Pozzos complete Watford takeover (From This Is Local London)

Hungry_Hornet wrote:
Nothing on the official site yet...

dmuz wrote:

Hungry_Hornet wrote:
Nothing on the official site yet...

The article says that it will be announced later today. Someone needs to get on the old type writer and produce a press release I imagine.

Hungry_Hornet wrote:

dmuz wrote:

Hungry_Hornet wrote:
Nothing on the official site yet...

The article says that it will be announced later today. Someone needs to get on the old type writer and produce a press release I imagine.

I know it says that but until it's not on the official site, it's not official so I'm not celebrating.

I want this takeover to happen as much as everyone else, but am not celebrating until it's official.

AussieHornetsFan wrote:
Awesome news...looking forward to exciting times ahead.. Just wish more games were televised so I could watch from Sydney.

Colin West's mullet wrote:
suggestions for Bassini's next move? Can we have a poll please WO?

1. Potman at the Red/Yellow Lion
2. Lucrative international public speaking tour
3. Chancellor of the Exchequer

watford1881 wrote:
Now will Dyche be out??
Hope we don't end up regretting the takeover... Only time will tell....

watford1881 wrote:
Now will Dyche be out??
Hope we don't end up regretting the takeover... Only time will tell....

Colin West's mullet wrote:

watford1881 wrote:
Now will Dyche be out??
Hope we don't end up regretting the takeover... Only time will tell....

I get the feeling that stuff will come out over the next few weeks that will make us all realise just how essential this takeover was.

Mickey Quinn, not so thin wrote:

Colin West's mullet wrote:

watford1881 wrote:
Now will Dyche be out??
Hope we don't end up regretting the takeover... Only time will tell....

I get the feeling that stuff will come out over the next few weeks that will make us all realise just how essential this takeover was.

Yes. We can argue long and hard about whether we suffered or benefited from Bas' reign, but this MUST be good news. Both from what we are assuming the Pozzos want to achieve, AND what might have happened in the future under Bas. Think we are all on the same side now? Wonder how long it will last before the first "Pozzos out" message ?

Can't wait to hear their plans. Bet we wont have to wait weeks to hear as we did with Bas !!

mrbankrupt wrote:

Mickey Quinn, not so thin wrote:

Colin West's mullet wrote:

watford1881 wrote:
Now will Dyche be out??
Hope we don't end up regretting the takeover... Only time will tell....

I get the feeling that stuff will come out over the next few weeks that will make us all realise just how essential this takeover was.

Yes. We can argue long and hard about whether we suffered or benefited from Bas' reign, but this MUST be good news. Both from what we are assuming the Pozzos want to achieve, AND what might have happened in the future under Bas. Think we are all on the same side now? Wonder how long it will last before the first "Pozzos out" message ?

Can't wait to hear their plans. Bet we wont have to wait weeks to hear as we did with Bas !!

Everybody on here is happy with the take over.
But good old Quinny has to mention about the first Pozzo Out post.
What is wrong with you,Get a life!

tonupchris wrote:
All negative posts should now be banned till we lose at Palace having sold Hogg, Murray, Mariappa, sacked Deeney, no payments to staff and it turns out that the Pozzo's own a Ford Grandada.

mrbankrupt wrote:

tonupchris wrote:
All negative posts should now be banned till we lose at Palace having sold Hogg, Murray, Mariappa, sacked Deeney, no payments to staff and it turns out that the Pozzo's own a Ford Grandada.

i think if we win every game and sign Messi Watford1881 wouldn't be happy.(but even clappers like him can'y spoil my day)
Big hug to you to Quinny

Colin West's mullet wrote:
Whilst I do understand the lack of huge excitement about Zola's impending arrival, I'd like to say the following:

Not every young manager starts their career at full pace (Hoofroyd did, and look at him now), and there are very, very few (Ferguson the only one I can think of, possibly GT & Gradi) who have never been sacked.

Most West Ham fans say Zola had one great season and one terrible one, and let's not forget he had one of the smaller budgets in the PL.

Hopefully he has learned some lessons from that. His West Ham team played the kind of football their fans can only dream about now - the kind of football we might have been playing if Judas R*dg*rs had stuck around.

