Football's Magic Money Tree

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Chester Perry
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Re: Football's Magic Money Tree

Post by Chester Perry » Mon Mar 11, 2019 10:57 am

You escape relegation with an improbable late run of form, next season that form carries on and you win the league n what is viewed as freak circumstances (all the big clubs were in transition/turmoil), the following season you progress deep into the Champions League and post world record profits for a football club, but are mediocre in the league and fail to qualify for Europe, how do you cope with the financial adjustment. Swiss Ramble looks at Leicester's financial results for 2017/18

https://twitter.com/SwissRamble/status/ ... 9335133184" onclick="window.open(this.href);return false;

Royboyclaret
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Re: Football's Magic Money Tree

Post by Royboyclaret » Mon Mar 11, 2019 12:19 pm

Can only be described as a startling three year period in the history of any football club.

Can't remember how close they came to relegation in the first of those three seasons but the next season was simply a fairytale and fully justified the film script that followed. The £70m UEFA Income boosted their Turnover to a mindblowing £233m. Now they return to realistic financial figures and it's unlikely they will ever trouble the top six again.

Regarding the film with Vardy centre-stage, I always felt that our own story of 1910 to 1921 justified a film being produced. Manager John Haworth is appointed via tragic circumstances, makes Tommy Boyle his key signing the following year, Boyle captains the side to win the FA Cup in 1914 then goes off to fight for his country in WW1 only to suffer life threatening injuries. Incredibly he returns to league football after the War and captains Burnley to the First Division Championship in 1921 including the record 30 game unbeaten run having lost the first three games of the season. Two years later manager Haworth dies from pneumonia aged just 48 years.

You really couldn't make it up and yet it happened to our Club and fully warrants more recognition, even to this day.
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Goody1975
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Re: Football's Magic Money Tree

Post by Goody1975 » Mon Mar 11, 2019 3:19 pm

Royboyclaret wrote:Can't remember how close they came to relegation in the first of those three seasons.
I'd ask Matt Taylor the answer, if he scores that penalty there is a fair chance they could have gone down. Their momentum continued and the rest is history.

Chester Perry
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Re: Football's Magic Money Tree

Post by Chester Perry » Mon Mar 11, 2019 11:38 pm

Man City launch an abuse victim payment fund

https://www.bbc.co.uk/sport/football/47532719" onclick="window.open(this.href);return false;

How does a club that can get so much wrong also get so much right (thinking of football quality and education of it's academy players as shining examples of the good)

don't want to believe that this is a cynical move with all the recent negative press

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Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Tue Mar 12, 2019 8:58 am

In all fairness City have been spot on with their behaviour throughout this issue, even before the negative press started appearing.

Crewe, in particular, could learn a lot from City and they don't necessarily have to include the financial aspect because they probably can't afford it.

Chelsea can afford it but don't appear to be interested.

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Mar 12, 2019 9:26 am

Aston Villa's battle to get back out of the Championship is in it's 3rd season (final one with parachute payments) last year they missed out on promotion in the play-off final, a result that sparked a financial crises (with a missed HMRC payment and ultimately led to new ownership. Swiss Rmble looks at their 2017/18 financial results

https://twitter.com/SwissRamble/status/ ... 6868957184" onclick="window.open(this.href);return false;

with combined losses of £130m + over the last 3 seasons it is hard to see on the surface how they have avoided FFP -

2016/17 analysis https://twitter.com/swissramble/status/ ... 36?lang=en" onclick="window.open(this.href);return false;

The price of football however seem to thnk it is straightforward

http://priceoffootball.com/aston-villa-and-ffp/" onclick="window.open(this.href);return false;
Last edited by Chester Perry on Tue Mar 12, 2019 10:01 am, edited 1 time in total.

Royboyclaret
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Re: Football's Magic Money Tree

Post by Royboyclaret » Tue Mar 12, 2019 9:59 am

Chester Perry wrote:Aston Villa's battle to get back out of the Championship is in it's 3rd season (final one with parachute payments) last year they missed out on promotion in the play-off final, a result that sparked a financial crises (with a missed HMRC payment and ultimately led to new ownership. Swiss Rmble looks at their 2017/18 financial results

https://twitter.com/SwissRamble/status/ ... 6868957184" onclick="window.open(this.href);return false;
A seriously high Wage bill for the Championship of £73.1m.........higher than Burnley's in the Premier League.

