14-09-2021, 09:42 AM
(14-09-2021, 09:29 AM)Salvatore Matrecano Wrote:(14-09-2021, 09:08 AM)wassy04 Wrote:(14-09-2021, 08:02 AM)DR Forest Wrote: I do wonder why EM would want to sell though- unless he’s just got bored or tired of it all. And it would be disappointing if he just quit on the project as he’s been well liked and supported by the fans so hasn’t exactly been hounded out.
Yes it’s cost him money, but if Jacob Marley has shown them the mistakes of recruitment past, and he’s now set up the right team to steer us forward with this plan B, then logic dictates if he actually believed in plan B then much of his financial pain may be behind him.
By quitting he would also surely make himself and Randall look a bit stupid (understatement) with their ‘commitment to the new stadium’ BS.
He's losing a min 13m a year to meet operating losses (usually more when you include non FFP expenses) so call it 20m. Depends how big that money pit is, I'm sure he can see that we're not really getting any closer to going up. The value of a championship club is all baked into getting into the prem, if not it's just years of painful losses.
I agree and you would be naive to think anything other than EM is ultimately in it to get PL money. The frustrating thing as DR says is that he could have had it. They have financial backing and the knowhow to run a Champions League football club yet have made mistakes that a novice owner would make.
Ive not given up on EM yet, still believe his intentions were good even if money driven and he is ultimately a winner. Yes it will be interesting to see what happens with the new stand, if planning still comes through etc, they looked serious enough to push it through by schmoozing a government minister over the summer.
Yeah I believe in him too and his long term intentions, at the end of the day establishing us as a top level club is in our interest as well as his! I more just meant how much longer can he afford to just keep spending 20m+ a year to cover losses. Plus more if we do build the stand, I don't know how much money he actually has and his willingness to keep losing it.
Doesn't affect his ability to run the club properly but there has always been a short term strategy which ultimately didn't work (although got vaguely close under Sabri) I bet he badly regrets that January window right now.
He's certainly not withdrawing funding ala Mad Mel anytime soon.