Welcome to The Trawler, your weekly submersion through the teeming waters of life in the Championship, League One and League Two. You might be surprised what you find down there.
Italian owners for Watford
Not content with owning England's national team in their Euro 2012 quarter-final, the Italians are moving in at Championship side Watford.
Italian businessman Giampaolo Pozzo, whose family also owns Serie A side Udinese and Spanish club Granada, has agreed terms for a takeover at Vicarage Road. The deal is expected to be completed before the start of the new season.
A statement on Watford's official website read: "The board of directors, acting on behalf of Watford Football Club, is pleased to confirm that agreement has been reached in principle for the transfer of ownership to the Pozzo family. Representatives from the family have been in discussions with Watford Football Club and both parties have agreed initial terms."
Watford finished a respectable 11th in the Championship last season, under new manager Sean Dyche.
Bruce keen on Man United pair
Hull City manager Steve Bruce is reportedly keen on raiding his former club Manchester United for youngsters Michael Keane and Ryan Tunnicliffe.
Defender Keane and midfielder Tunnicliffe, both 19, would be offered first-team experience if they joined Championship side Hull on loan, along with the chance to learn under a manager Sir Alex Ferguson knows better than most.
Kean to stay at Blackburn
Steve Kean appears set to stay in charge at Blackburn next season, despite overseeing their relegation from the Premier League and incurring the wrath of a good number of Rovers fans in the process.
Shebby Singh, Rovers' new director of football, has also indicated that money will be available for new transfers. "As far as I am aware and as far as I know, there are funds available to bring in the right sort of characters and the players with the right sort of characteristics for the team," Singh said.
Rovers are set to secure a deal for 35-year-old Fulham midfielder Danny Murphy, despite interest from Queens Park Rangers, and there may be more arrivals on the way. The Daily Mail cites Newcastle pair Dan Gosling and Leon Best as possible targets for Kean.
Coventry embargo lifted
The Football League has lifted Coventry City's transfer embargo, allowing the League One club to trade for the first time since March.
Coventry received the punishment after failing to submit their accounts in March, and were relegated from the Championship a couple of months later. The decision to lift the embargo has given the Sky Blues fresh hope as they target a bounce-back promotion next season.
"Lifting the embargo will provide a big boost for everyone at the club," chief executive Tim Fisher said. "Andy Thorn and Steve Waggott can now push on with implementing the squad plans they have worked so hard to put together in readiness for this decision."
United 'keeper joins Brighton
Brighton have signed Polish goalkeeper Tomasz Kuszczak from Manchester United on a free transfer. The 30-year-old had been pushed to the fringes at United and is targeting a new start at The Amex next season, where he will likely be Gus Poyet's first-choice shot-stopper in the Championship.
"Everything is geared up for playing at the highest level and I could sense that ambition to be a top club straight away," Kuszczak said of the Seagulls following his move.
Derby put the shackles on Shackell
Highly-rated Derby County defender Jason Shackell is being hotly pursued this summer, but thus far to no avail. "We've turned down four bids from three different clubs on Jason at this point," Rams chief executive Tom Glick said.
Derby manager Nigel Clough has said he'd be willing to part with Shackell, but only for a high price that would allow him to finance a number of other moves in the market.
Di Canio corner
Paolo Di Canio has been his usual talkative self this week. Of England's campaign at Euro 2012, he said, amongst other things: "(Roy) Hodgson is an old fox and they look like an Italian team from the '80s."
And then there was the work he did in convincing Tommy Miller to join his quest for back-to-back promotions with Swindon, after the midfielder was released from Huddersfield.
Here's what the 33-year-old Miller had to say about Di Canio making his mind up: "The way Paolo is talking, he wants promotion next season. He's not happy just to get to the next level. He wants to go even higher and that was one of the reasons I decided to come."
Torquay manager blasts winger
Torquay boss Martin Ling has read the riot act to 20-year-old winger Lloyd Macklin, who the club have transfer-listed this summer. According to Ling, the youngster is spectacularly failing to live up to his potential.
"We have had no interest in Lloyd, which doesn't surprise me, and I hope Lloyd and his agent are reading this," Ling said. "He needs to pull his finger out and get on with his career."