fredi says...
8:25am Fri 31 May 13
Ok, time for a little "truth update".
I did this last time a big diatribe appeared.
Nothing in what is said is actually that unlikely, and in fact it is all quite probable. It is being spun here as negative, but if you remove passion for the club from this and think pure business, it all makes sense:
Reducing budget - £4.5m is quoted, even if we spent a little less, it is too high for us. We only just rake in £5m in total revenue, the wages cannot be that high without massive capital investment.
So, Fredi is right, and the "business" seems to be doing the sensible thing.
No player on more than £4k per week - which means someone or more than one are close. The article in the Adver refers to other costs, which would be expensed rather than wages so treated completely differently. Again, it seems both can be right. If we have players on £4k a week, plus we are covering some expenses, that is just too much for a club our size in the league we are in. It also support the large wage bill that Fredi seems to confirm.
Our current owners would sell - no shit. I imagine once they've realised what they have picked up they'd be happy to pass on the risk.
The Board may have set a budget, Black's parting words seem to suggest he wasn't aware it was as high as it was and hence he replaced the man responsibel for setting it. We then had no new capital to come in support, so spent less and sold Ritchie. If anything Fredi's statement is just restating that for us.
The big one though for in this was the mention of meetings - this suggests it is someone from within in the way that sentence was written. Maybe someone unhappy at the change.
Basically, everything Fredi says is probably based on some decent information. They just have an agenda so make it all out to be bad. It sure as hell isn't a great set-up right now, but I don't see it as being some great conspiracy. We had a Board that got carried away, someone backed them for a while, they pulled out, the shit hit the fan, a mess is being tidied up, it will be painfull, it is necessary and not shady and people in the club will feel this pain directly because of it, the new owners would probably sell if their costs were covered. Where is the news?