UK time is: 06:36:03
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

francis has been forced to retier :(
jackwebby
 

Have Your Say

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

Recent Watford Articles

Watford 2-2 Forest: A Neutral's View (Wednesday October 22 2014)

Hornets Held By Forest (Wednesday October 22 2014)

PREVIEW: Watford v Forest (Tuesday October 21 2014)

Opposing View: Nottingham Forest (Monday October 20 2014)

Watford Cruise To Win At Hillsborough (Saturday October 18 2014)

Stats: Sheffield Wednesday v Watford (Saturday October 18 2014)

McKinlay and Jokanović: Questions (Tuesday October 7 2014)

Watford Held At Home By Brighton (Saturday October 4 2014)

Archived Watford Articles

List All Vital Watford Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

League Results (view all)

Latest Results
Watford 4 - 1 Leeds Utd
Watford 1 - 1 Brighton
Watford 3 - 0 Bolton
Sheff Wed 0 - 3 Watford
Norwich 3 - 0 Watford
Charlton 1 - 0 Watford

League Table (view table)

Team P W D L GD Pts
1. Derby County 13 7 5 1 +13 26
2. Watford 13 7 4 2 +11 25
3. Middlesbrough 13 7 2 4 +7 23
4. Wolves 13 6 5 2 +5 23
5. Norwich 13 6 4 3 +10 22
6. Forest 13 5 7 1 +9 22
7. Charlton 14 5 7 2 +1 22

Breaking League News

Grant Holt To Stay At Hudderfield For Rest Of Year
» Wigan : 25/10/2014 00:15:00
Early Team News - Derby v Latics
» Wigan : 25/10/2014 00:03:00
What The Bosses Say - Derby v Latics
» Wigan : 24/10/2014 23:39:00
Millers v Seagulls Preview
» Rotherham : 24/10/2014 20:05:00
LUFC Leeds v Wolves - Over The Years
» Leeds Utd : 24/10/2014 20:00:00

Current Site Poll (view all polls)

Who was man of the match against Sheff Wed on Saturday?
Suggested By:  Editor
Sebastien Bassong 9%
Daniel Pudil 13%
Daniel Tozser 6%
Almen Abdi 6%
Matej Vydra 26%
Fernando Forestieri 40%