While that is true, the problem is that Ehab is really **** at running a business. Hence the current torrent of terrible decisions and consequent free fall.
No that’s not true. We are being really poorly run in business terms. Business is about more than short term cost cutting, and that is all Ehab is capable of.
Many, even every business has to, at some time, doff cap and tug forelock in the bank managers office. We need £xxxxx pounds to tide us over. The bank manager, namely papa, locked the doors, never mind agreed to see him. Metaphorically. You are a bit hands tied when you cannot access borrowings. As SydneyTiger mentioned, the Southampton and Brentford models seem to work, and Ehab has tried the same here. Again SydneyTiger points out they got lucky with a manager and scouting system that has unearthed the players that have since been sold to fund the day to day running. That luck has gone, along with the players. Though I will credit Ehab with one blinding bit of brilliance. He has outdone his old man. Papa managed to piss off the council, the FA, the fans, (please add those I have missed, you can type a further three paragraphs) but pissing off the players to the extent they get off the team bus, stroll around and get back on the bus an 8-0 thrashing later is certainly something.
The relegation 50% pay cuts will eek out the monies to be received, have been received. Then we are ****ed, both on and off the pitch.