what do you think
Written by Flash The Mackem
Since wor Niall Quinn placed our beloved club in the ‘safe’ hands of Ellis Short we could have been forgiven for having absolute faith in the passing on of the baton. After all, Quinny has always had our best interests at heart. On the surface I don’t think we had any reason to doubt him.
After all, the only blot on Mr Short’s copybook was an unsubstantiated arrest by South Korean authorities for the alleged illegal purchase of one of their banks, but the charges were dropped.
His career history pointed to the fact that he had made a habit of taking over struggling businesses, turning them around and eventually making a profit. All good so far, although perhaps we should have guessed that he wouldn’t spend much with him as owner based on his CV.
Having said that, Mr Short told us: “I have never taken money out of the club. In fact, I have funded significant shortfalls each and every season”.
Then went on to say: “Since I have been involved, the good news is that my investment has kept us in the Premier League for nine consecutive seasons. The bad news is, for the amount of money spent, we should be better than we are and no one knows that more than me”.
So let’s have a look at the investments in the playing staff:
2008-09: Nett Spend: £19.76m
2009-10: Nett Spend: £22.34m
2010-11: Nett Spend: -£11.41m
2011-12: Nett Spend: £1.73m
2012-13: Nett Spend: £21.13m
2013-14: Nett Spend: £10.38m
2014-15: Nett Spend: £13.83m
2015-16: Nett Spend: £49.93m
2016-17: Nett Spend: £17.22m
Total Outlay over 9 seasons: £144.91m
Average seasonal nett spend per transfer window: 8.05m
TV & Prize money
2016-17: £99m
2015-16: £71.84m
2014-15: I stopped researching at this point because I think the point has been made.
To summarise, and of course this is only my opinion, I’ll add the following:
I am not grateful to Ellis Short for his purported investment in the club. In fact, I’m absolutely furious with him. One of the most overused statements in business is that you “need to speculate to accumulate”, and I think the above figures prove that he has speculated nothing at all.
In the current climate it is inconceivable that a club with ambitions of succeeding in the Premier League can spend less than £25m in 8 out of 9 seasons and in one of those seasons actually register a profit in the market. If we were Spurs, selling players like Bale, perhaps a case could be made. But for Short there is no case for and plenty of cases against.
If indeed he HAS been subsidising us, then that can only be down to gross mismanagement on his part. The money has been there, the support has been there and to an extent the managers have been there.
I don’t know what his ultimate goal is – I presume it is to sell us to a bidder who will repay the high-interest loans he’s authorised to us from his own company – but what I do know is that clubs like Wolves (for crying out loud!) are being bought by investors who will be putting their money where their mouths are. We must be one of the most attractive propositions outside of London given our potential, yet folk aren’t even taking a sniff. Well, to me, that stinks.
Right now Mr Tightwad, I think you’re a Tosser.
Written by Flash The Mackem
Since wor Niall Quinn placed our beloved club in the ‘safe’ hands of Ellis Short we could have been forgiven for having absolute faith in the passing on of the baton. After all, Quinny has always had our best interests at heart. On the surface I don’t think we had any reason to doubt him.
After all, the only blot on Mr Short’s copybook was an unsubstantiated arrest by South Korean authorities for the alleged illegal purchase of one of their banks, but the charges were dropped.
His career history pointed to the fact that he had made a habit of taking over struggling businesses, turning them around and eventually making a profit. All good so far, although perhaps we should have guessed that he wouldn’t spend much with him as owner based on his CV.
Having said that, Mr Short told us: “I have never taken money out of the club. In fact, I have funded significant shortfalls each and every season”.
Then went on to say: “Since I have been involved, the good news is that my investment has kept us in the Premier League for nine consecutive seasons. The bad news is, for the amount of money spent, we should be better than we are and no one knows that more than me”.
So let’s have a look at the investments in the playing staff:
2008-09: Nett Spend: £19.76m
2009-10: Nett Spend: £22.34m
2010-11: Nett Spend: -£11.41m
2011-12: Nett Spend: £1.73m
2012-13: Nett Spend: £21.13m
2013-14: Nett Spend: £10.38m
2014-15: Nett Spend: £13.83m
2015-16: Nett Spend: £49.93m
2016-17: Nett Spend: £17.22m
Total Outlay over 9 seasons: £144.91m
Average seasonal nett spend per transfer window: 8.05m
TV & Prize money
2016-17: £99m
2015-16: £71.84m
2014-15: I stopped researching at this point because I think the point has been made.
To summarise, and of course this is only my opinion, I’ll add the following:
I am not grateful to Ellis Short for his purported investment in the club. In fact, I’m absolutely furious with him. One of the most overused statements in business is that you “need to speculate to accumulate”, and I think the above figures prove that he has speculated nothing at all.
In the current climate it is inconceivable that a club with ambitions of succeeding in the Premier League can spend less than £25m in 8 out of 9 seasons and in one of those seasons actually register a profit in the market. If we were Spurs, selling players like Bale, perhaps a case could be made. But for Short there is no case for and plenty of cases against.
If indeed he HAS been subsidising us, then that can only be down to gross mismanagement on his part. The money has been there, the support has been there and to an extent the managers have been there.
I don’t know what his ultimate goal is – I presume it is to sell us to a bidder who will repay the high-interest loans he’s authorised to us from his own company – but what I do know is that clubs like Wolves (for crying out loud!) are being bought by investors who will be putting their money where their mouths are. We must be one of the most attractive propositions outside of London given our potential, yet folk aren’t even taking a sniff. Well, to me, that stinks.
Right now Mr Tightwad, I think you’re a Tosser.
