buster. 5,257 Posted November 15 Share Posted November 15 17 minutes ago, compo said: People think we were well run in the late 80s early 90s but we were lashing out money back then we couldn’t really afford Souness must have laid out plenty and Smith must have paid plenty in his first term I doubt if we’ve ever really recovered since those days when we bought some very good but expensive players. Sir Duped of Murray was the main architect of our demise. He encouraged a habit of the quick fix to any problem. But the financing of that habit eventually broke us. The support got used to it and still want everything now, even when they have been told of the dire financial situation. 1 Quote Link to post Share on other sites More sharing options...
buster. 5,257 Posted November 15 Share Posted November 15 4 minutes ago, CammyF said: You do realise it's the board's fault we are in this mess? So we sit back and watch the club go to the wall (cause that's where we are heading) for a second time? Aye, that's they way forward. I'm waiting on the alternative you are going to offer 1 Quote Link to post Share on other sites More sharing options...
compo 7,184 Posted November 15 Share Posted November 15 12 minutes ago, buster. said: Sir Duped of Murray was the main architect of our demise. He encouraged a habit of the quick fix to any problem. But the financing of that habit eventually broke us. The support got used to it and still want everything now, even when they have been told of the dire financial situation. He just upped the spending after Holmes left Wasn’t long after Holmes left that Lawrence the building company collapsed makes me wonder if some of the building companies money was used to buy players. 0 Quote Link to post Share on other sites More sharing options...
Popular Post Gonzo79 15,299 Posted November 15 Popular Post Share Posted November 15 18 minutes ago, buster. said: I'm waiting on the alternative you are going to offer Hounding them out when there's no one ready to step in would be catastrophic. 6 Quote Link to post Share on other sites More sharing options...
Bluedell 5,679 Posted November 15 Author Share Posted November 15 1 hour ago, CammyF said: When David Holmes was in charge. We were well run during NIAR and came out of it with cash in the bank. 1 Quote Link to post Share on other sites More sharing options...
Bluedell 5,679 Posted November 15 Author Share Posted November 15 54 minutes ago, compo said: People think we were well run in the late 80s early 90s but we were lashing out money back then we couldn’t really afford Souness must have laid out plenty and Smith must have paid plenty in his first term I doubt if we’ve ever really recovered since those days when we bought some very good but expensive players. The issues weren't under Souness or Smith (either time). The spending under Advocaat was crazy and that's when the problems arose and it was around this time that Murray got creative with tax as well. 2 Quote Link to post Share on other sites More sharing options...
Popular Post Bluedell 5,679 Posted November 15 Author Popular Post Share Posted November 15 13 minutes ago, Gonzo79 said: Hounding them out when there's no one ready to step in would be catastrophic. Yeah, I haven't heard one sensible alternative. They may have made some bad decisions, but most were made with the best of intentions, and they've continued to fund the club. If people think things are bad now, how much worse would we be if they walked away taking their £20m support with them? 5 Quote Link to post Share on other sites More sharing options...
compo 7,184 Posted November 15 Share Posted November 15 25 minutes ago, Bluedell said: The issues weren't under Souness or Smith (either time). The spending under Advocaat was crazy and that's when the problems arose and it was around this time that Murray got creative with tax as well. We still overspent under Souness and Smith backed by the money from Lawrence construction and remember there wasn’t the fantastic prize money on offer in European competition either I said it then and I say it now the club side of the business was spending beyond its means. 0 Quote Link to post Share on other sites More sharing options...
buster. 5,257 Posted November 15 Share Posted November 15 Clement talked of a meeting with the full board, in June. According to him, those at the table said, that if financial issues weren't properly addressed that the situation could become existential. Think about that. This was a meeting with those who are financing the club. Since then, we had a terrible summer transfer window where we could only bring in 810K for 5 permanent and 4 loan deals. Spend was over 13M and we still have to get the Barron fee confirmed. That shortfall will be for the next set of accounts in a years time. 1 Quote Link to post Share on other sites More sharing options...
Sutton_blows_goats 5,457 Posted November 15 Share Posted November 15 25 minutes ago, Bluedell said: Yeah, I haven't heard one sensible alternative. They may have made some bad decisions, but most were made with the best of intentions, and they've continued to fund the club. If people think things are bad now, how much worse would we be if they walked away taking their £20m support with them? I don't want them gone / hounded out. I want them to realise they need to get people in place who can run a football club. 2 Quote Link to post Share on other sites More sharing options...
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