Source: Team_Talk
Board 'walk out on Watford' - Report
Chairman Jimmy Russo, who lent Watford Leisure plc £1million last month to enable them to pay their bills until December 22, has been in negotiations with Lord Michael Ashcroft and former chairman Graham Simpson in a bid to raise funds.[LNB]Lord Ashcroft and Simpson own more than 50% of Watford Leisure plc and it was reported in the local press Russo and his board faced being voted out after failing to reach an agreement with the duo.[LNB]However, reports are emerging on Tuesday night that Russo and his board have resigned, although the club are unavailable for comment.[LNB][LNB][LNB]
