Date: 18th December 2009 at 12:11am
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Ex-Chairman Jimmy Russo has broken his silence about why he will be putting the club into administration first thing tomorrow morning.

The Chelsea fan and Salad Boy spoke to Sky Sports News earlier this evening and had this to say:

‘I don’t want to put the club into administration, I want to sit round the table and find a sensible situation. It is not the priority to put them into administration, it is not what I want,’ Russo told Sky Sports News.

‘The offer that was placed to me is wholly unacceptable.

‘It was a ridiculous offer that would have meant me having to produce another £2.25million to get back my original 30 per cent holding back. So I get my £4.8million but I would need to produce another £2.3million.

‘But what they haven’t told you is that I wouldn’t get a place on the board – so in essence I produce the money but I would have no say in how the club would be run.

‘If we want to have an amiable situation, let’s sit around the table. The club is the heart of the Watford community and I can’t become a bad guy over night – my contribution has been massive, I became concerned about the treatment we have received and we have been treated poorly.

‘I don’t want to put them into administration. I want the other party to come to the table to agree a way forward that benefits everyone.’


A man quite clearly motivated soley by money, a man who for the last six or seven months has been telling his how he’ll give his all to help the club back onto it’s feet and so on and so on.

That he is concerned about paying £2.3m more for shares shows his priorities lie with his own fortune and not with the club’s well-being. You have to wonder why he ever bothered becoming chairman.