Former Watford FC owner Laurence Bassini did have the authority to borrow money for the club as he was its "de facto managing director", a High Court Judge has ruled.
http://www.thisislocallondon.co.uk/sport/sporttopstories/10829695.High_Court_judge__Bassini_had_authority_to_organise_Watford_FC_loans/
http://www.thisislocallondon.co.uk/sport/sporttopstories/10829695.High_Court_judge__Bassini_had_authority_to_organise_Watford_FC_loans/
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