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New Players? Where's The Money Coming From?

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I read this forum avidly every day - and the general concensus is that City have to buy new players.

Great. But where is the money coming from? According to Worthy in this morning''s EDP on his interest in Reading''s Andy Hughes:

''It''s a balancing act and we are trying to manoeuvre at the moment to try and raise some money to bring in some new faces.''

What has happened to all the money? What is it £20 million for getting into the Premiership and a £5 million cushion after relegation? Plus the players who have been sold during the close season; plus 15,000 season tickets sold.

Just tell me where the money could possibly have gone to for Worthy to talk of trying to raise cash.

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[quote]I read this forum avidly every day - and the general concensus is that City have to buy new players. Great. But where is the money coming from? According to Worthy in this morning''s EDP on his intere...[/quote]

Everything I''ve said reccently Budgie, sadly is coming to pass.

City are vitually broke, skint and in dire straites.

We are led by a rubbish manager and board, who, once they got in the premier league, fell into a ''little club'' mindset. Hell, bloody Delia, said that phrase enough!.

There is no money for new players unless our ''star'' players are sold first, what a joke!.

And we must ask, where''s the money gone?.

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Calm down Wiz. The summer isn''t over and the purchasing hasn''t finished. Do you really, after all this time, take literally everything Worthy says to the press? Have you not learned that he specialises in smoke screens and misinformation?

People seem to forget that we are a club in debt, £18m I believe. Thats worse than broke, but isn''t the fault of this board, is it? This debt takes money to service, but it is under control now. People seem to forget that our boards record of financial prudence with ambition got us into the Premiership, and came damn close to keeping us there. There is no reason to mistrust the board.

Our star players, Hucks, Ashton, Green, aren''t being sold. If we were desperate for cash we would have bitten Pompey''s arm off for the £1.7m offered for Francis. Greeno would have been off loaded cheap - thats how Ipswich are right now. Comparing Ipswich finances to Norwich finances is ridiculous - all their best players have gone cheap or on a free.

Look at the facts - we are NOT facing financial melt down. The players going are either;

1. Not good enough (Holt, Mulryne, Edworthy etc) and already replaced

2. Expensive in wages and old (Helveg, Jonson?) and will be replaced.

People always talk about respecting others opinions on this board. Sorry, but I can only respect opinions based on real world facts, not scare mongering. I am also angry with your ''bloody delia'' comments, after all the good she does for the club. Don''t you DARE be rude about our Delia!

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[quote]Calm down Wiz. The summer isn''t over and the purchasing hasn''t finished. Do you really, after all this time, take literally everything Worthy says to the press? Have you not learned that he specialise...[/quote]

Good post Putney, a lot of sense there.

Anybody who understands modern football will appreciate how the financial implications of any football club (aside from Chelsea) operates within boundaries, controls and rules.

We can bleat all day with random facts which make no sense at all, but at the end of the day, you have to understand how the real world works, or else you are just wasting your breath.

To compare Norwich with Ipswich in regard to financial matters is unbelievable.

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[quote]Calm down Wiz. The summer isn''t over and the purchasing hasn''t finished. Do you really, after all this time, take literally everything Worthy says to the press? Have you not learned that he specialise...[/quote]

All last season Putney, whenever saint Delia (is that better?) came on sky tv, she kept referring to us as ''little old Norwich''. I hate that mindset, hate it!

If the TV pundits had said that, you''d be going potty. But because its her that said it (no, I don''t think she was drunk!) its okay, arrgh!.

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[quote]Everything I''ve said reccently Budgie, sadly is coming to pass. City are vitually broke, skint and in dire straites. We are led by a rubbish manager and board, who, once they got in the premier le...[/quote]

Lost - one plot - if found please return to 1st Wizard.

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1st Wizard - that trait of Delia''s annoys me too. But does it negate the other facts;

- She has given a substantial amount of her personal wealth to the club (officially a loan I believe, but she has stated she doesn''t expect it back)

- Given up a highly successful career to focus on NCFC

- Started the NCFC catering and thus generates substantial additional revenues for the club

- The way she often travels and sits with fans. How many other club directors do this ON THE PLANET? She gets direct feedback from us all the time. The way she refused to sit with the Everton directors after the racist slurs was magnificent.

