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4:15pm Thursday 17th December 2009 in WFC in Crisis
By Frank Smith
Watford legend Graham Taylor has been named interim chairman of the Hornets following the resignation of Jimmy Russo.
Non-executive director Taylor took charge at Tuesday's AGM following Russo's resignation and he will continue in that role in the immediate future.
Comments(83)
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JamesA
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4:21pm Thu 17 Dec 09
Berks Horn
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4:24pm Thu 17 Dec 09
Rooky wgc
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4:35pm Thu 17 Dec 09
WFC4ever
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4:38pm Thu 17 Dec 09
Berks Horn wrote:Quite...he is likely to be very angry that the egos and personal disputes of the shareholders is threatening the status of our/his club..
At least there's one honest, grown up involved. My security word, believe it or not, is "cash-weak" - the Wobby guys must spend too much time making these up themselves!
jasonwatford
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4:44pm Thu 17 Dec 09
Richard - Come On You Golden Boys!
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4:45pm Thu 17 Dec 09
jasonwatford
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4:47pm Thu 17 Dec 09
herts hornet
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4:51pm Thu 17 Dec 09
Rooky wgc
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4:59pm Thu 17 Dec 09
WFC4ever
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5:32pm Thu 17 Dec 09
Rooky wgc wrote:Exactly he just wants what is best for the club as a Watford man so clearly going to back anyone who wants to actually put money in to prevent administration...alt
I don't think he's on anyone's side. He wants WFC to succeed and he's doing all he can to that aim. I suspect that these political manoeuvrings infuriate him! Richard (above) has got it spot on.
Derek Payne
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5:37pm Thu 17 Dec 09
WFC4ever
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5:43pm Thu 17 Dec 09
Wags it all about? wrote:Here come the personal insults fairly decent debates get ruined with..
Richard You usually spout utter drivel and this latest tosh is very unsavoury indeed. Firstly, try to keep your tory sentiments to yourself, they are not relevant nor welcome. You must be rather dim or perhaps just dumb to conveniently forget why this whole sorry episode has come to this. This last chance saloon throw of the dice by the tory and latesty spin on the club website urging the russo's to 'do the right thing' is kidding only delluded wombats like you. Irritants like you with silly annoying names like yours (hip hip hooray!!) add nothing to this discussion but a curious mix of disdain and amusement
pstannard1
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5:55pm Thu 17 Dec 09
enlightened one
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6:04pm Thu 17 Dec 09
mellow yellow
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6:04pm Thu 17 Dec 09
jasonsoloman
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6:04pm Thu 17 Dec 09
Billie
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6:06pm Thu 17 Dec 09
WFC4ever wrote:Quite so. The Russo's were kicked in the teeth before by GS and Wilson, Ashcrofts representative. There were no thanks for the brothers efforts. Why has Ashcroft waited until now to suddenly help? Jim and Vince have twice come to WFC's aid, this time whilst Ashcroft and GS refused loans to help the club survive the rubbish management under Simpson. Fordwat now have the audacity, with all the wealth at their disposal, to try to force Jim and Vince to leave £4.7m loans in the club and come up with yet more to maintain their minority stake through the rights issue. That is taking the pi** and I can't see two proud and honest guys buying into that. I wouldn't. As WFC4ever says, why hasn't Ashcroft done this before. Our beloved family club has become a very unpleasant place under Simpson. My guess is that Jim and Vince will not play this game, and I for one don't blame them. I thank them for their efforts for my club and I am sorry it has given them so much heartache. Does anyone seriously think they should trust the majority shareholders in this thoroughly rotten part of our history. I feel great support for GT who like Malky will do their utmost for the right reasons. IMHO we are going into administration and if so I blame the majority shareholders...they have had the majority control throughout, so they are and always have been in ultimate control. Therefore they are responsible. Frankly they sicken me, as does this latest transparent manouvre...not GT's appointment, which is brilliant, I mean the rights issue being conditional on Jim and Vince leaving their money in. It is thoroughly spiteful and sickening.
