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kaufman
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« Reply #30 on: Monday, July 22, 2013, 11:19:19 » |
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Somebody help me out here, perhaps I have missed something.
Our budget, even when slashed, will still be among the top 10 or so largest budgets in the league. Now I'm not trying to suggest that means we'll finish in the top 10 as there are other factors in play but why would our budget, and what we can now afford to pay players, mean that we are in for a relegation battle?
Agreed Flash. I think what's good is finally more supporters are seeing the cuts need to be made. It's just a few of the people on twitter who just don't seem to understand and are tweeting our chairman, calling him a c*nt!, that is baffling to me. Happy to see all those left behind in portugal leave now and sooner the better so we can get excited about new players coming in. Hell we might even start to make a profit. Then we can start to ask different questions. |
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« Last Edit: Monday, July 22, 2013, 11:20:51 by kaufman »
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Peter Gibbons
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« Reply #31 on: Monday, July 22, 2013, 11:21:42 » |
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Somebody help me out here, perhaps I have missed something.
Our budget, even when slashed, will still be among the top 10 or so largest budgets in the league. Now I'm not trying to suggest that means we'll finish in the top 10 as there are other factors in play but why would our budget, and what we can now afford to pay players, mean that we are in for a relegation battle?
I see where you're coming from, and it's a fair comment. But equally, in the context of that which is known (no manager, small squad once you disregard the players being left at home, potential issues with assembling a squad almost from scratch in the course of a few weeks etc. etc....), survival is surely not an unreasonable aspiration in the first instance (particularly for those with a more pessimistic outlook in general). Obviously if we start the season well we can set out sights a little higher. |
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It's not that I'm lazy. It's that I just don't care.
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Peter Venkman
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« Reply #32 on: Monday, July 22, 2013, 11:25:32 » |
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Agreed Flash. I think what's good is finally more supporters are seeing the cuts need to be made. It's just a few of the people on twitter who just don't seem to understand and are tweeting our chairman, calling him a c*nt!, that is baffling to me.
Happy to see all those left behind in portugal leave now and sooner the better so we can get excited about new players coming in.
Hell we might even start to make a profit. Then we can start to ask different questions.
Spot on. |
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From the station at Colchester
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horlock07
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« Reply #33 on: Monday, July 22, 2013, 11:35:39 » |
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Agreed Flash. I think what's good is finally more supporters are seeing the cuts need to be made. It's just a few of the people on twitter who just don't seem to understand and are tweeting our chairman, calling him a c*nt!, that is baffling to me.
Happy to see all those left behind in portugal leave now and sooner the better so we can get excited about new players coming in.
Hell we might even start to make a profit. Then we can start to ask different questions.
Oh please no, not a profit, what sort of can of worms would that open! |
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Ardiles
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« Reply #34 on: Monday, July 22, 2013, 11:39:54 » |
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Somebody help me out here, perhaps I have missed something.
Our budget, even when slashed, will still be among the top 10 or so largest budgets in the league. Now I'm not trying to suggest that means we'll finish in the top 10 as there are other factors in play but why would our budget, and what we can now afford to pay players, mean that we are in for a relegation battle?
I think I'd answer that by referring to the scale of the re-build, and the fact that a few weeks before the start of the season we are still managerless. Not simply a function of the playing budget. |
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Flashheart
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« Reply #35 on: Monday, July 22, 2013, 11:46:48 » |
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I think I'd answer that by referring to the scale of the re-build, and the fact that a few weeks before the start of the season we are still managerless. Not simply a function of the playing budget.
I know that there are other factors in play here asides from the playing budget. I said so as such in my post. I don't understand why mention of the playing budget alone, and putting aside other factors, is enough to have people thinking we are in for a relegation battle. |
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Flashheart
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« Reply #36 on: Monday, July 22, 2013, 11:51:20 » |
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Try this angle, and putting other factors aside.....
Is what we can now afford to pay for new players, and we are bringing in new players, so low that we cannot complete sufficiently with other L1 teams?
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Ardiles
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« Reply #37 on: Monday, July 22, 2013, 12:00:40 » |
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Is what we can now afford to pay for new players, and we are bringing in new players, so low that we cannot complete sufficiently with other L1 teams?
No. |
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leftside
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« Reply #38 on: Monday, July 22, 2013, 12:02:32 » |
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Although many are blaming JedCo for these events, the reality is that they've been left with a small group of expensive, overpaid, underperforming and injured individuals who we are contractually obliged to and cannot shift off the wage bill. The new board weren't left with or lumbered with these players, they (Jed and whoever) saw the books and made the decision to take on the responsibility of owning a football club, and that includes player contracts. What I can't fathom is how it can be 'fit and proper' for an owner to bale out without an exit strategy that takes into account contractual obligations that have financial implications, or how it can be 'fit and proper' for new owners to take on contractual obligations without having the funds to fulfil them. |
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horlock07
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« Reply #39 on: Monday, July 22, 2013, 12:32:11 » |
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The new board weren't left with or lumbered with these players, they (Jed and whoever) saw the books and made the decision to take on the responsibility of owning a football club, and that includes player contracts.
