£2.5mn half-year loss, bye bye DG10

Discussion in 'The Hornets' Nest - Watford Chat' started by Berkohorn, Mar 28, 2011.

  1. Berkohorn

    Berkohorn Reservist

  2. Berkohorn

    Berkohorn Reservist

  3. 20/20 Vision

    20/20 Vision Reservist

    Unless Bassini/Bazini's rich and successful relatives cough up, or Villa sell Ashley Young.

    So yes, enjoy DG while you can.
     
  4. 20/20 Vision

    20/20 Vision Reservist

    "The period of time from 1 July 2010 to 31 December 2010 has seen some genuine stability at Board and operational leadership levels at our principal operating subsidiary, The Watford Association Football Club Limited (“the Club), both on and off the field of play."

    Well, we're putting a stop to that!

    But reading these depressing accounts, and having regard to the cost-cutting that's gone on, I have to wonder about the future of those clubs still living in cloud-cuckoo land. And it's not just Portsmouth ...
     
  5. wfcmoog

    wfcmoog Tinpot

    Will these accounts include the 365 day a year income from the key worker flats, or is that still to come?

    Also, what about the potential sell on fee for Marlon King and the appearance money for Ashley Cole on Saturday?
     
  6. magyarorszag

    magyarorszag Squad Player

    i think we should start using the stadium to grow illegal drugs and sell them. i think thats where the money is at.
     
  7. wfcmoog

    wfcmoog Tinpot

    On that pitch? We can't even grow grass (the legal, cow food type).
     
  8. magyarorszag

    magyarorszag Squad Player

    I'm sure there is other places, such as the players lounge, bars etc.

    All you need is x amount of plant pots, x amount of seeds, high powered lights on a timer and something to get rid of the smell.

    1 plant = 6 ounces
    50 plants = 300 ounces
    1 ounce = we'll say 250 (if we're selling it all together opposed to £10, £20 at a time)

    300 x £250 = £75k

    oh, we need to think bigger...
     
  9. wfcthroughandthrough

    wfcthroughandthrough Squad Player

    People, new owners have promised to cover this shortfall of £3.5mill and therefore no need for a player sale at the moment. It will all depend on this time next year, but with players such as Ellington and Sadler off the wage bill, our losses will shrink.
     
  10. yelnred

    yelnred First Year Pro

  11. wfc4ever

    wfc4ever First Team Captain

    Lets hope Ashley Young is sold in the summer then and we get a good sell on fee!

    Good luck Malky on trying to keep the squad together.

    Suppose we'll still get some fans saying "why aren't we spending.."
     
  12. Berkohorn

    Berkohorn Reservist

    £3.5 mill only covers working capital needed to end of the financial year which is 30 June. What happens after that is a complete unknown and probably the major concern about the Bassini bid.

    From what I have seen no mention has been made about SERIOUS funding going forward - hopefully there are other backers behind Bassini.
     
  13. IRB

    IRB THe artist formally know as ImRonBurgundy?

    I dont know why people are relying on Ash Young money, he went to Villa, he doesnt even play for us anymore
     
  14. The Voice of Reason

    The Voice of Reason First Team Captain

    Because if they sell him on we will get 15% of any profit Villa make over and above what we sold him to them for :rolleyes:
     
  15. dg10

    dg10 Academy Graduate

    how much is ashley young worth
     
  16. Nnnn

    Nnnn First Team

    Does this take into account garden gnome sales?
     
  17. J.B

    J.B First Team

    Nice to see that the much-maligned 'DG10' nickname is catching on; you're welcome lads ;)
     
  18. wycombe_hornet

    wycombe_hornet Reservist

    Less and less each transfer window as his contract tuns out in 2012. I would say about 15m if he goes this summer.
     
  19. 20/20 Vision

    20/20 Vision Reservist

    Liverpool were reported in The Times to be ready to pay £20 million.
     
  20. Berkohorn

    Berkohorn Reservist

    I'm not sure we earn anything extra anymore. Maybe that sell-on expired after a period of time?

    Would be good if the club could confirm what the current status is. Anyway, even if we do earn anything do you think Bassini would allow it to go player purchases / wages - only time will tell.
     
  21. Hairyfrog

    Hairyfrog Squad Player

    I'm sure I read somewhere he is on Fergies wanted list.....bidding war?
     
  22. Nnnn

    Nnnn First Team

    Na, Villa have listed him as a Buy-It-Now
     
  23. PaddingtonsYellowArmy

    PaddingtonsYellowArmy First Team Captain

    he's on e-bay - starting bid 78p, closes 7/8/2011.
     
  24. Smudger

    Smudger Messi's Mad Coach Staff Member

    Gaddafi ?
     
  25. Shakespearo

    Shakespearo Reservist

    The only income from this deal was the £6.m sale of the land, which was effectively (or rather ineffectively) blown on Mr Ellington.
     
  26. 1976

    1976 Academy Graduate

    The words "key worker" and "Ellington" on the same page? Oxymoron surely!
     
  27. Berkohorn

    Berkohorn Reservist

    He's getting used to dealing with bomb sites - his experience will be invaluable at the Vic.
     
  28. 20/20 Vision

    20/20 Vision Reservist

    Losing DG would be bad enough - but how long do you think Malky will give it once a serial runner of businesses into the ground, his Mum's best mate, a knee surgeon and a lawyer have shown what they can do? Especially if the demoted Julian Winter decides that he's be better off elsewhere.
     
  29. wfcmoog

    wfcmoog Tinpot

    What about the income from the pub?
     
  30. PaddingtonsYellowArmy

    PaddingtonsYellowArmy First Team Captain

    my guess is the pub will be flogged off to " undisclosed bidders" for 100k to 200k -

    with a back hander whoops i meant an invoiced commission fee acount to some scum canut running the club in the future.
     
  31. R4E

    R4E Reservist

    Would you prefer a singer, a property developer, a Lord, a salad grower, a travel agent and an ice skater?
     
  32. 20/20 Vision

    20/20 Vision Reservist

    All of the above seem to have had the knack of making money, if not necessarily for Watford - but Bassini/Bazini can't even make it for himself.
     
  33. PaddingtonsYellowArmy

    PaddingtonsYellowArmy First Team Captain

  34. Hoopsa

    Hoopsa Academy Graduate

    We lost over £13 million over the year. £2.5 is nothing.
     
  35. wfc4ever

    wfc4ever First Team Captain

    The 60 or so million for promotion will cover that.

    I wonder what will happen to the likes of Cardiff if they fail to get up?
     

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