Rooky wgc wrote: I don't think he's on anyone's side. He wants WFC to succeed and he's doing all he can to that aim. I suspect that these political manoeuvrings infuriate him! Richard (above) has got it spot on.Exactly he just wants what is best for the club as a Watford man so clearly going to back anyone who wants to actually put money in to prevent administration...alt hough GT might as asking the question: Why didn't Mr Ashcroft come forward earlier as requested by the Russos. My main worry is the Russo will feel Lord Ashcroft and Simpson wanted them out so why should they help out?
JamesA
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6:14pm Thu 17 Dec 09
imuz
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6:17pm Thu 17 Dec 09
cliff46
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6:19pm Thu 17 Dec 09
Wags it all about?
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6:20pm Thu 17 Dec 09
jasonwatford
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6:20pm Thu 17 Dec 09
WFC4ever
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6:22pm Thu 17 Dec 09
Derek Payne
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6:23pm Thu 17 Dec 09
jasonwatford wrote:There might not even be a club to buy. They will own the ground, and we'll probably go into liquidation.
Act of a spoilt kid.....you Fat Arroganyt salad munching arsehole ! You will allways be remenbered for this and dont you ever try to buy OUR club......dance on your grave i would you knob.....hate you
Billie
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6:24pm Thu 17 Dec 09
JamesA wrote:James, so the end justifies any means? Sorry, I don't buy that. Support the guys who supported us when we needed it. You'll have your opinion, I will have mine. It will all be down to opinion, but Jim and Vince stuck millions in at short notice when they did not create the problem. Let the majority shareholders who did create the problem do likewise. Let them put their money where their mouths are, as the Russo's did. We treated them shamefully before and we are doing the same again, and I want no part in it. This is transparent politicking. It is the majority shareholders letting the club go into administration.
Whatever the merits or otherwise of their case, I find the idea that the Russo's would let the club go into administration sickening. This is what they will be remembered for.
V.o.R
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6:24pm Thu 17 Dec 09
Wags it all about? wrote:mong
WFC4ever
Point noted and I'm humble enough to accept that my comments may have been a tad harsh, but you can guess I am not a big fan of Richard's.
If you've read my previous contributions then you would know I have made objective and constructive points.
For those of you who are taken in by comments such as Richards;
I do not wish to bring party politics to this discussion as I do not see any relevance.
As has been stated previously, and sorry to spell it out in simple terms, but the majority shareholders ashcroft and simpson allowed the 30% shareholders (the russos's) to take a punt with £5m. These funds were loaned from VGS, the Russo's fresh produce business.
During arguably the most financially serious period in the clubs recent history, where we started this term as relegation candidates, who chose to sit back and contribute zilch to help the club???? This despite a year of discussing offers tabled from Jimmy to find a solution to put the club back on solid ground
Now at the eleventh hour ashcroft is somehow being hailed by some as a saviour? - this is fantasy, please WAKE UP
V.o.R
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6:26pm Thu 17 Dec 09
Billie wrote:I think you're struggling with this
JamesA wrote:James, so the end justifies any means? Sorry, I don't buy that. Support the guys who supported us when we needed it. You'll have your opinion, I will have mine. It will all be down to opinion, but Jim and Vince stuck millions in at short notice when they did not create the problem. Let the majority shareholders who did create the problem do likewise. Let them put their money where their mouths are, as the Russo's did. We treated them shamefully before and we are doing the same again, and I want no part in it. This is transparent politicking. It is the majority shareholders letting the club go into administration.
Whatever the merits or otherwise of their case, I find the idea that the Russo's would let the club go into administration sickening. This is what they will be remembered for.
imuz
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6:28pm Thu 17 Dec 09
imuz
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6:30pm Thu 17 Dec 09
jasonwatford
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6:33pm Thu 17 Dec 09
Chris the Vic
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6:33pm Thu 17 Dec 09
jasonsoloman
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6:34pm Thu 17 Dec 09
duckfan10
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6:34pm Thu 17 Dec 09
pstannard1 wrote:Well a tory has been involved for many years - let's not bring politics into this - its not helpfull
Sorry Richard but i'd rather let the club die than have that tory involved in the club.
