Watford - Hornet's Saved!
UK time is: 11:47:33
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

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.




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:Friday December 18 2009

Time: 11:58PM

Your Comments (oldest first)

Change to most recent first
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
Report Abuse
19/12/2009 01:31:00

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
Report Abuse
21/12/2009 14:31:00

 

Have Your Say

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

Recent Watford Articles

The Rise Of Craig Cathcart (Sunday August 30 2015)

Stats: Manchester City v Watford (Saturday August 29 2015)

PREVIEW: Man City vs Watford (Saturday August 29 2015)

Man In The Middle: Mark Clattenburg (Saturday August 29 2015)

Watford And Southampton In Stalemate (Sunday August 23 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

Vital Members League (view all)

League Table (view table)

Team P W D L GD Pts
14. Norwich 4 1 1 2 -3 4
15. WBA 4 1 1 2 -3 4
16. Spurs 4 0 3 1 -1 3
17. Watford 4 0 3 1 -2 3
18. Stoke 4 0 2 2 -2 2
19. Newcastle 4 0 2 2 -3 2
20. Sunderland 4 0 2 2 -4 2

Watford Fixtures (view all)

Breaking League News

Could Austin Be Heading Our Way?
Man Utd : 31/08/2015 11:03:01
United Loosely Linked With Draxter
Man Utd : 31/08/2015 10:53:00
Hammers Closing In On Moses
West Ham : 31/08/2015 10:44:01
United Finally In For a Striker?
Man Utd : 31/08/2015 10:34:01
Moses Heading for the Stamford Bridge Exit
Chelsea : 31/08/2015 10:26:01

Current Site Poll (view all polls)

Will you be buying the new Watford FC kit?
Suggested By:  Vital Watford
Yes 52%
No 48%