So not difficult to understand the root cause of the problems at Villa.

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Mar 12, 2019 10:08 am

That was my initial thought Roy - their problems are long-standing though - losses every year for a decade-in the Premier League for 8 of them - absolute nuts - or as Swiss Ramble headlined their 2014/15 results "This house is a circus"

http://swissramble.blogspot.com/2016/03 ... ircus.html" onclick="window.open(this.href);return false;

You will see I added how they have so far avoided FFP to my previous post

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Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Tue Mar 12, 2019 10:11 am

Great work from you two on this thread, always worth reading and digesting.

Chester Perry
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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Mar 12, 2019 10:16 am

A key warning to all in that 2014/15 review by Swiss Ramble is

"Much of the blame for Villa’s woes has been laid at the feet of owner Randy Lerner. Fundamentally, the American appears to be a good man, pumping vast sums of money into the club, but he seemingly has little idea how to run a football club."

how many times have we seen this in the last decade or so yet there are fans at almost every club that want to bring someone of that financial profile into their club

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Re: Football's Magic Money Tree

Post by LeadBelly » Tue Mar 12, 2019 10:27 am

I can't see Villa getting promotion this season. They have to overtake Forest, Bristol City and Derby to even get into the play-offs; then only a one in 4 chance (at best) of getting to the Premier.
As outlined in the SwissRamble analysis, they cease having parachute payments next season and will have to cut costs significantly/sell players to generate more income.
The analyst here suggests 2018/19 will see a loss of £39 million which would take the 3 year total losses to £64 million; £25 million over losses allowable under FFP (though they could sell players to set against that)
Scary times for them & a crunch away game at Forest tomorrow night (if they don't win that they may even end up trailing Birmingham City in the league).

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Mar 12, 2019 10:36 am

LeadBelly indeed - and don't forget that profit making PNE are on a real charge too

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Re: Football's Magic Money Tree

Post by Royboyclaret » Tue Mar 12, 2019 10:38 am

I see their Broadcast Income (parachute payment) is £40m, down from £48m in the first year.

What is the value of their third and final parachute payment in this financial year ?

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Mar 12, 2019 10:49 am

That will be £15m Roy - https://en.wikipedia.org/wiki/Premier_L ... y_Payments" onclick="window.open(this.href);return false;

For those worried about the plight of our club we do not yet know what the payments will be in the new cycle of TV rights (if the expected growth in International TV rights fails to materialise it could be less than the current sum - things have been very quiet on that front)

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Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Tue Mar 12, 2019 11:04 am

Chester Perry wrote:A key warning to all in that 2014/15 review by Swiss Ramble is

"Much of the blame for Villa’s woes has been laid at the feet of owner Randy Lerner. Fundamentally, the American appears to be a good man, pumping vast sums of money into the club, but he seemingly has little idea how to run a football club."

how many times have we seen this in the last decade or so yet there are fans at almost every club that want to bring someone of that financial profile into their club
Despite this thread there appear to be more than a few on here who don't see issues with someone pumping money into a club to artificially inflate it's league position etc.

You'd think they'd see Bolton down the road to get an understanding of why it's a bad idea, but they don't for whatever reason.

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Mar 12, 2019 11:14 am

It used to be the norm with Fixed term employment contracts (universal in football for players and managers) that you paid up the whole deal if you sacked them (a particular concern for managers), then it was you paid up until they got new employment (and if the new wage was below the current, then the difference had to be paid until the original contract ran out - Joe Hart is currently benefitting from such a deal).

Some clubs are notorious for their turnover of managers and the vast sums they subsequently have to pay out has a detrimental effect on their bottom line - particularly when most of the backroom is changed at the same time. Chelsea appear to have had enough of this in the case of Conte though.

https://www.dailymail.co.uk/sport/sport ... Court.html" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Mar 12, 2019 11:19 am

GodIsADeeJay81 wrote:Despite this thread there appear to be more than a few on here who don't see issues with someone pumping money into a club to artificially inflate it's league position etc.

You'd think they'd see Bolton down the road to get an understanding of why it's a bad idea, but they don't for whatever reason.
Only a small proportion of board users read this thread - which is why you often see posts made on here have new threads started on the board several hours later which generate far more traffic than this thread does. I don't mind as it keeps the posts on point rather diverting randomly.

