Vital Football

Latest Watford FC News

Watford accounts 'back in the black'

Watford accounts 'back in the black'

Watford Leisure PLC, the parent company behind the wild child that is Watford Football Club, completed its journey back from the brink of administration yesterday when it announced full year pre-tax profits of £8m.

And the VitalWatford boys couldn`t be happier about it.

Backed by heavy £18.1m increase in TV and media revenue, a 43% increase in ticket sales and corporate hospitality sales and £1m haul from merchandise sales, all thanks to the Premiership big boys rolling into town, Watford Leisure posted a record £29.9m turnover (Jul 1 2006 - Jun 30 2007) in their end year annual report.

These figures mark a significant advance in chairman Graham Simpson`s reign after 4 years of heavy losses (£5.8m deficit in 2005-2006), cost cutting and penny pinching to keep the debts down.

And the Hornets have already flexed their financial muscles in the Championship with the club record signing of Nathan Ellington, a £1.75m spending spree on flying winger Jobi McAnuff and still plan to invest in stadium development at Fortress Vicarage.

In his Chairman`s statement to the London Stock Exchange, Graham Simpson noted "The financial results in 2006/07 includes the benefits of promotion and reflects the growing value of our developing squad.'



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

Join the Vital Fantasy Football League - its Free!

Writer:Dr Watford
Date:Thursday November 15 2007
Time: 2:44PM

Comments

0
Oh dear! Even with the paracute payments?
Matt_Us
15/11/2007 14:53:00
0
It's good news Matt - In the black means profit profit profit!
DrWatford
15/11/2007 15:08:00
0
Ops! Obivously. Sorry - just did the lazy headline reading!
Matt_Us
15/11/2007 15:50:00
Page 1/1
  1. 1

Login to post a comment

Best of Vital Network

Recent Watford Articles

Silva Cites Watford Ambition

New head coach Marco Silva has said that the ambitions of Watford attracted him to the role as he signed on for the next two years.

Watford Appoint Marco Silva

Watford today appointed former Hull City manager Marco Silva to the position as manager.

Watford Hold Silva Talks?

With Hull City head coach Marco Silva resigning earlier in the week, Watford were initially one of the clubs linked with him.

A Watford perspective - Head Coach Hunt

With the club looking for it`s ninth head coach since the Pozzo family took over in 2012. It would seem to be a poison chalice for most potential head coaches.

Archived Vital Watford Articles

Vital Watford articles from

Site Journalists

Write for Vital Watford
Write For Vital Watford
Apply Here

Current Poll (see more polls)

Manchester City MotM
Suggested By:
Gomes26%
Janmaat0%
Behrami0%
Holebas3%
Amrabat0%
Cleverley0%
Doucoure0%
Capoue3%
Mason46%
Niang0%
Okaka16%
Sub - Eleftheriou0%
Sub - Deeney3%
Sub - Pereira3%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
C Chelsea 38 30 3 5 93 52
2 Spurs 38 26 8 4 86 60
3 Man City 38 23 9 6 78 41
4 Liverpool 38 22 10 6 76 36
5 Arsenal 38 23 6 9 75 33
6 Man Utd 38 18 15 5 69 25
7 Everton 38 17 10 11 61 18
8 Southampton 38 12 10 16 46 -7
9 AFC Bournemouth 38 12 10 16 46 -12
10 WBA 38 12 9 17 45 -8
11 West Ham 38 12 9 17 45 -17
12 Leicester City 38 12 8 18 44 -15
13 Stoke 38 11 11 16 44 -15
14 Crystal Palace 38 12 5 21 41 -13
15 Swansea 38 12 5 21 41 -25
16 Burnley 38 11 7 20 40 -16
17 Watford 38 11 7 20 40 -28
R Hull City 38 9 7 22 34 -43
R Middlesbrough 38 5 13 20 28 -26
R Sunderland 38 6 6 26 24 -40
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Watford Results (view all)

Vital Members League Table

RankNamePoints
1.mikedrury1
2.Gary Pine1
Vital Football Comment