So you don't know then and you are in fact assuming that will be the way. what we are facing is and should be nothing like you wnet through, you spent 1 season in the PL and probably took a chance on spending to survive and didn't, we have spent 7 seasons there and whilst I agree finances will be tight to suggest we cant compete financially with sides mid table in the Championship is absolutely ridiculous, we will have no big earners left once w have given everyone away, so after 7 years we are in a worse position than the likes of Ipswich and Birmingham. Cant see it somehow. I am not talking about spending massively, but re building with good quality Championship players and not a group of under19's.
On a side note please don't call me my friend it comes across as very patronising.
Sorry!!! I did not intend to be patronising at all. It was a friendly opening, is all.
On the finances, we had a miserable investment programme which got us f all for a lot of money. We then spent two, maybe three, years shedding dead wood and trying to survive and trim the spend to avoid (unsuccessfully) FFP penalties. After nearly going down, we survived.....but we relied heavily on our owner's continued and increased support. As CCFC has said, the problem is a 40 million hole in income and costs possibly the same...unless there are solid and strong relegation clauses. and even then (and this is a 'don't know' issue) the reduction is unlikely to be totalling the 40 mill. If we turn to your good selves, published information tells us that the Swans model relies on operational losses being mitigated by transfer profits. So! The loss of 40 mill income stresses the operational side and , while you have profits from Williams and Siggurdson, they will be needed and year on year you will need continued sales.
Bony is, from what I hear on here, without a relegation clause, the big earner and injured so he will sit some time on your books. That doesn't help your cash issues.
I and CCFC didn't say you would be broke or worse off than any other sides....although those you mentioned have been living off the lower incomes for many years. Aston Villa, Sunderland last year blew the pot trying to get quickly back. Wolves and Fulham successfully went all in to get up. You don't have a mad owner who will continue and increase support and precious few fixed assets against which to borrow or generate cash. I think it was Phil who said parachute payments are in arrears. That is, the reduced payment will come at the end of the season and someone has to cut your coat to fit your cloth.
I was not referring to the finances, by the when I talked about you going through what we went though. It was more the physical situation. Your finance situation is significantly worse than we had..... in terms of cash availability and ability to survive the loss of income. If you recall, the sale of Siggurdson was needed before you could go out and buy..... at the very end of the transfer window.
Anyway, once again, sorry for appearing patronising. I find the whole football funding process fascinating, especially when the ups and downs happen, tied in with the ownership issues. It's rather a shame that the published accounts always come out so long after the event. by the time I see the statements, I've forgotten the specifics of who made a profit and how.
answers on the back of a *** packet next to a picture of cancer.
