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1 hour ago, Raminpeace said:

 


We should be able to pay our way. Our annual income is normally @£30m and our wage bill is now heading south of £15m. If we could shed Rooney and Lawrence it would be @£10-12m. The fans don’t miss the overpaid dross. We are quite happy with Lee Buchanan, Jason knight, Louie Sibley (derby fan) and Jack stretton etc. Pack the gaps with players who have the right attitude until we can build again. 

Mel managed the club like a complete amateur. His heart was in the right place - sort of. He was just a fan who fluked huge wealth, not because he was great at running companies but because he was a chancer who was in the right place at the right time with his internet companies  He is a fan from the Clough era, when we had a great team and broke the British transfer record a few times. There was a great buzz to making the big signings. Mel thought he could ride a wave on the back of our will hughes- George Thorne-Craig bryson-Chris Martin team. Like so many ego-maniacs he wanted to be the big man pictured with the big names, waving to the crowd. But he went daft signing players that we didn’t need, and killing the group bond in the process. Not a single signing improved the team but the wage bill mushroomed to £45m!! He was suddenly losing tens of millions and locking us into contracts with players who contributed nothing. If it failed he sacked the manager at great cost and simply did it all again from scratch. After Clement, Pearson, Rowett, Lampard and Cocu, the money has simply run out. He has amassed huge debts - mostly to himself - and stripped us of owning our own stadium. everything that followed reeks of crisis management. Like a gambler who staggers away from the casino after losing the lot it’s hard not to feel a pang of sympathy for the idiot. But we need to put the MM era behind us, mend fences, build bridges, and move on from the mess that he has created. Hopefully most of the debt disappears with him. 
 

But you are correct - external debts to HMRC and others are the real problem. We nearly went bust in the the mid 80s - only ten years after winning the league, and here we are again, failing to learn the lesson from our own history. 
 

How familiar all that sounds to us Wednesdayites!

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11 hours ago, Raminpeace said:

 


We should be able to pay our way. Our annual income is normally @£30m and our wage bill is now heading south of £15m. If we could shed Rooney and Lawrence it would be @£10-12m. The fans don’t miss the overpaid dross. We are quite happy with Lee Buchanan, Jason knight, Louie Sibley (derby fan) and Jack stretton etc. Pack the gaps with players who have the right attitude until we can build again. 

Mel managed the club like a complete amateur. His heart was in the right place - sort of. He was just a fan who fluked huge wealth, not because he was great at running companies but because he was a chancer who was in the right place at the right time with his internet companies  He is a fan from the Clough era, when we had a great team and broke the British transfer record a few times. There was a great buzz to making the big signings. Mel thought he could ride a wave on the back of our will hughes- George Thorne-Craig bryson-Chris Martin team. Like so many ego-maniacs he wanted to be the big man pictured with the big names, waving to the crowd. But he went daft signing players that we didn’t need, and killing the group bond in the process. Not a single signing improved the team but the wage bill mushroomed to £45m!! He was suddenly losing tens of millions and locking us into contracts with players who contributed nothing. If it failed he sacked the manager at great cost and simply did it all again from scratch. After Clement, Pearson, Rowett, Lampard and Cocu, the money has simply run out. He has amassed huge debts - mostly to himself - and stripped us of owning our own stadium. everything that followed reeks of crisis management. Like a gambler who staggers away from the casino after losing the lot it’s hard not to feel a pang of sympathy for the idiot. But we need to put the MM era behind us, mend fences, build bridges, and move on from the mess that he has created. Hopefully most of the debt disappears with him. 
 

But you are correct - external debts to HMRC and others are the real problem. We nearly went bust in the the mid 80s - only ten years after winning the league, and here we are again, failing to learn the lesson from our own history. 
 

A very well considered commentary on the idiots with money that ruin our game, behind every struggling club there's a half-wit of an owner.

 

I think the only thing you missed out was paragraphs, it was like reading the chuffing Rosetta Stone.

