9:20am Thursday 24th December 2009
By Frank Smith
Watford manager Malky Mackay says a “great burden” has been lifted off Watford after the threat of administration receded but admits his transfer plans are still up in the air.
This week it was confirmed major shareholder Lord Michael Ashcroft had agreed to repay the Russo brothers the £4.88m they lent the club’s parent company Watford Leisure and stop it from going into administration.
Mackay said: “Administration means a deduction of points, it means people being sacked from their jobs and I don’t mean football people.
“I am talking about people who have worked at our football club and have done so for the last ten to 15 years, who love the club.
“A lot of that would have happened with an independent administrator, so the fact that that has been resolved takes a great weight and a great burden off the club.”
However, on Tuesday Mackay confirmed he was still in the dark as to how the agreement with Lord Ashcroft would affect his transfer dealings in January.
He said: “I think events over the last week have had to take precedence there. We have got a plan that we want to apply but the fact that there is so much uncertainty at the club this last week, that takes precedence.
“John Stephenson, in our recruitment department, makes sure all that runs properly but the fact there has been a change means we need to sit down again and look at it in January.”
Click here to read about the Lord Ashcroft agreement
Click here to see yesterday’s statement from Watford Leisure Plc
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