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Watford set for takeover by the Pozzo family

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King Binny

Part of the Furniture
Honorary Member
Udinese-Granada-Watford co-operation? Interesting to see it work, for the clubs and bringing through of players. Granada earned promotion from Segunda Division and subsequently managed to win the relegation battle last season, with almost half a dozen of Udinese players on loan.

Watford have released a statement confirming the club’s board of directors have agreed a deal, “in principle” to sell the Hornets to the Pozzo family.

The family behind the Italian side Udinese and Spanish club Granada have been in advanced negotiations with Watford regarding a possible sale.

And Watford have in the last few minutes released a statement on the pending takeover.

It read: “The board of directors, acting on behalf of Watford Football Club, is pleased to confirm that agreement has been reached in principle for the transfer of ownership to the Pozzo family.

“Representatives from the family have been in discussions with Watford Football Club and both parties have agreed initial terms.”
 
are there rules goverening individuals / organisations owning more than one club ? Or is that only if they are playing in euro comps ?
 
FA Premier League Rules
Under the FA Premier League rules an owner of a football club or a director of a football club must adhere to the fit and proper test and must sign a declaration that they comply with this test. The fit and proper test applies to all directors and individuals holding over a 30% shareholding.

Accordingly anyone who owns or has the power to own a football club in the FA Premier League is regarded to fall outside the remit of the fit and proper test and unable to own another club.

UEFA Rules
The UEFA Rules were brought in following a high profile case in 2000 and were first established for the 2000/01 season. The rule prohibits two football clubs in which a person or a company has an interest from being admitted into the same UEFA club competition.

What is meant as having an interest in another club?
Having an interest in another football club has been defined as meaning the following:

The majority of the shareholders’ voting rights in another club in the same UEFA club competition

The right to appoint or remove a majority of the directors in another club in the same UEFA club competition

The majority of the shareholders’ voting rights (through a shareholders’ agreement) in another club in the same UEFA club competition

Following the initial implementation of these rules the Court of Arbitration for Sport (CAS) ruled fully on the UEFA rules stating that any shareholding of 50.1% or more would potentially breach the UEFA rules at point 1 above. Furthermore the CAS also added on a further situation which should fall within the UEFA rules – a person or a company would also be seen to fall foul of the UEFA rules when they can exercise a decisive influence over the decision making of another club.
 
To put you in the picture, the Pozzo`s own La Liga outfit Granada, who finished 17th last season extending their top-flight stay to a third season. Abbs explains the set-up in Andalusia: "The man overseeing the project in Granada as club president is Quique Pina, who recently announced that he would be remaining in his position following speculation he was set to quit. After a fairly low-level career as a player he moved into business and acted as an agent. Before being installed as Pozzo's man in Andalusia he'd had an ill-fated spell as owner of Ciudad de Murcia, who ultimately relocated to Granada as a rival club (Granada 74) before folding in 2009.

"It was Pina's friendship with Giampaolo's son, Gino, a fellow agent, that resulted in the Udinese owner investing in the original Granada CF (who have been in existence since 1931) that same year."

The Pozzo-Granada story has been one of success. Strolling along in Spain`s lower tiers, the Pozzo takeover not only saved the club but dragged it kicking and screaming back into the big-time. Abbs shares the story of Granada`s rise under Pina and the Pozzo`s: "Granada were drifting along in Segunda B (Spain's regional third tier) and in financial difficulties before Pozzo came along. The books were balanced and then they gained promotion to Segunda A (the nationwide second division) immediately in 2010 as runners-up to Barcelona B.

"Another promotion followed the year after, this time via the play-offs, and so after a 35-year absence Granada were back in the top flight for 2011/12. Some of Granada's football in the second division had been exhilarating - they were capable of breaking at phenomenal speed, scything through opponents at times - but after such a rapid rise there was, perhaps inevitably, a much more conservative air to them in the first half of last season.

"The defence remained relatively sound but the tactics of the then-coach, Fabri Gonzalez, became so negative that Granada were finding it alarmingly difficult to score goals. The board then acted decisively, sacking Fabri despite him being the man who'd taken the side up from Segunda B, and replacing him with former Atletico Madrid coach Abel Resino. Resino generally did a good job, reinvigorating some of the attacking players who'd been disenchanted during the first half of the season, but safety was only secured on the last day of the season and that was despite losing to fellow strugglers Rayo Vallecano. Resino and Granada have since parted company."

So what of the negatives - have there been any drawbacks to the Pozzo`s regime? ""Ticket prices have been high this season, as they have been across Spain. Granada's home stadium, Los Carmenes, still boasts one of the best atmospheres in the league despite holding a relatively modest 22,500, but with some tickets for the games against the bigger sides being hiked up to over €100 it hasn't been a cheap year for some supporters."

Abbs also mentions the loanee situation. With the Pozzo`s having 'over 100 players to choose from` as Bassini put it, a number migrate annually from Udine on a yearly basis to supplement Granada`s own talent: "Granada received a plethora of loan players from Udinese during their rise up the divisions. Some, like centre back Diego Mainz, who joined Granada in Segunda B and is still a regular in La Liga, were already based in Spain before being bought by Udinese and then immediately loaned to Granada. This is where Pina's Spanish contacts come in handy for Udinese, who have an extensive global scouting network.

Whether the Italian club will buy promising English talent and then park the players at Watford remains to be seen, but it's a sign that an influx of young Italian players to Hertfordshire won't necessarily be the case. Due to Udinese's worldwide contacts, loanees could come from any part of the world. Of course, there are many downsides to this reliance on players not permanently contracted to the club. The turnover in the squad is high and ultimately it's Udinese's decision what to do with the players on a season-by-season basis. Some English fans might have reservations about the identity of a team made up of players with only a transitory tie to the club."

