Writer: Dr Watford
Date:Friday October 3 2008
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.
Date:Friday October 3 2008
Watford handed away tie in FA Cup (Sunday December 8 2013)
FA Cup: Watford ball No.40 in 3rd round draw (Sunday December 8 2013)
Stats: Leeds v Watford (Saturday December 7 2013)
Hornets snatch late point at Elland Road (Saturday December 7 2013)
Starting XIs: Leeds United v Watford (Saturday December 7 2013)
Opposing View: Leeds United (Friday December 6 2013)
Preview: Leeds United (A) - December 7 (Thursday December 5 2013)
Opinion: Time to get behind the players (Thursday December 5 2013)
Away From Home: Lines of communication crucial (Wednesday December 4 2013)
Hornets Take A Point At Burnley (Tuesday December 3 2013)
|The Surrey Whites are expanding in the London area
» Leeds Utd : 08/12/2013 18:00:00
|FA Cup 3rd Round
» Blackpool : 08/12/2013 16:45:00
|Blues At Home In FA Cup Third Round
» Birmingham : 08/12/2013 16:35:00
|Rovers handed giant killing proposition
» Blackburn : 08/12/2013 16:30:00
|Boro get home tie
» Middlesbrough : 08/12/2013 16:27:00
|Latics To Play MK Dons In 3rd Round Of FA Cup
» Wigan : 08/12/2013 16:24:00
|Watford handed away tie in FA Cup
» Watford : 08/12/2013 16:23:00