Former chairman offers lifeline to Watford

Watford have been handed a lifeline to resolve their financial peril by former chairman Jimmy Russo.

Former chairman offers lifeline to Watford
Fri, 18 Dec, 2009 - 16:50

Watford have been handed a lifeline to resolve their financial peril by former chairman Jimmy Russo.

The Hornets looked set to be forced into administration after Russo and brother Vince, the club’s former vice-chairman, rejected a £7.5m rights-issue package from majority shareholder Lord Michael Ashcroft on Wednesday.

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