weasel wrote: ↑Wed May 22, 2019 10:18 pm
Why should the owner pump his own money into the club? He is simply owning something that should make him money because he has invested a lot of money in it to buy it. Yes it would be worth far more as a premiership club but what happens if he spends £40m and we don't go up? Do we then spend £40m more the next season and then repeat? Easy to say sell the players if we fail to go up but their values can drop very quickly especially when clubs know you have to sell. Are Bamford and Douglas now worth what we paid for them? If we now wanted to replace with better we wouldn't get our money back, might end up having to take a big loss and subsidise their wages. Look at Derby and Villa and whilst we all go on about them breaking FFP well one of them has been overspending after overspending and won't get promoted, if it is Derby where do they then go, having no money, no players to sell, no stadium to flog, it could be the start of them descending into administration.
Clubs gamble and fail and it sets them back for many years. At least Radrizanni is pumping the money back into the club that we make on transfers, no longer is it Bates selling any player worth a few quid and then giving Grayson £200k to replace them.
Like it or not AR is running this club like it is a business. Yes he wants to get us into the premiership but he isn't going to risk his own finances to do it. If we get promoted he'll have an asset worth far more than he paid for it, if we don't then as long as he balances the books, pays everyone's salary, including himself, then he is running a successful business. Yes it isn't going to be easy as if we did a Chelsea or Man City and simply bought ourselves success but he is doing a lot of good at this club, appointing a great manager and restoring our youth academy to the levels it was 20 years ago.
Because an owner should invest in his own business to make it successful should they not?
Or get outside investment which Radz did tbf but it didnt really make much difference. From what our accounts say and from what people far cleverer then I have said Radz has invested in the club itself but not much, not as much as he is allowed (again only repeating what others have said).
There is a pattern here, he was criticised for similar when he had those business troubles earlier in the year. Media rights experts said basically Radz was unwilling to cover the expected costs and losses a newish business venture may experience in its early times, many other companies would and do perservere out of their own pocket but Radz wouldn't or couldn't (he had vastly underestimated the funding needed was what the gist was).
I wonder if that is happening here to us?
Radz is no fool clearly, but maybe he vastly underestimated the cost of owning a 2nd tier club? Clearly he was struggling or he wouldn't have got the 49ers in.
One things for sure imo, Radz cant afford us much longer, he has his own issues to like being sued by Everbright as well.
Unless we get promoted Radz will make a loss on us, over a year ago he said he had invested £100mil in us, so if he sells at a loss thats not a successful business is it?
If that's true that figure must be £10, 20, 30mil more by now surely at least.
He will be lucky to get £60-80mil top whack for a loss making 2nd division club.
Radz is cautious, its his money and he wont risk it, i understand that from a business point of view but its damn frustrating as a fan.
Speculate to accumulate and that does seem to be something Radz doesnt do in general.
What i dont get though is ok Radz doesnt want to invest much of his own cash, annoying but ok.
Why not sell another 20,30%?
He would still be majority shareholder, he would have access to more funds which he could use to improve the squad and if that investment brought in 2 or 3 top quality players at this level then all the better.
Radz has an asset improved where it counts, Bielsa has a better squad and Radz didnt have to risk his own cash.
If it works Radz is majority owner of an asset probably worth £200mil+, if it doesnt he hasnt lost anything financially and actually has someone to share the responsibility with.
I appreciate the academy although we have no idea how good that actually is and probably wont till after Radz goes.Bielsa is the best thing to happen to this club since i was a kid and am very grateful to Radz for him. Regarding Bielsa he has basically asked a Michelin star chef to make a gourmet meal using ingredients from the sale in Aldi, not impossible but incredibly difficult.
Football clubs dont tend to make money in this league hence why clubs take risks, if he expects to ever make a profit then we need to be in the prem. Just feels like he is hoping to get lucky rather then making a concentrated effort and when you make the very inspired choice of appointing Bielsa that seems like a very risky and potentially daft risk.