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59 minutes ago, TrickyTrev said:

This’ll most probably mean for 3 seasons on the spin a side getting relegated due to a points deduction.

 

Feel sorry for the Derby fans.


Said this before, but celebrating the end of the Super League plans (for now) as some sort of victory, and carrying on as normal with the status quo, was just short sighted naivety. 

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24 minutes ago, sheffield_dave said:


Said this before, but celebrating the end of the Super League plans (for now) as some sort of victory, and carrying on as normal with the status quo, was just short sighted naivety. 

Completely agree.

 

The spin from the top was it's a great victory for football, when in reality it was a victory for the the status quo.

 

We have top 4/6 who rule the roost and will keep doing so - it's just we can pretend that they don't and we have a great league.

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There are a few hefty swipes at the EFL in there...

 

A planned sale of the club and stadium that was due to close in January 2020 collapsed when the EFL was coerced into challenging the Stadium Sale transaction, a charge that would be dismissed some 9 months later.

 

These issues also led the EFL to preclude the Club from drawing down circa £8.3 million of financial assistance, as was made available to all other Championship clubs in respect of settling PAYE liabilities, further aggravating our cash flow and ability to meet our financial obligations.

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6 minutes ago, Ever the pessimist said:


Reckon he’s the one who ‘coerced’ the EFL to block the stadium sale, as referenced in the statement?

Wouldn't surprise.

 

It's a proper shark tank is the EFL.

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On 09/09/2021 at 11:35, Raminpeace said:

 


We should be able to pay our way. Our annual income is normally @£30m and our wage bill is now heading south of £15m. If we could shed Rooney and Lawrence it would be @£10-12m. The fans don’t miss the overpaid dross. We are quite happy with Lee Buchanan, Jason knight, Louie Sibley (derby fan) and Jack stretton etc. Pack the gaps with players who have the right attitude until we can build again. 

Mel managed the club like a complete amateur. His heart was in the right place - sort of. He was just a fan who fluked huge wealth, not because he was great at running companies but because he was a chancer who was in the right place at the right time with his internet companies  He is a fan from the Clough era, when we had a great team and broke the British transfer record a few times. There was a great buzz to making the big signings. Mel thought he could ride a wave on the back of our will hughes- George Thorne-Craig bryson-Chris Martin team. Like so many ego-maniacs he wanted to be the big man pictured with the big names, waving to the crowd. But he went daft signing players that we didn’t need, and killing the group bond in the process. Not a single signing improved the team but the wage bill mushroomed to £45m!! He was suddenly losing tens of millions and locking us into contracts with players who contributed nothing. If it failed he sacked the manager at great cost and simply did it all again from scratch. After Clement, Pearson, Rowett, Lampard and Cocu, the money has simply run out. He has amassed huge debts - mostly to himself - and stripped us of owning our own stadium. everything that followed reeks of crisis management. Like a gambler who staggers away from the casino after losing the lot it’s hard not to feel a pang of sympathy for the idiot. But we need to put the MM era behind us, mend fences, build bridges, and move on from the mess that he has created. Hopefully most of the debt disappears with him. 
 

But you are correct - external debts to HMRC and others are the real problem. We nearly went bust in the the mid 80s - only ten years after winning the league, and here we are again, failing to learn the lesson from our own history. 
 


All the signs were pointing toward issues with being unable to fund losses. I think FFP and admin are two separate things but taking two sets of points deduction at once may seem awful but I think it will only speed up the recovery. Better to get it out the way and rebuild. Wednesday might be in league one  and trying to rebuild but (for now) it seems more positive than being the outcasts of the championship.

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25 minutes ago, Bluesteel. said:


All the signs were pointing toward issues with being unable to fund losses. I think FFP and admin are two separate things but taking two sets of points deduction at once may seem awful but I think it will only speed up the recovery. Better to get it out the way and rebuild. Wednesday might be in league one  and trying to rebuild but (for now) it seems more positive than being the outcasts of the championship.


I’d happily swap with Wycombe now. It just prolongs the agony and is unfair on the players. 

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