Watford News 24/7Writer: wfc123 
Date:Saturday May 1 2010
Time: 12:26AM
UK time is: 12:25:19
Vital Login
Social Login
Choose your club
Other Sites
Network Navigation
Vital Partners
'If It's Football, It's Vital'
Share Issue Agreed
Watford have finally set the ball rolling for the future with the news that shareholders have agreed to back the planned share issue, instigated by majority shareholder Lord Michael Ashcroft.
The Tory declared a number of months back that he would be prepared to underwrite the £7.5m rights issue and now has the backing of Watford Leisure PLC shareholders meaning the process can begin.
Non-executive boardmember, David Fransen (he who lent the Hornet`s 500k by way of January transfer kitty to fund the Buckley, McGinn and Taylor signings), former chairman Graham Simpson and Valley Grown Salad (Boys) Jimmy and Vince Russo were amongst the 75% of shareholders prepared to back the plan.
The share issue will see Watford replace over £8.63m of the clubs existing debt whilst also creating £1.5m in 'working capital`.
An EGM will be held on May 17th at 10am where the club`s short and longer term financial future will be discussed whilst existing shareholders will be given the opportunity to invest further in the clubs parent company.
If you want to read the story from a more full and knowledgeable perspective, then you`d best click
HERE
Vital F1 Prediction League - Join now for the British GP
Seconds Out! Vital Boxing is here!
Your Comments
hmmm it anyone of you VW'ers out there know what this whole share issue means more than WFC123 and DrWatford then please holler... its all a big ball of mumbo jumbo to us and we could do with a fans insight
DrWatford
The style of this allows shareholders to add interest to their investment when/if a buyer is found.
I have no problems with it and I see that our shareholders ( inc Russo `s this time) are acting in WFC interests whilst protecting their own.
Dirk Thrust
Have Your Say
Log in...
with your social network OR with your Vital account
Recent Articles
Watford start 2013/14 campaign at Birmingham City (Wednesday June 19 2013)
2012/13 Season Review - December (Tuesday June 18 2013)
2012/13 Season Review - November (Monday June 17 2013)
Watford draw Bristol Rovers in League Cup (Monday June 17 2013)
2012/13 Season Review - October (Friday June 14 2013)
2012/13 Season Review - September (Thursday June 13 2013)
2012/13 Season Review - August (Wednesday June 12 2013)
Udinese forward Fabbrini linked with Watford (Tuesday June 11 2013)
VIDEO: I Was Unprepared For Championship - Zola (Tuesday June 11 2013)
OFFICIAL: Scholar Luke O'Nien turns pro' (Friday June 7 2013)
Archived Articles
Vital Members League (view all)
| 1. | watford1881 | 5 |
| 2. | wfc123 | 4 |
| 3. | ANDY710 | 3 |
| 4. | DrWatford | 1 |
League Results (view all)
| Latest Results |
League Table (view table)
| Team | P | W | D | L | GD | Pts |
| 18. Millwall | 0 | 0 | 0 | 0 | 0 | 0 |
| 19. Q.P.R. | 0 | 0 | 0 | 0 | 0 | 0 |
| 20. Reading | 0 | 0 | 0 | 0 | 0 | 0 |
| 21. Sheff Wed | 0 | 0 | 0 | 0 | 0 | 0 |
| 22. Watford | 0 | 0 | 0 | 0 | 0 | 0 |
| 23. Wigan | 0 | 0 | 0 | 0 | 0 | 0 |
| 24. Yeovil | 0 | 0 | 0 | 0 | 0 | 0 |
Breaking League News
| Stephen Carr Backs Blues Boss
» Birmingham : 19/06/2013 12:00:00
|
| A Villans View Of Eric Lichaj
» Forest : 19/06/2013 11:49:00
|
| Fixtures 2013-14
» Wolves : 19/06/2013 11:37:00
|
| Lichaj Signs 2 Year Deal With Reds'
» Forest : 19/06/2013 11:14:00
|
| Eric Joseph Lichaj - Profile
» Forest : 19/06/2013 11:07:00
|
| 4 Clubs Bid £2m For Birmingham's Redmond
» Birmingham : 19/06/2013 11:00:00
|
| Seagulls start at Elland Road
» Brighton : 19/06/2013 10:14:00
|
Current Site Poll (view all polls)
|
|