What happened to the money from transfer fees? Your answer

Great thread here about the state of finances in the championship. You can clearly see what PC was up against and how he invested money in the club to support us. You can also see some of the money we've invested as a club to create future sustainability through our recruitment model.

After reading it, I'm proud to see that we're being run properly. I look at the state of the finances of other clubs and would be fearful if I was a fan.

 

Great read that. I still would bet though that some people still suggest that we spend more on wages to keep players and more on transfers to bring in players. Of course we do need to do these things but in a controlled fashion and rarely do we see suggestions at the other end of the balance sheet and P&L on how we would suggest funding it.

 

I think it shows why the new owners were interested in us:

1. We had minimal debt and were operating under our own steam and with a tiny bit of cash in the bank - unlike most clubs.
2. Our model for generating income was beginning to work and we had shown that we could be competitive, albeit only in short bursts (mainly due to contract lengths). After learning that lesson the hard way, with Watkins, Scotwn, Bree and Hourihane in particular, we have started to give out longer contracts or cash in earlier.

If we get back to the championship and our players continue to perform well (and be sold for good money), it's not crazy to think that one day we might have a squad that could challenge in the top 10 for a more prolonged period. Especially when the chickens come home to roost for all of the clubs in huge debt.