Sarries Will Leave Next Summer
Three months after first instigating the break clause in their contract with Saracens, Watford have announced today that the rugby club will leave next Summer.
The Hornet's today announced that with talks between Saracens and other parties well under way they would 'fully exercise' the break clause meaning their tenant's will now definitely leave in the Summer of 2011.
'We're very comfortable with our decision and it's timing.' Said chairman Graham Taylor.
'Now we want to push forward with the plans we have been starting to formulate that explore revenue streams open to us once Saracens are no longer here.' Said the Hornet's legend.
Saracens had previously been paying the Hornet's shy of 500k a season in rent and the two sides had been at loggerheads over the rent as well as differing ideas for the development of the decrepit East Stand.