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Takeover News/Rumours

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sunderpitt said:
Hmm, what about overseas players, I can of a few we losses on...
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During Short's tenure, our net transfer spend was £200m, so there's your debt number. You can only do that if you're making enough to cover that from trading, and the only way to do that is by being consistently in the Champions League. Outside the top 6, you need to break even on transfers at worst. This is what Mike Ashley understands, and the Mags don't.
 
Grumpy Old Man said:
During Short's tenure, our net transfer spend was £200m, so there's your debt number. You can only do that if you're making enough to cover that from trading, and the only way to do that is by being consistently in the Champions League. Outside the top 6, you need to break even on transfers at worst. This is what Mike Ashley understands, and the Mags don't.
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If only they had a simple name for it, maybe something along the lines of "Net Spend".
 
sunderpitt said:
This old abacus user thinks you have hit the nail on the head....for most clubs in the Premiership, their business model, whilst spending more than the income they bring in, depends on selling academy grads for a lot of money (eg for us Henderson, to name, the only, one) or to bring in cheaper overseas players and sell for a profit (us never)!
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I think it was around 2009 when Steve Walton ( Ex Barclays football lending ) who irc was the FD or CEO left the club.. might be wrong but it rings a bell
 
Dan..Dan..Dan..Dan said:
Maja was never going to stay. How do you know he 'probably have stayed until the end of the season' ? If he had stayed and had a poor second half of the season, as players often do when they've secured a big contract, it would have been 'We should have sold him and got Grigg instead'. I also remember the delight when we signed Grigg, the general consensus being that we'd got a proven goalscorer albeit we'd paid too much. Oh for a crystal ball.
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A condition of Majas sale should have been that he was loaned back to us until the end od the season.
 
Grumpy Old Man said:
If there had been a decent bean counter in place from 2009-2017, we may not have ended up where we were. Contrary to popular belief, accountants aren't opposed to spending money, just to spending it in stupid ways - like paying top dollar in fees and wages to players already past their peak, where the outlay could never be recovered.
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I’m absolutely staggered that the current FD seems to avoid every single cull every single time despite overseeing financial oblivion under Ellis Short, then working under these two cretins.
 
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