Jim Phipps on Finances, Transfers, New Season

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dannycorker

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Just saw this that Jim posted in a closed Facebook group:

"You are misinformed, but not entirely at fault for that and, in any case, entitled to your own opinion. If you would ever like to have a sit and talk about how the finance at the club works and how player recruiting and retention is done, I'd be more than willing to visit with you. In brief, however, your club is financially healthy, debt free, and competently managed both on and off the pitch. The board has afforded our gaffer the resources he said were necessary to this season's task (escaping L1). In my opinion, NC has done a masterful job during the close season/training of deploying the allocated resources in a manner calculated to take us up. We see and talk to NC regularly and he knows he can be very frank with us about the side's needs and that we will be very supportive. The board, front office management, and football management are in alignment. I am sure your concerns are motivated by a desire to see the club go up and a worry that past negative experiences might be repeated. That is understandable, admirable even. I am, moreover, certain that the errors in your reasoning are largely the byproduct of your not having enough information. You are not at fault for that. We are. We don't put everything out there, because business-wise, it does not help. Others can use our financial circumstances against us. For example, when one club recently made public information that we had agreed would be kept private, actors in another potential transaction became grabby, thereby killing a deal. Sometimes I believe it might be useful to hold a fan forum in which we might talk about how football works from head to tail in English football (PL, FL, etc.), so that there might be a broader understanding amongst our fans about how it works and a more specific understanding about the approach of our club in particular. Not sure if folks would be interested, but I suppose I could perhaps even bring in some of the top football finance people in the country to give an objective overlay. Overall, I am very confident about the season ahead. Yes, like you, there are areas that still require more talent and/or settling in for me to be convinced, but I am a believer. I trust Nigel. I have confidence in our lads. There are more bits of business to be done before and as the season gets underway. I would ask that you stand with us. Lets start this season UNITED. #believe"

My main takeaways from that:

- I continue to be amazed by Jim's openness. I don't know how genuine he is with an offer to go and meet up with fans and talk through finances, but I still find it quite incredible to see, especially with his new position.
- Claims that NC came to the board with a number that he would need for promotion and the board met it. Reaffirms the belief that NC is in charge of all football matters, and his aim is to get us up this year, not to build a squad that will take us to the top of the Championship too.
- Looks like Hull should have kept the HM fee to themselves, now that Derby know about it they want more for Freeman. I didn't used to have much of an issue with Hull, but this bit of business has definitely made me think much worse of them.
- More business to be done before the season starts (therefore next few days which would suggest something is at an advanced stage) and as the season commences - hints at using the loan market?

EDIT: Worth noting I don't actually have access to the FB group - just transcribing what I've seen reposted from there.
 

We'll see because I'd love to know where the fa cup and Maguire money has gone and if it is still available to NC.
 
We'll see because I'd love to know where the fa cup and Maguire money has gone and if it is still available to NC.

My take on it is that everyone moans about the cup money and the Maguire money, but who exactly should we have spent it on? I can't think of any top strikers that have moved to other L1 clubs that we should have been competing with but not had the cash. The fact is we are an L1 club, and even if we had City's owners we'd struggle to get high class players to move here.
 
Fair points from Jim but he's wasting his breathe.

This will not stop football fans moaning like fuck whenever they can. It's in our DNA.

I'm being reasonable here as I'm keeping my powder dry.

If we drop any points on Saturday, I will be on here moaning like buggery.

UTB - you've been warned !
 
Got lots of respect for Jim, a real asset to the club. Trust in NC and wait for the right players to come along. In the meantime we grind out the results. I like the plan, bout time we had one. :D Lookin forward to this season. ;)
 
Hence fees are (often) undisclosed so that the OP scenario regarding Harry's fee and the effect it had on the Freeman negotiations might not happen
 
I think the club probably wished they had tied up the Freeman deal before Harry had been sold. Hull sound like they have been proper twats over Maguire but that's not surprising since they have Steve Bruce.

I admire Jim's honest approach and he is happy to answer the fans on a regular basis.
 
He's had a series of tweets tonight as well - definitely close to signing a striker by the looks of it:

10:07 PM
Too kind, John. Spent the afternoon with players, staff & families. A very good vibe. We're ready to dial in & do business.

10:56 PM
There are two things our fans want this week. I am predicting they'll get both. ;-)

11:04 PM
I mean to refer to two categories of things fans want: more strength up front and three point on the League 1 table
 
He's had a series of tweets tonight as well - definitely close to signing a striker by the looks of it:

10:07 PM
Too kind, John. Spent the afternoon with players, staff & families. A very good vibe. We're ready to dial in & do business.

10:56 PM
There are two things our fans want this week. I am predicting they'll get both. ;-)

11:04 PM
I mean to refer to two categories of things fans want: more strength up front and three point on the League 1 table

Sounds promising.
 
We'll see because I'd love to know where the fa cup and Maguire money has gone and if it is still available to NC.

