I think we have to remember we've been stuck in League 1 for years more than most people expected and that's impacted enormously on finances, whilst at the same time, the cost of competing at the next level up has increased significantly. We're a big club with big overheads, that makes it even more difficult to manage when you're trapped in the wrong body of League 1. I'm not making any excuses for McCabe and the Board, because I think the mismanagement of the club at that level has resulted in the situation we found ourselves in. It's not just "bad luck", as McCabe would have it, but I can understand why he's keen to remind us about that.
I do think that McCabe and the Prince have put serious money into the club over the past few years. They've had to, to keep it afloat. And they've also worked to an obvious business model of ensuring we make profits on transfers every season to supplement that. The last time we actually spent more on players than made from selling them, was 2005/6 season - which resulted in promotion of course. I think that should tell us/them something. Basically, if you want to push on and get a promotion you have to invest in the playing side of things and push the envelope a bit, financially. You have to take some risks. How big a risk you're prepared to take isn't so much linked to "ambition" as financial reserves. This is where I disagree to some extent with the article, although I must say I'm a big fan of "View From The John Street" and think it's one of the best blogs out there.
McCabe has the unfortunate knack of misjudging how his words will be interpreted by most. He's always keen to deliver good news and when he spoke several years ago now about "game changing" investment and "think Liverpool" (or whatever it is exactly that he said), it set expectations racing amongst many fans. I don't think he ever set out to deliberately deceive anyone, but I think he is capable of believing his own rhetoric at times. That's fine, but when you've got 20,000 fans who believe it as well it becomes an issue when the money appears to not materialise.
When last asked about this I understand McCabe said that this money would kick-in when we reached the Championship. He'll be aware that we've reached the Championship now and if we'd just won our first three matches I doubt anyone would even be discussing it, but losing two out of the first three puts this topic into the spotlight again.
McCabe at least has shown some forethought and anticipation in raising the topic of us needing more investors and reminding us of the January transfer window before the season started. That, to me, was a clear indicator that he was trying to manage expectations amongst the fans - but it's better not to raise them in the first place.
Where do we go from here? The good news is we have a very good squad of players and an excellent manager. What we don't have are the finances to compete on a level playing field with many of the teams at this level. So I'm really not expecting any big investment of money or big fees spent on transfers. What I am expecting is the manager to recruit shrewdly, as he has done so far, and use the loan system in particular to bring in at least another 3 players of higher quality than we have now in the key areas of central defence, midfield and attack. If he can pull that off then we could be challenging at the top end of the table and I think that would be good progress for this club.
At some point though, we will need to push on that bit further. And I don't think that Wilder will be happy to stand still, or worse still, go backwards. I wouldn't worry about a mis-match between the Board's ambition and Wilder's ambition this season. But next summer could be a different matter if Wilder feels that a lack of investment will prevent him from taking the club forward again.