keepitdench

pete_norw wrote the following post at 2014-02-18 11:58 AM: [quote] First and foremost I am sick to the back teeth of us running on a shoe string, And being Debt free don''t win medals, so who ever gets the job has to have the big money backing, its a joke when we see other clubs banging on about big name signings, I think even Sir Alex would have had trouble with this club[/quote]So you would rather our club gets saddled with loads of debt and potentially risk administration if we get relagated (ala Leeds, Ipswich, Portsmouth etc), rather than continue as we our with our self-sufficient approach, which if we are patient, overtime could see us become an established top 8 club in the Premier League? Because lets be realistic, top 8 is the best we can ever hope for given the teams at that end of the table.

[quote user="RUDOLPH HUCKER"]  Are we the only side adopting this debt free strategy? It smacks of small mindedness and a lack of vision and I fear it will cost us dear. [/quote]Are you serious?!At what point is taking on a load of debt a good idea for a club the size of ours? Yes we maybe able to field a stronger team, but where will that get us? Top 8 at best maybe, but with the masive risk that if it goes tits up and we get relagated then we are looking at bankruptcy. Teams like Man U and Liverpool can afford to take on 300m+ of debt because they have a world-wide fan base, and turnover 4-5 times the amount that Norwich do, coupled with the fact that they are established PL teams with a probablity of relagation approaching 0%. If we were to shell out, say £50-60m this summer, on new players and their wages, the downside far outweighs the potential upside, as our revenues would remain mostly unchanged unless we were to qualifiy for Europe, and even then the Europa leage will not bring much in the way of riches unless we reached the very later stages, which again is unlikely.Our best bet is to gradually improve the squad with a select few addidions, like that of RVW, whilst trying to remain as solvent as possible, so that if a disaster does happen and we do get relaged, we will at least be in a strong position to bounce back up.I realise that we need to have some ambition, and try and become a well established PL team, but getting into lots of debt is not the way to go. Villa did it a few seasons ago, and more recently QPR - and look where thats got them!