Financial restrictions has been mentioned in the papers recently. Apparently moyes saying it's hard to get things done with financial restraints. Now is this from ES or that the club can't do it because of wages. We have saved/put a lot of money back into the wage pot with all the players that have left. AJ, fletcher, Kaboul, Gomez, Buckley, Bridcutt, Graham, Coates, Brown, Matthews, Roberge, Harper. Then the loan players wages. M'vila, N'Doye, Yedlin and Tovilian. We have to have to saving over 300k a week in wages. Surely we can out spend clubs like Crystal palace and Bournemouth. I'm not sure how it all works but when teams in the championship are out spending you its not good. It's never a dull moment being a Sunderland fan.
It's hard to imagine you aren't saving quite a lot compared to last year, so much chaff out the door and more money in. As for the championship clubs - there's a few spending large amounts though I'd point out we are selling quite a lot too!
Tompkins 10m Townsend 13m Benteke 32m Yes they got 25m for Bolaise but they have still spent 30m on 3 good players.
If you live in a 3 bed semi, pay all of your bills and you have £300 disposable income per week, then your mate lives in a £2m flat in London, debt upto his eyeballs, can't repay mortgage, credit cards coming out of his arse then who's got the most money? Looking at the size of your club matters not one jot, Palace and Bournemouth don't have 7/8 years of poor trading behind them, weighing them down like a stone around their neck. My example was extreme, but looking at it like you are is too simplistic... it's time to get your house in order, maybe if Sky weren't throwing so much money it'd take you 10 years to recover from this, maybe now it'll just take you 3.
Pretty simple to me. We've been ran into the ground and built up debt, now the TV money has taken effect we're trying to clear those debts as quick as possible including at the expense of investing adequately in the playing squad. Evident from the lack of transfers, holes that remain, and creating further holes by clearing out further numbers. Wage bill will be fine at present, it's the wage bills of previous seasons which have done the damage.
Chris Young: Sunderland’s false economy letting down the mainstay players again please log in to view this image Sunderland striker Jermain Defoe is the fall guy under this challenge from Middlesbrough defender Antonio Barragan 8HAVE YOUR SAY Absolutely shocking, was the conclusion of the Sunderland fan sitting across the aisle on the flight to California. Even thousands of miles away from Wearside, there is no escape from this annual feeling of utter disenchantment at Sunderland’s peerless ability to regress. Every year, Sunderland’s escape from certain Armageddon injects a buoyant feel-good factor that ‘this time everything will be different’, and, every year, that is swiftly replaced by a dark mood consisting of equal parts anger and nausea. Sunderland fans are right to be experiencing those emotions ahead of Saturday’s trip to Southampton, where David Moyes’s men must triumph to avoid a sixth successive August without a win to their names. Tonight’s League Cup encounter may simply be an exercise in avoiding further embarrassment. But there should be a touch of sympathy for those main-stays in the Sunderland dressing room too. These players have AGAIN been let down by their employers, just as the club yet AGAIN appeared to be turning the corner. Once again the back-bone of a solid side holding the promise of mid-table security has crumbled. It’s been the same for years. Back in 2010-11, Sunderland were a decent outside bet for a European place with a striking quartet of Darren Bent, Asamoah Gyan, Danny Welbeck and Fraizer Campbell, hot prospects such as Jordan Henderson and Simon Mignolet, plus seasoned Premier League hands like Bolo Zenden, Lee Cattermole and Phil Bardsley. What happened? All four frontmen, along with Henderson and Zenden, disappeared, and the slow plummet down the pecking order began. It’s been similar even when Sunderland have been a side of lesser lights and the foundations for a brighter era have collapsed. Within months of Gus Poyet completing the ‘Great Escape’ in 2014, Bardsley, Jack Colback, Marcos Alonso, Fabio Borini and Ki Sung-Yueng – all main-stays of the team – were plying their trade elsewhere. That doesn’t just present a difficulty in replacing those players. It dampens the sense of togetherness, achievement and spirit which has developed from prevailing in a relegation battle. Cattermole – who genuinely thought brighter skies were on the