When will be the cut off when we can start judging SISU by their own decisions and actions?
Personally I think six years worth is a long enough time to stop hiding behind decisions made by previous owners.......
When will be the cut off when we can start judging SISU by their own decisions and actions?
Personally I think six years worth is a long enough time to stop hiding behind decisions made by previous owners.......
They can be judged on everything they do now Dong. But...as I've just posted on another thread, our problems started in the Richardson era when we were living above our means. Before SISU took over, we were already significantly in debt....that cannot happen and many clubs are finding this out over the recent years.
Had the club been run within its means in the Richardson era (which probably would've been at the expense of the exciting football/players we saw in the 90's), there's unlikely to have been a need for anyone to buy us in 2007.
SISU can be judged on what they do now (and the past few years). However, we are were we are, because of SISU and previous owners, the two are linked unfortunately but both are responsible for their own actions.
My opinion only though....
WM
Grow up mate!
Mike Ashley took control at Newcastle only a few months before SISU crawled in here.
You don't hear any Newcastle fans blaming the previous board for Ashley's disastrous management and even Ashley himself isn't daft enough to try that as an excuse.
Yeah, let's compares Apples with Oranges. That'll make things clearer.....
The single biggest issue facing the club, playing in Northampton, is entirely their own doing and they must accept full responsibility for it.
Issues surrounding past rent costs can be blamed on past owners, but not the move.
Mike Ashley took control at Newcastle only a few months before SISU crawled in here.
You don't hear any Newcastle fans blaming the previous board for Ashley's disastrous management and even Ashley himself isn't daft enough to try that as an excuse.
Absolute drivel. The rent issue is secondary to the main and absolute number one cause of every problem, the sale of Highfield Rd.
The single biggest issue facing the club, playing in Northampton, is entirely their own doing and they must accept full responsibility for it.
Issues surrounding past rent costs can be blamed on past owners, but not the move.
Bullcrap.
As staying at the Ricoh, even under the high rent, would currently see the club better off, it has become a separate issue instigated by our owners and nothing else.
Whilst not in any way taking away the damage done by previous regimes,
In which case can we stop comparisons to what other teams pay in rent or how much other stadiums ate worth?
Whilst not in any way taking away the damage done by previous regimes, the on going legacy of that should only have been the ramifications of the lease & licence at the Ricoh. Even then the club had a greater share of the incomes at the Ricoh in 2008 than it did when the keys were thrown back in 2013.
The massive debts incurred up until December 2007 were very largely written off, if you include the further write down in 2010 then it looks to me like the net debt taken over by SISU ended up at around £3m. We are presently north of £32m
The debt situation and living within means were known factors in 2008 and like the lease & licence SISU made a choice not to deal with it until 2012. If they did not make that choice then that points to poor management of a situation they have expertise in..... distressed companies. The debt problems was precisely why SISU were here in the first place - they saw an opportunity to buy debt cheap and then to sell on for a profit - it is what they do, how they making their living and they can not hide behind "I didn't realise but it was someone else's fault"
Currently they are in terms of CCFC alone adopting a far better approach to get a viable business, living within means, only increasing debt if absolutely necessary, dealing with the lease & licence etc.
But they made choices/decisions on every day of their tenure so far and they are responsible for those choices, no one else. You can not blame Richardson for something planned in 2008 2011 or 2014. Yes the previous regimes got us to a place of extreme vulnerability in December 2008 but nearly all the debt currently outstanding is derived since their takeover.
Ask yourself had they said in Feb 2008 the club has to be viable live within means but that means relying on youth, selling players for a few seasons, keeping wages down (like now) would you have gone with that - I suspect most fans would if for no other reason they would so relieved to still have a team. It was the sensible business thing to do at that time. 2008 they were in the driving seat and could make demands, relationships were new not broken, trust was starting not a word to be spat at.
Did they get the management wrong to begin with? yes. Did they adopt simple procedures like challenging expenses from the off (first thing anyone does taking over a company let alone a severely distressed one)? No Were there other choices? yes
They may have provided a team to hold its own in League 1 but that doesn't stop them taking responsibility for this mess much earlier than as of today
Funny after that line you totally dismiss the damage done by previous regimes. The damage done by selling Highfield Road is irreparable and can be directly attributed to where we find ourselves now. Yep, SISU should have done this and shouldn't have done that, but if we hadn't have made the catastrophic mistake of moving to a new stadium then we'd all be saying "SISU who?"
For wanting people to take responsibility for their actions? I'd say that was already pretty grown up.
Is your definition of mature blaming everyone else?
The fans have never shown much appetite for supporting a longer term strategy of developing our own.
Funny after that line you totally dismiss the damage done by previous regimes. The damage done by selling Highfield Road is irreparable and can be directly attributed to where we find ourselves now. Yep, SISU should have done this and shouldn't have done that, but if we hadn't have made the catastrophic mistake of moving to a new stadium then we'd all be saying "SISU who?"
oldskyblue58; said:Ask yourself had they said in Feb 2008 the club has to be viable live within means but that means relying on youth, selling players for a few seasons, keeping wages down (like now) would you have gone with that - I suspect most fans would if for no other reason they would so relieved to still have a team. It was the sensible business thing to do at that time.
What rent price were we paying for the last couple of years at HR? Was it (rumoured) £1 mill a year?
How much debt were we in when we owned Highfield Road?
There is no evidence supporters would accept that.
Trying to sign mcgoldrick on £10,000 a week would have been financial suicide but in football fans terms its "investment" or "commitment"
Funny after that line you totally dismiss the damage done by previous regimes. The damage done by selling Highfield Road is irreparable and can be directly attributed to where we find ourselves now. Yep, SISU should have done this and shouldn't have done that, but if we hadn't have made the catastrophic mistake of moving to a new stadium then we'd all be saying "SISU who?"
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?