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Ranieri

  • Thread starter Thread starter Cowvahlo
  • Start date Start date
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Cowvahlo said:
So what's your plan then, aim to just muddle about in the championship putting a few quid aside every week until the debt is paid off?


Why?
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I'd sooner do that than come back up with debt still not properly under control. The next 2-3 years may not be pretty, but we now have a real opportunity to come back up with proper foundations, which was not the case 10 years ago.
 
Grumpy Old Man said:
I'd sooner do that than come back up with debt still not properly under control. The next 2-3 years may not be pretty, but we now have a real opportunity to come back up with proper foundations, which was not the case 10 years ago.
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I know what you're saying mate but I genuinely think that way of thinking would doom us for good. The only plan in place now should be promotion at first attempt. There's more chance of controlling finances when you've got more money coming in.
 
Cowvahlo said:
I know what you're saying mate but I genuinely think that way of thinking would doom us for good. The only plan in place now should be promotion at first attempt. There's more chance of controlling finances when you've got more money coming in.
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We currently have an unsustainable cost base (wages at 77% of turnover when the conventional wisdom is it should be less than 60%). The only way to survive outside the top 6 of the PL is to ensure that you do that, and that you at least break even on transfers. Throwing money at getting promotion will not solve that problem (as the Mags will discover next year); what is needed is lower, but better spending - our new head of football operations is about to be put to the test.
 
Grumpy Old Man said:
We currently have an unsustainable cost base (wages at 77% of turnover when the conventional wisdom is it should be less than 60%). The only way to survive outside the top 6 of the PL is to ensure that you do that, and that you at least break even on transfers. Throwing money at getting promotion will not solve that problem (as the Mags will discover next year); what is needed is lower, but better spending - our new head of football operations is about to be put to the test.
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I have a sneaking suspicion that Short knows exactly what is happening financially and that the club isn't going to disappear. The only way out of this financial situation is promotion. I agree about the head of football, unfortunately I don't have much faith in anything good coming of it
 
Grumpy Old Man said:
We currently have an unsustainable cost base (wages at 77% of turnover when the conventional wisdom is it should be less than 60%). The only way to survive outside the top 6 of the PL is to ensure that you do that, and that you at least break even on transfers. Throwing money at getting promotion will not solve that problem (as the Mags will discover next year); what is needed is lower, but better spending - our new head of football operations is about to be put to the test.
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77% was prior to a £25m uplift in turnover and around £15m being shaved off the wage bill in the summer. It probably stood at an all time low during our current PL run.
 
Lord Alfred said:
77% was prior to a £25m uplift in turnover and around £15m being shaved off the wage bill in the summer. It probably stood at an all time low during our current PL run.
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We'll see this time next year. In any event, that reduction has to be maintained in the lower division. I feel like I'm under that old Chinese curse - "May you live in interesting times"
 
Grumpy Old Man said:
We'll see this time next year. In any event, that reduction has to be maintained in the lower division. I feel like I'm under that old Chinese curse - "May you live in interesting times"
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It will be slashed...Defoe £4m...the likes of Borini, Lens, Khazri, Pienaar etc plus the 40% cut on those that stay....should be down to £30m or less.....but that's still 50 or even 100% more than the entire budget of a lot of Championship clubs.
 
Lord Alfred said:
It will be slashed...Defoe £4m...the likes of Borini, Lens, Khazri, Pienaar etc plus the 40% cut on those that stay....should be down to £30m or less.....but that's still 50 or even 100% more than the entire budget of a lot of Championship clubs.
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In absolute terms, that's the kind of number. I've had too much t drink to do the fag packet maths for what kind of percentage that might be. The trick is, if we can get it under control, to keep it there.
 
Grumpy Old Man said:
In absolute terms, that's the kind of number. I've had too much t drink to do the fag packet maths for what kind of percentage that might be. The trick is, if we can get it under control, to keep it there.
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IF, and it's a big if you can get promoted with the nucleus of a team able to compete in the PL with a wage bill less than £30m you are exempt from FFP rules and handed a fair old advantage in being able to make signings.....you do need that nucleus though.
 
Lord Alfred said:
IF, and it's a big if you can get promoted with the nucleus of a team able to compete in the PL with a wage bill less than £30m you are exempt from FFP rules and handed a fair old advantage in being able to make signings.....you do need that nucleus though.
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Which is why clubs like Bournemouth appeared to fly past us - they actually had a head start over perennial strugglers because they had that headroom. The trick is keeping it under control in that situation; with 20/20 hindsight that was Quinn and Keane's biggest mistake - they got up and then tried to run before they could walk.
 
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