and is in very preliminary discussions, which may or may not lead to an offer being made for the Company.
"There is no certainty that any offer will be forthcoming."
On Wednesday, chairman Graham Simpson said: "I can categorically say we have had no discussions with any investors.
"I wish we had an offer that was good I could consider. At this moment in time we have nothing."
Added Simpson: "The majority shareholder of this club is Michael Ashcroft and I have never had a conversation with him about selling this club.
"He has never given me any indication that he wishes to sell this club. I don't talk to Jimmy and Vince Russo. I am the other majority shareholder and I am more than comfortable running this club as it is at the minute."
The Watford Observer understands the club have met with at least one party interested in a takeover of the Vicarage Road club, and a second verbal offer is also believed to have been received.
It is understood a Ukrainian businessman and a Thai consortium are the two interested parties believed to have held negotiations to buy the club in recent weeks. One offer is thought to be as much as 70p per share, valuing the club at around £30m.
5:55pm Friday 25th April 2008
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CommentPosted by: Upper-Rous, Watford on 8:16am Sat 26 Apr 08
A Thai consortium? Sounds great.
Come on you Golden Lady Boys!
A Thai consortium? Sounds great.
Come on you Golden Lady Boys!
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