Puff the Magic Peacemaker

[Reg Smeeton]

  I take this passage from JW/Diamandis to mean relegation was welcomed as a way of reducing expenditure for the final CVA season

 

At the time, we assumed the Club would be operating within budget and although we knew Dennis and Gus were coming on board, we were of the belief that the 20% contracted salary reductions resulting from last season's relegation together with the agreed value of the proposed new contracts would allow the club to maintain the playing budget at the same level as 2005/2006.

FWIW, that's one hell of a leap to one hell of an allegation Reg

 I may have misinterpreted this but to me it clearly states that it was contracted that by getting relegated it enabled a saving of 20% on wages to be made....at a time when cost cutting  was still needed, this and the lack of funds last season suggests the Board were not over concerned by relegation.

[Bogus Dave]

swindon town dave wrote:
Quote:
swindon town dave wrote:
a fair bit of that would of been wasted on the new ground developments wouldnt it??

No. How do you make that out?


i thought it would of cost a fair bit of money to go through all the club went through as regards to a new stadium. or am i wrong

It would if the club were actively working on a proposal but since their last proposal got canned, that hasn't been the case. So yes they probably did spend money on the three failed development/relocation scenarios they've come up with to date, but not last season and certainly not enough to start burning any kind of hole in a million quid.

well i take it all back.