Anyone Else Uneasy About The Money Side Of Things?

[Gemmel]

With 30 million spent in the summer another 20 million on the training ground and the latest two players we are linked to, could be another 20 million, we are spending some serious cash - And that's before the wages!

 

I'm sure it's fine, but I am a bit thrown by the loan, the incidents at the training ground and non contested court case.

 

I have confidence in Cortese and I guess that should be enough, but there are plenty of examples out there of clubs that have overspent.

 

May be we are still being bank rolled by the Family and all is well or even if we are not, we our within our means, but it still seems wierd to see players we have bought and those that we are linked to, for such vast amounts (I'm not complainig).

 

This is probably the single most important year ever to stay up and, I just hope that isn't clouding judgement.

[PhilippineSaint]

in a word No

[Saint Garrett]

Certainly a tad uneasy, however I'm sure that the family wouldn't be happy with Cortese splashing the cash if we didn't have it. If it is a matter of we have to stay up or we're f*cked, then thats very worrying, however I can't see that being the case. Especially after everything that Cortese has said, I guess we just have to trust that we wo't end up last time. Despite this, it's still f*cking important that we stay up.

[Lighthouse]

If you can't trust a Swiss Banker to look after your money then you can't trust anyone. Cortese knows what he's doing.

[alpine_saint]

Uneasy about splashing the cash ? No

Uneasy about how the failure to close early deals suggest we are squabbling over the exact amounts like haggling at a Moroccan rug market ? Yes

Uneasy about what happens relating to these financial committments if we go down ? Yes

[JackanorySFC]

I'd be more worried if we were signing QPR or West Ham like signings, 30 something's on big money and little to prove. The players we have bought and are linked to are some of the most exciting young players in Europe, whilst every signing in football is a gamble, it seems ours are more "investments" than buys (if that makes sense).

[beatlesaint]

I always think back to an interview on Radio Solent around last Christmas/New Year with either the club's accountant or some financial guy connected with the club. He said quite clearly that Saints had spent "nowhere near" what they expected to in order to be where they were (top of The Championship) at that time.

 

 

That leads me to believe that financially we are more than ok, and as Lighthouse says, if you cannot trust a banker to look after the money you cant trust anyone.

[BadgerBadger]

I'd be more worried if we were signing QPR or West Ham like signings, 30 something's on big money and little to prove. The players we have bought and are linked to are some of the most exciting young players in Europe, whilst every signing in football is a gamble, it seems ours are more "investments" than buys (if that makes sense).

 

Totally agree

[JackanorySFC]

Uneasy about splashing the cash ? No

Uneasy about how the failure to close early deals suggest we are squabbling over the exact amounts like haggling at a Moroccan rug market ? Yes

Uneasy about what happens relating to these financial committments if we go down ? Yes

 

You make me laugh fella, shockingly bad wind up attempt there. On one hand slating the club for not paying full asking price up front, no questions asked and instead trying to squeeze value out of a deal.... Then, ha this is brilliant, say you are uneasy about our financial outlay if we get relegated!

 

Not the most subtle of wind up posts there fella, must try harder!

[alpine_saint]

That leads me to believe that financially we are more than ok, and as Lighthouse says, if you cannot trust a banker to look after the money you cant trust anyone.

 

I had to read that twice to check someone had the balls to write that in the times we live in...

[Colinjb]

No, you are not alone.

 

http://www.saintsweb.co.uk/entry.php?98-Calculated-Risk

[alpine_saint]

You make me laugh fella, shockingly bad wind up attempt there. On one hand slating the club for not paying full asking price up front, no questions asked and instead trying to squeeze value out of a deal.... Then, ha this is brilliant, say you are uneasy about our financial outlay if we get relegated!

 

Not the most subtle of wind up posts there fella, must try harder!

 

Its not a wind-up at all. The haggling suggests we arent that financially strong if we have to do it, because we are risking delay in the reinforcement that could guarantee us big TV money next season if we stay in the PL. And of course, if we go down due to those haggling delays, those outlays we have made will definitely bite us on the arse.

[Doctoroncall]

Oh yes! If Saints happen to get the two players being mentioned in their respective threads, it would go along way to help secure PL status but there will be quite a few players leaving if we go down as I don't think the likes of Gaston will be interested in Championship football. So the club will recoup most of the transfer cash, have the PPs but will have to start building a team again, although JWP, Chambers, Reeves et al are likely to get more games.

