TOP 100 SOCCER SITES
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| Hornets avoid going into administration • Watford pay back nearly £5m owed by the club• Jimmy and Vince Russo had rejected rights-issue packageWatford have avoided going into administration by paying back nearly £5m that had been owed by the club to their former chairman and vice-chairman. The Hornets looked set to be forced into administration after the chairman Jimmy Russo and his brother Vince rejected a £7.5m rights-issue package from the majority shareholder Lord Michael Ashcroft last week, with Russo, who resigned last Tuesday, insisting the club must pay back the £4.88m he had lent them."Watford Leisure announces that on 21 December 2009 Fordwat Limited paid approximately £4.93m to Valley Grown Salads in full and final settlement of VGS' demand of 15 December 2009 for full repayment of approximately £4.88m in loans previously made available to the company," read a statement released by the club. "The sum of £4.93m paid by Fordwat included accrued interest and a contribution to the legal fees of VGS (in accordance with the loan agreement between VGS and the Company)."In connection with the above payment, on 21 December 2009 Watford Leisure signed an agreement with Fordwat for a loan to the Company of approximately £4.93m, repayable on demand and accruing interest at the rate of 4.5% above the base rate of Barclays Bank plc (except in default when the rate rises to base rate plus 7.5%)."Furthermore, it is the understanding of both Watford Leisure and Fordwat that security over the Vicarage Road Stadium for the Fordwat Loan, replacing that of VGS, will be put in place in due course."The purpose of the Fordwat Loan was to prevent the company being placed in administration by VGS."WatfordChampionshipBusinessguardian.co.uk © Guardian News & Media Limited 2009 | Use of this content is subject to our Terms & Conditions | More Feeds guardian.co.uk |
A tale of two Lionel Messis Why hasn't Lionel Messi, the best player on the planet, been able to duplicate his outstanding club form with FC Barcelona for Argentina's national team? cbc.ca |
West Ham-Wolves and Wigan-Aston Villa called off West Ham's match against Wolves, scheduled for tomorrow, postponed due to conditions in area surrounding Upton Park. telegraph.co.uk |
Aston Villa v Blackburn - live! Hit F5 for the latest posts or press the auto-update button and see what happens. Send your banter the way of gregg.roughley@guardian.co.uk and you can follow Liverpool v Spurs here if you like. Check all of tonight's live scores hereKick-off at Villa Park is at 7.45pm but Gregg will be here from 7.15pm. In the meantime here's a hastily prepared preambleMartin O'Neill can take the Villans to their first cup final in 10 years if they draw or win at Villa Park tonight. They take a 1-0 advantage into the match, courtesy of James Milner's prod home from a couple of yards out at Ewood Park, and should be expected to see out the job in front of an expectant crowd.In fact so expectant have the Villa faithful been of late that O'Neill had to endure abuse from a small section of supporters after the 0-0 draw at home to West Ham on Sunday. You would hope a Carling Cup final at Wembley will finally sate the ungrateful few's hunger for success, but the modern-day football fan is a strange, often overweight and quite lonely, beast so O'Neill shouldn't expect an apology anytime soon despite continued steady progress in Aston over the past three and a half years. As for Blackburn, it was refreshing to see Sam Allardyce state that Rovers' season rests on reaching Wembley, not finishing 16th in the Premier League. It's a bugbear of mine that often managers and chairmen suppose that fans will be perfectly happy to see their team finish in mid-table obscurity while ignoring the chances of success on offer in the Carling, FA and Uefa (Europa League) Cups. I'm sure at least trying in one of those competitions won't scupper a relegation battle and give supporters something tangible to cheer. See you shortly.Carling CupAston VillaBlackburn RoversGregg Roughleyguardian.co.uk © Guardian News & Media Limited 2010 | Use of this content is subject to our Terms & Conditions | More Feeds guardian.co.uk |
Leeds stuns Tottenham, Chelsea through in FA Cup Leeds kept its FA Cup run alive by stunning Tottenham while Chelsea kept its hopes alive with a 2-0 win over Preston. cbc.ca |