£4.88m in cash

Discussion in 'The Hornets' Nest - Watford Chat' started by PaddingtonsYellowArmy, Dec 18, 2009.

  1. PaddingtonsYellowArmy

    PaddingtonsYellowArmy First Team Captain

    laugh my nuts off if a securicor van turned up at valley green offices with it all in coins - count that Jimbob, trust us, its all there.
    :sign15::]]
     
  2. AshdonWFC

    AshdonWFC Prediction League Champion 2011/12

    I reckon you would struggle to get that in a Securicor van, as beefy as they are...
     
  3. Evasive

    Evasive Requiescat in pace

    Love it PYA ;D
     
  4. cazgoodwin66

    cazgoodwin66 Forum Tall Person

    How about two vans then?
     
  5. johnparrack

    johnparrack Reservist

    sod sending it in a van...make the To$$er come and collect it!
     
  6. Kylie Minogue

    Kylie Minogue Reservist

    Well that god that's all over and done with.

    Happy Christmas all round!
     
  7. Hornet36

    Hornet36 Reservist

    Yessssssssssss we are safe
     
  8. touching cloth

    touching cloth Forum Gynocologyst

    Ashcroft offers to pay Russos their £4.88m - on SSN now

    see above
     
  9. Hornet36

    Hornet36 Reservist

    old news mate
     
  10. touching cloth

    touching cloth Forum Gynocologyst

    go on then.... Merge me
     
  11. Hornet36

    Hornet36 Reservist

    Padd beat u to it but very good news
     
  12. touching cloth

    touching cloth Forum Gynocologyst

    'kin 'ell ! it's only a couple of minutes old
     
  13. UHORNS

    UHORNS V-Bookie

    Also means we're likely to see Simpson back running the club.
    Come on Jimmy your move!!
     
  14. Warrington Hornet

    Warrington Hornet Reservist

  15. afanof

    afanof First Team

    what's happened?
     
  16. touching cloth

    touching cloth Forum Gynocologyst

    he's been sat watching SSN all day with a new thread open and ready to be the first to report anything
     
  17. kingjames77

    kingjames77 Squad Player

    hahahahaha PMSL that would be soooooooooooooooo funny.

    Move over Evans, McIntyre, Boyle, Henry.... all of ya, youve got nothing on PYA. :dismay:
     
  18. Smithy

    Smithy Moderator Staff Member

    "Watford will not go into administration after Lord Michael Ashcroft offers Jimmy Russo his £4.88 million"

    SSN Breaking News.

    "This could of been done 9 months ago. I'd like the Watford fans to know that I'm not a bad guy"


    - Jimmy Russo.


    Out of admin da da da da
     
  19. Far away Hornet

    Far away Hornet Academy Graduate

    so is LA only pay 5mils for Russos and give us nothing or is he still gives us something? The money to run the club is out this Tuesday anyway
     
  20. PaddingtonsYellowArmy

    PaddingtonsYellowArmy First Team Captain

    no not at all - people who are thinking this are wrong, wrong, wrong.

    GS will not be coming back to the board and that is good for all concerned.

    I would imagine that all Ashcroft ( as investor) and even GS ( as a fan) would want is a board of directors independent of any shareholder doing the best for wfc = for ashcroft a chance to get some profit form his original INVESTMENT or LOAN for OMR as its not an investment really..

    Ashcroft has said he willnot let the club go into administration, but that doesn't mean others can do as they please with it and then demand this that and the other and make threats that no one wants to hear.
     
  21. wfcSinatra

    wfcSinatra Predictor Choker 14/15

    i love SSN, everythings lookingg better not totally convinced were safee
     
  22. PaddingtonsYellowArmy

    PaddingtonsYellowArmy First Team Captain

    actually not TC - in my office all day - but after all of todays silence, then calls to talk and no response - i calcualted there was only one move that was next on the agenda - think i even wrote about it where OMR and KINGJAMES write it of as naive.

    Just a calculated guess but quite good timing.
     
  23. UHORNS

    UHORNS V-Bookie

    I hope your right PYA.
    But I also believe JR has done wonders for this club in the last year or two(compared to GS).I know your not a fan of JR,but I honestly think we'd have been screwed without him.And i'm still a bit wary without him leading our club.
     
  24. His Royal Hornet

    His Royal Hornet Top Quality Banter

    If this saves us from going into administration I will be very happy.
     
  25. UEA_Hornet

    UEA_Hornet First Team Captain

    So Ashcroft is going to pay Jimbob off? Hmmm...well it's not going to be free. Is Ashcroft taking over the Russo situation by loaning the club the money with a charge over the ground? Or is he doing as others suggested and carrying on with the rights issue regardless? In which case the Russo bluff hasn't just been called it's been annihilated. They'll have to pay to keep their influence in the club.
     
  26. His Royal Hornet

    His Royal Hornet Top Quality Banter

    Hopefully this is the end of all this.
     
  27. UEA_Hornet

    UEA_Hornet First Team Captain

    Not by any means. Capital still has to be raised to cover the ongoing liabilities through til initially next summer.
     
  28. hartvix

    hartvix Reservist

    At least the immediate threat of administration is gone. And if Fordwat go through with the rights issue they may well end up as majority owners, plus some cash injected to help with the shortfall. That would be very good. As witnessed the last few days, we don't want a loan from a minority shareholder hanging over us. Well done, Ashcroft.
     
  29. wfcwarehouse

    wfcwarehouse Strangeland

    Good news. Will he provide the club with finance to be going on with does anybody know?
     
  30. oldmanray

    oldmanray Reservist

    It's amazing how LA can suddenly find the money to pay off The Russos, but only when their threat of Admin compromised his shareholding, and it's 'value'.

    Where was this 'benevolence' in the last 18 months when Homer had all but killed the club, and The Bruvs were desperately pumping away at the Life Support machine?

    All very sad, and sordid .......

    I thank The Russos for keeping a club I used to love alive - I fear for it's future, hopefully I'm wrong.
     
  31. PaddingtonsYellowArmy

    PaddingtonsYellowArmy First Team Captain

    Hopefully its the end of A MESS and HOSTILE SHYTE - NOW between them - surely as businessmen, fan and billionaire they can actually forge a business relationship.

    The point about being succefull is combining your skills, knowkledge and financial clout - not ucking having wars and board room struggles.

    Now - I would love to chair a meeting between these three parties to get a deal workable for all of them, us as fans for the future of wfc and get this club back on track, stronger, wiser and totally united in its aim.

    But I is just a lil bear, naive, and foolish.
     
  32. UEA_Hornet

    UEA_Hornet First Team Captain

    The flip side of course is that now this loan is cleared the club has no significant debt. It can return to the old model of using the banks though costs will undoubtedly have to be cut. January transfer window could still be savage!
     
  33. PaddingtonsYellowArmy

    PaddingtonsYellowArmy First Team Captain

    cracking hand of poker this!
     
  34. nak108

    nak108 International Captain

    Hopefully everything will be fully sorted.

    It looks like there is now no immediate threat of admin but hopefully there is a way for us to be stable in the long term.
     
    Last edited: Dec 18, 2009
  35. Keano

    Keano Reservist

    i have little more than no respect for either group after this fiasco....seems at least they have sorted it. seems a horrible lack of communication between everyone with umteen sides to every development......more beer and peterboro tomoz....


    now where were we.....ah yes....playoffs this year?
     

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