It doesn't work like that David. The football club has expenditure way above its income. That gap has to be bridged. There is, however, a "generous budget" available to NC and he is, according to Foxy, who knows a thing or two, happy with it.

The message has actually been perfectly consistent. The investment will kick in with some force when we reach the Championship. I've said this many times, but no one notices (the story of my life) - HRH is contractually obliged to provide a certain level of investment over a certain period. No-one is trying to fool you, con you, or any such thing. What would be the point or purpose of that?

Finally, do you think we should spend money, just to prove we've got it? Our excellent manager doesn't.
 
It doesn't work like that David. The football club has expenditure way above its income. That gap has to be bridged. There is, however, a "generous budget" available to NC and he is, according to Foxy, who knows a thing or two, happy with it.

The message has actually been perfectly consistent. The investment will kick in with some force when we reach the Championship. I've said this many times, but no one notices (the story of my life) - HRH is contractually obliged to provide a certain level of investment over a certain period. No-one is trying to fool you, con you, or any such thing. What would be the point or purpose of that?

Finally, do you think we should spend money, just to prove we've got it? Our excellent manager doesn't.

True and as proven lately show your hand and every starts to up their price.
 
It doesn't work like that David. The football club has expenditure way above its income. That gap has to be bridged. There is, however, a "generous budget" available to NC and he is, according to Foxy, who knows a thing or two, happy with it.

The message has actually been perfectly consistent. The investment will kick in with some force when we reach the Championship. I've said this many times, but no one notices (the story of my life) - HRH is contractually obliged to provide a certain level of investment over a certain period. No-one is trying to fool you, con you, or any such thing. What would be the point or purpose of that?

Finally, do you think we should spend money, just to prove we've got it? Our excellent manager doesn't.

Absolutely spot on Pinchy. I think as football fans were made to believe that unless you spend all your money, you'll get nowhere.

We don't have to spend big to get out of this league, we need a strong squad and a balanced side. But we need goals. A 20 goal striker is necessary, I think it would pretty much assure automatic promotion, but the midfielders are also going to weigh in with plenty of goals. This season as well we'll have a stronger bench, which at times last season we didn't have.

Go get that striker and the beard Jim!

Oh and we have an Adidas kit, that just makes us awesome :)
 

It doesn't work like that David. The football club has expenditure way above its income. That gap has to be bridged. There is, however, a "generous budget" available to NC and he is, according to Foxy, who knows a thing or two, happy with it.

The message has actually been perfectly consistent. The investment will kick in with some force when we reach the Championship. I've said this many times, but no one notices (the story of my life) - HRH is contractually obliged to provide a certain level of investment over a certain period. No-one is trying to fool you, con you, or any such thing. What would be the point or purpose of that?

Finally, do you think we should spend money, just to prove we've got it? Our excellent manager doesn't.

No I don't believe we should spend money just because we have it, however I do believe we need to spend it to get out of this division. The cup income and the money we got from the player we didn't need to sell was surely a bonus? What would have happened if Fulham had knocked us out, how would that gap have been bridged then? All I can see to the moment is a bunch of squad filler signings, we have needed a striker for a long time certainly since Clough arrived, your not telling me that one hasn't come available since? The problem I see is that strikers cost money and we don't like parting with it, having said that I do hope that the rumours of Higdon are true and it proves me wrong.
 
Absolutely spot on Pinchy. I think as football fans were made to believe that unless you spend all your money, you'll get nowhere.

We don't have to spend big to get out of this league, we need a strong squad and a balanced side. But we need goals. A 20 goal striker is necessary, I think it would pretty much assured automatic promotion, but the midfielders are also going to weigh in with plenty of goals. This season as well we'll have a stronger bench, which at times last season we didn't have.

Go get that striker and the beard Jim!

Oh and we have an Adidas kit, that just makes us awesome :)

I see what people are saying about the spending but we do need to spend some to get out. Like I say we are about 2m in pocket on sales and transfers so what is the issue in spending that or should we save it with our fingers crossed? This season is a perfect opportunity to get out of this league, no wolves or similar we are favourites we can not afford a wasted season like last as investors soon get fed up with the 3rd tier, Clough doesn't believe we should be favourites we are a club in transition he says I really hope that was just paper talk.
 
Are people still questioning the investment?

For arguments sake lets say NC had £5m. He's spread that out on a number of players and their wages.

For example 2.5m from Hull, if that goes back into the transfer fund for the year and he spend £2m on a player, that means he can only pay him ~£9k per week. (2.5m - 2m / 52wks).

So "IF" the kitty was £5m and he has chosen to bring in frees rather than pay cash that equates to £96k per week extra in wages.

Gone are the days when Danny Wilson had to let one in one in.
 
David £800,000 of the cup money as been spent on the new pitch to be laid at the end of this coming season. And I would presume not all of the Harry cash as been paid up front.
 
Oh Jim, as much as like you, you do leave yourself open. Football fans will find a reason to moan even I we did shell out the cash, and some fans will just about defend anything.

