Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
On it.
Well he actually didn't, he said it's becoming harder and harder to find, which it is, without going into ridiculous amounts of debt. See United, Barca, and our neighbours.
The likes of City get away with it because they can afford it, that's why they pay more money in wages than what they rake in in total profits. We can't compete with that, and even if we could, at this moment in time, we'd have to borrow, meaning more debt and if it doesn't come off, which is likely in this climate and this business of Football, then it leads to a worse situation.
Matt can be inconsistent sometimes Bab. Think he was shot in the head when in Iraq.
So in effect champions league football would be detrimental to the club financially.
Which is what I said, what's the point.
It is obvious that we have no available funds for any player purchases and that no-one will come in until and if we sell. I don't think we are even able to bring additional players in on loan because our finances are too tight. From what I know of the UEFA Financial Fair Play Regs it will be much more difficult for owners to plough millions into clubs unless the turn-over is there to justify it. This in turn makes selling a club or getting other investment in more difficult. A lot of recent English club purchases by non-British billionaires seem to have been done for personal vanity reasons rather than as any sound business investment. This will become less common when the regs come in and this is probably the last summer transfer season where significant cash will be spent. I think we have done remarkably well over the past few years to progress (with minimal nett investment) to a point where we have been competing for European qualification. Before Kenwright & Moyes I had thought we would never be in this position again. It would be nice to have an owner with billions to splash around, but can't see it happening and I'm proud of how we have preformed over the past 5 years or so. Talking to fans from other clubs , they always mention how they wish their club could do as well. Would be interested in other people's thoughts.
It is obvious that we have no available funds for any player purchases and that no-one will come in until and if we sell. I don't think we are even able to bring additional players in on loan because our finances are too tight. From what I know of the UEFA Financial Fair Play Regs it will be much more difficult for owners to plough millions into clubs unless the turn-over is there to justify it. This in turn makes selling a club or getting other investment in more difficult. A lot of recent English club purchases by non-British billionaires seem to have been done for personal vanity reasons rather than as any sound business investment. This will become less common when the regs come in and this is probably the last summer transfer season where significant cash will be spent. I think we have done remarkably well over the past few years to progress (with minimal nett investment) to a point where we have been competing for European qualification. Before Kenwright & Moyes I had thought we would never be in this position again. It would be nice to have an owner with billions to splash around, but can't see it happening and I'm proud of how we have preformed over the past 5 years or so. Talking to fans from other clubs , they always mention how they wish their club could do as well. Would be interested in other people's thoughts.
At this moment in time, yes it would be. There is no point because we'd only end up in a hole which will be hard to get out of.
It's not good enough.
Really?
Ok, fair question then.
What IS good enough?
How worse off would the club be in any of the rich board members put faith its manager by stepping up 10million on a transfer for 1 season?
£10m worse off.
Good points. I think there's an offset of about 18months or a season and a half for this regulation to really start publicly making itself felt.
Its only when course corrections are made to avoid crashes or the aftermath that this sort of thing will enter into the average fans psyche.
Its here. Its in force and clubs will increasingly have to deal with it.
Those that do so the best will win in the end long term
Indeed...but crippling omg were going into admin type worse? That 10mill transfer could get you European football, higher league place, better cup run....