I thought the discussion had drifted over to the other "in defence of Bas" thread so I posted a similar sentiment there. Sorry if this is seen as de trop. But the picture revealed by Timperley is indeed worrying. He too must have been annoyed to have been left in the firing line by Bas, and so maybe was a bit more candid than might otherwise have been the case--there does not seem to be a great deal of solidarity at board level at the moment. I get the impression that Bas is out of his depth . His approach to management does not suit a business like Watford F.C. He seems impulsive, not prepared to listen to or trust his senior managers --or his "customers" , the fans. He has no experience of running a business a large as this one , and he has never run a business where he is expected to act in a transparent manner. He seems to prefer secrecy to openness, and has a problem with the idea of "accountability". If he did default on the bond repayment and Ashcroft came back (with a professional CEO ) that would be a blessing (not in disguise).
Another strange thing has just come to mind. Timperley stated last night that the club was running in balance at the moment, yet Bas has stated that he has just put in another £1m to ensure that costs can be met for the next month. Could they be talking about two different things? Men have been working on the tannoy system and the Red Lion which could account for cash requirements, so is the whole thing being lumped together with no distinction between capital expenditure and running costs of the club?
good point M Frenchie...i hadn't noticed that discrepancy...hmm. It just adds to the thought that nobody seems to know exactly what's going on...
Why would an ordinary businessman put £1m into stadium development, and not milk it for every brownie point it's worth? Yet surely it has to be stadium development or building work. Otherwise, to lose £1m in a month would mean spending £21m on a turnover of around £9m. Then again, this is Watford, so that's possible. On a more positive note, one massive thing to come out of last night was the indirect but nigh-on unambiguous reassurance that we haven't torn up our salary structure.
