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===Pozzo family era=== In June 2012, [[Laurence Bassini]] completed the sale of the club to the Pozzo family ([[Gino Pozzo]] and his father). Following Dyche's sacking, the new owners brought in former [[Italy national football team|Italy]] international [[Gianfranco Zola]] to take charge.<ref name=zolajoins>Short, Paul (8 July 2012). [https://www.independent.co.uk/sport/football/football-league/zola-confirmed-as-watford-manager-7922452.html "Zola confirmed as Watford manager"]. ''The Independent''. Retrieved 14 July 2012.</ref> In the [[2012–13 Watford F.C. season|2012–13 season]] Watford finished third in the Championship, and reached the play-off final where they were defeated in the final by [[Crystal Palace F.C.|Crystal Palace]] 1–0 via an extra-time penalty by [[Kevin Phillips (footballer)|Kevin Phillips]]. The following season, [[Giuseppe Sannino]] replaced Zola, as their new manager and the team finished the season in 13th place. Sannino resigned at the start of the 2014–15 season and was replaced by [[Óscar García Junyent|Óscar García]], who left shortly afterwards for "health reasons". [[Billy McKinlay]] replaced him but, despite winning 4 points out of a possible 6 under his stewardship, after just eight days he too was replaced, by [[Slaviša Jokanović]]. With Jokanović managing the team, Watford finished second in the Championship, after being edged out on the final day by champions AFC Bournemouth, and were promoted.<ref>{{cite news|url= https://www.theguardian.com/football/2015/apr/25/brighton-watford-championship-match-report|title= Watford seal Premier League return as Brighton are put to the sword|date=25 April 2015|work=The Guardian|access-date=28 April 2015}}</ref><ref>{{cite news|url=http://www.espnfc.com/english-league-championship/story/2428642/championship-bournemouth-top-and-derby-denied|title= Bournemouth top and Derby denied |work=ESPN |date=2 May 2015 }}</ref> Watford did not renew Jokanović's contract and he was replaced by the Spaniard [[Quique Sánchez Flores]] ahead of the 2015–16 season.<ref>{{cite web |url=https://www.theguardian.com/football/2015/jun/05/watford-set-to-confirm-appointment-of-quique-flores-as-manager |title=Watford appoint Quique Sánchez Flores as manager |work=The Guardian |date=5 June 2015}}</ref> Under Sánchez Flores Watford finished 13th in the Premier League,<ref>{{cite web |url=https://www.mirror.co.uk/sport/football/news/watford-skipper-troy-deeney-slams-7979574 |title=Watford skipper Troy Deeney slams 'crazy' decision to sack Quique Sanchez Flores |first=Mike |last=Walters |work=[[The Daily Mirror]] |date=16 May 2016}}</ref> and reached the semi-finals of the [[2015–16 FA Cup|FA Cup]], ending Arsenal's bid to win the competition for three successive times,<ref>{{cite web|url=https://www.bbc.co.uk/sport/football/35738604|title=Arsenal 1–2 Watford |date=13 March 2016|work=BBC Sport|access-date=18 March 2016}}</ref> but were beaten 2–1 by [[Crystal Palace F.C.|Crystal Palace]]. Near the end of the season, in May 2016, Sánchez Flores and the club enacted a break clause in his contract, and he was replaced by Italian coach [[Walter Mazzarri]] who signed a three-year contract.<ref>{{cite web |url=https://www.thetimes.com/sport/football/article/no-break-clause-for-quique-sanchez-flores-as-he-replaces-javi-gracia-as-manager-at-watford-vgqlx9c2w |title=No break clause for Quique Sánchez Flores as he replaces Javi Gracia as manager at Watford |work=[[The Times]] |last=Jacob |first=Gary |date=9 September 2019 |access-date=9 August 2021 |url-access=subscription}}</ref> At the end of the next season, in May 2017, Watford finished 17th and Mazzari resigned,<ref>{{cite web |url=https://www.mirror.co.uk/sport/football/news/watfords-ruthless-owners-sack-another-10443654 |title=Watford's ruthless owners sack another manager in Walter Mazzarri — but will stick with their hire-and-fire approach |first=John |last=Cross |work=The Daily Mirror |date=17 May 2017 }}</ref> replaced by [[Marco Silva]].