In spite of that, Granada do still benefit from the relationship even if a player doesn`t cut the mustard in Udine, says Abbs: ' One interesting case to mention, though, is that of Guilherme Siqueira, a Brazilian left back who signed permanently from Udinese last summer and - after another sparkling season in Spain - could raise a tidy sum for Granada as a possible replacement for Jordi Alba at Valencia, if and when Barcelona complete a deal for the Spanish international. Of all the Udinese players who remain on Granada's books, or who have since moved on, he would undoubtedly be the biggest success story from a financial perspective if he is eventually sold this summer. Granada picked Siqueira up for nothing when his contract with Udinese expired, although the Italians could possibly benefit from a sell-on clause of up to 40%"

Finally, to clear up any confusion on the ownership of Spanish Segunda 'B` side, Cadiz C.F, the Pozzo`s do not own El Submarino Amarillo (we`ll let you do the translation!), says Abbs: "Gino Pozzo recently denied he has any intention of investing. Pina's father is the current chairman at Cadiz and they received several players on loan from Granada this campaign, most notably Ikechi Anya who was born in Glasgow and has previously played for Northampton Town (and Glenn Hoddle`s academy before joining Sevilla Atletico, the reserve side of Sevilla no less! - Ed)."
 
The news that Watford are about to come under the control of Italian owners can either be greeted as “oh, no, here come the match fixers” or, in a more sober light, an organisation with experience of turning a small-sized club into a success.

The Pozzos, after all, own Udinese, and of late Granada, who are for differing reasons are coming off positive seasons.

While Granada avoided relegation from La Liga on the last day, Udinese finished their campaign in a Champions League spot for the second consecutive year, with a third-place finish; holding off the likes of Napoli, Lazio and Inter – and this with Serie A shorn of a place in the competition.

The season previously the side from Fruili claimed fourth spot so their progress has been upwards, especially when they’re considered a selling club.

The spine of a team that had lit up the league with the free-flowing football was removed last summer: central defender Christian Zapata left for Villarreal, central midfielder Gokhan Inler switched to Napoli, while Alexis Sanchez made the big-money move to Barcelona.

Club owner Gianpaolo Pozzo, who generated his immense wealth in the less glamorous world of the manufacture of power tool accessories, turned a tidy profit on all three players who had originally cost next to nothing: Sanchez alone could end up bringing in €33million, while Inler’s fee was closer to €15m.

The transfers ensured Udinese remained in the black and, never one to plough money into bringing in expensive signings, Pozzo allowed the renewed scouting system to continue to unearth gems from leagues all around the world, but especially Central and South America.

In the meantime the next generation of talent continued where the last had left off – and now Mauricio Isla and Kwadwo Asamoah are set to join Juventus where once again the club’s bank account will be replenished.

The good citizens of this unfashionable north-eastern city and those of the Friuli-Venezia Giulia region in general are not a demonstrative bunch – Fabio Capello and Dino Zoff both hail from the area – and Pozzo, who is now 71, has moved through the corridors of the Italian football system since the mid-eighties remained guarded having been left battered and bruised on a few occasions.

There is one thing that Pozzo understands and that is that Udinese can never tilt at the title, but they can still give the big boys a run for the money, as they have demonstrated in recent seasons.

With scouts worldwide, the academy is of course one of the most impressive in the Italian set-up and while Watford should expect to be handed a number of promising youngsters and fringe players, the real gems will remain in Italy to be fast-tracked into the first-team squad.

For those who do not make the grade in Serie A then Watford could still find themselves with a number of talented performers: Granada had five Udinese-owned players in their squad last season and the player hailed as the “Messi of Romania”, Gabriel Torje, will make the switch this year having failed to really impress in his first season in the Italian game.

In reality, players moving in the opposite direction would probably be few and far between but no doubt facility would be made for Watford youngsters to gain valuable experience training in Italy or at least playing at the highly-developed youth level which takes players up to 20-years-old.

What the Championship side will gain is financial stability; with reports in the Italian press suggesting that up to €20 million will be invested in the Hornets, with Pozzo’s son Gino in control, backed by sporting director Gianluca Nani, who will be the bridge between the two clubs in terms of bringing in new players.

Gianfranco Zola has been approached to fill the manager’s role, further strengthening the Anglo-Italian link – which can only be seen as a positive in terms of playing style. Udinese have become known as “Little Barcelona” in the way they move the ball around quickly and for the number of goals they have scored inside the opposition penalty area.

While the main focus for Pozzo will always be Udinese, Watford can look to the relative success of Granada who had been out of Spain’s top flight for 35 years before Italian investment – and with promotion came the redevelopment of their Estadio Nuevo Los Càrmenes stadium which saw the capacity increased by 8,000.

Ground improvements will come hand in hand with on-field success but the new owners will have done due diligence on the prime geographical position Watford holds in relation to London. Still, that is a by-product of the big picture which is to expand the football side of the business away from Italy where Udinese know their place in the pecking order.
 
THE Club is today (Friday) delighted to confirm that the agreement for the transfer of ownership of Watford Football Club has been completed, subject to Football League approval.

The change will see the club owned by the Pozzo Family following Laurence Bassini's tenure at Vicarage Road.

Further information will be released soon here at watfordfc.com

The club would like to thank everyone for their patience and understanding during recent times and look forward to releasing further details in due course.

The Pozzo family are delighted to announce that Watford Football Club's takeover has been successfully completed: the trade, defined during last hours, prove the great passion for Football of the Pozzo Family, that wants, with this new adventure, to widen their horizons. The technical project will be in the care of Gianluca Nani, a manager with an international experience already established, and Scott Duxbury. The target is to repeat in England, thanks to the experience gained during last years, the successes of Udinese Calcio, which remains the model from which to be inspired and the heart of every project.
 
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