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Mar 12, 2019 11:29 am

Speaking of fixed term contracts - I imagine Man Utd will have to top any salary paid by a club taking Alexis Sanchez on loan - or not receive much of a loan fee - matching that would be a tough ask in most boardrooms - though there are only a few clubs he would probably want to go to

https://www.dailymail.co.uk/sport/footb ... -loan.html" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Royboyclaret » Tue Mar 12, 2019 11:36 am

Chester Perry wrote:That will be £15m Roy - https://en.wikipedia.org/wiki/Premier_L ... y_Payments" onclick="window.open(this.href);return false;

For those worried about the plight of our club we do not yet know what the payments will be in the new cycle of TV rights (if the expected growth in International TV rights fails to materialise it could be less than the current sum - things have been very quiet on that front)
Right.........In which case the Loss for the current financial year will be considerably higher than the £39m suggested by LeadBelly higher up the thread. A drop of £25m alone in Broadcast Income coupled with a no doubt further increase in Wage bill will result in a Net Loss nearer to £60m.

A frightening figure for the new owners at Aston Villa and the only way to avoid that would be to sell their only real saleable asset......Jack Grealish.

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Mar 12, 2019 11:49 am

Roy, Leadbelly got his figures from this post by Swiss Ramble after the play-off final

https://twitter.com/swissramble/status/ ... 93?lang=en" onclick="window.open(this.href);return false;

what is not yet apparent is whether the new owners are prepared to do a Venky's and add money via shares - the previous owners did do massive loan write offs though

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Mar 13, 2019 10:21 am

GodIsADeeJay81 wrote:Despite this thread there appear to be more than a few on here who don't see issues with someone pumping money into a club to artificially inflate it's league position etc.

You'd think they'd see Bolton down the road to get an understanding of why it's a bad idea, but they don't for whatever reason.

even had it on the Bolton thread this morning - http://www.uptheclarets.com/messageboar ... =2&t=37061" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Mar 13, 2019 11:10 am

We have been aware of difficulties at Swansea city for some time, the fans fell out with Huw Jenkins and his fellow directors (who saved the club from oblivion and the led them on a remarkable rise through the leagues playing some marvellous football, developing a strong academy, building a new ground with substantial help from the local council and forging strong community links) when the sold the majority of their shares to American investors because they felt they could not finance the "next step".

Admittedly the club's performance had begun to hit troubled waters by then with the seemingly stable environment, squad and playing style shattered by a quick succession of managers following the dismissal of Gary Monk.

Last month Jenkins resigned his position as Chairman after a fire sale in the transfer was halted at the last minute much to the consternation of Leeds and West Brom. There are now reports that Jenkins is set to be replaced by Trevor Birch, the specialist in rescuing clubs from the ashes of insolvency.

Why Jenkins reigned - https://www.walesonline.co.uk/sport/foo ... s-15773195" onclick="window.open(this.href);return false;

Birch in talks with Swansea - https://www.skysports.com/football/news ... w-chairman" onclick="window.open(this.href);return false;

Trevor Birch's history in football - https://www.walesonline.co.uk/sport/foo ... n-15953844" onclick="window.open(this.href);return false;

Swansea have yet to post their Financial results for last season (like us) but a look at their previous seasons results, illustrate how the problems begin to appear. Wages are high 77% of turnover, the ground was not owned by them so even though it is sold out most of the time they could not expand it and only player sales kept them in profit most years.

https://twitter.com/swissramble/status/ ... 48?lang=en" onclick="window.open(this.href);return false;

With promotion looking implausible just how bad are things at Swansea?

Also these results highlight the summer trading of one Paul Clement - it may have been forced upon him - but his record at the few clubs he has managed suggests he thinks he is the new Harry Redknapp player trading wise - exacerbated by the fact he cannot keep a team performing well on the pitch for more than 3 or 4 months before the players down tools

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Mar 13, 2019 11:26 am

Port Vale fans feel their club is on the road to oblivion - they believe their owner who rescued them from administration and had some initial success - including a rare promotion - Is killing the club. When he took over the club the Football League appointed him a mentor - one Karl Oyston - you could not make it up.

https://www.theguardian.com/football/fo ... league-two" onclick="window.open(this.href);return false;

incidentally the other standout feature of this article is the fact the club tried to be creative, brought in a foreign manager, who spent money and replaced the majority of the squad, failed, got sacked and now all his signings have left the club. The stability they initially had has never recovered and they now could drop out of the league. The downside to the initial thrill is severe

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Re: Football's Magic Money Tree

Post by dsr » Wed Mar 13, 2019 1:04 pm

Chester Perry wrote:... When he took over the club the Football League appointed him a mentor - one Karl Oyston - you could not make it up. ...
At the time, Blackpool had been unluckily relegated from the Premier League, missed out in the play-off final to go back up, and the asset-stripping hadn't started; or at least hadn't been reported.

