by SCIAG »
11 Aug 2022 11:56
YorkshireRoyal99 Hound YorkshireRoyal99
That really. We've had a owner who has been willing to fund our overspending for the clubs' standard, so that's not the issue. The issue (and subsequent crisis) would be if the owner is no longer willing to fund the club and leave us with a shed load of debt, but we seem to have gone someway to reducing our losses through the Business Plan, player sales, high earners departing etc. So I'm expecting the situation to have eased significantly when our profit/loss accounts are released later this season.
Also tbf Bournemouth, Wolves, Leicester, Villa, Fulham and prob a few others have all managed to get promoted with gross financial mismanagement
We just bought shite players rather than good ones
Ultimately that as well that didn't help us.
What baffles me more is, how we were "gunning" for promotion and only had 1 season where we finished in the top half, the last one before our points deduction. I don't know why someone didn't realise after our back-to-back 20th placed finish, that it wasn't going to materialise. (We may have been too deep in the mire by then to feasibly get out of the mess).
The Dais didn’t throw silly money at us for very long.
When they took over we had just finished third. We then lost the playoff final on penalties. Promotion was a realistic aim. They spent a lot to shore us up. Signed replacements for Al Habsi, Kermorgant, and Williams, an upgrade on Gunter, and for some reason two new wingers.
The next year we only had one major signing, Baldock. McNulty for £1m was hardly breaking the bank.
The year after that we were under our first embargo but still signed Puscas and Joao. And since then the only fee we’ve paid was to make Ejaria’s loan permanent.
In their first year, all that spending “made sense” because we’d just come so close to getting promoted. After that, with hindsight Puscas and Baldock were bad signings, and we should have sold Moore when we had the chance, but we didn’t sign five players every summer for big fees. That first summer was a huge weight around us when nobody seemed to know what they were doing.
Blimey, when you put it like that… in the last five years we have only signed five players for fees. Admittedly for something like £16m…