[alpine_saint]

Oh yes! If Saints happen to get the two players being mentioned in their respective threads, it would go along way to help secure PL status but there will be quite a few players leaving if we go down as I don't think the likes of Gaston will be interested in Championship football. So the club will recoup most of the transfer cash, have the PPs but will have to start building a team again, although JWP, Chambers, Reeves et al are likely to get more games.

 

Is that right ? You reckon players retain their value when they go down in a relegated team ?

[Zlavik]

If we get relegated - yes.

If we stay up - no.

[Lighthouse]

I'd be more worried if we were signing QPR or West Ham like signings, 30 something's on big money and little to prove. The players we have bought and are linked to are some of the most exciting young players in Europe, whilst every signing in football is a gamble, it seems ours are more "investments" than buys (if that makes sense).

 

It makes perfect sense to me. IF we go down and IF we have to sell players to balance the books, I doubt players like Rod and Ram would go for less than we bought them for. Both are good young players who will only get better. Astori and Coutinho are in a very similar boat. It wont be like last time when Crouch was the only player in the squad worth more than £1m.

[Sour Mash]

With 30 million spent in the summer another 20 million on the training ground and the latest two players we are linked to, could be another 20 million, we are spending some serious cash - And that's before the wages!

 

I'm sure it's fine, but I am a bit thrown by the loan, the incidents at the training ground and non contested court case.

 

I have confidence in Cortese and I guess that should be enough, but there are plenty of examples out there of clubs that have overspent.

 

May be we are still being bank rolled by the Family and all is well or even if we are not, we our within our means, but it still seems wierd to see players we have bought and those that we are linked to, for such vast amounts (I'm not complainig).

 

This is probably the single most important year ever to stay up and, I just hope that isn't clouding judgement.

Yep, completely agree. We might never know what goes on behind the scenes, or be able to do anything about it if there is something wrong, but the least we should be doing is trying to ask the right questions and probe for answers where we can.

 

Hate the Premier League and the money obsessed beast that it's become anyway.

[Pilchards]

If you can't trust a Swiss Banker to look after your money then you can't trust anyone. Cortese knows what he's doing.

 

Very true.

 

Do you expect the club to say we have loads of money to spend so others bump the prices up?

 

Im happy the way we are counting the pennies as Cortese is a class guy that wants the best for the club.

[jasoneuelllfanclub]

With the colossus amount of money due next season for TV rights it is even more critical to every club to maintain their PL status. I would think that Saints have spent more than originally budgeted for however they are trying to sign players of quality that will have a higher sell on value should they ever be in a position where they need to recoup some money.

 

I truly believe if we can manage to stay up this season then there are some exciting times ahead for us. We will have a young team with some real quality players and a much better chance of attracting quality players. On the other hand should the worst happen then we have some saleable assets that will hopefully balance out the books along with drop in wages.

 

I am comfortable with it as it currently stands.

[Barry Sanchez]

****ting at myself to why we could not secure better players six months ago and know paying the price for it two ways, expense and points on the board, if this was a way of trying to save money then Cortese and Adkins are very naive indeed.

If we go down Sharp would of been brilliant for us, Lambert, Ramirez and the others wont be around thats for sure.

[Sour Mash]

It makes perfect sense to me. IF we go down and IF we have to sell players to balance the books, I doubt players like Rod and Ram would go for less than we bought them for. Both are good young players who will only get better. Astori and Coutinho are in a very similar boat. It wont be like last time when Crouch was the only player in the squad worth more than £1m.

Out of our signings to date, I think we'd get our money back for Yoshida, Ramirez and Davis, probably double what we paid for Clyne and lose a bit on Mayuka, Rodriguez and Gazzaniga.

[Barry Sanchez]

With the colossus amount of money due next season for TV rights it is even more critical to every club to maintain their PL status. I would think that Saints have spent more than originally budgeted for however they are trying to sign players of quality that will have a higher sell on value should they ever be in a position where they need to recoup some money.

 

I truly believe if we can manage to stay up this season then there are some exciting times ahead for us. We will have a young team with some real quality players and a much better chance of attracting quality players. On the other hand should the worst happen then we have some saleable assets that will hopefully balance out the books along with drop in wages.

 

I am comfortable with it as it currently stands.

 

If we go down due to penny pinching and trying to do it on the cheap it will all be to waste as so many players will go, we will be back to square one.