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Mar 13, 2019 2:06 pm

I am aware of that DSR - however, the article states that Smurthwaite was keen on Blackpool's financial model, even then it was a longstanding Oyston practice of not paying players during the summer - it is my understanding that this was not a diversion of payments rather that players were not deemed as working (not on leave) in Oyston's view so contracts stipulated that they would not be paid for this. Not a clue how they have got away with the practice for so long, though it makes a lot of sense from a cashflow perspective

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Mar 13, 2019 3:58 pm

In June at the FIFA congress the presidential election will be held - It is really just a rubber stamp exercise as the closing date for candidate nominations has passed and there is only one candidate, the current incumbent whose integrity has been called into doubt by Football Leaks revelations on numerous occasions. But what do we know about the man who wants to increase the world cup to an absurd 48 teams and seeks to make more money for FIFA by introducing new and absurd competitions without any apparent care for player or the games welfare. Das Magazin of Switzerland gives us an in-depth profile of Gianni Infantino (it is a long and disturbing read)

https://interaktiv.tagesanzeiger.ch/201 ... s-game-en/" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Mar 14, 2019 11:18 am

In post #616 we see the cost of sacking your coaching team writ large - but what about recruiting your next manager, especially if they are already gainfully employed, apparently Leicester's owners remain ambitious in spite of their relative size (see post #601 for latest financial results), and have spent £9m in compensation to Celtic alone to recruit the team they want - a new high for clubs outside the big boys and substantially more than last years profit.

https://www.telegraph.co.uk/football/20 ... n-rodgers/" onclick="window.open(this.href);return false;

The other thing that comes out of this article is that Leicester are spending £80m on a new "state of the art" training facility - I have never felt comfortable with the Gawthorpe facility being called "state of the art" when it clearly isn't, as huge an improvement as it is. What Gawthorpe is, is perfect for us where we are financially, the more that is put in is more to staff, maintain and upgrade.

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Mar 14, 2019 11:40 am

For those interested in different Premier League training grounds, this is a good start

https://www.dailymail.co.uk/sport/footb ... clubs.html" onclick="window.open(this.href);return false;

that Leicester one is now claimed to be a £100m spend (inflation and all that)
https://www.leicestermercury.co.uk/spor ... nd-2508593" onclick="window.open(this.href);return false;

Liverpool's £50m investment in Kirby
https://www.thisisanfield.com/2017/11/d ... irst-time/" onclick="window.open(this.href);return false;

Man Utd to upgrade Carrington (Where the medical facility is sponsored by the Medical equipment supplier)
https://www.dailymail.co.uk/sport/footb ... round.html" onclick="window.open(this.href);return false;
https://talksport.com/football/510923/m ... ng-ground/" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Thu Mar 14, 2019 12:08 pm

12 full size pitches at their planned training ground??
Ridiculous amount, unless they're going to have a massive number of youth/academy players I really can't see the need for that many.

City's place is nice

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Mar 14, 2019 12:17 pm

Chelsea have 38 pitches - it comes down to what you want. A lot of the big clubs have training pitches that match those of their opponents (by manufacturer/supplier) prepared in the same way as the rivals stadium pitch so that players can get used to their quirks in advance of the game.

Also if you want to bring everyone onto a single site - 1st team, youths, Academy, Ladies then you will need more facilities and pitches including the increasingly popular (following Man City's example) mini stadium for reserves/youth and even women's team.

