Watford have been plunged into fresh turmoil tonight after the Russo brothers dramatically resigned at the annual meeting of the club's parent company, Watford Leisure Plc.

It initially appeared that the entire Hornets board had stood down, but it was later confirmed that only chairman Jimmy Russo, his brother and vice-chairman Vince and their close business associate Robin Williams had quit.

Following the dramatic developments, Graham Taylor took over as acting chairman for the rest of the meeting.

More to follow...