Vital Football

Latest Watford FC News

Club: 'No cash crisis'

Club: 'No cash crisis'

In a lengthy statement on the club's official website - www.watfordfc.com - it has been confirmed that admidst growing rumours of financial troubles, the club is NOT heading towards administration.

The following are key points addressed in the statement:

- The club is not in any sort of 'financial crisis' nor are they heading towards administration.

- Recent player sales are to reduce a 'Premiership size wagebill'.

- The hotly disputed 'ring-fenced' money for the East Stand has been spent on redevelopment on the Rookery and Rous Stands. However, plans for the currently closed East Stand are only on standby.

- The club has recently paid off, in full a 'short term borrowing facility'.

- In the last week, a large chunk of this seasons, final, parachute payment has been recieved from the Premier League.

- Chairman Graham Simpson is still owed 600k by way of a loan to the club.

- Work on the South West Corner of the ground continues, despite delays.

Good news then really - just a shame about the communication breakdown between club-local rag-supporters!

Win FREE pizza with Vital Football!
Select your team and get 50% off if they score twice.
www.papajohns.co.uk/football




Join the FREE Telegraph Championship Fantasy Football League!

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

Writer:wfc123
Date:Thursday August 7 2008
Time: 7:15PM

Comments

0
Great, now can we get a striker ?
jackwebby
07/08/2008 22:52:00
0
I don't think this changes anything, except - as suspected - the WO were wide of the mark yet again with it's "facing administration" jibe. We are still short of cash for investment in the team and stadium and will remain as such until additional investment is obtained or a takeover happens. Sorry to keep banging on about it, but that's the bottom line. In the meantime we should lower our expectations for this coming season and support what we've got. Come On You Golden Boys!
RFB-gloryhornetboys
07/08/2008 23:07:00
0
I am going to give my full support to the team I love... I'm going to judge the team on the pitch... As long as the big nobs off do what's best long term for the club I will support them too...
watford1881
08/08/2008 01:06:00
0
It is funny that this statement is issued now, when henderson, *Shittu, and others have left the club!!! would they be saying the same if they had not left, oh and poor Simpson is still owed £600K, They still have not accounted where the majority of the money has gone! and i don't think they will. We have a team thats lacks a forward line and no strength in depth! I will always back my team, i just do not trust the board of directors!
ANDY710
08/08/2008 09:57:00
Page 1/1
  1. 1

Login to post a comment

Recent Watford Articles

Watford Battle With Middlesbrough For Espinosa

Watford and Middlesbrough will be go 'head-to-head' in the hopes of landing the Sporting Gijon free agent with it also reported Everton & Bournemouth are 'admirers' of Espinosa.

Mazzarri Targets Inter Milan Pair?

Reports say Watford are in for Inter Milan pair Juan Jesus and Davide Santon.

Who Will Watford Face In 2016/17 (29/5/16)

All promotions and relegations for the season of 2015/16 have been confirmed, so the full make up of the Premier League for 2016/17 is now known.

No More Quarter Final Replays For Watford

Should Watford progress through to an FA Cup quarter final from the 2016/17 season onwards, the game will no longer be subject to a replay.

Archived Vital Watford Articles

Vital Watford articles from

Site Journalists

Harry Welch
Editor email
Profile
KDCallanan
no email
Profile
chrisgwfc
no email
Profile
Colin Cowan
no email
Profile
Alex Moore
no email
Profile

Current Poll (see more polls)

Sunderland MotM
Suggested By: Site Staff
Gomes5%
Cathcart1%
Prodl1%
Britos0%
Ake3%
Abdi24%
Guedioura1%
Watson1%
Jurado2%
Ighalo1%
Deeney56%
Sub - Paredes2%
Sub - Suarez1%
Sub - Amrabat2%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
C Leicester City 38 23 12 3 81 32
2 Arsenal 38 20 11 7 71 29
3 Spurs 38 19 13 6 70 34
4 Man City 38 19 9 10 66 30
5 Man Utd 38 19 9 10 66 14
6 Southampton 38 18 9 11 63 18
7 West Ham 38 16 14 8 62 14
8 Liverpool 38 16 12 10 60 13
9 Stoke 38 14 9 15 51 -14
10 Chelsea 38 12 14 12 50 6
11 Everton 38 11 14 13 47 4
12 Swansea 38 12 11 15 47 -10
13 Watford 38 12 9 17 45 -10
14 WBA 38 10 13 15 43 -14
15 Crystal Palace 38 11 9 18 42 -12
16 AFC Bournemouth 38 11 9 18 42 -22
17 Sunderland 38 9 12 17 39 -14
R Newcastle 38 9 10 19 37 -21
R Norwich 38 9 7 22 34 -28
R Aston Villa 38 3 8 27 17 -49
Latest F1 News
Latest Vital Boxing News

Recent Watford Results (view all)

Vital Members League Table

RankNamePoints
1.Kevwicks1