A lot of truth in that, but I don't see how anyone can say the club has been managed well as a business, when the Allam's have repeatedly done so much to alienate their customers and community! If only they weren't such *@*ts in the way they treat fans. That aside, yep.
I get were you are coming from, the club from an overall business perspective is in general terms being better managed, that said it's not in a sounder financial position from the point that The Allams took over, in fact the debt specifically is c£13m worse than when they acquired the club, plus they've managed to p*ss off the majority of stakeholders during their tenure. Credit for creating and developing The Academy, but after the financial feast of The Prem days, I would have expected some degree of investment in building our own facilities and asset base. Could do better, 6 out of 10!
Sunderland did warn us when SB joined that his style was to start well, get the confidence of the board to let him spend loads of money, then go downhill from there.
How can you pick three? They were all really good, with the possible exception of Adelukan, who just hasn't been there for the last couple of games, even though he is very talented. Honeyman Emmanuel Greaves I keep wanted to put Smallwood in. He is doing great unsung work and people are only just beginning to see it. I didn't until I tried to work out what the real difference was between this season and last. It's him.
We are in a much sounder financial position now then when the allams took over, we aren't on the brink of admin or worse ( which we where when they took over ) we are not losing money hand over fist, we having ( as far as we know ) mortgaged future income and most importantly imo we do not owe money to banks or other financial institutions that would cause us serious problems if we couldn't pay them. Yes have debt but it's hardly risky debt or debt that will cause us issues moving forward, more importantly it's owed to the owners and if/when we are sold we will almost certainly be debt free.... We are in a much better financial position now then when the allams took over
Go downhill!!!! We’d just been promoted back to the Pl and look at the players and their potential we had on tap! And we woulda got extended contracts for them if Brucie had stayed. So it would have been us getting 70-80 million for maguire and how much would we have got for Robbo after another season or two with us in the PL Worst decision ever pissing sir Steve off that he resigned
How will it? It may say we have more debt, but that doesn't mean we are in a worse financial position
We're in more debt and with a far lower income, so in simple financial terms, we're in a worse position. The only difference is that worse financial position can't currently damage us, as it can't realistically be called in.
In very simple terms yes, but in actual terms as a business We are in a better financial position then as we are in absolutely no danger of going down the route of what was happening when the Allams took over. I'd certainly take our position now Vs the one then. What about you?
But he did start well, he did spend a load of money, and it did end badly. For whatever reason. And all the would have this and would have that is irrelevant because it didn't happen.
I think the club had a lot more debt then was made out when they took over. Certainly more then £13m. The way Bruce was spending the club would have gone bust, seriously, and I heard that from the horses mouth. I also believe money would have been spent on the stadium and training facilities IF they owned the ground but that was denied for one reason or another. AA said you wouldn't build an extension on a council house, or something like that at the time, and they meant it. People also forget that when Bartlett bought the club he used money from a loan on the KC, which he didn't own, to get the cash together. That had to be paid back, which in hindsight, i can see where the tale that AA 'wanted the stadium for nothing' comes from. He was already paying the mortgage on it ! As a supporter I'd have loved them to own the ground and to have increased the capacity. Also to build the training facilities/academy alongside it, but it was never going to happen whilst HCC remained the landlords. I think it's a huge missed opportunity that not a brick has been laid and no value has been added for our time in the Premier League. Relationships with the fans have been shocking and the suggested name change was a disaster and appalling bad advice .which they took notice of. Again the abolishing of the concessions, so two bad decisions there alone. But, all is not lost, the club are on a sound financial footing despite all of the above, and the lack of income from March this year, and that in itself is worth a bit of praise surely ?
? I may have misunderstood this but Bruce left after getting us promoted for the second time .. and after daft lad Ehaw got jealous of his popularity !
You're right, and apols to Chazz, I got an extra season in there somehow. However the original Sunderland prediction, start well, spend loads, end badly was accurate for SB personally.
May have done that at Sunderland but look what his signings have gone for since he himself departed.. I would hazard a guess he made the club a small fortune.
