Dour
Well-Known Member
Fair enough. But there is a difference between easing your way out and potentially leaving the club well and truly stuffed. And if Gaydamak hadn't come along to bail MM out, Pompey would have been.I appreciate your perspective, but can not share it. I am not arguing about him pulling money from the club - but if it is your intention to leave then I believe it is perfectly logical to start clearing the decks.
I love that you feel we can have a "nice" level of debt...the difference is between budgeted debt (which is not nice) and over budget debt (which is the mark of a very poorly run business).
Debt isn't in itself wrong - it just ups the level of risk. Our debt is largish - with the Teachers' deal - but taken against assets, it isn't a particularly scary level of risk. Portsmouth's was. Ours probably will be if MM takes charge.
Going over budget... it happens. Especially in a football club.
With everything staying as it is, administration is inevitable unless:
1. Kelly finally learns how to train, select and motivate a team
or
2. We develop one or two players of quality to sell on
I do not contend that administration will happen directly as a result of an MM bid falling through - but it is at the end of the road we are currently going along. How can it not be? How would the books otherwise be balanced? (Oh, I do not accept anyone else was/is interested in buying the club)
Even if there were other people interested, you wouldn't accept it?
Odd. But even if not, the groundshare would be an obvious fix. But even without that, the Teachers' loan knocks of the benefits off around 3,000 on our attendance. Do clubs with 3-4,000 less attendance manage to balance the books?
We have a problem with a few players on higher wages now, sure. End of next season, they're gone.