One of the challenges of trying to play attractive football in this league is that it can take time to get the team right- both in terms of personnel & style/tactics - and time is a luxury not available to most managers in this (or any other) league. The fact that the Pozzos have a truly excellent track record of stable, long-term planning that has been absolutely & entirely successful is a great indicator that they will allow the new manager (assuming it will be Zola) the time & resources to build and develop his side.

There are no guarantees in football, but I am genuinely excitied about WFC for the first time since AB left. I love & defend pretty much all styles of football - one of the things that makes it the world's finest sport is that it can be played in so many different ways -but the thought of a financially stable Watford playing attractive passing football is something I didn't think I'd be seeing anytime soon.

So, whilst Sean can feel rightly hard done-by to lose his job, I wouldn't prevent it if it were in my power. I welcome the new regime with open arms - including Zola, the Italian Fonz.

santa-says wrote:
I really hope this stuff about replacing Dyche is rubbish - he's been good and is loyal and gives us continuity.

garston tony wrote:
Sale completion announced on radio 5 a few minutes ago. good stuff, hopefully Pozzo's will give us concrete info on plans soon. hope SD stays too

Chris the Vic wrote:
Their first mistake is, if rumours are true, will be to get rid of Sean Dyche. But it wont be long before he gets fixed up and with a good pay off in his pocket. Thanks to bas for apparently sourcing such a beneficial takeover.

buckler wrote:
Old news Buckler told you this was happening weeks ago! Bye bye Bas and a big welcome to the Great Pozzo!

Colin West's mullet wrote:
Whilst I do understand the lack of huge excitement about Zola's impending arrival, I'd like to say the following:

Not every young manager starts their career at full pace (Hoofroyd did, and look at him now), and there are very, very few (Ferguson the only one I can think of, possibly GT & Gradi) who have never been sacked.

Most West Ham fans say Zola had one great season and one terrible one, and let's not forget he had one of the smaller budgets in the PL.

Hopefully he has learned some lessons from that. His West Ham team played the kind of football their fans can only dream about now - the kind of football we might have been playing if Judas R*dg*rs had stuck around.

One of the challenges of trying to play attractive football in this league is that it can take time to get the team right- both in terms of personnel & style/tactics - and time is a luxury not available to most managers in this (or any other) league. The fact that the Pozzos have a truly excellent track record of stable, long-term planning that has been absolutely & entirely successful is a great indicator that they will allow the new manager (assuming it will be Zola) the time & resources to build and develop his side.

There are no guarantees in football, but I am genuinely excitied about WFC for the first time since AB left. I love & defend pretty much all styles of football - one of the things that makes it the world's finest sport is that it can be played in so many different ways -but the thought of a financially stable Watford playing attractive passing football is something I didn't think I'd be seeing anytime soon.

So, whilst Sean can feel rightly hard done-by to lose his job, I wouldn't prevent it if it were in my power. I welcome the new regime with open arms - including Zola, the Italian Fonz.

JohnnyHornet wrote:

Colin West's mullet wrote:
Whilst I do understand the lack of huge excitement about Zola's impending arrival, I'd like to say the following:

Not every young manager starts their career at full pace (Hoofroyd did, and look at him now), and there are very, very few (Ferguson the only one I can think of, possibly GT & Gradi) who have never been sacked.

Most West Ham fans say Zola had one great season and one terrible one, and let's not forget he had one of the smaller budgets in the PL.

Hopefully he has learned some lessons from that. His West Ham team played the kind of football their fans can only dream about now - the kind of football we might have been playing if Judas R*dg*rs had stuck around.

One of the challenges of trying to play attractive football in this league is that it can take time to get the team right- both in terms of personnel & style/tactics - and time is a luxury not available to most managers in this (or any other) league. The fact that the Pozzos have a truly excellent track record of stable, long-term planning that has been absolutely & entirely successful is a great indicator that they will allow the new manager (assuming it will be Zola) the time & resources to build and develop his side.

