Watford have agreed a borrowing facility with Barclays to help bolster their revenue for next season.
The move comes as the Hornets face the threat of relegation going into their final match of the campaign against Arsenal this weekend.
Paperwork filed on Companies House yesterday shows the club has agreed to the facility with the bank, allowing them to loan against their broadcast monies for next season.
The agreement means that should they avoid the drop, the club could then loan up to the amount they would be owed through Premier League broadcast revenue, or if they are relegated, they would be entitled to borrow up to the amount handed to them as parachute payments.
With the club set to take a financial hit if they drop down to the Championship, the facility could provide them with some vital revenue for transfers and wages to help them try and climb back up at the first attempt.
That loan could then be offset by any money gained from an immediate promotion.
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