UK time is: 16:09:35
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

Will that be enough to keep the status quo?
Our Kids Dad
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
 

Have Your Say

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

Recent Watford Articles

OFFICIAL: Odion Ighalo Signs (Tuesday July 29 2014)

Is Odion Ighalo A Watford Player? (Tuesday July 29 2014)

OFFICIAL: Keith Andrews Signs (Thursday July 24 2014)

Pre-Season Update (Sunday July 6 2014)

OFFICIAL: Vydra re-signs on loan (Thursday June 26 2014)

OFFICIAL: Lloyd Dyer Signs (Monday June 16 2014)

2013/14: Fans' Review (Sunday June 8 2014)

Archived Watford Articles

List All Vital Watford Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. ANDY710 2

League Results (view all)

Latest Results

League Table (view table)

Team P W D L GD Pts
18. Norwich 0 0 0 0 0 0
19. Reading 0 0 0 0 0 0
20. Rotherham 0 0 0 0 0 0
21. Sheff Wed 0 0 0 0 0 0
22. Watford 0 0 0 0 0 0
23. Wigan 0 0 0 0 0 0
24. Wolves 0 0 0 0 0 0

Breaking League News

Trialists Impress & Veseli Will Leave Permanently
Ipswich : 30/07/2014 15:30:00
McCarthy Delighted With McGoldrick Return
Ipswich : 30/07/2014 15:24:00
Southend 1-2 Ipswich
Ipswich : 30/07/2014 15:20:00
Brighton Arrange Signing Session
Brighton : 30/07/2014 15:05:00
Redknapp Admits Move For Leroy Fer
Norwich : 30/07/2014 14:10:00

Current Site Poll (view all polls)

Will Troy Deeney be a Watford player come September 1st?
Suggested By:  Editor
Yes 67%
No 33%