There are no guarantees in football, but I am genuinely excitied about WFC for the first time since AB left. I love & defend pretty much all styles of football - one of the things that makes it the world's finest sport is that it can be played in so many different ways -but the thought of a financially stable Watford playing attractive passing football is something I didn't think I'd be seeing anytime soon.

So, whilst Sean can feel rightly hard done-by to lose his job, I wouldn't prevent it if it were in my power. I welcome the new regime with open arms - including Zola, the Italian Fonz.

I have only 2 mates and they are both West ham fans and say that Zola was a complete disaster, so let's hope not, Carry on SD

cliff46 wrote:
I see that the BBC website states that Watford were advised by administrator Andrew Andronikov, I am sure he was the man that acted in that capacity for Portsmouth.
Does that mean we were in deeper financial mess than has so far been admitted or was he just acting as a paid advisor?

mrbankrupt wrote:

JohnnyHornet wrote:

Colin West's mullet wrote:
Whilst I do understand the lack of huge excitement about Zola's impending arrival, I'd like to say the following:

Not every young manager starts their career at full pace (Hoofroyd did, and look at him now), and there are very, very few (Ferguson the only one I can think of, possibly GT & Gradi) who have never been sacked.

Most West Ham fans say Zola had one great season and one terrible one, and let's not forget he had one of the smaller budgets in the PL.

Hopefully he has learned some lessons from that. His West Ham team played the kind of football their fans can only dream about now - the kind of football we might have been playing if Judas R*dg*rs had stuck around.

One of the challenges of trying to play attractive football in this league is that it can take time to get the team right- both in terms of personnel & style/tactics - and time is a luxury not available to most managers in this (or any other) league. The fact that the Pozzos have a truly excellent track record of stable, long-term planning that has been absolutely & entirely successful is a great indicator that they will allow the new manager (assuming it will be Zola) the time & resources to build and develop his side.

There are no guarantees in football, but I am genuinely excitied about WFC for the first time since AB left. I love & defend pretty much all styles of football - one of the things that makes it the world's finest sport is that it can be played in so many different ways -but the thought of a financially stable Watford playing attractive passing football is something I didn't think I'd be seeing anytime soon.

So, whilst Sean can feel rightly hard done-by to lose his job, I wouldn't prevent it if it were in my power. I welcome the new regime with open arms - including Zola, the Italian Fonz.

I have only 2 mates and they are both West ham fans and say that Zola was a complete disaster, so let's hope not, Carry on SD

i only have 2 mates lol your not strummerjoe by any chance

JohnnyHornet wrote:

Colin West's mullet wrote:
Whilst I do understand the lack of huge excitement about Zola's impending arrival, I'd like to say the following:

Not every young manager starts their career at full pace (Hoofroyd did, and look at him now), and there are very, very few (Ferguson the only one I can think of, possibly GT & Gradi) who have never been sacked.

Most West Ham fans say Zola had one great season and one terrible one, and let's not forget he had one of the smaller budgets in the PL.

Hopefully he has learned some lessons from that. His West Ham team played the kind of football their fans can only dream about now - the kind of football we might have been playing if Judas R*dg*rs had stuck around.

One of the challenges of trying to play attractive football in this league is that it can take time to get the team right- both in terms of personnel & style/tactics - and time is a luxury not available to most managers in this (or any other) league. The fact that the Pozzos have a truly excellent track record of stable, long-term planning that has been absolutely & entirely successful is a great indicator that they will allow the new manager (assuming it will be Zola) the time & resources to build and develop his side.

There are no guarantees in football, but I am genuinely excitied about WFC for the first time since AB left. I love & defend pretty much all styles of football - one of the things that makes it the world's finest sport is that it can be played in so many different ways -but the thought of a financially stable Watford playing attractive passing football is something I didn't think I'd be seeing anytime soon.

So, whilst Sean can feel rightly hard done-by to lose his job, I wouldn't prevent it if it were in my power. I welcome the new regime with open arms - including Zola, the Italian Fonz.

I have only 2 mates and they are both West ham fans and say that Zola was a complete disaster, so let's hope not, Carry on SD

Mickey Quinn, not so thin wrote:

cliff46 wrote: I see that the BBC website states that Watford were advised by administrator Andrew Andronikov, I am sure he was the man that acted in that capacity for Portsmouth. Does that mean we were in deeper financial mess than has so far been admitted or was he just acting as a paid advisor?

