A delighted Taylor said: “I was asked by the rest of the board to continue in my position as chairman, after becoming the interim chairman following the AGM last month.

“We have agreed that I will continue as chairman until 30 June 2010 and will then review the situation. I have to say this – Elton John himself always felt that this would have been the role that he would have wanted me to take after being manager and I smile to myself thinking, Elton was chairman here once.

“The reason I mention him, is that I hope the supporters understand that it’s going to be impossible for me to be at every game. I have contractual agreements that will prevent me coming to every single Watford game, but you have to remember that Elton never saw every game either. I hope that the supporters understand the situation because I am contracted to other things since leaving football – including my Five Live commitments that many people will be aware of and those commitments that aren’t in the public eye as much, like my ambassador duties to grass roots football and I can’t just walk away from those people.

“Having said that, many people are aware that Watford is very special to me and will always – until my dying day – have a special part in not just my life, but my family’s life as well, and so it was impossible to say no to becoming the chairman. I just hope to be able to be the kind of chairman that, along with the board, lets the manager get on with things.

“Having been back here a year already, I happen to believe that we have a management team that is very capable of running the club and we have people here who are very good and know what they are doing, so why should I become an interfering chairman? That isn’t my role and I don’t want to do that.

“Malky Mackay and his staff and players don’t need me on the doorstep all the time – but Malky knows I’m on the end of the phone should he need anything. It’s a non-interfering role that I intend to take – I obviously will be kept informed and this is going to go through until the end of the season and then in the summer, we will look at it and see exactly in which way that I and the club will want to go then.

“What we have to try and do is make sure that our supporters understand that we are putting the football side at the top of the list and that has got to be the most important thing. I will come in as chairman, give my observations and my views, say what I think and I will be there to give advice. We have to make sure that football is our first priority and need to look after it as well as we can so any help we can give Malky is there.

“We have had many challenges off the pitch but believe in the plan moving forward and that the football club will be in a much healthier position as the season progresses. What we need to remember is that we are a football club. That’s the business we are in.”

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