SAFC spent £630m to Be Relegated Into The 3rd Division

I'm a consultant and risk advisor for a variety of firms, and I managed to get a hold of the annual Deloitte report into football finances and the accompanying Databook that contains all of the English football financial stats from the preceding 5 years, which was produced about a month ago. The Databook normally costs £1000 but I got a copy for nothing due to what I do.

The year book is brought out annually by the Deloitte football unit in Manchester. Deloitte are the biggest accountancy/risk advisory firm in the world.

This year's version shows that in the 5 years leading up to our relegation into the third tier of English football:

- we incurred a debt of just under £126m, and
- turned over ie spent just under £504m

That's £630m to fall from the PL into the third division in consecutive seasons, ending up where we are now.

Has there ever been a more mismanaged club than SAFC?

Horrendous. A failed football club, led by failed administrators, employing failed managers to buy failed players. Total ****show.

 

The one to commence this financial 5hitshow was the Gaelic glare merchant...Roy run away Keane. He left a massive 60m debt behind when he walked, due to his inability to recognise duds from decent players. Only BSA and Bruce can walk away with any respect ...the rest were awful.

 

That is really depressing...can you imagine if we had a someone like a Big Sam at the hem with that kind of money for 5 years...We wouldn't be pissing around in the 3 rd division now for sure

 

Welp, now I’m really depressed...

 

There’s an awful lot of ifs on this thread, life goes on and it’s no use looking back or pretending.

 

To be fair I doubt we're the only club to have spent a fortune over the years and have nothing to show for it.

 

Any other club who spent that would be at least playing European football, but typical cluster **** Sunderland do the opposite.

 

And we got £110m a season thrown at us from SKY etc should have got nissan in as owners gave them half that money, and just think of the sponsership deal we cpould have had AND bossted the car plant massively.

 

Was that the same Keane that took safc from BOTTOM OF THE CHAMPIONSHIP after being relegated with 15 points, to Champions within 9 months?

 

Some achievement that mind. Blow north of half a billion quid and end up in the 3rd division. Only at SAFC