Hornets secure transfer fund boost

Fransen, who joined the board in March last year, is based in Geneva and is managing director of an energy company.The loan has been earmarked for Mackay to bolster his squad during the January transfer window, and has to be repaid by the end of May.A statement to the Stock Exchange read: "The agreement is in respect of a short-term unsecured loan of up to £500,000 for the purpose of assisting with the working capital requirements of the business including potential player transfer activity during the January transfer window."

Source: Team_Talk