Ollie Holt from the Mirror is tweeting that Colin will have less than £10m to spend in the transfer market @ollieholtmirror Doesn't sound very promising...
Lot of speculation that not providing sufficient finance is part of a plan to get rid of Colin. More worryingly, therebis talk of the Mittals selling interest in Hoops and looking to Fulham... Thanks for the welcome btw... bit of a lurker me!
What a load of miseries we have here. Let's get a few facts strainght before we start arguing about spending. The club is not rich. In fact it has been bailed out to the tune of £1M a month for at least all of the last 12 months, if not longer. You do not need to spend silly money to stay up. Look at Fulham, they made a profit in transfer dealings and finisehed in the top half. Birmingham had a net spend in excess of £22M and went down! As for Mittal. When he makes a proper offer and puts his money where Bhatia's mouth is, I will be delighted. Until; then, after looking carefully into this man's dealings ov the last 12 years or so, I won't be holding my breath. If you think Flav is dodgy, yyou need to do a bit of reserach. We will stay up next year, money will be made available, but we are not gonna waste it on buying no marks like CMS for £4M, or Danny Grham for £3.5M. Leave uit to Neil, he knows exactly what he is doing, and dealing with, and then look forward to next season with hope! The amount of misery on QPR boards since we deseervedly won the Championship would have some people thinking that we are Rushden & Diamonds!
@QPR4me I'm not arguing about spending. I think the point - if I had one since I was reporting conjecture - is that there is a great deal of uncertainty, no more than that. Speculation will always flourish where the facts are absent. A board is there for discussion about the rumours that are circulating, so it seems fair to discuss that.
I think David MacInyre is closer to the club than any journo and he seems confident that Warnock has more than enough money to be getting on with. But at the end of the day not a single one of them has actually got a clue as to what is going on, neither do we. So it's just going to be another summer of rumours and 'Sauces', with a rather large smattering of BS.
In addition, I'd be interested to know (if anyone can supply the facts) about the relationship between spending and success (I.e. staying up!) in the first season after promotion?
I asked Paul Smith from the Sunday Mirror - the guy who accurately predicted pretty much everything about the FA hearing - and he said Ollie Holt is 110% right to say we have less than £10 million. Hopefully that will change if a Mittal buy-out transpires, but could see us struggling with that transfer kitty. Many people have said Bernie and Flav are businessman and treat the club as such, but surely staying in the Prem should be top priority, on both a footballing and financial level?
Seems obvious to me that the owners need to spend on players in order to remain in the top flight!! OR are they simply taking the money from this season's promotion and the revenue from the increase in season tickets and then, once relegated, are going to take the parachute payment and run?!!
good question, got me curious so i looked about (i do know stats are just stats and can't predict the future..). the post mostly concentrates on the manyoos and chelskis spend numbers, but there was this bit: "The average spend of relegated teams in the year in which they were demoted is 3.3%, which indicates that they under-spent by 1.7% compared with the average. Furthermore, the average in the season before relegation of teams in the Premier League (i.e. not those promoted and then immediately relegated) is 3.2%. Hence if you spend less than 3% in consecutive seasons, you are probably going to be in trouble. Promoted teams who successfully maintain their status spend an average of 4.6% in their first season. This shows that these clubs can’t easily stay up on the cheap; they need to invest approximately the average of the division and certainly well beyond the 3.3% outlined above." http://tomkinstimes.com/2010/02/tpi©-percentage-of-premier-league-spend-gross/
by the way, those percentages are based on the total transfer spend of all teams in the premier league..
@R Abroad A quote from that article... ...money allied to a lack of vision and stability is worthless. But the figures also show that once investment in a team drops, and there is no long-term plan, disaster looms. Now while I'm sure that Colin has a plan, I would question both the factors of stability and investment. It's not unreasonable to look at some of the current squad and wonder if some of them can really cut it in the PL. Happy to be proved wrong, but a poor start would put enormous pressure on the players and management, and we all know that patience is in short supply where BE and FB are concerned. Colin is a great motivator, and the man-management skills he demonstrated in handling after Tarbs was very impressive. The suggested available funds are not sufficient to compete when you take into account we might need 6 players to form a squad of sufficient size to deal with season long injury and fatigue. Instead, I think that we will probably be looking at 1 or possibly 2 purchases augmented by quality loans that will not wreck the finances if we go down. Now where's that rocking horse?
I'm one for a start. I am just happy to see us back in the PL and no longer controlled by the likes of Thompson (asset stripper), Wright (idiot) Holland, Davies and Power, all of whom had no idea how to deal with the club, witness the ABC loan etc and the £20 sit anywhere nonsense which led to fans collecting money in buckets to keep the club afloat (See the mess that Power left behind at Swindon). I am not the best fan of Bernie and Co, but seeing as they've been putting their money where their mouths are (to the tune of £1M a month), I'll put up with them, until we get someone better and more honest. On that last point, do some research before you quote the obvious name!!
Olli Holt knows **** all, when we start believing the tabloids then its time to worry. in Neil we trust
