Takeover

[Pragmatist]

I’m not missing the point, the point is to build a squad capable of promotion AND then competing in the Prem with a core group of players like we did before will be impossible under this way of operating. Brunt, Morrison, Foster etc would have all gone and we would just start the rebuilding cycle over and over. Sure we might do a Luton but more likely we will just stagnate and go backwards over time. The amount of investment to play money ball is expensive and cannot happen as a self sustaining club at least not at the outset.

Also when we were doing well in the Prem and Championship our wage bill was very high compared to our income. It wasn’t our genius system it was the fact we offered competitive wages in the Prem and outstripped our competitors in the Championship that made us competitive. We may not have spent millions on transfer fees but our wages were very good. Now we are suggesting we can compete with low wage and low transfer fees it’s fantasy football imo.

You moaned about the club kicking the can down the road, by taking out the MSD loans.  Now the club are trying to reduce losses, by reducing wages, you’re moaning again.  

You can’t have your cake and eat it Derek 

No I didn’t I have barely mentioned the loans. I said that selling our better players solves nothing and simply meant we prolonged administration if we were not sold to a new owner. The idea under the current owners that we can become self sufficient and do anything but cling to Championship survival is naive to say the least.

All clubs in the Championship will become self-sufficient.  Our crowds and our academy provide us with every opportunity to be one of the stronger ones compared to other clubs

How many clubs are currently self sufficient in the Championship and breaking even? What timescale are clubs expected to make the transition to self sufficient? That is going to be a massive upheaval currently.

As for ourselves becoming self sufficient under the current owners… I shudder to think where that would leave us as a club, certainly not in a strong position.

The answer to the first question is None, including those with parachute payments. The maximum permitted loss is £39m over 3 years, and unless owners pump in equity (maximum £24m over 3 years), the maximum loss is just £15m over 3 years.  Most  are losing £20-£25m a year.  A transition will take a couple of years but just as we are now, clubs are being very careful with these limits and hardly any transfer fees have been paid by Championship clubs since COVID.  In that sense the transition has already started, and clubs know that points deductions will happen if they don’t transition, as some found out last year. 

The objective is to make all clubs self-sufficient, regardless of who the owners are.  Many current owners wouldn’t have bought if they weren’t able to throw their tens of millions at gambling to go up, putting the clubs’ future existences at risk. The Championship is a basket case of ownership.  Nearly every Championship is in reality up for sale. Big changes are coming.