Like I said a couple of days ago, the watford board should have been man enough to sit down with Portsmouth and Newcastle and accept that they weren't going to get all the money they hoped for, but would renegotiate the clauses so everyone got something from it.
Your board, by sticking to its guns, has fucked up true and proper.
What a load of shite that is. Portsmouth shouldn't have spent above their means, and inserting clauses into a deal to drive the price down has bitten them on the arse, and they should deal with that. Why should Watford have to get less money - if there wasn't a x% clause stipulated in the £2m(?) deal originally then they might not have accepted it, and may have asked for more.