Thought the same thing - why otherwise would an administrator be involved? Can only assume non payment of debt/interest meant the bondholders were entitled to appoint an administrator to achieve the sale.

Back from Hammerau wrote:

Mickey Quinn, not so thin wrote:

cliff46 wrote: I see that the BBC website states that Watford were advised by administrator Andrew Andronikov, I am sure he was the man that acted in that capacity for Portsmouth. Does that mean we were in deeper financial mess than has so far been admitted or was he just acting as a paid advisor?

Thought the same thing - why otherwise would an administrator be involved? Can only assume non payment of debt/interest meant the bondholders were entitled to appoint an administrator to achieve the sale.

He may have been involved as an accountant with experience of football who happens to sometimes be an administrator.
An administrator is someone approved by a court to take over the running a club when it's gone through the legal process of going into administration.

Dunderdale Pinner wrote:
Great news. Hope the Pozzo's will hold a fans forum in the near future and outline their plans and ideas for WFC. As I said in an earlier text I cannot see any reason why SD cannot stay as manager and any newcomer (Zola) be Director of Football. I believe that to be the continental way.

peter10531089 wrote:
With the Pozzo's onboard we can potentially offer young prospects at the academy the chance to gain experience in La Liga, Serie A and (hopefully in time) the Premiership - no other club can do this.

Furthermore if we were to mirror Granada's success and get into the Premiership the TV income and revenues would mean that the Pozzo's would be more inclined to juggle their playing resources in favour of ensuring the Hornets retain that status - Antonio De Natale on loan might be nice!
Udinese are known to have a great scouting network and bring in lots of players of south america, some make it some dont and the ones that do move for significant fees that get reinvested back into infrastructure and other fresh talent - with this as a back up either Dyche or Zola would be in a position as head coach rather than Manager, their coaching ability with a multicultural dressing room would be the most important thing (so Dyche's recruiting record is kind of irrelevant moving forward).

In answer to the person who asked what loyalty Dyche has shown - he has stayed at the club rather than go to Cardiff, he came back to learn his coaching craft in 2007 and worked with the youth team, the development squad, part fo the management team until taking the hot seat himself. In football these days this would qualify for a long service medal! He has done well and whilst the new owners may choose to change management, most supporters have been impressed with his calmness under pressure, his improvement was a very steep learning curve last season and he showed that he could improve the team he had and in doing so forged the most united feeling at Watford since Graham Taylor was in charge of the team (ironically only the owner felt out of place)

Mickey Quinn, not so thin wrote:

Back from Hammerau wrote:

Mickey Quinn, not so thin wrote:

cliff46 wrote: I see that the BBC website states that Watford were advised by administrator Andrew Andronikov, I am sure he was the man that acted in that capacity for Portsmouth. Does that mean we were in deeper financial mess than has so far been admitted or was he just acting as a paid advisor?

Thought the same thing - why otherwise would an administrator be involved? Can only assume non payment of debt/interest meant the bondholders were entitled to appoint an administrator to achieve the sale.

He may have been involved as an accountant with experience of football who happens to sometimes be an administrator. An administrator is someone approved by a court to take over the running a club when it's gone through the legal process of going into administration.

Hammerau - thanks, I know this, but interesting he was involved given his expertise in insolvency. I didn't mean we had entered administration, just that it clearly needed someone with his skills/background so the situation was clearly pretty serious.. "Andrew re-joined the London office in January 1999 as Turnaround & Recovery Partner, ..... was responsible for leading its corporate recovery and insolvency department. He has extensive experience in Bank receivership and investigation assignments, and also liquidation appointments. He is particularly interested in undertaking corporate reconstruction work, such as Administrations and Company Voluntary Arrangements. Andrew has headed a number of high profile appointments including the recent Administration of Portsmouth Football Club, the first premier league club in history to enter Administration"

Back from Hammerau wrote:

Mickey Quinn, not so thin wrote:

Back from Hammerau wrote:

Mickey Quinn, not so thin wrote:

cliff46 wrote: I see that the BBC website states that Watford were advised by administrator Andrew Andronikov, I am sure he was the man that acted in that capacity for Portsmouth. Does that mean we were in deeper financial mess than has so far been admitted or was he just acting as a paid advisor?

