Vital Football

Latest Watford FC News

In the Supporters Trust, we trust!

In the Supporters Trust, we trust!

The Watford Supporters Trust have declared themselves to be in a state of "surprise and disappointment" with the recent article in the Watford Observer, suggesting the club was in financial meltdown and facing administration.

The Watford Observer ran a lead story on Friday which stated the Hornets board had informed gaffer Aidy Boothroyd that he needed to raise £10m by September 1 or run the risk of administration. The club have since confirmed they will be seeking legal advice against the local newspaper and have described the financial plight of the club as "a million miles away from that situation".

Many Glory Hornet followers have called for the Supporters Trust to throw in their 2-penny worth and they have duly obliged with a balanced argument that promises to delve deeper.

In a statement made by Trust board members Graham Sterry and Frances Lynn, the fans body said "We have no indication that the finances are in such a dire state as that asserted in the Watford Observer article".

They added "If the Watford Observer article is correct in its assertions then we have been grossly misled to a degree that would turn our own conclusions on their heads. If they are not, the Watford Observer has done Watford Football Club, its supporters and the local community a grave disservice".

The Supporters Trust have also confirmed that their treasurer Alice Arnold has been invited to examine the clubs finances again in light of the allegations.

A full version of the Supporters Trust statement can be found HERE




Join the FREE Telegraph Championship Fantasy Football League!

Click here to join in the debate on the club forum.

Writer:Dr Watford
Date:Tuesday July 29 2008
Time: 9:43AM

Comments

0
I won't be buying this crappy paper anymore.... They are making my club a mockery... I always thought the observer were bad. This just seals the deal....
watford1881
29/07/2008 16:10:00
0
As I said when the original story broke, I think the W.O are possibly pursuing a line to unsettle the current board in the interests of who I'm not sure, perhaps potential bidders.... There are clearly financial problems at WFC, we all know that, but let's hope they are well wide of the mark and it can be cleared up asap, because allegations such as these are most unhelpful to have hanging over us and will de-stablisie the club even more.
RFB-gloryhornetboys
29/07/2008 19:10:00
Page 1/1
  1. 1

Login to post a comment

Recent Watford Articles

A Sensible Xmas For 2017/18

Following the speculation that at least one Premier League tie would be moved to Christmas Eve, it has now been confirmed...

Officials - Chelsea v Watford (21/10/17)

The Premier League have now announced the Match Day officials that will take charge of the game between Chelsea and Watford this Saturday.

More Reliable Than An Octopus 2017/18? (18/10/17)

A new season, a new special computer crunching the numbers to determine the final Premier League positions for 2017/18.

Safe Standing Gets A Step Closer To The Premier League

Shrewsbury Town have now confirmed that they have reached their crowd funding target of £65,000 to create a safe standing section at New Meadow.

Archived Vital Watford Articles

Vital Watford articles from

Site Journalists

Write for Vital Watford
Write For Vital Watford
Apply Here

Current Poll (see more polls)

Chelsea v Watford
Suggested By:
Watford win0%
Chelsea win0%
Draw0%
ScoopDragon Premier League Network Sites
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Watford Results (view all)

Vital Football Comment