What I can't fathom is how it can be 'fit and proper' for an owner to bale out without an exit strategy that takes into account contractual obligations that have financial implications, or how it can be 'fit and proper' for new owners to take on contractual obligations without having the funds to fulfil them.
Where have they said that the will not fulfill obligations? They are trying to reduce the wage burden, which is an above board approach if yiou are trying to save money but I haven't ready anything that suggests they are not going to fulfill any obligations. This seems to be the way matters are becoming fact on here, you may be right regarding the fit and proper persons tests, but thats a matter for the league who passed them. Its worth bearing in mind that if they did not pass the fit and proper persons test we would potentially not have a club to support now so what do we want..... |
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Reg Smeeton
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« Reply #40 on: Monday, July 22, 2013, 12:34:29 » |
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Where have they said that the will not fulfill obligations? They are trying to reduce the wage burden, which is an above board approach if yiou are trying to save money but I haven't ready anything that suggests they are not going to fulfill any obligations.
This seems to be the way matters are becoming fact on here, you may be right regarding the fit and proper persons tests, but thats a matter for the league who passed them. Its worth bearing in mind that if they did not pass the fit and proper persons test we would potentially not have a club to support now so what do we want.....
The A Rooney situation has yet to be resolved.... |
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ronnie21
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« Reply #41 on: Monday, July 22, 2013, 12:56:21 » |
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The new board weren't left with or lumbered with these players, they (Jed and whoever) saw the books and made the decision to take on the responsibility of owning a football club, and that includes player contracts.
What I can't fathom is how it can be 'fit and proper' for an owner to bale out without an exit strategy that takes into account contractual obligations that have financial implications, or how it can be 'fit and proper' for new owners to take on contractual obligations without having the funds to fulfil them.
Actually, I don't know how much they knew about the books and the wages before they took over! Steve Murrall admitted as much at the meeting I attended, saying their due diligence was done after the event!! People just don't get how close we came to a total disaster, the plug had been pulled by Black and we were spiralling into a deep hole. Admin was one option and the threat of liquidation could not have been far away. |
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Reg Smeeton
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« Reply #42 on: Monday, July 22, 2013, 13:04:37 » |
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Actually, I don't know how much they knew about the books and the wages before they took over! Steve Murrall admitted as much at the meeting I attended, saying their due diligence was done after the event!! People just don't get how close we came to a total disaster, the plug had been pulled by Black and we were spiralling into a deep hole. Admin was one option and the threat of liquidation could not have been far away.
They'd have to be pretty stupid, not to have known that the previous regime threw some decent money at it. Essentially the situation was go up get extra revenue and so cost cutting could have been more limited, stay down and undertake the current downsizing. Give it another couple of weeks and we should have a much clearer picture of where we're at. |
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thepeoplesgame
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« Reply #43 on: Monday, July 22, 2013, 13:04:44 » |
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Actually, I don't know how much they knew about the books and the wages before they took over! Steve Murrall admitted as much at the meeting I attended, saying their due diligence was done after the event!! People just don't get how close we came to a total disaster, the plug had been pulled by Black and we were spiralling into a deep hole. Admin was one option and the threat of liquidation could not have been far away.
They knew that we were a recently promoted club, challenging for promotion again with the highest profile manager in the bottom two divisions having been bankrolled to that position by a multi-millionaire. It can't have come as a surprise that we were paying our players a good whack. That's not a comment on whether what they are doing now is the right or wrong approach, just an observation that it wouldn't have taken detailed due diligence to work out that by taking on STFC they'd be taking on a large ongoing wage bill. |
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Batch
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« Reply #44 on: Monday, July 22, 2013, 13:16:13 » |
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Besides which, we were on the brink of administration. That decision wasn't taken by the old board purely on guesswork. They knew the approximate shortfall and its inconceivable to me that this information wasn't passed on. Hence the Ritchie sale.
I can quite believe there were a fair few financial obligations that came out after the sale though (I mean believable ones, not ones dating back to when reg was in his 40's).
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I think its difficult to see if the Spurs lads are the de facto new model, or a stop gap way of doing things this season until the big wage hitters are gone - when we'll bring in more experienced players.
But at the end of the day if it looks like you are making something worse but charging the same people will moan.
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