http://www.watfordobserver.co.uk/sport/localsport/3744679._We_have_potential_buyers_/
"...we would like to reassure all our supporters yet again that the club remains financially stable and there is absolutely no danger of a 'catastrophe'." Club Statement, 2nd Oct 2008.
Sorry Graham but this time you've lost me. Kind of like I grudingly went along with Vialli for the good of the team until THAT team selection at Hillsborough. Up until now I've always been grateful you helped rescue the club post-Vialli and believed most of what was said about our affairs.
But I cannot except that a week last Thursday you stated we are financially stable and then eight days later come out with the following points...
Simpson confirmed the club do have an overdraft facility which they are likely to need to dip into within a matter of weeks
“The world has changed, but I’ve been pointing out that’s going to happen for some time now, and it’s my job to make sure this club remains as a club and doesn’t disappear off the face of the earth. And I think perhaps, for the first time ever, you may see clubs disappearing.”
Turning to the money required to build a new East Stand, Simpson, who has previously admitted that the money ring-fenced for it “was spent last year,”, said: “Do we have the funding to build the East Stand at this moment in time? No we don’t."
“The fact of the matter is... we are trying to find somebody with deeper pockets than mine – I haven’t got the funds – but people will speculate and everybody has got their point of view,” he said. “But fans need to get real."
Okay, for a start, we are about to go into the red. So we're not financially stable then Graham?
The world has changed, by that I take it you're blaming the 'credit crunch' for our current plight. Yet, you go on to say you forecast it! So why have you allowed us to get into this situation? Why spend any money trying to get back to the Premiership? Because if you ask the fans we'd rather have a secure club than have another depressing season getting beaten by the likes of Middlesborough.
We might see clubs disappearing. Is that a veiled threat that if someone doesn't come in that will be our fate?
You previously said the East Stand money was ring fenced. Now, its been spent. So why should we believe anything you've said either previously or in the future? If you'd come out and said at the time 'the situation is dire, we need that money' then maybe fair enough. But to admit it months later makes it look like you were about to be caught out (possibly by Elton) and so have been forced to tell the truth.
Yet after all this, its the fans that should get real???? If you'd done that in the first place Graham we wouldn't now be in this mess.
And I still can't help thinking where did all the Premiership money go?
