hornets in trouble

Championship side Watford face administration

December 16, 2009
Watford stand on the brink of administration after the club asked for trading in their shares to be suspended.

Following a board meeting on Tuesday night at which chairman Jimmy Russo, vice-chairman Vince Russo and director Robin Williams all resigned, the club issued a statement to end trading of their shares on the Alternative Investment Market.

The statement read: "Pending resolution and clarification of their financial position, the company have requested that their shares ...

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