Watford - Russo's Reject Rescue Plan
UK time is: 06:04:39
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

Russo's Reject Rescue Plan

Jimmy and Vince Russo have REJECTED the plan of Lord Michael Ashcroft which would repay their loans to the Hornet's and go some way to making up the 5.5m shortfall.

The squat Italian duo have rejected the resuce package devised by Lord Ashcroft's FordWat company this afternoon.

This latest twist in the Hornet's saga leaves Watford leaning perilously over the edge of the cliff of administration with no real prospect of rescue deal being secured at this late stage.

It seems more and more likely that Watford Leisure PLC will be placed in administration sooner rather than later. The resulting ten-point deduction would leave Malky Mackay's Golden Boys in the final safe place in the Championship and just two points ahead of Ipswich Town.

There is as yet, no official statement from the club.




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: 6:58PM

Your Comments (oldest first)

Change to most recent first
what the hell is going on in that board room, are we really gonig to fall into administration with this infighting, now it seems the russos are willing it to happen just to screw over ashcroft and his shares. All the fantastic and hard work put in by malky and the boys will be for nothing, we will go from playoff hopefuls to relagation fighters yet again and with the loanees going home in the summer i fear it will be the same next season. GT bang some heads together or get EJ to have one of his famous outbursts at them, sort it out you dam fools.
pghwfc
Report Abuse
17/12/2009 19:36:00

Well thanks a bunch Jimmy Russo. He always said that he would put the club first but it seem he was just another Simpson. I can't believe my club will go into Administation because of a salad boy who doesn't care about anyone but himself. Yeah, he's put money in, but now he is screwing us over! I always thought the probl was Ashcroft, but at least he seems to want to help now - when it matters. Let's hope Elton can find a few million under the bed by 8am tomorrow, otherwise relegation battle here we come and bye to all our best players.
LeeHH
Report Abuse
17/12/2009 19:49:00

SEJ has said he will not be putting any more money in. And who can blame him? He's had his stint at the top.
wfc123
Report Abuse
17/12/2009 20:18:00

 

Have Your Say

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

Recent Watford Articles

Watford Fixtures/Report Archive (Friday July 3 2015)

Done Deal: Vydra Agrees Watford Stay (Wednesday July 1 2015)

Talking Point: Backroom Staff (Friday June 26 2015)

Hornets Plan Inter Duo Deal (Wednesday June 24 2015)

One to Watch... Troy Deeney - Watford (Wednesday June 24 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

League Table (view table)

Team P W D L GD Pts
14. Spurs 0 0 0 0 0 0
15. Stoke 0 0 0 0 0 0
16. Sunderland 0 0 0 0 0 0
17. Swansea 0 0 0 0 0 0
18. Watford 0 0 0 0 0 0
19. WBA 0 0 0 0 0 0
20. West Ham 0 0 0 0 0 0

Watford Fixtures (view all)

Breaking League News

Later Kick Off For Season Opener at Chelsea
Swansea : 03/07/2015 20:43:00
Watford Fixtures/Report Archive
Watford : 03/07/2015 19:12:00
Palace Televised, Saints Rearranged
Watford : 03/07/2015 17:57:00
Diego Costa Recommends Turan Deal
Chelsea : 03/07/2015 17:50:00
Olsson May Miss Season Start
Norwich : 03/07/2015 17:50:00

Current Site Poll (view all polls)

Will you be buying the new Watford FC kit?
Suggested By:  Vital Watford
Yes 59%
No 41%