Watford have released a statement stressing their potential takeover by the Pozzo family remains on track.
The announcement comes after current owner Laurence Bassini claimed earlier today the deal was off, stating the interested party "don't have the money". However, the npower Championship club have now moved to set the record straight.
"Despite the recent remarks, the deal for the sale of Watford FC to the Pozzo family is progressing nicely," a club statement read.
"There is no issue with funds and both parties are hoping to conclude shortly."
The Hornets confirmed earlier this week they had agreed a deal in principle to sell the club to the Pozzo family.
The Italians already own Serie A side Udinese and Spanish team Granada and looked well poised to take the reins at Vicarage Road, with Gianfranco Zola even heavily linked with a prospective role at Vicarage Road.
But Bassini, who bought the Hertfordshire outfit 15 months ago, told the Watford Observer on Friday afternoon: "They don't have the money (I want for the takeover) so I'm not doing the deal.
"They didn't provide the proof of funds and it is not transparent enough so that is that. They have so many partners but they don't have the money.
"The deal is definitely off. They do not have the money. What can I do?"
However, this evening that appears not to be the case and the deal is on course to be completed.