horizon this summer – touched on it in an interview towards the end of last season. He spoke of how powerful the team spirit can be from going through such a pressurised ordeal, and how some players – even if they are not top-class – must be kept around the place so the whole club benefits from that momentum. Just look at Leicester. They kept all the side which somehow escaped the drop in 2015 and complemented them with – N’Golo Kante, Shinji Okazaki and Christian Fuchs. Of the Sunderland side which faced Middlesbrough on Sunday, only three were in Sam Allardyce’s first-choice XI three-and-a-half months ago. In part, that is down to circumstances. Moyes has been unfortunate to lose Cattermole, Borini and Jan Kirchhoff to injury, plus the personal situation which forced him to acquiesce to Younes Kaboul’s desire to return to London. But if Sunderland had stuck their hands in their pockets, they could easily have Yann M’Vila and DeAndre Yedlin playing in red and white right now. Yedlin might not be brilliant, but the American international went through something special last May. And although his conduct has been reprehensible, could Kone – one of eight players to approach Allardyce over a new contract at the end of last season – have feasibly been tied down to fresh terms? Probably. Sunderland didn’t need wholesale surgery at the end of last season. They only needed five new signings – two of which could have been M’Vila and Yedlin – to remain on a positive footing. Instead, they still require another four fresh faces with a week of the window remaining after already bringing in four new players so far this summer. It’s clear there is no money at the club. That’s the ramifications of making £20million annual losses, which the new television deal will only just prompt Sunderland to break even. But the scrimping and saving on players who don’t necessarily improve the starting XI is ultimately just false economy. The continuity has gone and Sunderland are back to starting a new team from the embers of a previous one. Sunderland only lost once in the final 12 games of last season because Allardyce had created a solid spine, where everyone knew their jobs and proved to be doggedly difficult to break down. Little could be done to prevent Cristhian Stuani’s marvellous opener last weekend, but would Middlesbrough have been able to so comfortably waltz through Sunderland’s defence for their second if the game had taken place in April? No chance. Put a solid side together, where players are well-versed in each other’s game, and the energy of youngsters such as Lynden Gooch will be able to shine through. Without one, another scratch side faces the ludicrous task of building relationships when the starter’s gun is already a distant sound.
A borefest. But if you like thay kinda thing. https://www.theguardian.com/football/the-set-pieces-blog/2016/aug/24/transfer-window-market-myths
That`s exactly where it is. Top wages for ****e signings where we`re still paying them even when they`re playing somewhere else. Ridiculous situation. All those sacked managers and the CEO. £20m in payoffs down the tubes? Bet it`s not far away. Colossal waste.
I agree with all of this BUT. If both people in the example above were paying the mortgages on those houses, then in years to come once the mortgage is paid off or when there is large equity in the 2nd chaps house, because London property prices rise much faster than elsewhere then he is going to be richer. He took a bigger risk. Shorts investment (the debt the club has) is only a problem if it becomes larger than the total value of the club minus what he originally paid for it. I do agree with Tel it's time to get our house in order. The only way to do that is stability on and off the pitch. Hopefully Bain and Moyes are the right people to take us forward and this summer is a bit of pain before we get on track. Everton were in a similar situation before Moyes took over. Lots of debt and always fighting relegation. It's fair to say he has relevant experience for the job.
Fair points mate but in the even of a relegation the clubs value plummets. He's walking a tight rope by the looks of things, but he's a billionaire, that's probably worth remembering, he almost certainly knows how to manage the finances better than I do! One or two years of soft spending could change a lot. 10 years ago it would probably look a lot bleaker.
Your spot on there mate, relegation I guess could be equated to interest rates tripping for someone paying a big mortgage. As you say he is a billionaire so even if we were relegated it's not going to bankrupt him.
