Watford takeover talks continue

Last updated : 13 January 2011 By BBC Sport

But discussions are ongoing over the possibility of majority shareholder Lord Ashcroft selling his stake to a party who came forward in December.

The initial interest was revealed six weeks ago with Watford unable to comment under Stock Exchange rules.

In December the Hornets stated: "[Talks are] at a very early stage and there can be no certainty that an offer for the company will be forthcoming."

Ashcroft's company Fordwat is Watford's largest shareholder, possessing just over 37% of the club's shares.

The Hornets came close to entering administration in December 2009 but were saved when Ashcroft paid £4.88m to settle a debt with the departing former chairman Jim Russo.

Source: BBC Sport

Source: BBC Sport