£4.88m in cash

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

  1. wfc4ever

    wfc4ever First Team Captain

    Well that is what we all want clearly although does this slove the problem of money running out by Tuesday 22nd?
  2. UEA_Hornet

    UEA_Hornet First Team Captain

    No. It'll have to be self-sustaining is my guess. Better a controlled descent into being a top League 1 side though (if that's what it takes) than a plummet to god knows where out of control and broke.
  3. hartvix

    hartvix Reservist

    I haven't read the news about Ashcroft buying out the Russos loan firsthand, but I'm suspecting he's just taking over the loan so that Watford Leisure PLC ows £4.88m to Fordwat instead of VGS now? So that won't change anything, but the share issue would clear the debts and inject £2.5m extra to start covering the shortfall. In that case, we're about £3m short until June 2010 after which things are looking better due to the wage bill being slashed, installments from transfers, some expensive player contract ending, etc.

    Yes, January will be sell-sell, but at least not by an administrator. That means we can get a fair price for Loach and other sellable players. Selling players for a fair price is 100x better than the gloomy outcomes that have been hanging over us these last few days!
  4. afanof

    afanof First Team

    It needs to be.
  5. oldmanray

    oldmanray Reservist

    Indeed - I wonder what the river will bring?

    Just one final question for all the thickos criticising the Russos, and kissing their latest hero's a r s e - how many of you 'disgusted of Chorleywood' types invested in the last scrip share issue in the club 'you love so much'?
  6. PaddingtonsYellowArmy

    PaddingtonsYellowArmy First Team Captain

    well if Booby Down is correct with his info -he stated villa are paying 3.5m for Loach.

    Come the revolution!

    we will remain and conquer every canut and every challenge that stands in our way!
  7. easthertshornet

    easthertshornet Reservist

    And still nothing about this momentous news on the WO website!
  8. UEA_Hornet

    UEA_Hornet First Team Captain

    Will share trading resume? How long until the club is delisted?
  9. oldmanray

    oldmanray Reservist

    Mmmmmmmm - the way forward is ......... sell all our (low paid/playing in the first team) talent to pay the wages of the Donkeys signed under Simpson ............ great!
  10. wfc4ever

    wfc4ever First Team Captain

    At least our league position will now be determined by how the team and Malky perfom on the pitch rather than because of some petty bitter dispute.

    Ofcourse we may well still lose certain players in the January window but at least that will be down to us (maybe we'll cash in on Loach and DeMerit who leaves for free in the summer)
  11. leighton buzzard horn

    leighton buzzard horn Squad Player

    I have also heard this from a very good source.
  12. UHORNS

    UHORNS V-Bookie

    Its Villa,surely we could get £9.5m out of em?
  13. wfcmoog

    wfcmoog Tinpot

    I am thinking along exactly the same lines.

    This is the beginning, rather than the end of our worries.

    Plus, I've broken my 4 month drinking duck, so it's taking me 50 times as long as it should to type this.
  14. wfcwarehouse

    wfcwarehouse Strangeland

    Fair enough, cheers for that UEA.

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