Wfc Finances

Yes I'm saying the here and now signings haven't been great (to say the least in many cases). I think the investment type signings have provided a good return and decent funds to utilise on the here-and-now, but the funds haven't then been used well. maybe Chak and exception last season ? Maybe we are saying the same thing ?

 

So we sold four championship players and replaced them with four better players?

 

I can’t quite believe Palace aren’t on that list?!

 

WBA in trouble

https://www.skysports.com/football/...-by-efl-business-plan-amid-financial-concerns

 

Norwich are in the same boat as us, overspent (particularly on wages) the last 2 years and no more parachute payments. The finances in the championship are shocking, simply madness for most clubs

 

I assumed they’d already restricted our transfer activity

 

Might be worth listening to the highlights of tonight’s show - they actually hold the club to account unlike the FTRE sycophants.

 

Agree Skyla. I’ve started listening to DNSYE last season and it’s a refreshing and honest take.

Peter and Justin are excellent.

 

The PL ruined us. Gino didn’t have a clue how to spend the extra money and got his pants pulled down with inflated transfers and wages in return for utter crap namely our 2 most expensive signings. We are still paying the price for this failure today and I think the club is having to shave the squad constantly just to get back to level ground. Football revolves around player trading and Gino has proven that he can earn large profits on players. However, Gino can’t build a team to compete right now and never has been able to. Fling enough **** at a wall, some will stick. This works for players and managers. It just so happens that Gino is not flinging much **** nowadays and we are struggling with it. It wasn’t uncommon to get at least 10 new faces through the door, no matter what obscure part of the world they came from. Gino is feeling the pinch for sure and i just hope we survive long enough to be able to rebuild

 

Gino and Duxbury are only taking us further down - genuinely our only hope is he sells the club - Gino is just not interested in us anymore. He blew the chance to establish us in the Prem like Brighton have …. Best of the rest …. We will be lucky to be best of League One at this rate

 

We would have less in the kitty in League One unless this new owner was prepared to bankroll the club. ATM we are just another QPR/Preston. In league one we would just be another Peterborough/ Charlton. Only the return of GT got us back to the 2nd tier last time we dropped after we had settled back at that level under Jackett. He won’t be coming back a third time !

 

Morrissey has let himself go a bit.

 

What difference does it make ? He's still a charming man.

 

Happy in league 1? Never understood this take. There were people who said they would be happier in the Championship when we were a PL side. Fair to say most are not happy.
To be happy in a league below the one you’re in means you’re happy to fail

 

If we were relegated his investment would be rock bottom valuation so very unlikely to sell. Conversely, if we were to win promotion again at some point, I would think he now realises he can't fund a genuine attempt to stay up and so would either sell at a decent valuation, or bring in a new investor with the necessary funds.

 

I thought he meant Pat.

 

I would like a change of ownership as well but not sure getting relegated is the way to do it. The list of possible investors would reduce if we went to League 1

 

At least Pozzo would have to accept less money.

 

Or more likely, not sell.

 

I think if we went down he is less likely to sell as the value will be lower. We actually need to be successful to get him a decent amount of money although the lack of transfer activity suggests he doesn't understand that

 

I expect the lack of transfer activity is because he doesn't have the funds, and can't borrow any longer due to reduced revenues.

 

Chicken and egg scenario

 

Don't tempt us...

 

If Pozzo had enough of Watford and couldn’t find a buyer that would recoup his debt is he free to sell the ground and put the club into administration?

not saying this is going to happen just like to understand if this is a possibility

 

Yes though of course investment doesn't necesarily mean more success on the pitch (eg Kalu etc) and does definitely mean more debt to repay....somehow!! I think if he thinks we have enough to stay up he will leave it at that given there is little difference financially in finishing 11th and 19th ?

 

I don’t think so. Nothing in hand to supply as evidence but don’t think and owner can just call in all loans and liquidate a club. I’m sure I’ve seen this scenario discussed about other clubs.

 

Agreed - there are protections in place against an owner basically asset stripping a club to repay their loans ahead of other creditors who are then left high and dry in administration....though I'm no expert in this field.