We did not have a premiership squad when we came up and we still dont know, so the questions ahve to be asked.

[Barry Sanchez]

Out of our signings to date, I think we'd get our money back for Yoshida, Ramirez and Davis, probably double what we paid for Clyne and lose a bit on Mayuka, Rodriguez and Gazzaniga.

 

We would have to start again though, what about Corteses promise? What about our players sold, where woulld the money go?

[Mmm Donuts]

Yes Gemmel I am, but only because we don't know the state of the clubs finances. Most of us who visit this site I assume remember when football wasn't the big business it is now. My son, on the other hand, is not concerned about money. I think if the money is spent and we do stay up, then it would have been worthwhile spending it, would it not?

[KelvinsRightGlove]

Uneasy about splashing the cash ? No

Uneasy about how the failure to close early deals suggest we are squabbling over the exact amounts like haggling at a Moroccan rug market ? Yes

Uneasy about what happens relating to these financial committments if we go down ? Yes

 

Eurgh, there is already a thread for you to make the same moan about that for the 900th time.

 

On the topic of the OP, I do trust a man that appears to be highly respected in the banking world to keep us on track, financially. Given that he has all the details, and all we have to go on is conjecture and speculation I'm not going to get to het up about tiny things, which we often only hear one side (usually those who are aggrieved for whatever reason and no the club) of.

 

Personally, I believe should we go down, we will be ok for money. Our squad will most likley get picked apart, but I reckon we would get a decent fee for our most saleable assets - and in many cases I would suspect a tidy profit.

 

Lambert - if he was to go would probably get a couple of mill - still a profit on the £1.1m(was it about that?) we spent.

Gaston - not sure if we would get the full £12m (he's clearly worth it), but I would be surprised if it was less than £10m - specially with £12-14m figures for Jarvis & Fletcher.

Lallana - Again, has to be in a similar price bracket to Jarvis & Fletcher surely?

Morgan - Not too sure what price he would get, at a guess? £7.5m-£10m? Decent return on the £1m really - not bad for "Biggest waste of cash in Saints History."

Corky - About the same as Morgan maybe? Maybe a tad extra for him being English? Either way, what was the fee on him, £750k(ish).

Shaw - well, considering what we got for the ox, £10,£12,£15m?

Yoshi - I'm not sure on what we paid, £2-3m? Would probably be able to recoup most of that I would have thought.

Clyne - looks a snip at the reported £2m fee. Should easily see £5m come in for him.

 

Anyways, not that I want us to go down. And obviously losing these types of players would be a huge loss, however, I think due to how we have spent the money - in comparison to say QPR who will be lumped with stupid wages and unsaleable players.

[Window Cleaner]

Yes Gemmel I am, but only because we don't know the state of the clubs finances. Most of us who visit this site I assume remember when football wasn't the big business it is now. My son, on the other hand, is not concerned about money. I think if the money is spent and we do stay up, then it would have been worthwhile spending it, would it not?

 

 

One's offspring are rarely concerned about money as long as you keep supplying it or so I've found anyway.

[KelvinsRightGlove]

If we go down due to penny pinching and trying to do it on the cheap it will all be to waste as so many players will go, we will be back to square one.

We did not have a premiership squad when we came up and we still dont know, so the questions ahve to be asked.

 

How is £30m+, making us the 7th highest spenders on the continent, 'doing it on the cheap'?

[Doctoroncall]

Is that right ? You reckon players retain their value when they go down in a relegated team ?

 

1 - You highlighted most so expect a little drop in value, even though players will have gained PL experience.

2 - Depends on the player, if we'd signed a load of 30+ year old players then no, on large wages, again no.

3 - Depends on the fee paid and value of the player (e.g. Clyne vs Mayuka)

4 - Cortese is a good negotiator

5 - Depends on how much we need to claw back quickly

[St_Tel49]

I had to read that twice to check someone had the balls to write that in the times we live in...

 

The original poster - not Beatlesaint - was careful to say SWISS banker.

[stevegrant]

If you can't trust a Swiss Banker to look after your money then you can't trust anyone. Cortese knows what he's doing.

Not quite such a safe haven these days... http://www.bbc.co.uk/news/business-20907359

 

Let's face it, this expenditure is clearly a pretty substantial gamble for a club of our size and stature, and there's no public evidence to show how much we borrowed from Vibrac Corporation in the BVI in August to finance transfer spending back then, so for all we know the club could have borrowed anything up to £50m. The gamble pays off if we stay up. At this stage we're still well placed to do so, but clearly there's still no guarantee of anything.