imuz
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6:37pm Thu 17 Dec 09
4boys
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6:41pm Thu 17 Dec 09
Billie
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6:43pm Thu 17 Dec 09
V.o.R wrote:Actually no vOr. I do struggle to communicate with someone who uses words like 'mong' to describe others, something that used to be used for people with mental disabilities, but I am used to your prejudices so I will respond. I care about my club but principles are more important than football, and Watford have until your mates turned up operated with principle. I personally do believe we will face administration and it will bring shame on the majority shareholders. It may take some media analysis of which I am sure there will be much with Ashcroft involved. However it is a bit like the Government trying to blame a minority party in a coalition for a dodgy budget when they never bothered to even turn up for Parliament. I am sure there will be flak directed at the Russo's but the longer term analysis? Interesting. For instance, if the AGM was misled a year or so ago about share options for GS and MA there could be serious repurcussions.
Billie wrote:I think you're struggling with thisJamesA wrote: Whatever the merits or otherwise of their case, I find the idea that the Russo's would let the club go into administration sickening. This is what they will be remembered for.James, so the end justifies any means? Sorry, I don't buy that. Support the guys who supported us when we needed it. You'll have your opinion, I will have mine. It will all be down to opinion, but Jim and Vince stuck millions in at short notice when they did not create the problem. Let the majority shareholders who did create the problem do likewise. Let them put their money where their mouths are, as the Russo's did. We treated them shamefully before and we are doing the same again, and I want no part in it. This is transparent politicking. It is the majority shareholders letting the club go into administration.
jasonwatford
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6:47pm Thu 17 Dec 09
duckfan10
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6:48pm Thu 17 Dec 09
Chris the Vic wrote:Some good points, but you fail to mention that the Russo's have always been minority shareholders so knew the risk involved. It seems to me that it requires Ashcroft and Russo to come to some agreement - without that this mess will happen again firther down the road.
The Russos took the club on and did well after the Homer Horror Show. Now the weasel Ashcroft has seen a chance to make money and he has been helped by the non execs . Ashcrofts game is simple..get control of WFC. If the Russos dont subscribe effectively their shareholding will halve. Simpson hasnt got the money so Forwat pick up his rights and will end up with close to 50% or more. The Russos if they yes to the deal either tie up cash in minority shares or see the holding reduce. Ashcroft will then lend money to WFC, secure the ground and redevelopment of West Watford gets even more lucrative. And all this by taking the club to the brink and then ripping off others with the help of naive directors. Not a lot in it for Jimmy to say yes or no and we have lost a sensible chairman. I am glad the club continues but I will be so much happier under completely different ownership. I also take no pleasure in being proved right when Jimmy said no to a rights issue months ago and was believed by Biz,prof plum etc because at the end I doubted Jimmy Russo and to date he has proved to be a good businessman and a man of integrity
MrMfatic
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6:53pm Thu 17 Dec 09
Wags it all about?
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6:56pm Thu 17 Dec 09
T.O
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6:59pm Thu 17 Dec 09
V.o.R
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6:59pm Thu 17 Dec 09
Wags it all about? wrote:You're struggling with all this a little..............
James A (for...h**e presumably) and retard (simpson the silver pox lover)
You are both hideously a lost cause...
Jason you need to grow up as you are clearly living in cloud cuckoo land - take a step back and use your brain for a second and if you can then ask yourself WHO was actually really responsible for this situation.
I'll give you a clue it was not the Russo's
WFC4ever
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7:00pm Thu 17 Dec 09
MrMfatic wrote:Trouble is I could see clubs even wanting Harley,Hodson etc for various reasons:
Personally disappointed with the Russo's. There was an offer on the table to save the club from administration and they have turned it down. As GT has said i thought they wanted to do the right thing by the club. Rejecting the offer is not the right thing. A possible play off place will be lost as will our loan signings with I suspect a fire sale in Jan (Loach and maybe others Graham , De Merit etc etc) Russo has put money in but it has been secured against the ground and with interest so he always knew he would get it back. In the past the likes of Elton gifted the money to the club this is the difference
V.o.R
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7:01pm Thu 17 Dec 09
Billie wrote:Yes Billie you maybe right but that's really secondary right now.
