With us probably having to sell to buy this summer I suspect he wont be the only one seeing it as a good opportunity to leave this sinking ship.
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Management Levy / ENIC
- Thread starter The Fighting Cock
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With us probably having to sell to buy this summer I suspect he wont be the only one seeing it as a good opportunity to leave this sinking ship.
oh fuck off you sad little man
Do you think if we paid more wages we would improve our record of getting the right player?
Do you think there is any correlation between what someone is paid and how good they are?
Say like buy Odbert or Neto /Eze?
I think more likely is we get more underachievers on bigger money. This club isn’t viewed as a serious place to win things. The Academy is pretty much fucking worthless in terms of producing first team players. The coaching and recruitment structure is bush league bullshit. Until we remove Levy and have an re-organised footballing structure it’s all fucked.
But it’s easier to just say spend more on wages and we’ll start winning. That’s a pipe dream. 2 of the biggest earners Son and Werner are regularly 2 of the worst performers. Ndombele was a total disaster, he was on huge money.
There is a lot more to it than increasing the wage bill to turnover ratio. This is being parroted as a simple fix for everything and it’s not.
embarrassing yourself yet again
There are two problems with Levy
1. Skinflint Cunt
2. Incompetence
Changing one obviously isn’t a “fix for everything” - It would be great to change both but fixing one certainly wouldn’t hurt - very likely it would help.
But yes ideally an owner/chairman is willing to spend AND is good at transfers - Levy = 0 for 2 so yes ideally he fucks off - out of our club.
I don't think that is what is being said at all... I think the argument is that a club our size should not be 20th in this metric... we should be 5th or 6th because that's where our income is. Fully accept that if we were, we might still be shit but at least you're perceived to be trying... every other club is zigging (showing the maximum ambition they can) and we are zagging (showing the minimum ambition we can) - why? Because funds are needed for other projects and non football related stuff. There are 20 business in the Prem League. 19 are primarily run as football clubs, the other one is a portfolio of assets funded by a 140 year old iconic sporting brand.
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It is standard practice. What if the previous new west stand was not devalued. It would once demolished and no longer in existence have been taken out of 1 year's accounts giving us a massive loss. There is nothing sinister in devaluing your assets.
It’s a non cash expense - so who cares about a massive loss caused by an accounting concept which is to do with when you can expense capital spending for tax purposes - Depreciation has NOTHING to do with how much cash is available to spend so it’s a load of crap when Levy points at losses which include depreciation as the reason there’s no money available for transfers/player wages - it’s a f’in con.
I have had another look at the accounts. On page 34 of the accounts it shows the Stadium was depreciated by £50m but then they had it revalued and the value magically went up by £50m leaving the value of the stadium the same as the previous year.
As to cash flow which I agree is very important on page 23 it shows cash declined from £173m to £78m at a time when they had just received the Season ticket money and were in the middle of a transfer window.
on Page 49 it lists the players bought & sold after the balance sheet date which included Solanke with a net cost of £42m.
They really do not have a load of cash lying around
Their options are
1 More borrowing including buying players on credit. They do a lot of this and I think a big reason why they buy certain players and not others depends on whether they have to pay the whole fee up front or not. You still have to pay the cost of borrowing and I expect that player deferred payments increase the fee overall.
2 ENIC put money in themselves. I read they did make a sum of £100m available previously and on page 46 in the 2023 accounts there is a share capital increase of £100m but but not sure if that is it. I cannot see any more on the horizon
3 They get external Investors which has not happened.
Therefore for things to change we either need to increase our income or someone needs to put money in.
I just don’t get why they are so desperate for us to remain trophy-less & be an average team. Desperate for us not to compete at the top with our biggest rival. Worlds gone mad!
With all due respect are you ever gonna fuck off ?
I was arguing this with many on here back in the no signings summer window years ago. I ended up sarcastically saying how well Chelsea have done despite their huge wage bill. & more recently Pep’s a genius winning all those trophies at city despite the huge wage bill. It’s an annoying way to give an example. But I don’t know how else to get the penny to drop.
Totally ignoring Chelsea & city transforming in to serial winners due to big mobey being spent! Pretending ££ has nothing to do with it.
They also then moan about clubs having unfair advantage with breaking FFP rules. Which I don’t get as spending all that money on players & their wages has no bearing on future success remember! Once again they confuse themselves & their arguments all to line up with ENIC & levy’s thinking. No true opinion of their own at all.
Well there’s obviously some correlation, we sold a 100m striker and have since gone through two 60m strikers and have seen a precipitous drop in quality
Hopefully Daniel can rally the team for the second leg with stories of when he was put in charge of the pencil sharpener at school .
We can do this , we just need Daniel to inspire us
We can do this , we just need Daniel to inspire us
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He just needs to tell them how everyone got a watch in 2019 for trying
I can only guess that Ange convinced Levy it was a good idea to loan Werner, and to buy Johnson. Levy will very much help himself by hiring a more competent manager next time. Obviously Levy has had very mixed success doing anything himself. Paratici and Lange, even if they haven't been successful with every signing, have generally been a big help for him.
Great post. It's sad to think we are more cash poor than we might realize. I'm personally hoping for a couple big sales this summer to help replenish our balance while we continue our rebuild.
Levy- if you're out there- fucking HIRE US TO HELP YOU!
