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PLAYERS WAGES ARE STILL A BIG PROBLEM.
  • Knoxy2001e
    Posts: 1,424
    "We're a badly run Club lads, the financial report shows u that"

    no we are not. we are a very efficiently run club. 

     entering into complex agreements to stay afloat indicates that our income is simply not high enough to sustain the wage bill and other increasing costs that we face. and thats all. 

    we have a limited potential for income and the income that we receive does not cover the costs of running a premier league club.

    that is, simply put, the situation that we are in. if you have any ideas for increasing our income, great. lets hear them. the same with all the other pundits out there who claim to know what they are talking about.

    the fact is they dont know. we are lucky that BK & Moyes have managed to salvage us from the wreck of the johnson era.
  • True4kinblue
    Posts: 21
    Ok Knoxy, if we're not a badly run club then why have we disposed of £50m worth of assets, put ourselves an estimated £30m plus in debt to effectively total it to £45m? That amount hasn't changed for years either.

    If we are such well run club then:
    Maybe u could explain with facts why we are a better run club financially than we were under Johnson?
    Maybe u can explain where the £40m Other Operating Costs have gone?
    Maybe u can explain why the banks are calling their debts in?
    Maybe u can explain why EFC credit rating has been downgraded?
    Maybe u can explain why the Security Loan is repaid at such a high interest rate?
    Maybe u can explain why we have already borrowed against the next 2 years tv revenue?
    Maybe u can explain why only companies on British Virgin Islands will lend us money?
    Maybe u can explain why we have sold £20m players in the last year for no return investment in the squad?
    Maybe u can explain why we haven't as I type bought a player in 2.
    Maybe u can explain why BK had to write to the banks so they never stopped us trading in the Summer?

    I do have ideas, as do The Blue Union but all detractors go on about is the non-existent tape forgetting what the real issues are here - like securing FF against future tv monies (as it already is) so that in 10yrs time it will be the clubs property again.

    I also know, using a reputable company to sell us such as BarCap or Inner Circle Sports would be much more efficient and fruitful that BK n Keith Harris's 24/7 efforts - maybe that's because the club isn't really for sale at it's true value?

    http://companycheck.co.uk/company/00036624

    I eagerly await Ur factual reply...

    Oh and just for the record, I agree with the Moyes part of ur comment.
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