 

However, then what happens in the summer? Presumably the Vibrac loan gets repaid, but then do we start the cycle all over again, or do we work more in line with what we've got considering the massive leap in Premier League TV rights money?

 

Ultimately we've got bugger all say in what happens, Cortese (or anyone else who may have an input in how tight the purse strings are) is not accountable to any of us whether we like it or not. For me, nothing has changed in terms of the way I view the club, "proceed with caution" is my approach. I do think it is a massive credit to the many people who do continue to ask (but rarely get an answer, naturally) questions regarding this sort of thing, though - just think, if those idiots down the road had done so a few years ago, perhaps they wouldn't be standing on the precipice right now...

[KelvinsRightGlove]

Is that right ? You reckon players retain their value when they go down in a relegated team ?

 

Wolves made around £26m for Jarvis & Fletcher. Not bad really.

 

How much would they have been worth if Wolves hadn't been relegated? Really that much more?

[trousers]

With 30 million spent in the summer another 20 million on the training ground and the latest two players we are linked to, could be another 20 million, we are spending some serious cash - And that's before the wages!

 

I'm sure it's fine, but I am a bit thrown by the loan, the incidents at the training ground and non contested court case.

 

I have confidence in Cortese and I guess that should be enough, but there are plenty of examples out there of clubs that have overspent.

 

May be we are still being bank rolled by the Family and all is well or even if we are not, we our within our means, but it still seems wierd to see players we have bought and those that we are linked to, for such vast amounts (I'm not complainig).

 

This is probably the single most important year ever to stay up and, I just hope that isn't clouding judgement.

 

You have nicely highlighted the difference between Pompey and Saints fans. It's healthy to question how things are being financed and we should continue to do so.

 

On the balance of probability and circumstance we've got far less reason to question where our money is coming from and how wisely it is being 'invested' but we'll still ask pertinent questions rather than be ignorantly content as long as we're winning FA Cups that we can't afford.

 

Sanctimonious? Me? You bet...

Edited 7 January, 2013 by trousers

[Thedelldays]

We should be asking. And not just on here

 

We spent years having a pop at Pompey fans for lapping it up. And some are already doing so here

 

Is a £50m outlay for us in one season living within our means. I would be utterly amazed if it was

[Dig Dig]

Not quite such a safe haven these days... http://www.bbc.co.uk/news/business-20907359

 

Let's face it, this expenditure is clearly a pretty substantial gamble for a club of our size and stature, and there's no public evidence to show how much we borrowed from Vibrac Corporation in the BVI in August to finance transfer spending back then, so for all we know the club could have borrowed anything up to £50m. The gamble pays off if we stay up. At this stage we're still well placed to do so, but clearly there's still no guarantee of anything.

 

However, then what happens in the summer? Presumably the Vibrac loan gets repaid, but then do we start the cycle all over again, or do we work more in line with what we've got considering the massive leap in Premier League TV rights money?

 

Ultimately we've got bugger all say in what happens, Cortese (or anyone else who may have an input in how tight the purse strings are) is not accountable to any of us whether we like it or not. For me, nothing has changed in terms of the way I view the club, "proceed with caution" is my approach. I do think it is a massive credit to the many people who do continue to ask (but rarely get an answer, naturally) questions regarding this sort of thing, though - just think, if those idiots down the road had done so a few years ago, perhaps they wouldn't be standing on the precipice right now...

 

Would pompey fans asking questions have changed much? Would it have stopped the crooks bleeding the club dry? I doubt it.

[Lighthouse]

Not quite such a safe haven these days... http://www.bbc.co.uk/news/business-20907359

 

Let's face it, this expenditure is clearly a pretty substantial gamble for a club of our size and stature, and there's no public evidence to show how much we borrowed from Vibrac Corporation in the BVI in August to finance transfer spending back then, so for all we know the club could have borrowed anything up to £50m. The gamble pays off if we stay up. At this stage we're still well placed to do so, but clearly there's still no guarantee of anything.

 

However, then what happens in the summer? Presumably the Vibrac loan gets repaid, but then do we start the cycle all over again, or do we work more in line with what we've got considering the massive leap in Premier League TV rights money?