Thought the same thing - why otherwise would an administrator be involved? Can only assume non payment of debt/interest meant the bondholders were entitled to appoint an administrator to achieve the sale.

He may have been involved as an accountant with experience of football who happens to sometimes be an administrator. An administrator is someone approved by a court to take over the running a club when it's gone through the legal process of going into administration.

Hammerau - thanks, I know this, but interesting he was involved given his expertise in insolvency. I didn't mean we had entered administration, just that it clearly needed someone with his skills/background so the situation was clearly pretty serious.. "Andrew re-joined the London office in January 1999 as Turnaround & Recovery Partner, ..... was responsible for leading its corporate recovery and insolvency department. He has extensive experience in Bank receivership and investigation assignments, and also liquidation appointments. He is particularly interested in undertaking corporate reconstruction work, such as Administrations and Company Voluntary Arrangements. Andrew has headed a number of high profile appointments including the recent Administration of Portsmouth Football Club, the first premier league club in history to enter Administration"

It didn't "clearly need" someone with his insolvency skills/experience. You're just assuming it did.
It may simply have been his wider football club finance experience for which he was involved.

Gash69 wrote:
I am really happy that the takeover appears to have been completed, in this case better the devil you don't know !. However my biggest concern is that Sean will lose his job, he has performed miracles on a shoestring & hould definitely be involved moing forward, Gianfranco was a fantastic player but his pedigree as a manager does not stand close scrutiny & for me I am a little scarred from the last time we a an ex Chelsea italian superstar as a manager !!

Colin West's mullet wrote:

Back from Hammerau wrote:

Mickey Quinn, not so thin wrote:

Back from Hammerau wrote:

Mickey Quinn, not so thin wrote:

cliff46 wrote: I see that the BBC website states that Watford were advised by administrator Andrew Andronikov, I am sure he was the man that acted in that capacity for Portsmouth. Does that mean we were in deeper financial mess than has so far been admitted or was he just acting as a paid advisor?

Thought the same thing - why otherwise would an administrator be involved? Can only assume non payment of debt/interest meant the bondholders were entitled to appoint an administrator to achieve the sale.

He may have been involved as an accountant with experience of football who happens to sometimes be an administrator. An administrator is someone approved by a court to take over the running a club when it's gone through the legal process of going into administration.

Hammerau - thanks, I know this, but interesting he was involved given his expertise in insolvency. I didn't mean we had entered administration, just that it clearly needed someone with his skills/background so the situation was clearly pretty serious.. "Andrew re-joined the London office in January 1999 as Turnaround & Recovery Partner, ..... was responsible for leading its corporate recovery and insolvency department. He has extensive experience in Bank receivership and investigation assignments, and also liquidation appointments. He is particularly interested in undertaking corporate reconstruction work, such as Administrations and Company Voluntary Arrangements. Andrew has headed a number of high profile appointments including the recent Administration of Portsmouth Football Club, the first premier league club in history to enter Administration"

It didn't "clearly need" someone with his insolvency skills/experience. You're just assuming it did. It may simply have been his wider football club finance experience for which he was involved.

read Andronikov's statement and you will see that it clearly did need someone with his skills/background. He makes references to ensuring the short-term future of the club. There aren't two ways of looking at that.

Back from Hammerau wrote:

Colin West's mullet wrote:

Back from Hammerau wrote:

Mickey Quinn, not so thin wrote:

Back from Hammerau wrote:

Mickey Quinn, not so thin wrote:

cliff46 wrote: I see that the BBC website states that Watford were advised by administrator Andrew Andronikov, I am sure he was the man that acted in that capacity for Portsmouth. Does that mean we were in deeper financial mess than has so far been admitted or was he just acting as a paid advisor?

Thought the same thing - why otherwise would an administrator be involved? Can only assume non payment of debt/interest meant the bondholders were entitled to appoint an administrator to achieve the sale.

