Date: 1st December 2008 at 1:59pm
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A motion for shareholders to propose a ‘vote of no confidence` in the current Watford board was withdrawn today after the surprising resignation of Hornets chairman Graham Simpson.

The Russo Brothers, known commercially as Valley Grown Salad, had tabled the motion for discussion at this morning’s bizaarely timed AGM but Simpson threw in the towell early on – after over 6 years at the helm.

Simpson – who has been involved with Watford for 9 years – hands the reigns over to non executive director Andrew Wilson (who will head up Watford Leisure) with immediate effect.

Rumours had been rife that the Russo`s – both ardent Chelsea fans – were preparing a takeover bid after being removed from the Watford last season amid much controversy.