Vital Football

Latest Watford FC News

Watford maths are simple - Simpson

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.



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

Writer:Dr Watford
Date:Friday October 3 2008
Time: 9:29AM

Comments

0
francis has been forced to retier :(
jackwebby
03/10/2008 18:50:00
Page 1/1
  1. 1

Login to post a comment

Recent Watford Articles

Stats: West Bromwich Albion v Watford

All the stats from West Bromwich Albion (3) vs (1) Watford, The Hawthorns, 3/12/16 Att:

Team Sheets - West Bromwich Albion v Watford

Watford go to the Hawthorns as the visitors to West Brom for the latest Premier League game.

West Brom v Watford - Follow On Twitter

Watford go to the Hawthorns as the visitors to West Brom today, this will be a 3pm kick-off.

FA Cup Ball Numbers Known (3/12/16)

With FA Cup second round ties taking place this weekend, the ball numbers for the third round draw of the competition have now been allocated.

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)

West Brom MotM
Suggested By:
Gomes0%
Holebas0%
Kabasele0%
Prodl0%
Zuniga0%
Amrabat0%
Guedioura0%
Capoue0%
Pereyra0%
Okaka0%
Deeney0%
Sub - Ighalo0%
Sub - Sinclair0%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
1 Chelsea 14 11 1 2 34 21
2 Arsenal 14 9 4 1 31 19
3 Liverpool 14 9 3 2 30 17
4 Man City 14 9 3 2 30 15
5 Spurs 14 7 6 1 27 14
6 Man Utd 14 5 6 3 21 3
7 WBA 14 5 5 4 20 3
8 Everton 14 5 5 4 20 1
9 Stoke 14 5 4 5 19 -3
10 AFC Bournemouth 14 5 3 6 18 -3
11 Watford 14 5 3 6 18 -6
12 Southampton 14 4 5 5 17 -2
13 Crystal Palace 14 4 2 8 14 -2
14 Burnley 14 4 2 8 14 -11
15 Leicester City 14 3 4 7 13 -7
16 Middlesbrough 13 2 6 5 12 -3
17 West Ham 14 3 3 8 12 -14
18 Sunderland 14 3 2 9 11 -10
19 Hull City 13 3 2 8 11 -17
20 Swansea 14 2 3 9 9 -15
Vital Football Comment
Latest F1 News
Latest Vital Boxing News
Write for Vital Football

Recent Watford Results (view all)

Watford Fixtures (view all)

Dec 10 2016 12:30PM : Everton (H)
Barclays Premier League
Dec 14 2016 8:00PM : Manchester City (a)
Barclays Premier League
Dec 17 2016 3:00PM : Sunderland (a)
Barclays Premier League
Dec 26 2016 12:30PM : Crystal Palace (H)
Barclays Premier League
Jan 1 2017 1:30PM : Tottenham Hotspur (H)
Barclays Premier League
Jan 3 2017 8:00PM : Stoke City (a)
Barclays Premier League
The Vital Football Members League