Yes, I agree it's more complicated than I suggest. But so far it's anything but a gift, and it's quite clear that the spending on Beattie, and all the other stupid contracts, properties etc have lead to us being next to broke now. If said contracts had been covered by parachute payments and McCabe's generosity, we wouldn't be in the mess we are now.
I've laways argued that MCabe wanted what's best for us. I just think the vast majority of his decisions have spectacularly backfired.
UTB
Indeed, but the splashing out in 07-08 was, in itself a reasonable thing to do. The players signed with a half decent manager should have been capable of walking promotion. Where KM went wrong was in appointing a manager whose stunning ineptitude is matached only by Micky Adams. Under the (as many people point out) hardly top rate manager Blackwell those players had a record of P14 W8 D3 L3. Extrapolated over a season that would have given us 89 points, which would have seen us champions and promoted with 12 points to spare!