Since the change of financial rules in the Prem you can only spend 85% of your revenues on player signings and wages. There's also a rolling 30% extra that doesn't reset in case of emergencies.A football media mate of mine who never has anything interesting to tell me about Cov, has suggested the reason we have been taking time with transfers relates to bringing in new investment.
I’m not sure how reliable he is because frankly he has said some things before that were nonsense
But be rude not to share. Anyone else heard any murmurs?
It's actually a good leveller for us if we can establish ourselves isn't it. Our revenue is only going to improve with Doug plus owning the ground. Another reason why I think we'd look to extend the stadium somehow if we stayed up for a couple of years
Called it!Could be nonsense, or unrelated, but
Transfer Rumour Post in thread 'Summer Transfer Window 2026'
Well, he's doing a very poor impression if so.
thankfully
I listened to this as well. I'd consider it the best barometer as it is straight from the source.
It's only a leveller with the clubs with a similar revenue.
Richardson was a bit of a crook and it wasn’t just the football club the guy ruined
Apparently the investor is a guy called Infantino , anyone heard of him ? !!!Called it!
Richardson would have bought back Highfield Road before letting us end up under the council boot. McGinnity enacted a coup to stop it so he could get the money from the stadium for his seating company.
McGinnity tried to steer the ship which was heavily taking on water and sinking from the damaged Richardson did. He ran up the huge debts and promised a stadium that was a thing of make believe with retractable roof and pitches (I’ve got the original magazine they published all about the new stadium being built) then overpaid for the land without taking into account the clean up work etc. It was a huge mess Joe Elliott and McGinnity tried to save the club but it was too late. Sadly SISU came in and we all know the rest.
Bellamy
Didn't it go back to the original investors? I seem to remember at the time Richardson was trying to trade players like horses where you had a consortium of investors who would stump up the fee to buy but would be able to take all the profits when sold.
Geoffrey Robinson ?
Not sure the investors got all the profits, but you’re broadly correct.
I was recently listening to Joe Elliot on the Sky Blue History podcast.
Apparently Robbie Keane was essentially already sold to Inter the moment we bought him - It was just a case of seeing how he would perform in the Prem for the 7 months we had him to satisfy Inter who allegedly stumped up 50% of the purchase price with a non repayment agreement if Keane was deemed a flop at that level.
Watch out for the murmurs!A football media mate of mine who never has anything interesting to tell me about Cov, has suggested the reason we have been taking time with transfers relates to bringing in new investment.
I’m not sure how reliable he is because frankly he has said some things before that were nonsense
But be rude not to share. Anyone else heard any murmurs?
Robinson offered £10m supposedly in a long term loan but then demanded his cash back at a point when he knew Richardson couldn't pay so he took control of the club - or so the story goes! True or not it doesn't really matter if you accept new money then you're always exposed to a boardroom takeover.
Robinson and his mates snaffled it up
Robinson lent the £6m to buy him. That's outlawed now but he effectively owned Robbie's registration. So he went to Inter and Robinson was paid off. The balance went on the gobshite Craig Bellamy, then Lee Hughes the year after, I suppose.
