Raffaele Riva announces he will stand down as Watford chairman, insisting he has done nothing wrong.
Watford chairman Raffaele Riva is to stand down from his position "to focus on other business interests".
The news comes after the English Football League (EFL) last month announced it would look into claims made by the Daily Telegraph that the club allegedly forged a document relating to Gino Pozzo's purchase of Watford in 2014.
Watford have also launched their own investigation into the incident and Riva, who denies any wrongdoing, has now decided to relinquish his duties, with CEO Scott Duxbury confirmed as his successor.