Hornets offer six stars new deals
By Peter O`Rourke
Last Updated: 01/01/70 1:00am
It was feared that a number of players would be forced to leave Vicarage Road because of the club's debts, but Tommy Smith, Neil Cox, Alec Chamberlain, Marcus Gayle, Gary Fisken and Jack Smith have all been offered new deals.
The club have announced a £5.48 million interim loss for the six months up to the end of last year despite the pay cut, a share issue and substantial reinvestment by the board, but Hornets chief executive Tim Shaw is optimistic that the club's finances will improve as a result of their run to the semi-finals of the FA Cup.
"These interim results are very much in line with expectation and reflect the reason why raising sufficient capital at the end of last year was so critical," said Shaw in a statement.
"The results for the full year should be better than forecast due to the FA Cup run. However, our focus over the next 18 months is to increase non-matchday revenues and therefore reduce our wage costs as a percentage of turnover to an appropriate level."
Two Academy players Ben Herd and Ashley Young have also been offered professional contracts after impressing The Hornets coaching staff.