V.o.R wrote:Actually no vOr. I do struggle to communicate with someone who uses words like 'mong' to describe others, something that used to be used for people with mental disabilities, but I am used to your prejudices so I will respond. I care about my club but principles are more important than football, and Watford have until your mates turned up operated with principle. I personally do believe we will face administration and it will bring shame on the majority shareholders. It may take some media analysis of which I am sure there will be much with Ashcroft involved. However it is a bit like the Government trying to blame a minority party in a coalition for a dodgy budget when they never bothered to even turn up for Parliament. I am sure there will be flak directed at the Russo's but the longer term analysis? Interesting. For instance, if the AGM was misled a year or so ago about share options for GS and MA there could be serious repurcussions.
Billie wrote:I think you're struggling with thisJamesA wrote: Whatever the merits or otherwise of their case, I find the idea that the Russo's would let the club go into administration sickening. This is what they will be remembered for.James, so the end justifies any means? Sorry, I don't buy that. Support the guys who supported us when we needed it. You'll have your opinion, I will have mine. It will all be down to opinion, but Jim and Vince stuck millions in at short notice when they did not create the problem. Let the majority shareholders who did create the problem do likewise. Let them put their money where their mouths are, as the Russo's did. We treated them shamefully before and we are doing the same again, and I want no part in it. This is transparent politicking. It is the majority shareholders letting the club go into administration.
Richard - Come On You Golden Boys!
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7:01pm Thu 17 Dec 09
Wags it all about?
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7:03pm Thu 17 Dec 09
MrMfatic
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7:11pm Thu 17 Dec 09
Wags it all about? wrote:Im not supporting Ashcroft and yes you are right he should have stepped in before.
mr mfatic comparing the russo's to EJ is ridiculous, go back to go.
Duckfan, why do you wish to thank ashcroft for not bothering to broker a deal with the russo's during the past year and thus preventing this situation?
Thank is hardly the term any right minded person would use,
and PLEASE don't fall for the 'do the right thing' spin. Ashcroft had one year to focus his time on doing just one useful thing connected to WFC, but chose not to.
Wags it all about?
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7:17pm Thu 17 Dec 09
Only 2 Ross Jenkins
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7:25pm Thu 17 Dec 09
Billie
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7:35pm Thu 17 Dec 09
Richard - Come On You Golden Boys! wrote:Problem with the diplomacy issue, the brothers were basically taken to a wall and shot a couple of years back. The problems stem from that grotesque act when Ashton, fully backed by Wilson (Ashcroft) was voted on the Board at their expense. What did he bring to the party? Second time around, when they have done their utmost to save the club, with NO help from Fordwat, they get criticised gor gunboat diplomacy. That's pretty unreasonable. I also think the attempts to publicly smear the brothers does not do GT justice. The majority shareholders have shafted them. It does GTs reputation no good to suggest it is their doing to take the club into administration. This is a hatchet job engineered by people responsible for our plight. So transparent and sickening. The lefty media journalists are going to love this.
Oh dear, didn't realise Richard was a silly namw, However, I'm not going to stoop to the level of some on this site, but as I've been saying for some time it is not a Black & White situation. If you don't want to support the club because Ashcroft is a Tory, that's your choice, but perhaps you need to know he's actually been providing financial support to us for many years now? His biggest mistake was allowing Simpson & Ashton to squander all the Premiership money and now he's stepped in (for the third time I think) with a cast-iron proposal to bail us out. The Russos have done superbly to reduce the size of the problem, but their crude attempts at Gunboat diplomacy to force Ashcroft to the table over recent weeks show their limitations. I also don't think the courts would support an application from them for a winding-up order if they persist with their ridiculous and spiteful demand for immediate payment on a secured loan. Have faith in GT - if not the Lord. By the way, I'm not sure how many Socialist Billionaires there are funding Football Clubs these days or maybe the Monster Raving Looney Party would get your support? Come On You Golden Boys.
WFC4ever
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7:40pm Thu 17 Dec 09
Only 2 Ross Jenkins wrote:Hope your right.
