Vital Football

Latest Watford FC News

Oil head honcho hands Hornets £500K

Oil head honcho hands Hornets £500K

Watford have been handed an ever so timely £500k loan from oil magnate - and lifelong Hornets fan - David Fransen, MD of multi-billion dollar global energy trader Vitol SV…

Fransen, who joined the Hornets board as a non executive director in March 2009 under a fanfare of excitement, has entered into an unsecured loan agreement with Watford Association Football Club Ltd to assist with "potential player transfer activity during the January transfer window".

The short term loan, which is now about to become big news on the stock exchange, needs to be repaid in full (and with a whole heap of interest) by 31 May 2010.

It`s not the first time that Watford have used the 'loan` market to a do a bit of player trading. In 2003, Elton John 'reportedly` paid for the services of Paul Devlin, whilst the Danny Webber deal with Manchester United was done using outside funding.

Here at VitalWatford, we can only hope that this loan means that Malky Mackay does have some transfer targets lined up for the January sales and that he is now going to be a busy man - plugging our leaky defence - over the next 6 and a bit days before the window slams shut.

Win FREE pizza with Vital Football!
Select your team and get 50% off if they score twice.
www.papajohns.co.uk/football



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

Writer:Dr Watford
Date:Monday January 25 2010
Time: 2:00PM

Best of Vital Network

Comments

0
Will we live to regret this loan.... Some life long fan aye....
watford1881
25/01/2010 18:03:00
0
It's probably unsecured because we know we can sell Loach for several times that fee if needs be! We need to invest this money in a centre back, and a striker. Preferably two of each!
wfc123
25/01/2010 19:42:00
0
This article (on the site) misstates the loan which is not just fot buying players. He was portrayed as a life long fan when he joined so I don`t see why anyone should be so cynical.
Dirk Thrust
26/01/2010 16:51:00
Page 1/1
  1. 1

Login to post a comment

Recent Watford Articles

Flores - Enjoy The End Of 2015/16

Head coach Quique Sanchez Flores has said that Watford should just enjoy the remaining games of the current season given we have achieved our aims.

Watford - Premier League Free Transfers 2015/16

As the summer nears and contracts come to an end, should Watford be interested in any of the following free transfers?

Vital Pre-Match - Watford v Aston Villa

All FA Cup semi-finals can only have one winner with Crystal Palace the side ending the Watford dream! Aston Villa come into this match after a nightmare season.

An Almost Clear Injury Table For Watford FC

Our weekly update looking at the injury table for Watford FC and also comparing with all our competitors in the Premier League.

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)

Watford v Aston Villa
Suggested By:
Watford win78%
Aston Villa win17%
Draw5%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
1 Leicester City 35 22 10 3 76 30
2 Spurs 35 19 12 4 69 39
3 Man City 35 19 7 9 64 32
4 Arsenal 35 18 10 7 64 24
5 Man Utd 34 17 8 9 59 12
6 West Ham 34 14 14 6 56 14
7 Liverpool 34 15 10 9 55 13
8 Southampton 35 15 9 11 54 12
9 Chelsea 34 12 11 11 47 7
10 Stoke 35 13 8 14 47 -14
11 Everton 34 9 14 11 41 5
12 Watford 34 11 8 15 41 -7
13 WBA 35 10 11 14 41 -11
14 AFC Bournemouth 35 11 8 16 41 -19
15 Swansea 35 10 10 15 40 -15
16 Crystal Palace 35 10 9 16 39 -9
17 Sunderland 34 7 10 17 31 -18
18 Norwich 34 8 7 19 31 -25
19 Newcastle 35 7 9 19 30 -26
R Aston Villa 35 3 7 25 16 -44
Latest F1 News
Latest Vital Boxing News

Recent Watford Results (view all)

Watford Fixtures (view all)

Apr 30 2016 3:00PM : Aston Villa (H)
Barclays Premier League
May 7 2016 3:00PM : Liverpool (a)
Barclays Premier League
May 11 2016 7:45PM : Norwich City (a)
Barclays Premier League
May 15 2016 3:00PM : Sunderland (H)
Barclays Premier League

Vital Members League Table

RankNamePoints
1.David Allen2
2.Ben Joseph1