There is an alternate view: after the largesse of the MON years, Randy did indeed plan on paring back the spending on playing staff. He perhaps thought that a combination of the young players coming through, and a manager supposedly with a finger on the pulse of the European scene yielding some relatively cheap buys, would suffice. He then surveys the scene in January. Piss-poor performances on the pitch and a club free-falling towards relegation. He looks at the spreadsheets and sees what life in the Championship would do the value of his investment and the projected fall in income. He then does the mother of all U-turns and tells Houllier to get spending. This is a pragmatic decision about protecting his investment, rather than a declaration of an undying love for the Villa.
Anyone that says that they didn't have a single doubt is either very naive or very stupid. We were inactive in two transfer windows last year, we sold our best player and lost a successful manager. Most of the criticism of the owners was over the top and misplaced but there was every reason to start to wonder if the global financial situation and the new money in the PL had caused Randy to reconsider how he wanted to go forward. The Bent deal is a great signal of intent but I bet even those claiming that they didn't give a second thought to his position were surprised that we were in the market at that sort of level.
Amidst all the euphoria, I am staggered at the amount of money Lerner is committing this month. I thought he would back Houllier but these sums are unbelievable. Where is this money coming from?
Quote from: nick harper on January 17, 2011, 10:29:58 PMAmidst all the euphoria, I am staggered at the amount of money Lerner is committing this month. I thought he would back Houllier but these sums are unbelievable. Where is this money coming from?My guess would be that Lerner has made the Milner money (£18m) available, which has just about funded the Bent deal. On top of which, there was almost certainly some transfer budget set aside last summer, which wasn't used up at all, and then I'd imagine there is a second transfer budget for January. So, it might look as if we're on a crazy spending spree, when in fact we're not - we're self-funding in the main.That, in some ways, is following a sell to buy policy but in the right way, not in the way the papers seemed to think. And I think it's a sensible way forward. GH has begun to trim the squad; Sidwell's wages probably cover Makoun's wages, the initial loan fee Fulham have paid us for Sidwell probably covers whatever we've had to pay Spurs for Walker's loan.I think we'll see at least one or two more departures by the close of the window - Carew, Ireland, Warnock looks finished. If we're really lucky, Beye. I wouldn't mind betting that we'd be close to balancing the transfer books by the end of January, or we'll have a reasonably modest net spend.
Quote from: Merv on January 18, 2011, 10:07:09 AMQuote from: nick harper on January 17, 2011, 10:29:58 PMAmidst all the euphoria, I am staggered at the amount of money Lerner is committing this month. I thought he would back Houllier but these sums are unbelievable. Where is this money coming from?My guess would be that Lerner has made the Milner money (£18m) available, which has just about funded the Bent deal. On top of which, there was almost certainly some transfer budget set aside last summer, which wasn't used up at all, and then I'd imagine there is a second transfer budget for January. So, it might look as if we're on a crazy spending spree, when in fact we're not - we're self-funding in the main.That, in some ways, is following a sell to buy policy but in the right way, not in the way the papers seemed to think. And I think it's a sensible way forward. GH has begun to trim the squad; Sidwell's wages probably cover Makoun's wages, the initial loan fee Fulham have paid us for Sidwell probably covers whatever we've had to pay Spurs for Walker's loan.I think we'll see at least one or two more departures by the close of the window - Carew, Ireland, Warnock looks finished. If we're really lucky, Beye. I wouldn't mind betting that we'd be close to balancing the transfer books by the end of January, or we'll have a reasonably modest net spend.We are absolutely nothing like self funding. Take a look at our financial figures.We've just spent 7m on Makoun and 18-24m on Darren Bent. That's a spending spree by anyone's definition.I can't believe anyone thinks that is anything but a gigantic investment in the club by the chairman.