He may have been involved as an accountant with experience of football who happens to sometimes be an administrator. An administrator is someone approved by a court to take over the running a club when it's gone through the legal process of going into administration.

Hammerau - thanks, I know this, but interesting he was involved given his expertise in insolvency. I didn't mean we had entered administration, just that it clearly needed someone with his skills/background so the situation was clearly pretty serious.. "Andrew re-joined the London office in January 1999 as Turnaround & Recovery Partner, ..... was responsible for leading its corporate recovery and insolvency department. He has extensive experience in Bank receivership and investigation assignments, and also liquidation appointments. He is particularly interested in undertaking corporate reconstruction work, such as Administrations and Company Voluntary Arrangements. Andrew has headed a number of high profile appointments including the recent Administration of Portsmouth Football Club, the first premier league club in history to enter Administration"

It didn't "clearly need" someone with his insolvency skills/experience. You're just assuming it did. It may simply have been his wider football club finance experience for which he was involved.

read Andronikov's statement and you will see that it clearly did need someone with his skills/background. He makes references to ensuring the short-term future of the club. There aren't two ways of looking at that.

His skills as an administrator are in things like getting creditors to agree to take less money from a cash-strapped business. Why would that be relevant when the club's being bought by very wealthy people?
Maybe I'm being cynical, but I suspect that most people taking over clubs assure the fans by saying the future is secure, although should we be worried that we're only being promised that the "immediate future" is secure?

Mickey Quinn, not so thin wrote:

Back from Hammerau wrote:

Mickey Quinn, not so thin wrote:

cliff46 wrote: I see that the BBC website states that Watford were advised by administrator Andrew Andronikov, I am sure he was the man that acted in that capacity for Portsmouth. Does that mean we were in deeper financial mess than has so far been admitted or was he just acting as a paid advisor?

Thought the same thing - why otherwise would an administrator be involved? Can only assume non payment of debt/interest meant the bondholders were entitled to appoint an administrator to achieve the sale.

He may have been involved as an accountant with experience of football who happens to sometimes be an administrator.
An administrator is someone approved by a court to take over the running a club when it's gone through the legal process of going into administration.

Hammerau - thanks, I know this, but interesting he was involved given his expertise in insolvency. I didn't mean we had entered administration, just that it clearly needed someone with his skills/background so the situation was clearly pretty serious..

"Andrew re-joined the London office in January 1999 as Turnaround & Recovery Partner, ..... was responsible for leading its corporate recovery and insolvency department.

He has extensive experience in Bank receivership and investigation assignments, and also liquidation appointments. He is particularly interested in undertaking corporate reconstruction work, such as Administrations and Company Voluntary Arrangements. Andrew has headed a number of high profile appointments including the recent Administration of Portsmouth Football Club, the first premier league club in history to enter Administration"

Colin West's mullet wrote:

Back from Hammerau wrote:

Colin West's mullet wrote:

Back from Hammerau wrote:

Mickey Quinn, not so thin wrote:

Back from Hammerau wrote:

Mickey Quinn, not so thin wrote:

cliff46 wrote: I see that the BBC website states that Watford were advised by administrator Andrew Andronikov, I am sure he was the man that acted in that capacity for Portsmouth. Does that mean we were in deeper financial mess than has so far been admitted or was he just acting as a paid advisor?

Thought the same thing - why otherwise would an administrator be involved? Can only assume non payment of debt/interest meant the bondholders were entitled to appoint an administrator to achieve the sale.

He may have been involved as an accountant with experience of football who happens to sometimes be an administrator. An administrator is someone approved by a court to take over the running a club when it's gone through the legal process of going into administration.

Hammerau - thanks, I know this, but interesting he was involved given his expertise in insolvency. I didn't mean we had entered administration, just that it clearly needed someone with his skills/background so the situation was clearly pretty serious.. "Andrew re-joined the London office in January 1999 as Turnaround & Recovery Partner, ..... was responsible for leading its corporate recovery and insolvency department. He has extensive experience in Bank receivership and investigation assignments, and also liquidation appointments. He is particularly interested in undertaking corporate reconstruction work, such as Administrations and Company Voluntary Arrangements. Andrew has headed a number of high profile appointments including the recent Administration of Portsmouth Football Club, the first premier league club in history to enter Administration"

It didn't "clearly need" someone with his insolvency skills/experience. You're just assuming it did. It may simply have been his wider football club finance experience for which he was involved.

read Andronikov's statement and you will see that it clearly did need someone with his skills/background. He makes references to ensuring the short-term future of the club. There aren't two ways of looking at that.

