Watford - Watford maths are simple - Simpson
UK time is: 05:13:44
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Watford maths are simple - Simpson

Watford chairman Graham Simpson has hit back at the criticism expressed with regard the finances at Vicarage Road, most recently by Elton John, by insisting "the maths is quite simple".

The Hornets board have come under severe pressure from all quarters wanting answers to just where the 'Watford windfall` from the Premiership season and a £20m transfer bounty from the key player sales has evaporated to!

But Simpson, who has made his desire to sell the club well known (despite being a lifelong fan), reckons there`s no case to answer to.

Speaking through a statement, he said "Had Sir Elton asked me about the finances of the club, and the money received from our recent player sales, I would have explained that the maths is quite simple."

"Since we gained promotion the club will have committed over £48m on players wages and football costs, plus £18m on transfers, making a total of £66m".

Simpson went on to add "We will have received nearly £44m from the Premier League plus £20m income from the total sales of Young, Bouazza, King, Henderson, Shittu and Ellington - This totals £64m".

So IF (and many people will say that`s a very big 'if`) Simpson`s calculations are fact then the Hornets have made a £2m loss despite promotion to the top flight in the past 3 seasons and do need "to cut their cloth accordingly".

But there are bigger questions that need to be asked:

Why did the board agree to sign wage cheques to a quite unbelievable value of £48m?
Simpson states that "the playing squad`s wage bill [was] at somewhere near 3 times that of the original squad Aidy inherited in March 2005"…a squad that was scrapping for it`s life in a relegation dogfight and, Helguson apart, really not good enough for the Championship, it must be said!

It`s all well and good "backing a manager`s judgement" but why didn`t the more business minded members of the board take emotion out of the equation and say "Aidy, enough is enough"?

There`s no question that Aidy`s ambition would never have liked the shackles placed on him but then we`d never have signed duds like Jackson, Ellington nor Collins John who have added nothing to the Watford Way.

Ok, so we might paying the penalty for Aidy`s poor transfer record, the board`s inability to smell a 'Leeds` situation developing and some awful decisions to let the costs spiral out of control but it does go to prove 1 thing…

A surprise promotion to the Premier League (on the back of a shoestring budget) has done the club no favours whatsoever.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



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

The Journalist

Writer: Dr Watford Mail feedback, articles or suggestions

Date:Friday October 3 2008

Time: 9:29AM

Your Comments (oldest first)

Change to most recent first
francis has been forced to retier :(
jackwebby
Report Abuse
03/10/2008 18:50:00

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Watford Articles

2015-16 Squad Numbers Released (Saturday August 1 2015)

Talking Point: Lineup Against Everton (Wednesday July 29 2015)

Aussie Legend Joins Watford Staff (Thursday July 23 2015)

The Supporters Summit - Watford (Wednesday July 8 2015)

NEW: Away Games Site (Monday July 6 2015)

Archived Watford Articles

List All Vital Watford Articles
Have your say
Click here to suggest an article
Click here to suggest a poll
ScoopDragon Premier League Network Sites

League Table (view table)

Team P W D L GD Pts
14. Spurs 0 0 0 0 0 0
15. Stoke 0 0 0 0 0 0
16. Sunderland 0 0 0 0 0 0
17. Swansea 0 0 0 0 0 0
18. Watford 0 0 0 0 0 0
19. WBA 0 0 0 0 0 0
20. West Ham 0 0 0 0 0 0

Watford Fixtures (view all)

Breaking League News

Lack of Cutting Edge A Common Theme In Pre-Season
» Swansea : 01/08/2015 23:54:01
Liverpool: Deal For Brazilian Starlet Done
» Liverpool : 01/08/2015 22:59:00
Norwich City 2 - 1 Brentford
» Norwich : 01/08/2015 21:41:00
Liverpool: Ibe Impresses Again In HJK Win
» Liverpool : 01/08/2015 20:16:01
No Colo For Monchengladbach Defeat
» Newcastle : 01/08/2015 19:35:00

Current Site Poll (view all polls)

Will you be buying the new Watford FC kit?
Suggested By:  Vital Watford
Yes 55%
No 45%