Laurence Bassini has stated he has put around £10m into Watford since his takeover, reports the Watford Observer. "There has been a lot said by people who think I have just bought the club for £440,000 and that is it," Bassini said.
"Yes I did buy the club for £440,000 but I put £1m into the bond repayment on day one to pay that, I also lodged another £1.5m, which is held, to come off the bond - so there is £2.5m put in to start paying off the bond.
"I have put in £3.5m in working capital, the club owed Ticketus £1.5m plus VAT so I have paid them £1.9m and Strand Hanson was owed money, so I paid them that £240,000.
"I have ordered two giant screens - one will be going up now and the other one is awaiting stadium developments on the east side of the ground - that was another £300,000.
"We have spent £100,000 on seating around the stadium. They also owed £570,000 in building work money here, which hadn't been paid for a few years, I paid that.
"SNR Denton solicitors was another fee they hadn't paid, that was £150,000 I paid that and for a new PA tannoy system which is £450,000.
"So that total comes to around £10m. I don't take a salary for working here, I have a team of people who I pay personally so they don't take a penny out of this club, not even for expenses. I just wanted to let people know that."