 

Ultimately we've got bugger all say in what happens, Cortese (or anyone else who may have an input in how tight the purse strings are) is not accountable to any of us whether we like it or not. For me, nothing has changed in terms of the way I view the club, "proceed with caution" is my approach. I do think it is a massive credit to the many people who do continue to ask (but rarely get an answer, naturally) questions regarding this sort of thing, though - just think, if those idiots down the road had done so a few years ago, perhaps they wouldn't be standing on the precipice right now...

 

All true. We must always be vigilant with regards to our club and the chairmen, however I trust Cortese more than I ever trusted Lowe or Wilde. I know he does some weird stuff to p*ss people off, like the programme sellers and an apparent spat with MLT but relatively speaking that's all minor stuff. He's chosen the right manager for the job and backed him with his cheque book.

 

I don't think we will end up like the Skates because we know where the money is coming from. This club is a long term investment by a very sucessful business family. The Skates were different. Nobody knew where the money was really coming from and why people like Gaydamak were apparently willing to p*ss money up the wall with no prospect of future proffits.

 

All this money is needed to turn Saints from League 1 relegation fodder to Premier League European contenders. If we are a stable midtable Premier League club I believe we can be run profitably. Lets say we stay up and sign these 2 Carlos Kickaballs from Italy. Next season we would have a pretty strong Premier League team and wouldn't have to spend another £30 to stay up.

 

Pompey were different. They HAD the success, winning the cup, top half of the League, UEFA Cup run and they STILL Made a loss of about £25m for the year. We wont be like that.

[Gemmel]

I'd be more worried if we were signing QPR or West Ham like signings, 30 something's on big money and little to prove. The players we have bought and are linked to are some of the most exciting young players in Europe, whilst every signing in football is a gamble, it seems ours are more "investments" than buys (if that makes sense).

 

That's a really good point.

[KelvinsRightGlove]

That's a really good point.

 

Hey, I basically made the same point above

[Turkish]

You can see clearly what Saints policy is. Buy good young talent, combine it with our own academy players and hopefully build a successful side. If they player decided they want to move on to a bigger club, which inevitably some will do, they will be proven players in a top Euopean league and we should be able to make a considerable profit on them.

 

Of course this depends heavily on three things. The player fullfilling his pontential, for every Christiano Ronaldo there are 10 Francis Jeffers, the money being reinvested in the same way, ie signing the next Ramirez, Clyne etc and most importantly staying up.

 

I'd be far more comortable with this policy if we had started it as an established premier league side with the likes of Ramirez, Shaw and Clyne surrounded by experienced pros rather than one that just come up where everyone from the chairman down had no experience or knowledge of the premier league* and our first season was always likely to be a releagtion battle.

 

The big worry of course is that if we do go down we may have to take less for Ramirez, lallana, Shaw etc than we would have got for them otherwise. Or else we may be stuck with an unhappy player on a large wage who as a result is not performing, risking us coming straight back up.

 

In fairness it's an admirable policy and the right one for a club of Saints size if we are every going to get anywhere near the champions league dream some of you have. It's also one that could blow up in our faces if it doesn't go as well as we need it to.

 

*awaits for someone to tell me Davis x 2 and Les Reed have premier league experience

Edited 7 January, 2013 by Turkish

[KelvinsRightGlove]

You can see clearly what Saints policy is. Buy good young talent, combine it with our own academy players and hopefully build a successful side. If they player decided they want to move on to a bigger club, which inevitably some will do, they will be proven players in a top Euopean league and we should be able to make a considerable profit on them.

 

Of course this depends heavily on three things. The player fullfilling his pontential, for every Christiano Ronaldo there are 10 Francis Jeffers, the money being reinvested in the same way, ie signing the next Ramirez, Clyne etc and most importantly staying up.

 

I'd be far more comortable with this policy if we had started it as an established premier league side with the likes of Ramirez, Shaw and Clyne surrounded by experienced pros rather than one that just come up where everyone from the chairman down had no experience or knowledge of the premier league* and our first season was always likely to be a releagtion battle.

 

The big worry of course is that if we do go down we may have to take less for Ramirez, lallana, Shaw etc than we would have got for them otherwise. Or else we may be stuck with an unhappy player on a large wage who as a result is not performing, risking us coming straight back up.

 

In fairness it's an admirable policy and the right one for a club of Saints size if we are every going to get anywhere near the champions league dream some of you have. It's also one that could blow up in our faces if it doesn't go as well as we need it to.

