The Watford chairman, Graham Simpson, has admitted the club made a "misjudgement" when they appointed Gianluca Vialli as manager.
Vialli failed to steer the club back to the top flight and was sacked in the summer as financial problems struck, and Simpson said: "I think it was perhaps a misjudgement and it won't happen again. But I still think at times last year we saw some lovely football.If we had been able to afford Luca, who knows what he might have achieved in two more years?
"Nobody is blaming Luca. Maybe if we'd been wiser we'd have done things differently, but we did it for the good of Watford. It was a punt and it didn't work."
The Wolves defender Mohamed Camara will be out of action for two months after undergoing surgery. The left-back, who arrived at Molineux in a £100,000 move from Le Havre in August 2000, is resting at home after an operation last Tuesday on his right knee.
Better news on the club's injury front is that goalkeeper Michael Oakes – who has been out with a damaged shoulder – should return to training later this week.
The Bradford striker, Danny Cadamarteri, has lost his appeal over his sending off against Burnley. Cadamarteri was dismissed for an elbow during the 2-2 draw, but Bradford asked the Football Association to review the decision.
However, they unanimously agreed with the referee Mike Dean's decision and the former Everton man's three-match ban will stand, starting against Preston on 5 October.
The Derby striker Fabrizio Ravanelli has arrived back in the country and is undergoing tests to see when he can resume training following minor ankle surgery in Italy.
The former Italy international has not figured for the Rams since the 2-1 win at Grimsby in mid-August. Since then he has been the subject of speculation linking him with a move to Portsmouth and negotiations are expected to continue between the two clubs this week over his reported £40,000 a week wages.
The Rangers chairman, John McClelland, has tried to assure shareholders at the club's annual meeting that the club's £52m debt is nothing to be alarmed over.
He said: "It's not a major worry because we have it under control. It was not surprising either because we have invested in what I think is a very high quality squad... We have to manage our debt and we will do that but we are not losing sleep over it."