From the Chairman denying it yesterday(paper going to press)
Watford Observer
to:
Watford have received "a tentative approach" from a party interested in a takeover, the Championship club's board have confirmed.
However, the play-off chasers have denied that any formal offer has been made or is imminent.
A Hornets statement read: "The board confirms that it 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."
More soon.
source: BBC Football