By people, you mean the financially literate, and more so me, given I'm the only one who has mentioned break even here. The simple truth is that the football industry has lost all sense of reason. That average league 1 clubs are haemorrhaging money and have to be propped up to a significant degree by those with more money (but not enough over long periods) than sense. As it stands, I'd happily argue the value of the club is worth less than the annual amount our owners are having to subsidise it for. Our owners aren't wealthy enough to keep pouring bad money after bad indefinitely and they are trying to curtail the losses. There could easily come a time where they just walk away, because it's actually cheaper do so. But they are in the casino. Hooked. One good season and someone might buy it for something like. What fans can't, nor should expect, is a never ending line of multi millionaires and billionaires happy to spaff their money up the wall in the folly of playing at a higher level to spaff even more to stand still. You're right, most clubs aren't sustainable. We are very much one of them, at the whim and mercy of the owners amount of remaining charity.
I expect there will be a sell-on clause in the fine print. We might get him for free now, but if he goes onwards for £100m after a couple of successful seasons firing us to the Premier League, West Ham would get a big chunk of that....
Looks a really good signing to me. Low risk with a high potential ceiling. Exactly the sort of signing we should be making.
Agree with this, fans have been saying we should be looking at signing top L2 players. On face value we’ve done that, hopefully he’s a DKD type signing.
Again no it's not.. it's a managed adjustment. You can use as much sensational words as you want. Unless you are Neerav and the rest of the boards accountant you like the rest of us have no idea how much they've got. And how much they'll willing to put in. It's just guesswork. It's not a 'dire situation' it's actually the way of the world we live, not just sport. Built and based on debt. Now whether that's clever or right is a different argument, but we are where we are. And again in the realm of professional football we are not dire financially compared to others. Which is actually all you can compare it on
Again, it is. What others do or don't do is irrelevant in the scheme of our own position. We don't have debt, because the owners are currently footing the sizeable losses. Please don't confuse critical financial differences. When they've had enough, which is getting closer, we've got big problems. We're insolvent without large amounts of equity every year. I'm sorry you don't understand this.
Choose whatever the what's, whys and costs etc one thing for sure he looks very good technically with bags of energy, can see him being a firm favourite looks to have natural talent at driving forward at players quite a rare commodity these days and puts opposing players in that zone they don't want of either stepping up or dropping off. Confident he can make the step up up from L2 to L1 Looks a good find.
As I did with Matty Craig, I’ve spoken to someone I know at work who is a Donny season ticket holder to get their opinion on our new signing. He wasn’t overly enamoured, let’s put it that way. Said he is too lightweight and even though he will run with the ball well, he’ll often give it away. I’m still optimistic about the signing though. He’s certainly what we need in terms of box to box and someone who can carry the ball. Hopefully he can learn a lot under Hourihane.