Reply With QuoteWe don't lose money in the Prem. We lose lots of money in the Championship.Originally Posted by Cyclops
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He's proved he doesn't want to put a sizeable investment into the playing squad to stay in the upper echelon. So what's the point of getting into the same position we were in this time last year?
It's fairly obvious that he likes Warnock because he achieves on the cheap. Even with the parachute payment, I don't expect Tan to spend more that £25m during the summer. Warnock has been his own worse enemy.
We don't lose money in the Prem. We lose lots of money in the Championship.
Because every time we get up there we get £100m plus in income. I think that helps all clubs.
We could have done what Fulham did, spend £100m + and still got relegated. Be nice if we had a good season again next year, got promoted and had another chance in the Prem. Attendances would be good.
Not so.
https://www.bbc.co.uk/sport/football/35638926
After PL parachute payments...
Indeed, but if you read the article City actually lost £12 million during their first season in the Premier League.
Of course he wants to be in the prem.. I'm a Tan fan but let's not pretend he hasn't a massive ego..
There are hundreds of millions of reasons.
The only season that has happened in a long time
If that's the case why doesnt he put the club up for sale now now ?
Tan showed absolutely no ambition to stay in the Premier League during the last campaign.
If he truly believed the PL was the Land Flowing With Milk and Honey, he would have spent more rather than sanctioning the signings of two donkeys in the January transfer window.
Why does anyone think it would be different next time around?
He sanctioned the signing of Emiliano Sala for a £15m fee plus other costs.
We were about to break our transfer record in January. Is that not showing ambition?
They'll almost certainly turn a profit this season, and next due to the parachute payments.
Malky's overspending on players we didn't use.
Er, the small matter of millions of pounds.
What a bizarre question!!!
🙈🙈🙈
And the MM promotion, wasnt a figure of 60 million mentioned ,plus the season before investment must have sailed it towards a 100 million, bloody big sums ,the man has more than once put his money where his mouth is.
I think this time he was going to throw silly money around, knowing with a sensible approach you could achieve more over a number of years.
Again we can look at the spend and bust Fulham model, as evidence of how it can go wrong ?
If we leave the Emiliano Sala transfer fee to one side, we have still spent in the region of £30 - 35 million in transfer fees in the past year plus the £6 million for Gary Madine a few months earlier - people have this quaint notion that we were operating at a financial level miles behind all of our rivals and yet, in terms of transfer fees paid, we were far from that.
Let's not forget either that Vincent Tan effectively wrote off over £70 million of what he was owed by the club this time last year.
That's exactly what I mean by lack of ambition. With £100m+ for simply playing in the Premier League plus increased gate receipts for the 10K extra fans who attended home games, to invest less than around a quarter of this last summer displays little aspiration. We all know that splashing out on a decent striker last July/August would have kept us up and would have generated another £100m+ next season.
IF (and it's a very BIG if) Warnock gets us promoted again, is Tan going to spend another £35m next summer? It won't keep us up.
Since Promotion, the club has spent:
~£25m on promotion bonuses (fell into 17/18 accounts)
~£40m on transfers
~ £10m on Prem wage increases
+ Sala deal + is underlying loss-making anyway
I reckon the 18/19 accounts will show a profit of c.£20m (thanks to the bonus falling into 17/18), with benefit of Tan's debt conversion on top. Goes to show how quickly the £100m can be spent.
Should mean that our debt as of today is around £40m.
Surely keeping the club afloat and well run, is what comes first? The days when we were in and out of the courts and getting called out on Sky for not paying for a player weren’t the best times.
The first time around with malky we were the new kid at school and we got mugged, cornelius deal for an example.
You cant blame him for being cautious with his loot this time around, i know i would be.
Are you forgetting what Neil Warnock said !!!!!
He's had to STOP VT spending loads this season ...... VT wanted to spend shed loads on players that NW thought were well over priced
Totally agree with this.
But this time round, Tan overreacted and went to the other extreme = an under-spend.
Do we? It’s far from certain that one player would have been enough
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