Takeover

[Lurker#3]

Id settle for being run like we were under Baldylocks self sustaining but with an owner who can and is prepared to put some money in when its needed and with a clear vision as how to grow the club in the longterm ,surely this is not to much to wish for.

We weren’t self sustaining, we relied completely on Prem TV money.

I think by “self sustaining” meant without having to inject debt or equity. Prem TV money is ordinary revenue

Exactly. We always planned for our fall from the Orem and the subsequent loss of Prem money/parachute payments. 

We only moved away from that in Peace's last season when he knew the sale was going through.

What was the plan once the parachute payments had run out? Our income stream wasn’t anywhere near enough to make us self sufficient over a sustained period. Our level of self sustainability would lead to relegation and playing kids and or journey men like the 90s.

We never gave out daft contracts, we had saleable assets, and had an academy primed to sustain us through a tricky transition if the worst was to happen. 

Fast forward a few years. We had an ageing squad on long deals. We over spent on fees. Our academy got stripped by the fishy lot because the hierarchy only cared about immediate and instant promotion to paper over the fuck up they had created. 

Peace/Jenkins, although it would have hurt them, would never have left us in the position we are in now financially.