Watford - Billionaire buys into Watford
UK time is: 18:36:44
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

Billionaire buys into Watford

Billionaire businessman Lord Ashcroft is set to become the majority shareholder of Watford.

Lord Michael Ashcroft, who is the deputy chairman of the Tory Party, will own up to 42% of Watford Leisure PLC following a rights issue designed to raise £6million which the club hope will write off their debts.

Ashcroft told the club's official website: 'Watford is a good business that is making steady and sure progress. “My investment will hopefully enable Chairman Graham Simpson and chief executive Mark Ashton to take the business to the next level and beyond. 'It is an exciting time to be involved with Watford. The board and the executive management team, led by Graham, have made huge progress.'

Lord Ashcroft already has a 6.5% shareholding in Watford Leisure through his Fordwat investment vehicle.

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:  Mail feedback, articles or suggestions

Date:Wednesday March 15 2006

Time: 4:01PM

Your Comments (oldest first)

Change to most recent first
Does anyone know if Ashcroft plans to invest in the squad or if he's just bailing Watford out of financial difficulty? Also.. whatever happened to Elton John (with regards to Watford FC)
Report Abuse
15/03/2006 17:03:00

His interest should be good news for Watford, particularly as I see you heading into the Premiership. As for Elton, I think he still has some involvement doesn't he, Patron or something...or is it Matron. LOL.
Report Abuse
21/03/2006 04:32:00


Have Your Say

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

Recent Watford Articles

Audio - Flores Praises Gomes (Sunday October 4 2015)

Stats: Bournemouth v Watford (Saturday October 3 2015)

PREVIEW: Bournemouth vs Watford (Saturday October 3 2015)

Man In The Middle: Michael Oliver (Saturday October 3 2015)

The Watford FC Injury Table.. (Friday October 2 2015)

PREVIEW: Watford vs Palace (Saturday September 26 2015)

Man In The Middle: Anthony Taylor (Saturday September 26 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

Vital Members League (view all)

1. Namorrodor 1

League Table (view table)

Team P W D L GD Pts
9. Southampton 8 3 3 2 3 12
10. Liverpool 8 3 3 2 -2 12
11. Swansea 8 2 4 2 0 10
12. Watford 8 2 4 2 -1 10
13. Norwich 8 2 3 3 -2 9
14. Stoke 8 2 3 3 -2 9
15. AFC Bournemouth 8 2 2 4 -2 8

Watford Fixtures (view all)

Breaking League News

Liverpool: Owners Felt A 'Connection' With Klopp
» Liverpool : 09/10/2015 18:00:00
Bennett Joins Bristol City
» Norwich : 09/10/2015 17:31:01
Blow for José, joy for Chelsea faithful
» Chelsea : 09/10/2015 17:00:01
Randolph Set to Play Against Poland
» West Ham : 09/10/2015 16:55:01
Garner Joins Pulis' Backroom
» WBA : 09/10/2015 16:45:01

Current Site Poll (view all polls)

Will you be buying the new Watford FC kit?
Suggested By:  Vital Watford
Yes 49%
No 51%