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Watford supporters’ group questions owners’ share sale offer

Written by on June 6, 2024

The letter says: “While some supporters may view this as a way to help the club meet its immediate financial needs, the Trust have questions about the nature of this appeal for investment and the wider implications as to our club’s financial stability.”

Watford, who posted a pre-tax profit of £24.1 million for the past financial year, have had nine different managers since August 2020.

They finished 15th in the Championship last season, 17 points outside the play-off places.

“While the club showed a substantial pre-tax profit in 2022-23 which was driven by player sales, we have a number of significant questions about the rationale and timing for this appeal for cash injection,” the Trust’s statement, external added.

“We strongly encourage the club to provide more detail on its current financial status in 2023-24, what has prompted the share sale now and specifically how funds will be allocated against business needs.”

BBC Sport has contacted Watford for comment.

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