If you were losing 20 million pounds this year *after* all the sales, what would you do? I think it is legitimate to ask questions about why tighter controls on the money were not kept early on, but my guess is that it was a real attempt to break into the CL. That did not work and so he began to rein it in during the last year of MON's reign because he did not trust him and was not getting a return on money spent. He is simply trying to reduce the wages to realistic levels. Not sure he should be blamed for it as 20 million is a great deal of money to anyone!
We received about £35,000,000 for 2 alone and have spent about £13,000,000. allegedly we have repaid Randy some £15,000,000 in respect of a loan leaving us with at least £7,000,000 left BUT the manager has no money to spend. Bent and Makoun were purchased with the Milner cash in a moment of panic when things did look bad and relegation was a strong possibility.
Maybe he thought the bespectacled genius would understand the situation we were in and pull his head in for the greater good?
QuoteWe received about £35,000,000 for 2 alone and have spent about £13,000,000. allegedly we have repaid Randy some £15,000,000 in respect of a loan leaving us with at least £7,000,000 left BUT the manager has no money to spend. Bent and Makoun were purchased with the Milner cash in a moment of panic when things did look bad and relegation was a strong possibility.So in an age when most mega rich owners are converting their debt in equity (in effect cancelling the money a club owes them), Randy hasn't converted ANY of his debt to equity, and is making AVFC pay him back. Is this right, and if so I guess Randy is either not as rich as we thought, or is losing interest.
Quote from: Trinitymiddle on August 14, 2011, 11:01:03 PMQuoteWe received about £35,000,000 for 2 alone and have spent about £13,000,000. allegedly we have repaid Randy some £15,000,000 in respect of a loan leaving us with at least £7,000,000 left BUT the manager has no money to spend. Bent and Makoun were purchased with the Milner cash in a moment of panic when things did look bad and relegation was a strong possibility.So in an age when most mega rich owners are converting their debt in equity (in effect cancelling the money a club owes them), Randy hasn't converted ANY of his debt to equity, and is making AVFC pay him back. Is this right, and if so I guess Randy is either not as rich as we thought, or is losing interest. Quote from: Daily Telegraph 5th March 2010The new investment takes Lerner's total investment to £179 million since he bought the club in 2006, with £95 million in equity and a further £84 million in loans. The investment comes on top of the £62 million he paid for the club. Lerner put £70 million into the club during the 2008-09 season, with a further £12.5 million at the start of this campaign. According to the accounts Lerner's loans to the club are unsecured and interest free, and repayable between 2016 and 2019.
When you consider Nigel Reo Coker cost us at least £15 million for no return, you start to realise.
Quote from: dave.woodhall on August 14, 2011, 11:13:04 PMWhen you consider Nigel Reo Coker cost us at least £15 million for no return, you start to realise. True, but it's not as if the club had no income.
Quote from: pauliezognuts on August 14, 2011, 11:13:54 PMQuote from: dave.woodhall on August 14, 2011, 11:13:04 PMWhen you consider Nigel Reo Coker cost us at least £15 million for no return, you start to realise. True, but it's not as if the club had no income.Yes, but an entire team like that. It's unreal. Then there's the Holte, Bodymoor Heath, the bits & pieces around the ground that we never notice but all add up.
Quote from: dave.woodhall on August 14, 2011, 11:16:16 PMQuote from: pauliezognuts on August 14, 2011, 11:13:54 PMQuote from: dave.woodhall on August 14, 2011, 11:13:04 PMWhen you consider Nigel Reo Coker cost us at least £15 million for no return, you start to realise. True, but it's not as if the club had no income.Yes, but an entire team like that. It's unreal. Then there's the Holte, Bodymoor Heath, the bits & pieces around the ground that we never notice but all add up. Even so, I am struggling to see where that much money would have gone.