Question for those that understand the world of business finances better than I?
So let's say we're worth just over £400m, and let's say that as the premiership bubble continues to grow we become worth more. We effectively owe our owner £350m don't we? So at the moment he would have to sell at £750m to break even, did I get that wrong? No buyer would purchase us with £350m of the previous owners money awaiting payment.
Now the stadium is a different thing, I get that. But whatever or however we achieve the finances to build it, it's going to mean hefty repayments which will affect our ability to finance the purchase and wages of players we would need to achieve the heights we need to ensure European Football and the subsequent cash being there brings.
Our answer as fans always seems to be 'win the lottery' which isn't (as any bank, financial expert etc will tell you) a sound business plan. Kenwright tried for many years to sell and found no buyers. Build a stadium and they will come seems to be something more akin to Hollywood than to real life. People won't flock in to a new stadium to watch us lose to newly promoted teams and the architects can't put in a defensive moat in front of our goal. New stadiums do not win trophies and even if we did fill it week on week, surely that would just be paying off the finances of the stadium but with inflated ticket prices.
Moshiri or any of the people he has speaking on his behalf won't tell us this because it would cause riots. We need to be playing good enough football to be breaking that top 6 consistently before we look to build a stadium. Moshiri got Koeman, invested heavily in players and tried the fast lane. It failed and left us where we are now, adrift in my opinion. That was plan A, grab a top four place and the investors will rush to us. To be fair to Moshiri and Koeman transfer prices almost doubled in that window so we spent double to get the same old same old.
We've sold our best players and taken on equity or debt whatever you want to call it and seen a spend of £500m or thereabouts to step backwards. We've gone from a team that with a few decent signings could have easily achieved top six to a team that would struggle to call itself mid table. Moshiri called us a museum when he bought us and said he'd turned us into a competitive outfit, is he seeing what I am seeing.
There is blame and he takes it, what he doesn't seem to have ever taken is a financial hit for it, we have. When he gambled that £500m, none of it was his, it's all ours. I've been suggesting we appoint Mourhino but after trying to sleep after that awful display yesterday I can't come up with any reasons now why he or any decent manager would take us on. They'd be saddled with previous failures on long contracts (something I warned Allardyce does) and an owner that has said he isn't going to put more money in.
I can't see a way out of this except hoping the manager somehow comes up with a way of making us play better and this after our easiest league start for many a year. He couldn't stop Hull sinking and I don't think he can stop us either. Moyes is another backward step but under him we would be at least beating the dross although he always hung up the white flag for teams at the top. Desperate times call for desperate measures. I find it all so utterly depressing.