<ref>{{cite web |url=https://www.telegraph.co.uk/football/2017/05/27/watford-appoint-marco-silva-new-head-coach/ |archive-url=https://ghostarchive.org/archive/20220110/https://www.telegraph.co.uk/football/2017/05/27/watford-appoint-marco-silva-new-head-coach/ |archive-date=10 January 2022 |url-access=subscription |url-status=live |title=Watford appoint Marco Silva as new head coach |first=Sam |last=Wallace |work=[[The Daily Telegraph]] |date=27 May 2017}}{{cbignore}}</ref> The new coach was sacked after approximately six months, following interest from Everton, in January 2018, and the club hired [[Javi Gracia]].<ref>{{cite web |url=https://www.premierleague.com/news/601390 |title=Watford name Gracia as new head coach |publisher=Premier League |date=21 January 2018}}</ref> In April 2019 Watford came back from 2–0 down to beat [[Wolverhampton Wanderers F.C.|Wolverhampton Wanderers]] to reach the [[2019 FA Cup final|FA Cup final]] for the second time in their history, with [[Gerard Deulofeu]] scoring twice and [[Troy Deeney]] scoring a penalty in the 94th minute to take it to extra time.<ref>{{Cite news |date=2019-04-07 |title=Watford 3–2 Wolves: Deulofeu inspires stunning comeback to reach FA Cup final |language=en-GB |url=https://www.bbc.co.uk/sport/football/47763394 |access-date=2019-05-17}}</ref> They met [[Manchester City F.C.|Manchester City]] in the [[2019 FA Cup final|final]] and were defeated 6–0, a joint record margin of victory for an FA Cup Final. In the league Watford finished 11th, with 50 points, both club records for the Premier League era.<ref>{{Cite web |title=Premier League Table – Football |url=https://www.bbc.co.uk/sport/football/premier-league/table |access-date=2019-05-18 |website=BBC Sport}}</ref> After four games of being in charge in the 2019–20 season, Gracia was sacked due to poor form in the league. 30 minutes after he was sacked, former manager Quique Sánchez Flores was again appointed. He survived only until 1 December 2019 after getting only one win since his appointment in September. A caretaker manager was appointed for one game before [[Nigel Pearson]] came into management. Watford ended Liverpool's unbeaten run of 44 top-flight games in February 2020,<ref>{{Cite web |title=We should have seen Liverpool's defeat coming |url=https://www.espn.com/soccer/english-premier-league/story/4062829/liverpools-premier-league-streak-finally-ended-at-watford-does-it-change-anything-about-their-season |last=Ames |first=Nick |date=2020-02-29 |website=ESPN.com |language=en |access-date=2020-05-29}}</ref> but Pearson was sacked 2 games before the end of the season,<ref>{{cite news |last1=McGrath |first1=Mike |title=Nigel Pearson to be replaced as Watford manager for final two games of season |url=https://www.telegraph.co.uk/football/2020/07/19/nigel-pearson-replaced-watford-manager-final-two-games-season/ |archive-url=https://ghostarchive.org/archive/20220110/https://www.telegraph.co.uk/football/2020/07/19/nigel-pearson-replaced-watford-manager-final-two-games-season/ |archive-date=10 January 2022 |url-access=subscription |url-status=live |website=The Telegraph |date=19 July 2020 |access-date=19 July 2020}}{{cbignore}}</ref> and the club were relegated, finishing 19th out of 20.<ref>{{Cite news|last=Johnston|first=Neil|date=26 July 2020|title=Arsenal 3–2 Watford: Hornets relegated from Premier League on final day|work=BBC Sport|url=https://www.bbc.com/sport/football/53460584|access-date=26 July 2020}}</ref> Watford finished the [[2020–21 EFL Championship|2020–21 Championship season]] in second place, gaining immediate promotion back to the Premier League, but again finished the following season 19th out of 20 and were relegated back to the Championship.<ref>{{cite web |last1=Smith |first1=Emma |title=Watford relegated from the Premier League as defeat at Crystal Palace seals their fate |url=https://www.goal.com/en-us/news/watford-relegated-premier-league-defeat-crystal-palace/blt1219299365835c54 |website=Goal |access-date=7 May 2022}}</ref> On June 4, 2024, the Pozzo family decided to put up 10% of the club for sale under fan ownership in order to generate cash for the club.<ref>{{cite web |title= News: Watford FC To Offer Ownership To Fans |url=https://www.watfordfc.com/news/club/news-watford-fc-to-offer-ownership-to-fans |website=Watford FC |access-date=4 June 2024}}</ref>
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