Is she a saint or a sinner? SAINT for sure.

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Leave it out Wizard.  Delia and Michael have done fantastic, brilliant things for this great club.  Without them we really would be in "dire straites".  Like Northern Canary so rightly said, if you aint liking the Norwich experience then you know where you can go.

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When I read the quotation from Worthy, I too was more than a little disappointed. What sort of budget has he got? Apart from Helweg and probably Jonson, has he any money at all? Knowing how many more players he has to bring in, it looks as if peanuts will bring monkeys...

BUT IS WORTHY BEING SUBTLE?

Is this to try to extract more money than he currently has from the Board - we have seen this before?
Is it to convince Steve Coppell, and others, that he wants their players, but they can''t take him to the cleaners?

The other thing he said in the Pinkun article is that a lot of activity has been going on recently. Let''s hope that any subtlety on his part, combined with his usual persistence, will produce several players who will enhance our prospects of promotion from the start of the season. But last year''s last-minute purchases did little to ensure our premiership status and time is ticking away...

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The latest interview with Worthy on the Official Site does little to reassure.

There are apparently "one or two irons in the fire" - I hope that this is not meant literally - there should be five at least.

Then he says "one or two players" could be leaving - Jonson and a.n.o, and we could use the money from the sales. Does this suggest that there is little otherwise - £135k from Welweg, and a similar amount from Svensson''s sale? I would hope that a small part of the umbrella money could be available, even if most goes on financing the import of Deano.

Given that we need possibly five players, and even if we sold Greeno, we shall be relying on loan players, or cheapies, and there does seem a lack of ambition.

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how many years has it been going on. Worthy says we''re skint etc and then we get Hucks, Crouch, Ashton etc. Jeez let''s hope we''re trying to do business with people with as short memories as some of you lot!

what exactly is wrong with you Wiz? If you made it clear then perhaps people could adjust their replies accordingly. Perhaps you''d rather have Chase and his like back in charge? Worthington and the board have their shortcomings, maybe i fall into the half full camp but i see us a club on the up over the long term. What would people rather we did, become even more in debt even though we are apparently "skint" or continue to service the debt and behave prudently whilst still contning o improve the squad. Look at the FACTS we are in a much better position in ALL WAYS than we were 4-5 years ago. End of story. 

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I am sorry.  As a new boy, I respect the views of all other posters especially the Wiz who is not only an institution here but has supported the cause even longer than I.  But even someone of his pedigree cannot justify asserting that the club is skint and in dire straits just because it is not awash with cash.

If after I''ve used my wages to pay all my living costs, my loans and credit card payments and put a small amount by for the future, I''ve only got enough for a night out and not enough for a weekend in New York am I skint?  Am I in dire straits?

Of course not!!!  I am comfortable but not flush with spare cash to throw around.  Nothing wrong with that, not brilliant but certainly no bailiffs are calling at my door.

So is a club which is paying its way, clearing old debts but does not have wads of cash for new players skint much less in dire straits?  Of course not.  The answer is obvious.  Yes there have been calculated risks such as Hucks and Ashton and yes it is unfortunate that Ryan Taylor was not added to that list but these are the exceptions not the norm.  That is why we are City and not Leeds or the Binners.

Remember that the January transfer pot arose largely from the money saved by not having to pay back shareholders who were due their repayment?   What does that tell you about the spare cash that is around?  

There were good tv and gate monies in the Prem.  The costs were higher and any sensible board (hopefully ours) would have reduced debt as much as possible just as if you or I got a bonus we''d clear our credit card first.  There is unlikely to be much cash left lying around.  I would be worried about the prudence of the board if there was.   I have supported the Canaries for 35 years and hope to do so for the next 50.  I''d like a club to be there for me to support.

The swipe at Delia is gratuitous.  Whatever her faults she has put huge sums into the club and as directors of football clubs go she is as good as it gets. 

The situation is not ideal.  It is not desperate nor even serious.  We have a good team but a weak squad.  Another three signing like the first three and the squad will look so much healthier.   I would rather have kept some of those who left but then I''d rather that my fish hadn''t died. Things happen and we must move on.  This is a long game being played and the board  must be prudent.  We all look to the Bolton and Charlton model.  They have built slowly and securely.  City must do the same.

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