Transfer Rumours Summer transfer 2017

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1950canary said:
Are you being serious. 10 years ago we had so much debt that we were in danger of going out of business. The next 5 years was spent clearing that debt and the next 4 years we spent large sums either trying to get promotion or trying to avoid relegation. If you care to look at the accounts you will see that we only made a small profit in one of those 4 seasons. Last year we are budgeting for a loss of £15m and next year we lose the parachute payment of £40m. Quite simply we have to spend £55m less next season than we did last and we won't achieve that by putting 10p on the price of a pie!! We have a new wage structure and obviously we will sell any existing player on a higher contract than that if a suitable offer is made and replace them with a player within the new wage structure which means cheapies and loans. The money raised by selling players will go into the kitty and, as you say, the days of big fees and wages are well and truly over. To do anything else risks financial ruin. Perhaps the Board can be accused of giving too much money to Hughton and Neil but that is hindsight and I can only imagine the uproar there would have been at the time if the Managers had asked for the funds and the Board had refused.
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They announced to the fans that they cleared the dept a few promotions ago...
 
1950canary said:
Are you being serious. 10 years ago we had so much debt that we were in danger of going out of business. The next 5 years was spent clearing that debt and the next 4 years we spent large sums either trying to get promotion or trying to avoid relegation. If you care to look at the accounts you will see that we only made a small profit in one of those 4 seasons. Last year we are budgeting for a loss of £15m and next year we lose the parachute payment of £40m. Quite simply we have to spend £55m less next season than we did last and we won't achieve that by putting 10p on the price of a pie!! We have a new wage structure and obviously we will sell any existing player on a higher contract than that if a suitable offer is made and replace them with a player within the new wage structure which means cheapies and loans. The money raised by selling players will go into the kitty and, as you say, the days of big fees and wages are well and truly over. To do anything else risks financial ruin. Perhaps the Board can be accused of giving too much money to Hughton and Neil but that is hindsight and I can only imagine the uproar there would have been at the time if the Managers had asked for the funds and the Board had refused.
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I don't think anyone has been given too much money. That's what p*sses me off.
 
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Forgot_My_Lines said:
They announced to the fans that they cleared the dept a few promotions ago...
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To perhaps draw a distinction that might not be true:

Under McNally/Lambert we managed to clear the £25m or so long term debt that had become a millstone around the club's neck.

Once solvent, the club spent every penny available on the playing budget, and I think pushed the limits as far as they dared. So I suspect when we were relegated every bit of the parachute payments were committed to paying wages, etc. This left only player sales as a way to finance new signings.

Therefore this summer, we had no working capital with which to make deals. There wasn't a lump sum in the transfer kitty. To pay for Webber, Farke and his team (probably not cheap), and then Husband, Franke, Vrancic, etc, we temporarily went into debt - but as described above, closer to an overdraft than long term structured debt.

It's been rumoured that the Murphy deal has been paid in bulk up front, which is quite rare in transfers. So the circa. £10m we picked up there has paid off the overdraft. The Dorrans fee seems small enough to not be relevant, and the Howson fee may not be structured as helpfully.

So moving forward, I suspect we have some money available, but not vast amounts. We probably have the money to buy a CM and another defender at a similar price to what we've spent on other players this summer. If someone kindly agrees to take Naismith off us (for example), I'd expect any future fees received this summer to be much more readily at Farke and Webber's disposal.
 
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DUNCAN DONUTS said:
We are interested in taking Snoddy back on loan.
He would be on high wages and frustrating to watch and a step backwards in my opinion taking up a starting place .
I hope it's bullshit.
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Never go back. Ain't that right Mr Fleck, Mr M Walker ...and R Snodgrass.
I see Leeds are named as an interested party. Don't they ever learn to just move on and not try to replicate the (in)famous past?
They wanted Howson, they want Snodders - anyone got Becchio's phone number?:emoticon-0112-wonde
 
DUNCAN DONUTS said:
We are interested in taking Snoddy back on loan.
He would be on high wages and frustrating to watch and a step backwards in my opinion taking up a starting place .
I hope it's bullshit.

http://readnorwich.com/2017/07/20/norwich-interested-in-re-signing-snodgrass/
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It doesn't feel like a move we would make, if we only paid a proportion of his wages and we are to lose another wide attacker (Josh?) then we would need someone and he is a good player.
He was 2nd in our player of the season during Hughtons first season and whilst he frustrates, he was one of our few players who could cut it at PL level. At champioship level he is very good so I wouldn't object if Farke and Webber think he would be important in gaining promotion. As a loan it would be a low risk move. As long as he doesn't fall out with Nelson and not pass to him!

Bah!
 
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