Mackay delighted by Hornets news

24 December 2009 09:56
Lord Michael Ashcroft has completed a deal to repay a £4.88million loan to the Russo brothers, which stopped the club from going into administration.[LNB]"Administration means a deduction of points, it means people being sacked from their jobs and I don't mean football people," Mackay told Watford Observer.[LNB]"I'm talking about people who have worked at our football club and have done so for the last 10 to 15 years, who love the club.[LNB]"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."[LNB][LNB][LNB]

Source: Team_Talk