UK time is: 21:41:09
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

Ashcroft comes to the table

A breakthrough at last in the future of Watford Football Club and one coming from the unlikliest of people.

Lord Michael Ashcroft has today had his 7.5million rights issue accepted by the Watford Leisure PLC board accepted.

5million of that sum will be used to pay the Russo's the 4.8m they are owed whilst the remaining 2.5m will be put towards the 5.5m shortfall.

In the words of Cheif Exc. Julian Winter, 'The ball is now in Jimmy's court.' as Russo must drop his demands of instant repayment of the money Valley Grown Salads have leant Watford since the Spring.

If the proposal is not accepted by the former Chairman then the company would be placed in administration. The trading of shares remains suspended still.




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: wfc123 Mail feedback, articles or suggestions

Date:Thursday December 17 2009

Time: 3:26PM

Your Comments (oldest first)

Change to most recent first
Will that be enough to keep the status quo?
Our Kids Dad
Report Abuse
17/12/2009 15:47:00

We will still have to come up with another 3m off our own backs to see June 2010, but that could easily come from the sale of Scott Loach...
wfc123
Report Abuse
17/12/2009 16:58:00

 

Have Your Say

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

Recent Watford Articles

PREVIEW: Brighton v Watford (Friday April 24 2015)

Cathcart Stunner Puts Watford Top (Saturday April 18 2015)

Stats: Watford v Birmingham City (Saturday April 18 2015)

PREVIEW: Watford v Birmingham (Saturday April 18 2015)

Stats: Nottingham Forest v Watford (Thursday April 16 2015)

PREVIEW: Forest v Watford (Wednesday April 15 2015)

Man In The Middle: Paul Tierney (Monday April 13 2015)

Watford Keep Pressure On Top Two (Saturday April 11 2015)

Stats: Millwall v Watford (Saturday April 11 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 Publishing Entire League Network of Sites

Vital Members League (view all)

League Table (view table)

Team P W D L GD Pts
1. Watford 45 27 7 11 +41 88
2. Bournemouth 44 24 12 8 +47 84
3. Middlesbrough 45 25 9 11 +31 84
4. Norwich 45 24 11 10 +38 83
5. Ipswich 45 22 12 11 +19 78
6. Derby County 45 21 14 10 +32 77
7. Brentford 45 22 9 14 +16 75

Breaking League News

Bolton : 27/04/2015 21:36:00
RUFC - Head-to-Head v Reading
Rotherham : 27/04/2015 19:44:00
RUFC - Gaffer Plea To Fans
Rotherham : 27/04/2015 19:36:01
RUFC - Evans 'We Note Comments And Dismiss Them'
Rotherham : 27/04/2015 19:32:00
Keogh In PFA Team Of The Year
Derby County : 27/04/2015 19:31:00

Current Site Poll (view all polls)

Who can hit a ball harder, Richard Johnson or Daniel Tozser?
Suggested By:  Editor
Johnno 56%
Tozser 44%