Vital Football

Latest Watford FC News

Ashcroft comes to the table

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.



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

Writer:wfc123
Date:Thursday December 17 2009
Time: 3:26PM

Comments

0
Will that be enough to keep the status quo?
Our Kids Dad
17/12/2009 15:47:00
0
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
17/12/2009 16:58:00
Page 1/1
  1. 1

Login to post a comment

Recent Watford Articles

Deal Agreed For Anderlecht Striker Okaka?

Okaka, who has previously played in England during a loan spell with Fulham, will be joining Watford with it said a deal has been agreed for Anderlecht's former Roma striker.

Vydra To Derby Confirmed

Vydra, who had been linked with Birmingham recently, has returned to the Championship after his loan with Reading last season. He's left Watford permanently for Derby.

The Hornet - Arsenal 27-08-16

That first win under Walter Mazzarri is still awaited after a first half that gave Watford too much to do in a three-one defeat against Arsenal at Vicarage Road.

Premier League Predictions From A Neutral

Alex Roberts is back, and this time he's turned pundit and given his Premier League predictions for 2016/17.

Archived Vital Watford Articles

Vital Watford articles from

Site Journalists

Harry Welch
Editor email
Profile
KDCallanan
no email
Profile
chrisgwfc
no email
Profile
Colin Cowan
no email
Profile
Alex Moore
no email
Profile

Current Poll (see more polls)

Arsenal MotM
Suggested By: Site Staff
Gomes0%
Kaboul0%
Prodl0%
Kabasele0%
Amrabat0%
Guedioura0%
Behrami0%
Capoue0%
Holebas0%
Ighalo0%
Deeney25%
Sub - Pereyra75%
Sub - Janmaat0%
Sub - Success0%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
1 Man City 3 3 0 0 9 6
2 Chelsea 3 3 0 0 9 5
3 Man Utd 3 3 0 0 9 5
4 Everton 3 2 1 0 7 2
5 Hull City 3 2 0 1 6 2
6 Middlesbrough 3 1 2 0 5 1
7 Spurs 3 1 2 0 5 1
8 Arsenal 3 1 1 1 4 1
9 Leicester City 3 1 1 1 4 0
10 WBA 3 1 1 1 4 0
11 Liverpool 3 1 1 1 4 -1
12 West Ham 3 1 0 2 3 -2
13 Burnley 3 1 0 2 3 -2
14 Swansea 3 1 0 2 3 -2
15 Southampton 3 0 2 1 2 -2
16 Sunderland 3 0 1 2 1 -2
17 Crystal Palace 3 0 1 2 1 -2
18 Watford 3 0 1 2 1 -3
19 AFC Bournemouth 3 0 1 2 1 -3
20 Stoke 3 0 1 2 1 -4
Latest F1 News
Latest Vital Boxing News

Recent Watford Results (view all)

Vital Members League Table

RankNamePoints
1.Jack Hall1
2.Daniel Smith11