Source: Team_Talk
Taylor fears for Hornets future
The Hornets stand on the brink of administration - and the subsequent 10-point penalty - after chairman Jimmy Russo and vice chairman Vince Russo stood down and immediately called in a £4.88million loan their company made to the club.[LNB]Former Hornets and England boss Taylor told the Watford Observer: "Whatever happens, we are at a very crucial time in this club's future, it goes without saying.[LNB]"Now we can all look back and decide who we want to blame for this and say this and that but the reality is that there is not going to be much gained, in fact I can't see anything being gained, if we keep referring back to whatever has happened for whatever reasons.[LNB]"I believe in looking forward. This is what it is, this is the reality. We have to face up to it, we are threatened with administration and the demand from Jimmy and Vince for their money to be returned will put us into administration. I make no bones about saying that because that is a reality.[LNB]"They did put the money into the club and they will have their side of the argument but at the present time, by demanding their secured loans, unless somebody comes to our rescue, we will go into administration."[LNB][LNB]
