Watford chairman Graham Taylor expects new owner Laurence Bassini to adopt a more hands-on approach at Vicarage Road.
Taylor, 66, who twice led the Hornets to the top flight as manager, accepts the club are going through a period of transition after chief executive Julian Winter left on Thursday.
Taylor said: "Julian was a first-class chief executive for Watford Football Club and I'm sorry to see him leave. Let's not forget that he was put in a position where he was effectively running the club, with the previous owner, Lord Ashcroft, happy for that to happen."
He added: "So Julian did very well. He took on the whole operation and became a very well-respected figure both within Watford and in wider football circles."
"When a new owner comes into any football club, and Watford is no exception, he has a right to change how things are done. That is an owner's right. Laurence wants to be involved with all the decision making so Watford FC is effectively becoming an owner-managed club.
"Watford Football Club is going through a period of change, that's for certain. Whenever any club is taken over there's always a settling-in period for both the new owner, the staff and, most importantly, the supporters."
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