BBC Sport football

IN ASSOCIATION WITH

Related BBC sites

Page last updated at 15:09 GMT, Tuesday, 1 December 2009

Watford chairman Jimmy Russo loans 1m to stay afloat

Watford

Watford chairman Jimmy Russo has loaned the club's parent company £1m for the club to survive the next month.

Russo paid the loan to Watford Leisure PLC on Friday but a statement to the Stock Exchange revealed they need £5.5m more to continue until the end of June.

The current loan will only be enough to cover the holding company's cash needs until 22 December.

The Hornets could need to sell players in January, with England under-21 keeper Scott Loach likely to leave.

If more funding is not available to the club, the board is expected to seek a suspension of trading in Watford Leisure's shares on the Alternative Investment Market.



Print Sponsor


BBC iD

Sign in

BBC navigation

Copyright © 2019 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.