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Page last updated at 18:01 GMT, Wednesday, 19 November 2008

Watford announce fall in profits

Watford have revealed a fall in profits of more than 7m in annual accounts released to the Stock Exchange.

A reduction in pre-tax profits from 8m to 400,000 matches a decrease in revenue from 29.9m to 22.4m.

The loss is largely a result of the reduced television income following relegation from the Premier League.

Chairman Graham Simpson said they were now considering cheaper options to replace the East Stand at their Vicarage Road ground.

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see also
Elton quits as Watford president
06 Nov 08 |  Watford

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