 

Thing is, at Prem level, with the fee's involved I don't think it's possible to make any moves in the transfer market without it representing something of a risk, to some extent or another.

 

I know I keep making this point, but I do think it is very valid, and it seems to be getting annoyed.

 

Just look at the fees clubs are paying to Championship clubs now, the two from Wolves (Fletcher & Jarvis) show you can still get a decent fee from Prem clubs, we also demonstrated this with Oxo. I do agree that perhaps the fees will be less than if we were in the Prem, but still pretty sizeable fees.

 

I do wonder if Gaston has a release clause should we go down? I'm reluctant to say this on here, because rumours can start this way and I have nothing to believe that he does. But that could possibly affect things if he does.

[jjsaint]

I just hope we're not going sh*t or bust to stay up. So I'm a bit nervous about money spent.

[S-Clarke]

They've earned my trust.

[Coastal Saint]

in a word No

 

This

[Turkish]

Thing is, at Prem level, with the fee's involved I don't think it's possible to make any moves in the transfer market without it representing something of a risk, to some extent or another.

 

I know I keep making this point, but I do think it is very valid, and it seems to be getting annoyed.

 

Just look at the fees clubs are paying to Championship clubs now, the two from Wolves (Fletcher & Jarvis) show you can still get a decent fee from Prem clubs, we also demonstrated this with Oxo. I do agree that perhaps the fees will be less than if we were in the Prem, but still pretty sizeable fees.

 

I do wonder if Gaston has a release clause should we go down? I'm reluctant to say this on here, because rumours can start this way and I have nothing to believe that he does. But that could possibly affect things if he does.

 

Of course, any amount of money is a risk. £12m gets you Ramirez Daniel Sturridge, both have masses of talent but are relatively unproven or it gets you Peter Crouch, a proven premier league player who is a fair bit older. The later is less of a risk, but the first two are ones that the fans will want to see and potentially represent better value.

[Turkish]

We should be asking. And not just on here

 

We spent years having a pop at Pompey fans for lapping it up. And some are already doing so here

 

Is a £50m outlay for us in one season living within our means. I would be utterly amazed if it was

 

Think long term Jamie. If we stay up and sell Ramirez in 2 years time for £25m, Clyne for £10m and Astori for £15m, with the TV and prize money covering the wages then it has been worth it. How many business do you know who have a one year plan? Buying football players isn't like planning this weeks menu you know!

[KelvinsRightGlove]

Of course, any amount of money is a risk. £12m gets you Ramirez Daniel Sturridge, both have masses of talent but are relatively unproven or it gets you Peter Crouch, a proven premier league player who is a fair bit older. The later is less of a risk, but the first two are ones that the fans will want to see and potentially represent better value.

 

I see your point, not totally sure if I agree with it.

 

Well, I mean in terms of knowing what you may get then yes, a bit of a risk. But in terms of finances, is £12m on a player of Crouch's ilk less risky than Gaston? For the sake of debate, let's say we did sign Crouch last summer for £12m (not perfect I know), but should we then go down and we look to move him on - at his advanced years I would be unsure his resale value would match that of Gaston's?

 

I dunno, maybe it's just a matter of differing opinions, maybe I'm wrong. Just what I think.

[Saint86]

This discussion is puerile at best, the original posts states confidence in The Don, but then says he is worried.... this is followed by a variety of other nervous posters who can't look at what who, what and why we have signed. You only have to look at the transfers of other clubs that got relegated and see what fees you can demand for good players on long term contracts... jarvis, fletcher etc. Our lot are young and tied down for years on good contracts.

 

The club have been prudent, with a 3million net spend to get to the premier.

 

People quote the 7th highest spenders on the continent this year as a reason why we are risking it all. But if you think about it, Italian and spanish football is broke ( literally excluding real and barca), you then have psg and a few eastern clubs to worry about. Even german football is not that wealthy as whilst they have the crowds and merchandising there is no chinese tv deals paying them £3bn.

 

The other point massivley in our favour is that we are in a very strong financial position.. the majority of premier league clubs are swimming in negative bank balances, certainly those we are competing with. So we went to the premier on the back of a low net spend, backed by billionaires, run by a swiss banker for a family that have NEVER borrowed or traded run a business into debt as a family policy. And people are worried about us as a football club... If we are ****ed then good luck to the rest of the premier.

