It’s a good job that we received £250m or so income to spend the £120m! We shouldn’t need financially to recoup the money. We should be looking to build. How come every team who goes up and spends more than us comes down and still spends to get out the division.
We know Boro is shot topic at the moment but they bought a midfielder for a couple of million. Without parachute payments?
Yes people can be annoyed that the players aren’t performing but our problems are so much bigger than a current manager.
I don't mean to offend mate but that is quite a simplistic view and I wouldn't want you to kid yourself that everyone who comes down goes on a mass splurge and we are the odd ones out.
There isn't 130m 'left' from 250m. 120m is what we spent on transfer fees alone. You can probably add something daft like another 10m on Agent fees or more. Taking just Berge. McBurnie, Mousset and Brewster, they are probably on at least 120k per week between them. Some 3 year deals, some are 4. You are looking at a commitment up to 25m just for their wages alone and that is 4 players. The wage bill is probably 70m and now we cannot count on the tv money. Reminder our turnover when we were in league one was not much more than 10m. There is a huge potential drop off and we cannot just deal with it later.
What you say about spending simply isn't true except for Fulham who have a guy who has more money than sense.
Even Bournemouth who are owned by a billionaire as an example:
20/21 -
Total sales - 84m - Aké (Man City), Ramsdale (Blades), Wilson (Newcastle), Arter (Forest).
Total purchases - 0m
21/22 -
Total sales - 24m - Danjuma, Sturridge, Rico
Total purchases - 5m
Take Norwich:
20/21 -
Total sales - 40m - Godfrey (Everton), Lewis (Newcastle)
Total purchases - 12m
We need to be very sensible for a while now and ride this out. Hopefully we can pick up the odd loan like Gibbs-White who makes the difference between a mid table team and a play off team which may elevate the values of some players.
The issue is, like him or loathe him, Chris saddled us, since promotion with players that have negative equity. I.e. if we sold them now we'd make a huge loss on them which probably wouldn't pay for the money we still owe on them, with fees often spread over the duration of the contract. So you either sell them cheap and take the hit or you hope they improve through circumstances e.g. a loan player or two comes in and makes the whole team perform better.
But being sensible, spending more money, whilst still paying for these prior purchases just isn't a viable option.
The Prince for all his detractors is guilty of 2 things (1) not being richer than he is. (2) going all in on Chris' judgment.
Throwing more money and therefore more debt isn't an option. And if you were the Prince, wouldn't you at least half expect some return on the 120m yet the team we have now is arguably less competitive than the one that got promotion last time.
