georgehudson
Well-Known Member
pursuant to the 'systematic & prolonged rape' of OUR CLUB i'm sure true fans await a myriad of reasoned posts,
hang on a minute joy i'm only asking ?
hang on a minute joy i'm only asking ?
Tommy Atkins won't be at his Whitehall desk until the morning.
Give him a chance to read the Daily Mail, switch on "his" computer and check the FT Index before he can respond.
pursuant to the 'systematic & prolonged rape' of OUR CLUB i'm sure true fans await a myriad of reasoned posts,
hang on a minute joy i'm only asking ?
Let's not pretend that CCFC was some sporty Jaguar that SISU "asset-stripped". We couldn't pay our bills, were literally minutes from admin with no known buyers despite public calls for investment, were facing a TRUE asset-stripping and possible extinction as a club.
They found CCFC in pieces and have left it in pieces. As far as I'm concerned, it's no better or worse. That's the Richardson legacy.
Let's not pretend that CCFC was some sporty Jaguar that SISU "asset-stripped". We couldn't pay our bills, were literally minutes from admin with no known buyers despite public calls for investment, were facing a TRUE asset-stripping and possible extinction as a club.
They found CCFC in pieces and have left it in pieces. As far as I'm concerned, it's no better or worse. That's the Richardson legacy.
Off the pitch I agree, on the pitch its Sisu who have took us down.
Given the choice between relegation and liquidation of the club, I think we would all pick relegation
That is a key issue - we need to preserve the long-term future of the club.
Not continue to spend other people's money
Off the pitch I agree, on the pitch its Sisu who have took us down.
But we're just as likely to go bust now as we were in 2007, just in a lower division.
As I have said elsewhere, perhaps all SISU did was delay the inevitable.
Or rather, delay the day of reckoning.
Cuts had to be made, just as McGinity was forced to make cuts. This is a continuation of the need to find a sustainable level.
But this is where I have a problem with Sisu. In 2007 cuts had to be made, too many bad players on high salaries. That didn't happen.
They should have come in and said money is tight, player budget will be limited, all investment will be directed at sorting out the clubs structual problems.
They come in, thought they could throw a few million at the playing squad, and fluke a promotion.
That lack of a business plan is what has killed us.
Oh they are culpable in many respects yes but not the sole reason we are relegated this season.
I wish they would go but at the moment only they are keeping this club afloat.
They come in, thought they could throw a few million at the playing squad, and fluke a promotion.
I'm not sure that it was the plan, tbh.
I mean, look at the players CCFC spent money on in that period: Eastwood, Dann, Gunnarsson, Westwood, Fox. Grand players for sure, but none of them were established at Championship levels. They just aren't the sort of players you associate with a promotion push.
Ranson went on record many times saying that he wanted to purchase the best players for lower league clubs. I think if anything, the idea was to create a self-sufficient finance wheel - buy low, sell high, re-invest. I've long been a believer that it was the economic crisis in '08 that meant the money from investors dried up and the bills had to be called in, ie little to no reinvestment from player sales.
I've long been a believer that it was the economic crisis in '08 that meant the money from investors dried up and the bills had to be called in, ie little to no reinvestment from player sales.
If that is the case then that shows what poor business people they are.
Northern Rock went tits up in September/October 07, at that point everyone knew a recession was on the way.
Sisu bought us in December 07, their financial bods should have already been planning for the impending economic crisis.
And a key problem with that plan was that it didn't address the club's operating deficit. We continued to lose money at an alarming rate. We have been spending money we didn't have. The last time we did that, we got relegated......
They are actually very effective business people.
They just don't want to continue to spend money on this football club
Northern Rock went tits up in September/October 07, at that point everyone knew a recession was on the way.
Northern Rock was small potatoes compared to the domino rally that happened in the USA a year later. You can almost time the dramatic change in policy to the day.
So why did they not see the recession coming when everyone else could?
This was 3 months before they bought us:
http://www.moneyweek.com/investments/stock-markets/is-a-global-recession-on-the-way