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Re: Football's Magic Money Tree

Post by Chester Perry » Thu Mar 14, 2019 4:59 pm

post #618 highlights the cost of Alexis Sanchez contract and suggests their will be difficulties in getting him out of the club even on loan - FourFourTwo magazine thinks it may be impossible, adds Mesut Ozil to the same category and argues it is all a result of bad planning and management - no argument from me

https://www.fourfourtwo.com/features/ov ... lls-market" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Mar 15, 2019 3:25 am

Speculation is mounting that Man City are about to join Chelsea in a 2 window transfer ban for transfer rule breaches involving youths. FIFA will no doubt be looking to employ the same ruling they applied to Chelsea in preventing a deferment of the ban by appealing the judgement.

https://www.dailymail.co.uk/sport/footb ... inors.html" onclick="window.open(this.href);return false;

Man City and Chelsea knew this was coming and I was surprised at their relative inactivity in the January transfer window as a result. Perhaps they were too confident they could defer on appeal (having seen both Barcelona and Real Madrid do so in recent years). One thing for sure is that a number of other Premier League clubs will be getting twitchy as they know they are under investigation also.

As for the summer window - things will have got slightly easier for a few clubs wanting to buy players, while those looking to sell are unlikely to get the competition stimulated prices they were hoping for.

I can see both Chelsea and City seeking to throw money at lawyers to get their way
Last edited by Chester Perry on Fri Mar 15, 2019 10:27 am, edited 1 time in total.

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Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Fri Mar 15, 2019 8:31 am

Would explain why City are busily tying down players to longer contracts.

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Re: Football's Magic Money Tree

Post by Chester Perry » Fri Mar 15, 2019 8:31 pm

Remember Man Utd missing the FA Cup to play in FIFA's failed Club World Cup - well FIFA are having another go at it (because it gives them a lot of money) even though the European clubs have threatened to boycott it. Post #626 gave us an in depth profile of the FIFA President and he at least is happy about this decision - but will they get the dosh without the European clubs - Infantino will just see it as a matter of negotiation

https://www.bbc.co.uk/sport/football/47586593" onclick="window.open(this.href);return false;

https://www.theguardian.com/football/20 ... rope-clubs" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Sun Mar 17, 2019 10:51 pm

Posted a number of times on this thread about suggested changes to the European club competitions and the malign influence of Andrea Agnelli (Chairman of Juventus) in finding ways to get more money for his club. there is now a proposal on the table to lay Champions League games at weekends as a proper league with promotion and relegation - relegating the Premier League to a mid-week league. - I predicted that this would be one of the options that they were angling for

https://www.telegraph.co.uk/football/20 ... d-matches/" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Sun Mar 17, 2019 11:12 pm

So following the previous post and how the European clubs are trying to find ways of getting close to Premier League incomes - Price of Football has provided a timely table of the earnings made from the premier league of all the 49 clubs that have played in it. We are still some way behind Rovers and Bolton in that league though I am sure a number of our fans will find reason to vent their anger as to what we have/have not done with it

https://twitter.com/KieranMaguire/statu ... 5881950208" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Sun Mar 17, 2019 11:18 pm

In recent weeks I have posted quite a bit about the finances of Championship clubs (hopefully not an omen for our league next season) here Kieran Maguire (the man behind the price of football) talks at length about that mad world

https://www.youtube.com/watch?v=6ECJwnc ... e=youtu.be" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Sun Mar 17, 2019 11:46 pm

More on why European clubs are trying to level the income with their Premier League rivals - basically they don't have the dominance they used to and they do not like it - fascinating watch though

https://www.youtube.com/watch?v=Ki2pYDe-hIc" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Mon Mar 18, 2019 12:17 am

Chester Perry wrote:So following the previous post and how the European clubs are trying to find ways of getting close to Premier League incomes - Price of Football has provided a timely table of the earnings made from the premier league of all the 49 clubs that have played in it. We are still some way behind Rovers and Bolton in that league though I am sure a number of our fans will find reason to vent their anger as to what we have/have not done with it

https://twitter.com/KieranMaguire/statu ... 5881950208" onclick="window.open(this.href);return false;
Looking at that list and then looking at the number of former PL clubs struggling financially, you've got to really wonder how poorly run some of these clubs are...

