Paul Merson believes Watford have 'every chance' of avoiding relegation from the Premier League after hiring Roy Hodgson as their new manager.
The 74-year-old agreed a deal until the end of the season with the Hornets on Tuesday and has replaced Claudio Ranieri, who was sacked after the 3-0 home defeat by Norwich at the weekend.
Sportsmail understands Hodgson will land a seven-figure bonus, on top of what is described as a 'modest' salary, if he can lead the Vicarage Road club to Premier League safety.
And former midfielder Merson believes Watford - currently sat 19th in the table but just two points off Norwich in 17th with two games in hand - have every chance of staying up now that the ex-England boss is at the helm.