How much will we spend in the summer? (24 Viewers)

[shmmeee]

Personally I look forward to seeing a team of extremely expensive, extremely talented foreign players of whom I have zero prior knowledge or personal connection with finish lower mid-table next season. Sack off Tats, Bobby and Haji, bring on the mercenaries.

Wasn’t so long ago Tats Bobby and Haji were the mercenaries cos they didn’t turn up in Samoan Joes of a weekend like the salt of the earth types that got us where we were.

 

---

[clint van damme]

Southampton net spent £120 mill but let Russell Martin manage it.

And that's it really, there are so many factors involved in staying up, throwing money about offers no guarantees of anything, all I'm saying is, if the worse happens, have a solid contingency plan, which to be fair, I think King will.

 

[StrettoBoy]

On the basis that we have just valued Haji Wright at £200 million I think we will need to spend at least eleventy billion if we are to stay up.

I suspect we will spend less than this.

 

[shmmeee]

And that's it really, there are so many factors involved in staying up, throwing money about offers no guarantees of anything, all I'm saying is, if the worse happens, have a solid contingency plan, which to be fair, I think King will.

Better players give you a better chance. There is absolutely a correlation between money spent and success levels. Far more than any other variable.

 

[Brighton Sky Blue]

And that's it really, there are so many factors involved in staying up, throwing money about offers no guarantees of anything, all I'm saying is, if the worse happens, have a solid contingency plan, which to be fair, I think King will.

It’s just incredibly difficult all round. You have to significantly improve the squad but in so doing you dismantle the team that went up and have to integrate a whole load of new players in one summer.

 

[clint van damme]

Better players give you a better chance. There is absolutely a correlation between money spent and success levels. Far more than any other variable.

Of course, there's also a correlation between wasteful overspending and clubs who really are far to big for L1 ending up there!

 

[covcity4life]

Rolled the dice.Their net spend last season was over 120 mil.
Forests was over 140.
Though Forest got docked points for their spending spree last season, so along with the reasons I outlined earlier, not sure they're a great example.

I don't remember soton having a great squad

But I guess that goes to show it's alla bout recruitment. Forest spent loads a d brought in good players.

But you can waste money too

@Lamps I would have no issue with us spending over 100m

We just have to hope our recruitment continues to knock it out the park.

 

[clint van damme]

It’s just incredibly difficult all round. You have to significantly improve the squad but in so doing you dismantle the team that went up and have to integrate a whole load of new players in one summer.

Yeah, we all want to go up, but it's going to present a whole new set of challenges.

 

[Brighton Sky Blue]

I don't remember soton having a great squad

But I guess that goes to show it's alla bout recruitment. Forest spent loads a d brought in good players.

But you can waste money too

@Lamps I would have no issue with us spending over 100m

We just have to hope our recruitment continues to knock it out the park.

Forest signed 20-30 players and the Greek Fat Tony bankrolled a huge chunk of it.

 

[Earlsdon_Skyblue1]

I don't remember soton having a great squad

But I guess that goes to show it's alla bout recruitment. Forest spent loads a d brought in good players.

But you can waste money too

@Lamps I would have no issue with us spending over 100m

We just have to hope our recruitment continues to knock it out the park.

The talk of money only really makes sense when you factor in who is actually spending it. I have a reasonable amount of faith in our management team to spend a kitty quite well, which we should really do if we end up getting promoted. I would hate to do nothing and just come back down like some of the other clubs.

That said, if Wrexham had 100m to spend you would end up with about two players from the Kazakhstan second division.

 

[covcity4life]

Forest signed 20-30 players and the Greek Fat Tony bankrolled a huge chunk of it.

Yeah and it worked. I rmemrber standing up for it at the time when posters on here were saying what a big mistake they were making etc

We don't have to go that far but we should aim to bring in some real quality for sure

Like I said we need about 7 new signings to add to squad of

Dovin
Rushworth(if can make him perm)
Thomas
Kithcing
Woolf
JDS
Mve
KKH
Grimes
Torp
Rudoni
EMC
Saka
Wright

That's 14 players.

Add some maybes in like

Simms
Bta
Eccles

Leaves us with about 7 or 8 new signings needed to be starters mostly or rotation.

Do well to bring them in without spending 100m?

