Watford - Cup runs key to Watford squad wages
UK time is: 04:12:35
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

Cup runs key to Watford squad wages

Watford chairman Graham Simpson has confirmed that successful cup runs, ending in 2 semi final defeats, under the guidance of ex gaffer Ray Lewington, had been key in paying back deferred players wages, as the club fought administration.

Carling Cup victories over Reading, Sheff Utd, Southampton and Portsmouth, ending in a semi final defeat to Liverpool in 2004, had generated sufficient revenue to cover a 12% salary reduction taken by professional players and higher paid members of club staff, entered into 2 years earlier.

Simpson said in a letter to shareholders "the proceeds of the 2004/2005 cup run were used to payback in full all of the salary deferrals entered into in 2002".

In September 2002, the majority of the Glory Hornet`s playing staff, led by current club captain Gavin Mahon, had agreed to defer wage payments to assist the club in the battle to stay solvent following the Vialli era and the collapse of the then lucrative ITV Digital TV deal.

Simpson also noted that last year's journey to the FA Cup Semi against Man Utd had netted 1.2m into the club coffers as Watford recorded end year profits for the first time in 5 years.

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.

Join the Vital Fantasy Football League - its Free!

The Journalist

Writer: Dr Watford Mail feedback, articles or suggestions

Date:Thursday November 15 2007

Time: 3:32PM

Your Comments (oldest first)

Change to most recent first
Great news! The fact that you have cash is credit to the current aministration, the manager and can only be a good thing!
Report Abuse
15/11/2007 23:04:00


Have Your Say

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

Recent Watford Articles

Stats: Bournemouth v Watford (Saturday October 3 2015)

PREVIEW: Bournemouth vs Watford (Saturday October 3 2015)

Man In The Middle: Michael Oliver (Saturday October 3 2015)

The Watford FC Injury Table.. (Friday October 2 2015)

PREVIEW: Watford vs Palace (Saturday September 26 2015)

Man In The Middle: Anthony Taylor (Saturday September 26 2015)

Ighalo Double Gives Watford First Away Win (Saturday September 19 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)

1. Namorrodor 1

League Table (view table)

Team P W D L GD Pts
8. Spurs 7 3 3 1 4 12
9. Southampton 8 3 3 2 3 12
10. Liverpool 7 3 2 2 -2 11
11. Watford 8 2 4 2 -1 10
12. Swansea 7 2 3 2 0 9
13. Norwich 8 2 3 3 -2 9
14. Stoke 8 2 3 3 -2 9

Watford Fixtures (view all)

Breaking League News

The return of Dark clouds to Chelsea FC
Chelsea : 04/10/2015 01:30:00
Pundits Predictions: Swansea City vs Tottenham Hotspur
Swansea : 03/10/2015 22:26:01
Gomes Stars As Hornets Draw At Bournemouth
Watford : 03/10/2015 21:44:01
Watford : 03/10/2015 21:43:01
Sunderland : 03/10/2015 21:04:01

Current Site Poll (view all polls)

Will you be buying the new Watford FC kit?
Suggested By:  Vital Watford
Yes 49%
No 51%