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Author Topic: Watford Set For Adminsitration  (Read 3810 times)
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Aaron Aardvark

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Absolute Calamity!




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« Reply #15 on: Friday, December 18, 2009, 16:50:46 »

I see that Russo wants his cash back quickly and has rejected the option of waiting a month while they do a rights issue.

There must be more to this though with him demanding his loan back, I suspect he wants full control of the club and will buy them back once they go into admin as he is likely to be biggest creditor
Rather the other way round - if he'd accepted the rights issue, it would have diluted his shareholding and given Ashcroft fuller control of the club without having to compensate the other shareholders. In fact it would have cost Russo brothers about half the money they're owed just to retain their existing shareholding. As I understand it, it's not about wanting money back quickly, it's about not wanting to be shafted by Ashcroft
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« Reply #16 on: Friday, December 18, 2009, 17:19:28 »

He now says he'll suspend his legal action provided he can guarantee a meeting with Ashcroft.
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Summerof69

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« Reply #17 on: Friday, December 18, 2009, 18:31:27 »

Apparently Ashcroft will now pay Russo the £4.88m....
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BAZINGA !!

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« Reply #18 on: Monday, December 21, 2009, 13:54:37 »

Apparently Ashcroft will now pay Russo the £4.88m....

And go ahaed with the rights issue, so they obviosuly want to dilute Russo's shareholding to make him a minorty shareholder and give Ashcroft full control of the club
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Bushey Boy

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« Reply #19 on: Monday, December 21, 2009, 15:21:16 »

Quite sad really as a smashing club, with good fans! Hope they sort it
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mexico red

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Demasiado no es demasiado




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« Reply #20 on: Monday, December 21, 2009, 15:28:47 »

what the fuck are you doing on here?
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Bushey Boy

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« Reply #21 on: Wednesday, December 23, 2009, 13:20:17 »

Mex, I will hurt you for putting that picture up on here!  In answer, thought I would pop on here to have a look, I quickly left Smiley
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land_of_bo

« Reply #22 on: Wednesday, December 23, 2009, 13:21:24 »

Mex, I will hurt you for putting that picture up on here! 

Are you going to bite his ankles?
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Bushey Boy

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« Reply #23 on: Friday, December 25, 2009, 08:52:52 »

Thats exactly what I will do
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