 

Unlike a lot of people who put this then add a caveat about fecked if we go down.... I totally trust the Don. Every press release has alluded to us being comfortable and having under-spent against projected outlay, i doubt those projections included selling the ox either.

 

If we go down we will cover our losses anyway, £10mil for gaston, similar for AL, £7m for morgan and cork each? that is far from unreasonable and we would never have to sell them all, with that squad you could as good as guarantee coming back up anyway. The you have clyne? worth 5mil, shaw is anotehr £10-15mil. I mean seriously, if we went down, and sold them ALL. we would cover their transfer costs and have to pay wages for one year on the back of all the TV money.... sounds like a loss making idea to me

 

Hold your horses and stop being dell sized dimwits! and for gods sake, enjoy the ride and trust Nicola!

[Thedelldays]

Think long term Jamie. If we stay up and sell Ramirez in 2 years time for £25m, Clyne for £10m and Astori for £15m, with the TV and prize money covering the wages then it has been worth it. How many business do you know who have a one year plan? Buying football players isn't like planning this weeks menu you know!

 

You are quite right. I am happy and content that we won't be playing CL football anytime soon if ever with the current setup. Bit when we do sell Ramirez and shaw. It won't go down well

 

But buying potential is massive gamble this season. Look at Shyte west ham with their Shyte manager. They will comfortably survive and never been in the bottom 6 at all. They have prem experience and what is to stop them buying their own Ramirez next season?

[pingwing]

I would only be worried if Cortese wasn't interested any more and left.

 

Our transfer policy has been well thought out and well budgeted since promotion in the sense that if we go down every player can be sold for more than what we paid (if needs be). Even then plenty of them should be on contracts that would be manageable in the champ (for a year) which should prevent a fire sale of talent.

 

I would be worried if we were QPR or West Ham who are struggling for revenue from the crowd or struggling for chairman investment. QPR will implode if Tony Fernandez gets bored (no way can that 19k stadium pay the wage bill) and West Ham need their chairman to actually invest instead of borrow against the prospect of having a 60k stadium...

 

We have a decent revenue stream from the stadium, international brand awareness (that we are building) and some chairman investment (all those shares from the previous debt should help a lot). So yeah, not massively worried. No 30 year olds on 40k a week playing 1 game a month between injuries and enough money coming in to make sure we can pay everyone.

[saintmatt]

I'm a tad worried, yes. Certainly something I'd ask about if I ever got invited to one of the STH evenings!

[Turkish]

This discussion is puerile at best, the original posts states confidence in The Don, but then says he is worried.... this is followed by a variety of other nervous posters who can't look at what who, what and why we have signed. You only have to look at the transfers of other clubs that got relegated and see what fees you can demand for good players on long term contracts... jarvis, fletcher etc. Our lot are young and tied down for years on good contracts.

 

The club have been prudent, with a 3million net spend to get to the premier.

 

People quote the 7th highest spenders on the continent this year as a reason why we are risking it all. But if you think about it, Italian and spanish football is broke ( literally excluding real and barca), you then have psg and a few eastern clubs to worry about. Even german football is not that wealthy as whilst they have the crowds and merchandising there is no chinese tv deals paying them £3bn.

 

The other point massivley in our favour is that we are in a very strong financial position.. the majority of premier league clubs are swimming in negative bank balances, certainly those we are competing with. So we went to the premier on the back of a low net spend, backed by billionaires, run by a swiss banker for a family that have NEVER borrowed or traded run a business into debt as a family policy. And people are worried about us as a football club... If we are ****ed then good luck to the rest of the premier.

 

Unlike a lot of people who put this then add a caveat about fecked if we go down.... I totally trust the Don. Every press release has alluded to us being comfortable and having under-spent against projected outlay, i doubt those projections included selling the ox either.

 

If we go down we will cover our losses anyway, £10mil for gaston, similar for AL, £7m for morgan and cork each? that is far from unreasonable and we would never have to sell them all, with that squad you could as good as guarantee coming back up anyway. The you have clyne? worth 5mil, shaw is anotehr £10-15mil. I mean seriously, if we went down, and sold them ALL. we would cover their transfer costs and have to pay wages for one year on the back of all the TV money.... sounds like a loss making idea to me

 

Hold your horses and stop being dell sized dimwits! and for gods sake, enjoy the ride and trust Nicola!

 

Are you sure this is the mongboard for you sir?