Watford chairman resigns with immediate effect

Club are currently being investigated for allegedly supplying false financial information to the Football League

Watford chairman resigns with immediate effect

Picture by Daniel Hambury PA Archive/PA Images

The chairman of Premier League club Watford has resigned with immediate effect.

Raffaele Riva had held the role since 2012.

Watford are currently being investigated for allegedly supplying false financial information to the Football League.

It's claimed the club obtained a forged bank letter to provide proof of funds two years ago.

In a statement, Riva said he'll "fully refute, and protect vigourously my integrity against, any recent speculation."

He said: "I have decided to step down as Chairman of Watford FC in order to focus on my other business interests.

"For the past four years I have acted with honesty and in good faith in all my dealings on behalf of the club, and the club has developed and grown a great deal in this period.

"I fully refute, and will protect vigorously my integrity against, any recent speculation.

"It will always be a source of great pride and honour to have been Chairman during a period that has overseen such growth.

"Watford has done exceptionally well in the current season and I wish the club and its wonderful supporters nothing but future success."