Fairly sure there will be more moves from each side here - stay tuned! I predict no administration and a Happy Christmas for everyone
duckfan10
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7:43pm Thu 17 Dec 09
Wags it all about? wrote:He is offering 7.5 million NOW - how much are you offering?
mr mfatic comparing the russo's to EJ is ridiculous, go back to go. Duckfan, why do you wish to thank ashcroft for not bothering to broker a deal with the russo's during the past year and thus preventing this situation? Thank is hardly the term any right minded person would use, and PLEASE don't fall for the 'do the right thing' spin. Ashcroft had one year to focus his time on doing just one useful thing connected to WFC, but chose not to.
Wags it all about?
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7:44pm Thu 17 Dec 09
Grinns
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7:46pm Thu 17 Dec 09
Billie
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7:47pm Thu 17 Dec 09
Wags it all about? wrote:Thanks Wags, vOr will of course sneer at any mutual respect. Sadly I know a lot more about this than I would like. I suspect you do too.
Billie Spot on, I'm on the same page, I get it, so refreshing. Congratulations for having the 'audacity' to speak about integrity, principles, factual events - an alien concept to those who side with ashcroft and simpson.
Wags it all about?
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7:53pm Thu 17 Dec 09
Wags it all about?
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7:56pm Thu 17 Dec 09
V.o.R
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7:58pm Thu 17 Dec 09
Billie wrote:You two have touched base haven't you, wouldn't be surprised if you're having a thought shower as we speak
Wags it all about? wrote:Thanks Wags, vOr will of course sneer at any mutual respect. Sadly I know a lot more about this than I would like. I suspect you do too.
Billie Spot on, I'm on the same page, I get it, so refreshing. Congratulations for having the 'audacity' to speak about integrity, principles, factual events - an alien concept to those who side with ashcroft and simpson.
V.o.R
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8:09pm Thu 17 Dec 09
Wags it all about? wrote:sec: Nob-cheese
Grinns
Just saw your comment, please be sure to ask santa for a brain won't you, cos clearly Neanderthal comments like yours suggest you are missing one
duckfan10
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8:18pm Thu 17 Dec 09
Wags it all about? wrote:Your logic is also broken
duckfan Now is too late for anything, end of - you need to get up to speed with what has actually HAPPENED this past year. 7.5m for what exactly?? Billie is right in pointing out this saga has brought unnecessary media attention to our club, this sort of PR lives long in the memory. For someone with ashcrofts alleged business 'success' this is a self created, humiliating debacle. I do hope you will understand that I need to take a break from this mind numbing experience as I am beginning to feel like a broken record
Billie
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8:21pm Thu 17 Dec 09
V.o.R wrote:Filth from vOr as usual when faced with a rational response not to her liking.
Wags it all about? wrote: Grinns Just saw your comment, please be sure to ask santa for a brain won't you, cos clearly Neanderthal comments like yours suggest you are missing onesec: Nob-cheese
V.o.R
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8:23pm Thu 17 Dec 09
Billie wrote:"Sadly I know a lot more about this than I would like" ******
Wags it all about? wrote:Thanks Wags, vOr will of course sneer at any mutual respect. Sadly I know a lot more about this than I would like. I suspect you do too.
Billie Spot on, I'm on the same page, I get it, so refreshing. Congratulations for having the 'audacity' to speak about integrity, principles, factual events - an alien concept to those who side with ashcroft and simpson.
V.o.R
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8:25pm Thu 17 Dec 09
Billie wrote:sanctimonious OLD git!!
V.o.R wrote:Filth from vOr as usual when faced with a rational response not to her liking.
Wags it all about? wrote: Grinns Just saw your comment, please be sure to ask santa for a brain won't you, cos clearly Neanderthal comments like yours suggest you are missing onesec: Nob-cheese
Stacy Hart
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8:32pm Thu 17 Dec 09
Wandsworth Horn
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8:37pm Thu 17 Dec 09
Billie
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10:33pm Thu 17 Dec 09
V.o.R wrote:I always think vOr, and sometimes know. This time I know. You could do with thinking once in a while. If you did you would never have fallen for Ashton's spin to become his delivery boy for his pictures. Who paid for them?
