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

More Reliable Than An Octopus 2016/17? (22/2/17)

A new season, a new special computer crunching the numbers to determine the final Premier League positions for 2016/17.

Another Italian Job

Rumour has it the Watford boss has his eyes fixed on Serie A for potential summer transfers with Juventus' Lemina and Napoli's Allan - not for the first time in both instances - linked.

Watford FC Injury List Concerns

Our weekly update looking at the injury table for Watford FC and also comparing with all our competitors in the Premier League.

Does Possession Mean For Everything? (14/2/17)

Control of the ball or simply hit on the counter attack having soaked up pressure - it's an age old debate in football and a club's style for many is sacrosanct.

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)

Man U MotM
Suggested By: Site Staff
Gomes67%
Cathcart0%
Kaboul0%
Prodl0%
Britos0%
Cleverley33%
Zarate0%
Capoue0%
Niang0%
Holebas0%
Deeney0%
Sub - Janmaat0%
Sub - Okaka0%
Sub - Success0%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
1 Chelsea 25 19 3 3 60 34
2 Man City 25 16 4 5 52 22
3 Spurs 25 14 8 3 50 28
4 Arsenal 25 15 5 5 50 26
5 Liverpool 25 14 7 4 49 24
6 Man Utd 25 13 9 3 48 17
7 Everton 25 11 8 6 41 13
8 WBA 25 10 7 8 37 3
9 Stoke 25 8 8 9 32 -6
10 West Ham 25 9 5 11 32 -9
11 Southampton 25 8 6 11 30 -3
12 Burnley 25 9 3 13 30 -9
13 Watford 25 8 6 11 30 -13
14 AFC Bournemouth 25 7 5 13 26 -14
15 Swansea 25 7 3 15 24 -23
16 Middlesbrough 25 4 10 11 22 -8
17 Leicester City 25 5 6 14 21 -19
18 Hull City 25 5 5 15 20 -27
19 Crystal Palace 25 5 4 16 19 -14
20 Sunderland 25 5 4 16 19 -22
Vital Football Comment
Latest F1 News
Latest Vital Boxing News
Write for Vital Football

Recent Watford Results (view all)

Watford Fixtures (view all)

Feb 25 2017 5:30PM : West Ham United (H)
Barclays Premier League
Mar 4 2017 3:00PM : Southampton (H)
Barclays Premier League
Mar 13 2017 8:00PM : Chelsea (a)
Barclays Premier League
Mar 18 2017 3:00PM : Crystal Palace (a)
Barclays Premier League
Apr 1 2017 3:00PM : Sunderland (H)
Barclays Premier League
Apr 4 2017 7:45PM : West Bromwich Albion (H)
Barclays Premier League
The Vital Football Members League