I could give you a long list of the things to blame for where we presently are
Bryan Richardson and other directors for all but bankrupting us on several occasions. The over spending, vanity and egos
CCC for the sharp practice to do with the stadium build & since, the failure to create a viable lease with at least 100 years term. The lack of understanding
SISU for their failure to do their due diligence and to break the lease when they bought in. Their management style. The endless court cases and legal actions. The risk they have put CCFC at
Then there is wasps, charity, personalities, EFL, The FA, the media etc etc etc
the list goes on
The well being of CCFC and the community it represents deserved better from all of them. None of them get excused because the manager has got the team heading in the right direction.
But a lot of what happened and has been put in the public domain as some sort pointing finger, and done to death on this forum is frankly window dressing. It makes clicks online, it winds the fans up, it hides or clouds the real issues. It doesnt actually join the dots up and if anything just entrenches opinion.
I have to query a couple of things
Firstly the move to Northampton, which was an entirely different scenario to the move to Birmingham. It was engineered to break the lease there was no other purpose or reason. It worked in doing that, it was a clever use of legal process, it very nearly worked completely ............. apart from the big wasp in the ointment. Yes CCC are to blame for a lot of things, and they have helped reduce things to personalities which was never going to be helpful to CCFC, but the Northampton move was a financial plan to gain control of the stadium for the benefit of the SISU investors. The plan of gaining control of the stadium cheaply was never to retain it but to flip it on to AEG and to make profit for the investors
Secondly this backing of Robins. Yes SISU have in the sense that they have let him and his management team get on with the business of running the team. That is not a bad thing, infact i would argue that is a good thing going forward so long as MR and his management team/structure stay in place
However i think many, even the majority of fans see backing as an owner putting money in to the club and specifically the team. Simply hasnt been the case under MR's tenure. Since his appointment 06/03/2017 SISU have made loans of £500K of which £254k has been withdrawn and repaid (i think it is fair to ignore the loans and repayment of loans (net £388k) in the 31 May 2017 accounts MR had only been here 2 months and no transfer market available to him). On top of the net £246k (2018 & 2019) the 2019 accounts disclose that the owners paid out £1.48m of the interest owed to them. During this time total debt has grown to 50.1m by 31/05/2019. So during his tenure SISU have taken a minimum net £1.2m out of the club
SISU are in terms of backing the bank of last resort certainly to 31/05/2019 - it is in their interest to do so because if they dont their investment goes down the tubes
The "backing" has been by SISU not taking all of the net proceeds of player sales & trading by the football club because the club has survived only because of those sales and until 2019 there was little left over to pay the owners. Any player purchases have been self generated by the club selling other players. To keep the club operating day to day has meant selling players. That is the model we work to
Now the 2019/20 figures may by necessity of the health crisis require some funding from SISU but we shouldnt forget the sales already concluded in that financial year McCallum, Bayliss etc. The financial model isnt based in normal times on funding and increased capital debt from the owners. People will point to the recent signings, but it is highly unlikely we have paid out the full amounts in the press and what we have paid has most likely been from accumulated player sale funds.
So i am not sure i agree with some of the assertions being made, but just my opinion