Billie wrote:"Sadly I know a lot more about this than I would like" ****** ***** Edit "Sadly * I THINK Iknow a lot more about this than I would like FixedWags it all about? wrote: Billie Spot on, I'm on the same page, I get it, so refreshing. Congratulations for having the 'audacity' to speak about integrity, principles, factual events - an alien concept to those who side with ashcroft and simpson.Thanks Wags, vOr will of course sneer at any mutual respect. Sadly I know a lot more about this than I would like. I suspect you do too.
derry pigweed
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10:40pm Thu 17 Dec 09
V.o.R wrote:But you don't know more Retard stop pretending you do!
Billie wrote:"Sadly I know a lot more about this than I would like" ****** ***** Edit "Sadly * I THINK Iknow a lot more about this than I would like FixedWags it all about? wrote: Billie Spot on, I'm on the same page, I get it, so refreshing. Congratulations for having the 'audacity' to speak about integrity, principles, factual events - an alien concept to those who side with ashcroft and simpson.Thanks Wags, vOr will of course sneer at any mutual respect. Sadly I know a lot more about this than I would like. I suspect you do too.
V.o.R
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10:59pm Thu 17 Dec 09
derry pigweed
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11:29pm Thu 17 Dec 09
V.o.R wrote:RJ
No money passed hands...........Natu rally! As I've said before, one ill judged and another misinformed--ultimat ely acknowledged.... Hardly a crime to rival RJ at this juncture now is it. Derry: please change your user name to thickas_pigsheet, be a bit more apt, is it grim up north tonight?
derry pigweed
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11:34pm Thu 17 Dec 09
derry pigweed wrote:Retard who is RJ?
V.o.R wrote: No money passed hands...........Natu rally! As I've said before, one ill judged and another misinformed--ultimat ely acknowledged.... Hardly a crime to rival RJ at this juncture now is it. Derry: please change your user name to thickas_pigsheet, be a bit more apt, is it grim up north tonight?RJ you are a ?
Holly68
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11:36pm Thu 17 Dec 09
Billie wrote:Billie is right !!!
JamesA wrote:James, so the end justifies any means? Sorry, I don't buy that. Support the guys who supported us when we needed it. You'll have your opinion, I will have mine. It will all be down to opinion, but Jim and Vince stuck millions in at short notice when they did not create the problem. Let the majority shareholders who did create the problem do likewise. Let them put their money where their mouths are, as the Russo's did. We treated them shamefully before and we are doing the same again, and I want no part in it. This is transparent politicking. It is the majority shareholders letting the club go into administration.
Whatever the merits or otherwise of their case, I find the idea that the Russo's would let the club go into administration sickening. This is what they will be remembered for.
Holly68
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11:36pm Thu 17 Dec 09
Billie wrote:Billie is right !!!
JamesA wrote:James, so the end justifies any means? Sorry, I don't buy that. Support the guys who supported us when we needed it. You'll have your opinion, I will have mine. It will all be down to opinion, but Jim and Vince stuck millions in at short notice when they did not create the problem. Let the majority shareholders who did create the problem do likewise. Let them put their money where their mouths are, as the Russo's did. We treated them shamefully before and we are doing the same again, and I want no part in it. This is transparent politicking. It is the majority shareholders letting the club go into administration.
Whatever the merits or otherwise of their case, I find the idea that the Russo's would let the club go into administration sickening. This is what they will be remembered for.
jack petchey
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10:46am Fri 18 Dec 09
V.o.R
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7:54pm Sat 19 Dec 09
Holly68 wrote:Were you part of the agenda also?
Billie wrote:Billie is right !!!
JamesA wrote:James, so the end justifies any means? Sorry, I don't buy that. Support the guys who supported us when we needed it. You'll have your opinion, I will have mine. It will all be down to opinion, but Jim and Vince stuck millions in at short notice when they did not create the problem. Let the majority shareholders who did create the problem do likewise. Let them put their money where their mouths are, as the Russo's did. We treated them shamefully before and we are doing the same again, and I want no part in it. This is transparent politicking. It is the majority shareholders letting the club go into administration.
Whatever the merits or otherwise of their case, I find the idea that the Russo's would let the club go into administration sickening. This is what they will be remembered for.
Plus what was the Russo's proposal ?
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