Watford Short News Items

3CR are on in five minutes, hopefully they'll shed a bit of light on things.

 

I agree mate, he just has to be there other wise it will be seen as dodging the fans and the uncomfortable questions which inevitably will be asked (and rightly so)

 

3CR confirm that Bassini has pulled out.

 

Bassini is not there!! marks has confirmed that

 

Thrown a bloody sick note! Not impressed!

 

chickened out????

 

I have started a thread dedicated to the FF so that we dont clog this one up with chatter about it. Feel free to join me.

 

FTRE review of the first half of the match.

http://audioboo.fm/boos/537075-half-time-bishop-stortford-3-watfordfc-1

 

The club have published the accounts for the period up to June. Better than last years £8m loss, only £4m this time around. This does however turn into a profit because the £13m debt to the parent club was cancelled.

http://www.watfordfc.com/staticFiles/e6/93/0,,10400~168934,00.pdf

I think that there might be quite a lot in there when I can spend some time with them.

 

Articles of association.
Section 4
sub section 4.3
No share shall be transferred to any infant, bankrupt or any person with mental
disorder.

That LB then, an infant, bankrupt and a mental disorder...............

 

The club is actually insolvent owing £1.3m more than the total assests.

However since the report money has come in, and David Franson has had half of his £500,000 re-payed with the remainder to be paid in March.

 

Initial reading seems to be an improvement , but like you need some more time to work through word for word! Wheres Leo and Aberdeen when you need them?

 

still haemorrhaging money but at least at a reduced rate! So were in the red by £4m plus what we owe on the bonds (£13M)

 

Some sort of analysis here:

http://www.wfcforums.com/showthread.php?40373-Financial-Results-Year-ending-June-2011

 

Thanks Harrow
Not keen on the idea of losing Mappy or Marvin ,although I assume it will be necessary, also explains why were are overloaded on strikers and centre halves!
Just concerned that whilst were are reducing debt at a good rate , we are eroding the quality of the team faster!

 

Good find harrow, thanks for that. I'm really not good with numbers but it looks better, as long as we stay up things will be chugging along a bit. i can see us losing Marv in January, but i doubt we'll lose Mapps. (i hope not!)

 

I`m learning to trust your Crystal ball H

 

Just a thought , but after what has happened recently I hope GT doesnt use the December AGM as the forum to announce his departure

 

lol uh oh..pressure on the crystal ball! lol