It’s the waste that breaks my heart mate, equaled with some of the lack of passion and heart. If you think in a good year we make 180 odd mill and 85% goes to the players we have and management, it’s an obscene lack of value underpinned by poor decision making and a lack of corporate governance.
From a footballing perspective, it’s an outlier as business’s go, in the sense that - take DCL, he essentially costs us nothing bar wages, but we could sell him for 100 million and a lot of sins are forgiven. It’s likely we had to cash an asset, after failing to do it last summer, so despite the spat with Benitez, Digne would have been low hanging fruit.
All the above dynamic however has to be analysed in the context of investment. We’ve invested 500 million in assets we hope appreciate, 200 odd million net. Those investments have yielded little return infact we give them away, 45 mill on Gylfi, 28 mill for Bolaise, 23 mill on Tosun, 20 mill on Walcott, 5 mill for Sandro, 1 mill Martina, 12 mill Niasse, 12 mill Ashley Williams - all walked away on frees with no fee coming to the club. That’s a hell of a lot of money spent for 0 return.
Then you have Klassen, Schnderlin, who we made massive losses on.
When you look around the club, there are maybe 3-4 players we could hope to make a profit on. It’s awful value for the investment and when you consider we are paying 85% of everything we earn to maintain the squad, it’s horrible value.
Unfortantely we’re a basket case and likely to be for a couple of years yet, that’s the optimistic scenario, if we get relegated we are banjoed. The football league are far less forgiving then the PL, look at Derby.
