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And it is not fans’ impatience or lack of realism that is the issue.
Kinnear said: “This window again, I think we will spend more than most of our competitors, the owners are very keen to back us,” That was patently not the case in the summer transfer window.
Either Kinnear went out and lied to various media outlets in his interviews on 18th August (unlikely), or he doesn’t understand the club’s financials (impossible), or TFG’s position changed in the 2 weeks before the window closed (probable).
The club took a “sell to buy” approach in those final 14 days and would not even commit to completing transfers in until sales had gone through. There is no other explanation why the club were willing to accept an initial fee of £60 million for Ndiaye, £15-20 million below his market value despite 3 years being left on his contract. Nor why they were willing to accept a £40 million bid for Armstrong when we are meant to be building the squad strength.
Why? Well either we have truly incompetent management, which on the face of it is very possible, or the management we have were following Friedkin strategy ( sell before buy), spend effectively neutral, and in so doing they truly screwed up in the last days of window.
Take your choice, I think it’s the latter, hence no fall guys for the fiasco.
Friedkin could have invested further but didn’t put up the cash.
It’s short sighted because investment on pitch is ultimately the real revenue generator.
Success, on pitch, breeds success off it.
Secondly, I cannot stand Spurs, or Chelsea and always relish them getting beaten. Hope Moyes uses the thin squad wisely, and doesn’t leave subs too late as per previous matches !
We can Win this !
Cash is what keeps companies going. Companies do not go out of business because they are making losses. Making losses mean you run out of cash quicker.
Managing the cash is the challenge. Not having the money in the bank to pay HMRC is one of the quickest ways to get a winding up order. So forget about amortisation – do we have the money in the bank to pay the fees.