Vital Football

Latest Watford FC News

Hornet's Saved!

Hornet's Saved!

Not a lot to say on this one really, but thankfully Watford will avoid administration.

It's taken long enough, but the petty arguements and point-scoring between parties have ceased long enough for Lord Michael Ashcroft to repay Jimmy Russo the £4.88m he lent Watford during his tenure as Chairman.

This agreement sees the Hornet's avoid the possibility of administration for now after Russo threatened to call in the administrators this morning. Watford do however need to find £5.5m to plug the shortfall gap between now and June next year.



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

Writer:wfc123
Date:Friday December 18 2009
Time: 11:58PM

Best of Vital Network

Vital Boxing - Leeds Under-Card Round-Up

Comments

0
At last we are saved - until May anyway. Now the ex chairman and Ashcroft have stopped fighting (and Jimmy has stopped using Sky Sports News to ge his way), maybe we can just get on with winning football matches - starting Saturday with a win at Peterborough (weather permitting).
LeeHH
19/12/2009 01:31:00
0
Russo did not get what he wanted. He actuallywanted to get the whole club on the cheap and lending the club the additional loans (secured against the ground) was part of the plan, he thought he was the only game in town and that Ashcroft would not respond and would accept his low-ball offer for the shares. His resignation and susbequent demands for immediate repayment were further crude actions designed to force home his position, believing there was no alternative to him, although this alienated the R's from the remainder of the board and they selected the better option. Thank god he failed as the R's clearly did not have sufficient funds to run a championship club, Lord A may have kept us waiting, but was clearly not prepared to get involved with the R's in anyway and having seen the way they behaved, I can't say I blame him. Finally, demanding an apology from Graham Taylor, that's really rich after all his antics. It is just pathetic and rather like a playground bully who has been found out by the bigger boys. A lucky escape.
RFB-gloryhornetboys
21/12/2009 14:31:00
Page 1/1
  1. 1

Login to post a comment

Recent Watford Articles

Behaviour Rules - Some Initial Reaction

Various rules on what is and isn't acceptable are being rolled out this season in an attempt to reduce 'intolerable behaviour' towards match day officials. What's the initial reaction?

Duo Head To Hillsborough

The expected transfer of Watford duo Almen Abdi and Daniel Pudil to Sheffield Wednesday this summer has tonight been confirmed.

New Rules For 2016/17 - Reminder

With only a few weeks to go until proper football returns following our (again) unsuccessful...

Oulare Heads To SV Zulte Waregem

20 year old striker Obbi Oulare has now completed his expected loan move away from Watford and signed for Belgian side SV Zulte Waregem.

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)

Sunderland MotM
Suggested By: Site Staff
Gomes10%
Cathcart1%
Prodl1%
Britos1%
Ake1%
Abdi21%
Guedioura2%
Watson1%
Jurado1%
Ighalo3%
Deeney53%
Sub - Paredes1%
Sub - Suarez1%
Sub - Amrabat3%
ScoopDragon Premier League Network Sites

League Table

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

Recent Watford Results (view all)

Vital Members League Table

RankNamePoints
1.Daniel Smith11