We are all united in a common goal that we want out of this division. Some think we have done enough, some don't and people like me just think we have left a little bit of this to chance.

I don't think pre season had been ideal starting games a week later than most and playing 3 of our 5 games on 6 days but let's hope we it the ground running on Saturdaya and the team spirit will return in spades helped by a TV game.

Back to him, I think you need to start keeping some powder dry, however hopefully you won't need to.
 
There are 3 things I would want to feel happier. Firstly a striker in before Saturday but definitely before the end of August. Higdon seems to fit the bill. Secondly, money spent on Brayford if he becomes available.

The third is crucial and that is money to spend in the January window to push on for promotion. No one leaving but supplementing the squad in the right places will mean we have at last turned the corner.
 
I see what people are saying about the spending but we do need to spend some to get out. Like I say we are about 2m in pocket on sales and transfers so what is the issue in spending that or should we save it with our fingers crossed? This season is a perfect opportunity to get out of this league, no wolves or similar we are favourites we can not afford a wasted season like last as investors soon get fed up with the 3rd tier, Clough doesn't believe we should be favourites we are a club in transition he says I really hope that was just paper talk.

I think you're missing the key point which Pinchy also highlighted. Clough gave his request to the board and they met his request. Of course there is always the chance that it was his 3rd or 4th request, but that's an unknown so we can't speculate.

So Clough has brought in a good number of players, Most of which were also in early.

The Harry money is also something which wasn't in the budget ( at least not on plan A).

Next thing is that we need to find that striker within our budget. We have to work within a budget, were an operating business, we can't spend everything now, we must have contingency. What if Scoogs gets injured in October? We need to have money ready to spend. If you buy an expensive car you have to not only afford the car, but servicing and parts too... Were a football club and there are running costs.

The last point - spending doesn't guarantee success. Spend, but spend wisely. The prince didn't invest to lose money. Have faith
 
For accounts to June 13, out total revenue was something like £8.85m , the total payroll was £8.87m. Not sure how the leccy bill was paid.
 
The third is crucial and that is money to spend in the January window to push on for promotion. No one leaving but supplementing the squad in the right places will mean we have at last turned the corner.

This is why I don't think we are willing to shell out big money on players right now, NC knows it's a marathon and you can't predict what will be happening by Christams/New Year. It's vital that we also make sure we have something to help us out mid season too.
 
For accounts to June 13, out total revenue was something like £8.85m , the total payroll was £8.87m. Not sure how the leccy bill was paid.

They got this guy in and he's sorted it

phoenix_nights_uk.ray_von.jpg
 
I see what people are saying about the spending but we do need to spend some to get out. Like I say we are about 2m in pocket on sales and transfers so what is the issue in spending that or should we save it with our fingers crossed? This season is a perfect opportunity to get out of this league, no wolves or similar we are favourites we can not afford a wasted season like last as investors soon get fed up with the 3rd tier, Clough doesn't believe we should be favourites we are a club in transition he says I really hope that was just paper talk.
Who should we have signed David?
For each one you highlight I would ask the following;
Are they better than what we have?
Would they have moved to League One on a permanent contract?
How much in wages would they have wanted to drop to our level?
Would they be a season signing? ie good for League one, but we'd need to replace them again if we got promotion?

I honestly can't think of too many forwards who have moved to our league this season that tick 2 of those boxes, never mind 4.
 
I think you're missing the key point which Pinchy also highlighted. Clough gave his request to the board and they met his request. Of course there is always the chance that it was his 3rd or 4th request, but that's an unknown so we can't speculate.

So Clough has brought in a good number of players, Most of which were also in early.

The Harry money is also something which wasn't in the budget ( at least not on plan A).

Next thing is that we need to find that striker within our budget. We have to work within a budget, were an operating business, we can't spend everything now, we must have contingency. What if Scoogs gets injured in October? We need to have money ready to spend. If you buy an expensive car you have to not only afford the car, but servicing and parts too... Were a football club and there are running costs.

The last point - spending doesn't guarantee success. Spend, but spend wisely. The prince didn't invest to lose money. Have faith



But, has he brought in a number of good players
 

I have to admit that when Jim Phipps joined the club and started with all these tweets I was a little bit sceptical to say the least. Why suddenly was a club that religiously kept us in the blue with everything financial suddenly openly communicating with us? Prior to this every single transfer fee more or less was undisclosed. And then there was Jim's background in the game. You can't doubt his track record after all he is an highly successful business man with a proven track record however I didn't know what his understandings of the english game were like. I have to say Jim has won me over. He has dedicated a hell of a lot of time to the United fans and is going his best to bridge that huge gap that had developed between the club and the fans. It has to be difficult for him with the owners watching over his communications and United fans are a tough cookie to crack. We've seen so much wrong in our club for so long that I guess a good few of us just love to hate and things are never enough for us.

But if this is what Jim says then what option do we have but to trust in him? He hasn't done us any wrong what so ever soooo
 

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