His skills as an administrator are in things like getting creditors to agree to take less money from a cash-strapped business. Why would that be relevant when the club's being bought by very wealthy people? Maybe I'm being cynical, but I suspect that most people taking over clubs assure the fans by saying the future is secure, although should we be worried that we're only being promised that the "immediate future" is secure?

er, maybe because the club appointed him because of his experience, the reason being that the club was in dire straits and needed to find a buyer?

Back from Hammerau wrote:

Colin West's mullet wrote:

Back from Hammerau wrote:

Mickey Quinn, not so thin wrote:

Back from Hammerau wrote:

Mickey Quinn, not so thin wrote:

cliff46 wrote: I see that the BBC website states that Watford were advised by administrator Andrew Andronikov, I am sure he was the man that acted in that capacity for Portsmouth. Does that mean we were in deeper financial mess than has so far been admitted or was he just acting as a paid advisor?

Thought the same thing - why otherwise would an administrator be involved? Can only assume non payment of debt/interest meant the bondholders were entitled to appoint an administrator to achieve the sale.

He may have been involved as an accountant with experience of football who happens to sometimes be an administrator. An administrator is someone approved by a court to take over the running a club when it's gone through the legal process of going into administration.

Hammerau - thanks, I know this, but interesting he was involved given his expertise in insolvency. I didn't mean we had entered administration, just that it clearly needed someone with his skills/background so the situation was clearly pretty serious.. "Andrew re-joined the London office in January 1999 as Turnaround & Recovery Partner, ..... was responsible for leading its corporate recovery and insolvency department. He has extensive experience in Bank receivership and investigation assignments, and also liquidation appointments. He is particularly interested in undertaking corporate reconstruction work, such as Administrations and Company Voluntary Arrangements. Andrew has headed a number of high profile appointments including the recent Administration of Portsmouth Football Club, the first premier league club in history to enter Administration"

It didn't "clearly need" someone with his insolvency skills/experience. You're just assuming it did. It may simply have been his wider football club finance experience for which he was involved.

read Andronikov's statement and you will see that it clearly did need someone with his skills/background. He makes references to ensuring the short-term future of the club. There aren't two ways of looking at that.

His skills as an administrator are in things like getting creditors to agree to take less money from a cash-strapped business. Why would that be relevant when the club's being bought by very wealthy people?
Maybe I'm being cynical, but I suspect that most people taking over clubs assure the fans by saying the future is secure, although should we be worried that we're only being promised that the "immediate future" is secure?

Mickey Quinn, not so thin wrote:

Back from Hammerau wrote:

Colin West's mullet wrote:

Back from Hammerau wrote:

Mickey Quinn, not so thin wrote:

Back from Hammerau wrote:

Mickey Quinn, not so thin wrote:

cliff46 wrote: I see that the BBC website states that Watford were advised by administrator Andrew Andronikov, I am sure he was the man that acted in that capacity for Portsmouth. Does that mean we were in deeper financial mess than has so far been admitted or was he just acting as a paid advisor?

Thought the same thing - why otherwise would an administrator be involved? Can only assume non payment of debt/interest meant the bondholders were entitled to appoint an administrator to achieve the sale.

He may have been involved as an accountant with experience of football who happens to sometimes be an administrator. An administrator is someone approved by a court to take over the running a club when it's gone through the legal process of going into administration.

