I agree to some extent but explain how Woolwich are competing with similar terrible transfer decisions... Pepe 72m left for nothing, Aubameyang 60m left for nothing, Lacazette 50m left for nothing, Jesus 50m absolute dog shit will probably leave for nothing. Yet they can spunk 105m on Rice and pay him 250k a week. Their revenue is around the same as ours but the difference is, they focus everything on football, we focus everything on property and entertainment financed by football.
Woollich tend to recognise early that a player isn’t going to work & get rid , bar the odd exception . We hold on to them because it’s about profit & of course this results in a bigger loss . It’s not a very good way to run a business