I get not wanting to spend loads but I assume everyone agrees we need 7 new players minimum of we go up?

 

[Mucca Mad Boys]

So how much for the 4-5 20m players and the rest to take it up to 10? How much for the wages as they won't play for free.

What's the purpose of this question?

You could apply it to this squad. We spent more than we've received on transfers, bought the stadium and increased the wage bill one the smallest to one of the biggest in the space of 3 seasons. The club is losing money as is.

For arguments sake, if you spend £100-120m on transfers and you stay up for 3-4 seasons, or even yo-yo between the leagues, it’s paid for itself.

 

[Sky_Blue_Dreamer]

Luton didn't really spend anything and their big project was the stadium and the feeling was that they were never going to establish themselves, so why bother?

With Coventry, it's a populous one-club city so establishing Premiership status could attract significant investment to grow as a club in the way Forest, Leicester and others have.

You can't go up, not spend and expect things to go well.

I'm pretty sure Luton also thought they'd be good enough to challenge when they got relegated. They didn't consider how a season of struggle would affect the mentality of the squad and couldn't just switch back on the winning mentality or turn off the lack of belief. Plus how other teams would approach games with them. And we saw how that turned out.

I think those advocating for not spending a lot are just assuming we'd still have a team at the top if/when we came back down. There's so many reasons that might not be the case. We have to at least make a decent fist of it, and that will cost a fair whack.

 

[Sky_Blue_Dreamer]

And what makes you think 100 mil is the magic number that guarantees staying up?

Wolves squad, who are stinking the place out at the moment, is valued at 370 mil according to transfer market.
Even spending 100 mil doesn't get our squad to that value.
And again, you are trying to put an arbitary figure on the spend, and that's not what I'm doing, I'm saying we need to be able to handle a relegation financially if it happens, which there's a very good chance happens.

No-one's saying it's a magic figure to stay up.

We're just looking at how many players we'd need to sign to have an evenly remotely competitive team/squad,. Then how much players of that calibre cost (including the premium charged for being PL). And when you take that into account you're looking at a cumulative spend of £100m+, and assuming everyone we sign works out to a decent degree.

So it's sort of if we spend less than that we're almost certain to go down. When you're talking about spending a sensible amount, in the current climate £100m IS a sensible amount, as unbelievable as that might seem, as it doesn't spend everything you get for promotion leaving you a bit to fall back on but should give you a chance to be competitive if spent wisely.

 

[covcity4life]

Do we all agree we need 7 players or so next summer?

And if you do agree do you think it's realistic to get 7 players for less than 100m combined?

 

[shmmeee]

Of course, there's also a correlation between wasteful overspending and clubs who really are far too big for L1 ending up there!

I think the ownership has proven itself capable. And I think that’s the key variable. I also think we’ve lucked onto a promising manager and I’d back him to make the most of what he’s given. As such I’d give him as much as possible.

 

[Cally Fedora]

I’ve got to say this talk of promotion is giving me the heebie jeebies. I’ve followed Coventry for around 45 years. This is not going to be a slam dunk. The clubs DNA won’t allow a comfortable ride.

 

[Lamps]

What's the purpose of this question?

You could apply it to this squad. We spent more than we've received on transfers, bought the stadium and increased the wage bill one the smallest to one of the biggest in the space of 3 seasons. The club is losing money as is.

For arguments sake, if you spend £100-120m on transfers and you stay up for 3-4 seasons, or even yo-yo between the leagues, it’s paid for itself.

You said nobody was talking about spending all the Prem money plus parachute payments all in one go and I quoted you on that plus where you said about spending that much. Now you've changed what both of us have said.

I said we need to be wise with the money. We need to keep our best players and complement what we have. I said we need to be careful of what we spend plus the wages. Some like yourself are happy to risk our financial future on giving it a go for one season and hope for the best.

 

[shmmeee]

You said nobody was talking about spending all the Prem money plus parachute payments all in one go and I quoted you on that plus where you said about spending that much. Now you've changed what both of us have said.

I said we need to be wise with the money. We need to keep our best players and complement what we have. I said we need to be careful of what we spend plus the wages. Some like yourself are happy to risk our financial future on giving it a go for one season and hope for the best.

What’s our financial future in the Championship?