Hammerau - thanks, I know this, but interesting he was involved given his expertise in insolvency. I didn't mean we had entered administration, just that it clearly needed someone with his skills/background so the situation was clearly pretty serious.. "Andrew re-joined the London office in January 1999 as Turnaround & Recovery Partner, ..... was responsible for leading its corporate recovery and insolvency department. He has extensive experience in Bank receivership and investigation assignments, and also liquidation appointments. He is particularly interested in undertaking corporate reconstruction work, such as Administrations and Company Voluntary Arrangements. Andrew has headed a number of high profile appointments including the recent Administration of Portsmouth Football Club, the first premier league club in history to enter Administration"

It didn't "clearly need" someone with his insolvency skills/experience. You're just assuming it did. It may simply have been his wider football club finance experience for which he was involved.

read Andronikov's statement and you will see that it clearly did need someone with his skills/background. He makes references to ensuring the short-term future of the club. There aren't two ways of looking at that.

His skills as an administrator are in things like getting creditors to agree to take less money from a cash-strapped business. Why would that be relevant when the club's being bought by very wealthy people?
Maybe I'm being cynical, but I suspect that most people taking over clubs assure the fans by saying the future is secure, although should we be worried that we're only being promised that the "immediate future" is secure?

Look, everything about his cv says "expert at dealing with businesses in financial trouble and getting them out of the brown stuff" whether that's via administration, financial restructure, CVAs, whatever.

Now that could be a complete coincidence, but I suggest everything else we are hearing re unpaid payroll, unpaid creditors, unpaid bondholders means it isn't.

Back from Hammerau wrote:

Dunderdale Pinner wrote:
Great news. Hope the Pozzo's will hold a fans forum in the near future and outline their plans and ideas for WFC. As I said in an earlier text I cannot see any reason why SD cannot stay as manager and any newcomer (Zola) be Director of Football. I believe that to be the continental way.

I can't see what qualifications Zola has that make him suitable for the role, other than the fact that he speaks Italian.

Mickey Quinn, not so thin wrote:

Mickey Quinn, not so thin wrote:

Back from Hammerau wrote:

Colin West's mullet wrote:

Back from Hammerau wrote:

Mickey Quinn, not so thin wrote:

Back from Hammerau wrote:

Mickey Quinn, not so thin wrote:

cliff46 wrote: I see that the BBC website states that Watford were advised by administrator Andrew Andronikov, I am sure he was the man that acted in that capacity for Portsmouth. Does that mean we were in deeper financial mess than has so far been admitted or was he just acting as a paid advisor?

Thought the same thing - why otherwise would an administrator be involved? Can only assume non payment of debt/interest meant the bondholders were entitled to appoint an administrator to achieve the sale.

He may have been involved as an accountant with experience of football who happens to sometimes be an administrator. An administrator is someone approved by a court to take over the running a club when it's gone through the legal process of going into administration.

Hammerau - thanks, I know this, but interesting he was involved given his expertise in insolvency. I didn't mean we had entered administration, just that it clearly needed someone with his skills/background so the situation was clearly pretty serious.. "Andrew re-joined the London office in January 1999 as Turnaround & Recovery Partner, ..... was responsible for leading its corporate recovery and insolvency department. He has extensive experience in Bank receivership and investigation assignments, and also liquidation appointments. He is particularly interested in undertaking corporate reconstruction work, such as Administrations and Company Voluntary Arrangements. Andrew has headed a number of high profile appointments including the recent Administration of Portsmouth Football Club, the first premier league club in history to enter Administration"

It didn't "clearly need" someone with his insolvency skills/experience. You're just assuming it did. It may simply have been his wider football club finance experience for which he was involved.

read Andronikov's statement and you will see that it clearly did need someone with his skills/background. He makes references to ensuring the short-term future of the club. There aren't two ways of looking at that.

His skills as an administrator are in things like getting creditors to agree to take less money from a cash-strapped business. Why would that be relevant when the club's being bought by very wealthy people?
Maybe I'm being cynical, but I suspect that most people taking over clubs assure the fans by saying the future is secure, although should we be worried that we're only being promised that the "immediate future" is secure?

Look, everything about his cv says "expert at dealing with businesses in financial trouble and getting them out of the brown stuff" whether that's via administration, financial restructure, CVAs, whatever.

Now that could be a complete coincidence, but I suggest everything else we are hearing re unpaid payroll, unpaid creditors, unpaid bondholders means it isn't.

in other words, if they didn't buy, we were in the pooh. His services should no longer be required now its gone through