Given the speed of the Ritchie deal, I doubt the consortium would have been able to get the funds to the club/A Black within that short time-frame.
Whether the new owners were really consulted or not is probably up for debate too. Who put the entire team up for sale prior to that? I doubt it was the consortium.
The theory (which I’ve seen a few times) that the entering consortium wanted to cut costs immediately and run the club on a show-string budget doesn’t seem logical to me:
a) Who would plough a vast amount of money into a loss making company and expect it to break-even overnight? It is unrealistic.
b) It could jeopardise promotion to a division which would bring in more money, we’re entering the final stage of the season and we’re right up there.
c) They sanctioned loan deals after Ritchie’s departure (potentially incurring more costs).
d) A consortium that tight on funds wouldn’t be interested in buying us.
All theory and speculation, but my hunch is Black gave the consortium an ultimatum. Let me sell Ritchie or the deal is off.
I was under the impression Black sold the club for £1 and wiped X amount off the amount he was owed - obviously just to get the club off his back.
I suppose the consortium have at least enough funds to keep the club going - but that may well be by selling our playing assets, getting rid of a high earning manager and backroom staff and replacing them with cheap, usually useless, alternatives.
They award themselves high salaries various other perks and they get to pocket a heap of wonga, club goes into a nosedive, they fuck off and everyone's a winner.
Except us long suffering fans, of course.
These people have no intention of pushing the club forward - it's just a way of making money for them.
