Illuminating reading. The final para is noteworthy
You must log in or register to see images
It can also be argued that the club would probably not be in the top 30 or so of the English leagues without Tan's investment. If we were lucky, without him, we would be a Div 1/2 club at best, non-league or even out of business at worst.
What hasn't been detailed is the money wasted on players who were ultimately sold for peanuts or just released. No need to list these as we all know who they were. They probably account for £50m or more in fees plus wages and contract settlement amounts, that figure doesnt include Sala. Just think where we might have been had those signings done the job they were paid to do.
While Tan is at the top of the pile and probably signs off on high figure signings the blame must go to Dalman, Choo and whoever sat on the transfer committee. Naivety, lack of knowledge, poor research, too easily persuaded by silky, tongued agents, panicked into making last minute decisions and more.
Never mind decisions on managers the above must have made major impacts on the club's financial performance and the ability to progress.
Tan is between a rock and a hard place. Does he stick with what he has and hope they have learned - they haven't so far - or does he twist and have a board clear out. Better the devil you know? The £25m or so owed to Dalman's company will have an influence on this..
The article quotes £98m of debt but does not account for the amount Tan has in shares - £100m maybe and increasing every year.
Many on here wish for Tan to sell up but how realistic is that? Unless he is prepared to take a loss - something that wouldn't sit easily with him - loss of face and all that - then a magic, rich prince is needed to stump up £200m and probably pay off Dalman. As well as provide ongoing running costs for the club.
Not an attractive proposition for anyone with an once of common sense. Unless they want to asset strip the club, sell the ground to developers and ground share with for instance Newport County.
To sum up, the club needs to be successful again to be attractive to any would be investors, ideally as a Prem club. To achieve that we would have to be incredibly lucky with signings or Tan will have to stump up megabucks for good players. Will he fancy that? And then there are FFP or whatever is in place now rules to consider.
I wish I had the answers but unless Bulut has a master plan with a further improvement to playoffs or better next season I can see us doing no more than bumbling along as an average Championship club for the foreseeable future.