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Re: Football's Magic Money Tree

Post by Chester Perry » Mon Mar 18, 2019 10:03 am

today Swiss Ramble looks at the latest financial results for Southampton FC

https://twitter.com/SwissRamble?ref_src ... r%5Eauthor" onclick="window.open(this.href);return false;

Price of Football looked at them a little while ago - I think it is clearer on Swiss ramble but interesting to see a slightly different take

https://twitter.com/KieranMaguire/statu ... 4147049472" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Mar 19, 2019 11:10 pm

Many of suspected that PSG and City would use expensive lawyers o help them avoid them having to revisit previous investigations as a result of Football Leaks - well PSG have just down that at the Courts for Arbitration of Sport.

https://www.bbc.co.uk/sport/football/47632779" onclick="window.open(this.href);return false;

expect city to swiftly follow suit

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Re: Football's Magic Money Tree

Post by Chester Perry » Tue Mar 19, 2019 11:15 pm

In post #636 #kieronMaguire of "the price of football" fame gave us a rundown of total earnings of all 49 clubs during their time in the Premier League. Today he gives us a rundown on who has pent the most on wages (shame there is nothing there on the % of Premier League income spent on wages)

https://twitter.com/KieranMaguire/statu ... 9426338821" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Wed Mar 20, 2019 12:15 am

One of the usual suspects is claiming the club is pleading poverty on a different thread despite X amount of money from the PL.

Hard to know if he's just trolling or is actually that ignorant about running a business...

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Mar 20, 2019 12:50 am

Well our club certainly isn't poor by conventional standards, but is by Premier Leagues standards. We are hampered to a certain extent by wage growth regulation. I don't think we would ever want to come close to FFP sanctions, not just because of the sanctions rather it is because we know that is not sustainable, and history shows that this what our board wants the club to be (I personally agree). Much has been made of our Cash in the bank (which I still think is low though much improved), but that is just good business practice, for wages, bonuses and add on's for transfers which we have had to pay out on for a lot of our incoming players (why would we want to pay for an overdraft facility).

I think the board is cautious and careful with it's spending because it has had 2 potentially calamitous experiences with spending in the last 16 years -

the first - ITV digital - because we spent monies in advance assuming the deal would hold up and it didn't and they had to cough up monies they never thought they would get back to keep us afloat rather than go into administration (this is where being local businessmen came into play - they knew many small businesses relied on the club to pay it's debts and so dug into their own pockets to effectively repay the many years of loyalty and support the club had received from those businesses - others more ruthless would not (and some did not).

the second - the Brendan Flood loans - yes we kind of got away with it, with the Wembley win, but that recall left us with little left in kitty for transfers and ultimately contributed to losing our manager and backroom team in the January transfer window.

ever since these episodes and especially under SD sustainability and confirming that we have the money in the bank to pay for future commitments has been the order of the day.

Everyone has their own opinion as to the way that money has been spent but the rational behind the fiscal management side I find difficult to argue with in the medium to long-term.

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Re: Football's Magic Money Tree

Post by GodIsADeeJay81 » Wed Mar 20, 2019 12:57 am

That's because you understand it, the other user hasn't got a clue

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Mar 20, 2019 1:45 am

GodIsADeeJay81 wrote:That's because you understand it, the other user hasn't got a clue
It would seem we have quite a number of those on here, but that is life and I try not to argue with them (occasionally I will fall into the trap) because as Mark twain said - Never argue with stupid people, they will drag you down to their level and then beat you with experience.

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Mar 20, 2019 10:33 am

Another Price of Football Premier League history table - this time on the net spend of the 49 clubs to play at the top table since re-incarnation

https://twitter.com/KieranMaguire/statu ... 3835332608" onclick="window.open(this.href);return false;

Interesting that Spurs are only 15th yet have been their every year - and the top 2 are obvious

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Re: Football's Magic Money Tree

Post by aggi » Wed Mar 20, 2019 11:01 am

Nice infographic on club spending over the past 20 years or so.

https://twitter.com/fderiu/status/1106893821416218624" onclick="window.open(this.href);return false;

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Re: Football's Magic Money Tree

Post by Chester Perry » Wed Mar 20, 2019 11:08 am

aggi wrote:Nice infographic on club spending over the past 20 years or so.

https://twitter.com/fderiu/status/1106893821416218624" onclick="window.open(this.href);return false;
see post #638 - really good though

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Re: Football's Magic Money Tree

Post by aggi » Wed Mar 20, 2019 11:11 am

Chester Perry wrote:see post #638 - really good though
It came up with Video Unavailable when I clicked it before, I'm assuming it was the same?

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