Problems, big Problems! Is this the END?

No statement on Watford's financial position but money owed to Jimmy Russo not due until tomorrow

7:26pm Wednesday 16th December 2009

Watford are not expected to release a statement confirming their financial position tonight but the Watford Observer understands the deadline to repay former chairman Jimmy Russo the £4.88m he is owed has been extended until tomorrow lunch time.

This morning a statement from the Hornets’ parent company Watford Leisure Plc stated Russo had demanded the immediate repayment of the £4.88m he loaned the club “on or before close of business on 16 December 2009”.

But we understand the club now have until tomorrow afternoon before Russo’s company Valley Grown Salads will demand its money back.

Failure to pay the cash could result in the club going into administration.

Russo decided to recall the money after he, his brother Vince and business associate Robin Williams all resigned from the board at the Watford Leisure AGM last night.

The trio stepped down as they felt they had lost the support of some board members and were going to be ousted by major shareholders Lord Michael Ashcroft and Graham Simpson regardless.

4-1 home win against Wednesday

Quote from the BBC website....

"The next goal was vital and, with 10 second-half minutes gone, the home side crafted it.

Having seen an initial corner cleared, Lansbury collected outside the box, created space for himself on the right before feeding Harley in the box and the former Sheffield United man struck the ball past Loach and into the far corner.

Their two-goal cushion restored, Watford turned on the style.

On-loan Manchester United midfielder Cleverley picked up the ball outside the area, dribbled with intent around the right-side of the Wednesday defence before expertly picking out Lansbury in the middle and he made no mistake with a side-foot finish."

Great game....great skill...loved it!

Young guns....Oct 2009

We purhaps have the youngest team ever at the moment. We have little dept in our squad because of looming debt, but we are doing better than I expected. Players like Cleverley and Lansbury have done well. Cleverley has probably been our best player.

Scott Loach though has been a poor. He is very inconsistant and let in a 50 yard goal against Cardiff.

Things are falling apart a bit. We lost 4 - 0 to Cardiff with this team last weekend.

Watford

• 01 Loach
• 02 Mariappa
• 12 Doyley
• 22 Cathcart
• 33 Hodson
• 07 Cowie
• 14 Jenkins
• 20 Cleverley
• 28 Eustace
• 10 Graham
• 18 Hoskins

Substitutes

• 16 Lee,
• 15 Harley,
• 17 Bennett,
• 04 Severin,
• 05 Lansbury,
• 19 Henderson,
• 25 Ellington

Looking back at....

Heres a snap from this seasons Borehamwood pre season friendly...

Developments at the Ground

We have now sold Tommy Smith and Jobi MacNuff. Going to miss Tommy.

The ground is coming on though. There was a point at which we thought things had stopped but it has come on over the summer.

In the ground, last game of the season

Rodgers goes to his beloved Reading.

"Reading have confirmed the appointment of Brendan Rodgers as their new manager on a three-year contract.

The Royals have paid "substantial" compensation to bring Rodgers from Championship rivals Watford, ending his seven-month tenure with the Hornets."

Well it was the job he ulimately wanted....he did well at watford for a short time. Stopped us from going down.