The fans may still have hopes / have had hopes but it’s now clear we are looking at next season. This is clear from PH’s comments, and it ties up with his contract being (I think) 18 months. So I’ve just been asking myself what are our chances? Normally you think in terms of is the owner up for it, is the DOF any good (I can answer that one), is the manager any good (don’t wait to find out, do what they do on FaceBook and write him off now based on close to zero info), ……..oh, and are the players any good, that's probably relevant too

?
I’m a big believer in most areas of life that “follow the money” tends to give good answers, so that’s what I’ve done.
The stuff I’m about to post is based on a site called
www.transfermarkt.co.uk, in particular:
http://www.transfermarkt.co.uk/championship/startseite/wettbewerb/GB2
and
http://www.transfermarkt.co.uk/transfers/einnahmenausgaben/statistik/plus/0?ids=a&sa=1&saison_id=2017&saison_id_bis=2017&land_id=189&nat=&pos=&altersklasse=&w_s=&leihe=&intern=0
The things is, the data I’m using won’t be perfect, does anyone really think a site covering every senior club in Europe is going to get all its facts right, especially in an area like transfers where clubs don’t always tell you what they have bought and sold for? I am taking the view that it’s the best we are going to get, and that looking at it as a big picture, errors will tend to even out. But at an individual player and even individual club level there’s bound to be errors. I still think the big picture answers are worth thinking about though.
Market values:
in the Championship, there are two clubs with a squad worth over £80m, 2 clubs between 70-80, 3 between 50-60, 7 between 40-50m (including Leeds), 3 between 30-40m, 4 between 15-25m, 3 below 15m. I suspect players wages follow an equivalent pattern, but don’t know of course.
There is an obvious correlation between values and performance (but with some notable exceptions). The method medical scientists use when they are deciding (say) if a new drug works, is they do a trial and see if the results are statistically significant. Good news – I’m not going to give you 5 pages of maths now, but I will give you just one insight – the 4 clubs with the highest market valuations (Fulham, Wolves, Villa, Boro) are all in the top 6: the chance that any selection of 4 clubs would, by chance, end up in the top 6 is 1.4%. That medical trial I was on about would write this as p=0.014, where the usual convention is p <0.05 means its significant. In other words it is highly unlikely that happened by chance, or is due primarily to good coaching.
Of course there are some clubs who have done better or worse than the squad valuation:
Massively worse: Hull, Sheffield Wednesday, Sunderland
Worse: Brum
Better: Derby, Bristol, Brentford, Ipswich
Massively Better: Sheffield U, Preston, Fck Off I’m not saying the other one
Leeds are about where the squad valuation would say we should be, by the way, slightly on the low side but about there
Buying and Selling:
As you’d expect, Championship clubs in total sell more than they buy. One interesting stat – Man C have spent more on players than the entire 24 clubs in the Championship.
On gross spends (ignoring sales), the average per club is £11m. Top gross spenders, if this site has got it all right):
Boro £50m (but they also sold a lot)
Leeds £26m (surprise, eh?)
Wolves £22m
Fulham £20m
Hull £18m
Brum £16m
Wednesday £14m
Reading £13m
Norwich £13m
Bristol £12m
The picture on net sales is different, the top net spenders are:
Wolves £16m
Wednesday £14m
Brum £12m
Reading £11m
Leeds £10m (but I think that’s wrong, they seem to have missed Taylor we got £6m compensation? If so it should read £4m)
Cardiff £9m
Bristol £9m
Sheffield United £5m
Boro £3m (they sold a lot as well as buying a lot)
Ipswich Barnsley, QPR – about £1m each
All other clubs were net sellers, some massively so (Sunderland £28m net)
All jolly interesting, but what does this tell us:
1. You can buy success. There is an incredibly close correlation between market value (and probably wages) and getting into the top 6.
2. That’s not to say its simply money – Cardiff and Derby are in the top 6 when money would say they should be just outside. Lower down, teams like Preston, Millwall, etc are doing massively better than they ‘should’ (but crucially they are still not in the top 6).
3. It seems to me therefore the recipe for top 6n is money + good decision making + good managing – in that order
4. Rad has spent on players, it’s not true to say he hasn’t. But our squad is still weak when measured in financial terms. We were coming off a low base and we sold two valuable players. If he can afford to continue to do so / do more, we might do a Wolves next season (can but hope)
5. Impact of parachute payments. Can someone tell me which clubs in the championship are still receiving payments this season?
6. are the coach/managers in charge of the clubs who are over-performing v market value, the ones we should have recruited?