Broke clubs

[gazban 0]

I am really worried this season as the number of clubs which are competeing in the championship that were broke but are now outstripping us on player purchases and wages. Coventry, Leeds, Derby, Leicester and a few others were and I think still are in far greater debt than us but are still competeing and beating us in the transfer market. How can they be doing it when we have far greater income as we still have a parachute payment as well. We must have also the smallest squad in the league as some left but have been replaced by trainees on cheap wages.  The broke clubs are going to be in a much stronger squad position than last season and teams like coventry showed they have recovered and will be there or near the top for promotion.

I am getting more and more concerned as to where this club is going at present and what wages we are paying the so called stars at the club because that must be where the cash from the prem went and is still going.

[Rudolph Hucker 0]

I think they have investors.

Norwich need more investors, not the fans I mean people with real financial clout.

Do we not court investors?

[First Wizard 0]

I think its called ''Ambition with Ambition!''.

[canary cherub 1]

[quote user="Rudolph Hucker"]I think they have investors. Norwich need more investors, not the fans I mean people with real financial clout. Do we not court investors?[/quote]

Makes you wonder doesn''t it?  I get the distinct impression that our board is a closed shop.  Sizeable investors would naturally want a say in the running of the club.  IMO the board have borrowed too much money to invest in schemes that they hope will provide income from other sources, so that they won''t have to invite "outsiders" onto the board.  It ain''t healthy.

[blahblahblah 2]

What''s better ?  Having a board that''s attempting to be self-sufficient, grow the business and protect it from takeover, or the Man U approach of listing on the stock exchange, only to have massive protests when a big fish swallows you whole ?

[yellow hammer 131]

If half a dozen Championship clubs take a big punt for the three promotion places, then come the end of season at least three of them are in the mire. Yes? And that assumes that spending your way out of trouble is the only option.

Any club, business, or person for that matter, who continuously spend more than he/she earns will, in the long run, come unstuck. Is that not obvious?

 

Yellow Hammer

[Mello Yello 2,572]

[8o|] "What''s all this then! We''ll have no trouble around here! NCFC/ Delia plc, is a local Board of Director''s for local Directoral type people!" "We''ll have no outside influential entrepreneurial folk around here!" "How very, very, dare you all!"

"Keep in house! That''s the sensible way"........"Mr Doncaster, welcome to the in- house Dictorial Dictatorship - and, today in the board room, it''s left hand drinkin'' and right trouser leg rolled up to the knee, coupled with copious amounts of scoffing and guffawing - at the lemmings and the gullible entering the stadium!" "Pimms and lemonade is it Neil?".....allegedly.... 

[canary cherub 1]

[quote user="blahblahblah"]

What''s better ?  Having a board that''s attempting to be self-sufficient, grow the business and protect it from takeover, or the Man U approach of listing on the stock exchange, only to have massive protests when a big fish swallows you whole ?

[/quote]

There''s no need to go from one extreme to the other, blah3.  

There are sections of the local business community for whom association with a successful football club would boost their own enterprise, thus benefitting the area as a whole.  It''s a virtuous spiral.

A degree of self-sufficiency is fine, but if our burden of debt becomes too great that''s when we are vulnerable to predators. 

[sheded 0]

[quote user="yellow hammer"]

If half a dozen Championship clubs take a big punt for the three promotion places, then come the end of season at least three of them are in the mire. Yes? And that assumes that spending your way out of trouble is the only option.

Any club, business, or person for that matter, who continuously spend more than he/she earns will, in the long run, come unstuck. Is that not obvious?

 

Yellow Hammer

[/quote]

It should be obvious Hammer !    maybe it just needs hammering home  ? LOL .

There IS an air of desperation  about the " broke " clubs ....  they STILL believe  that they can buy  success  !   maybe the likes of Chelsea and Manu  can afford to  do this ,  but champ sides are the dogs  waiting  at the back of these plutocraps  , waiting for the scraps  thrown to them !

IMO  we should never try  to buy players  unless its a fair bet  that they`ll  add something to the squad  ,  on that basis I would say that Crofty  looks very promising  , and we now know that Earnie looks the business !   its up to Nigel to get a real working team up now ,  I predict that , yet again ,  it`ll be Hucks  thats our main man  .... but I would say that  [:P]

[blahblahblah 2]

[quote]There are sections of the local business community for whom association with a successful football club would boost their own enterprise, thus benefitting the area as a whole.  It''s a virtuous spiral[/quote]

I may be wrong in this assertion, but I think that there are local businessmen who have dipped into their pockets a number of times when key signings have been made.

I can''t remember the name of the company, I think it''s Bartrum, they do books, but I think the family that owns them has helped in the past.

And there are no end of local sponsorships for kit and the like too.

Are any of the board members masons, Mello ?

[Mello Yello 2,572]

[quote user="blahblahblah"]

[quote]There are sections of the local business community for whom association with a successful football club would boost their own enterprise, thus benefitting the area as a whole.  It''s a virtuous spiral[/quote]

I may be wrong in this assertion, but I think that there are local businessmen who have dipped into their pockets a number of times when key signings have been made.

I can''t remember the name of the company, I think it''s Bartrum, they do books, but I think the family that owns them has helped in the past.

And there are no end of local sponsorships for kit and the like too.

Are any of the board members masons, Mello ?

[/quote]I know nuffin Mr Blahaha.........I is just a gullible lemmin''!..........[:|]

I don''t recollect anyone on the board with the surname of Mason........[;)]

[Carrow89 186]

" I know nuffin Mr Blahaha.........I is just a gullible lemmin''!..... "

who would have thought it

[My spoon is too big! 21]

I think you mean Bertram''s books. They''re one of the largest book warehouses in the country.

[nh_ncfc 0]

[quote user="gazban"]

I am really worried this season as the number of clubs which are competeing in the championship that were broke but are now outstripping us on player purchases and wages. Coventry, Leeds, Derby, Leicester and a few others were and I think still are in far greater debt than us but are still competeing and beating us in the transfer market. How can they be doing it when we have far greater income as we still have a parachute payment as well. We must have also the smallest squad in the league as some left but have been replaced by trainees on cheap wages.  The broke clubs are going to be in a much stronger squad position than last season and teams like coventry showed they have recovered and will be there or near the top for promotion.

I am getting more and more concerned as to where this club is going at present and what wages we are paying the so called stars at the club because that must be where the cash from the prem went and is still going.

[/quote]

The clubs with far worse debt than us are not ''''beating us'''' in the transfers.

Worthington knows roughly how much he''ll go on a player, and he wont stretch that budget to any price.

Surely thats a postive thing? I''d rather that than him trying to beat everyone and us ending up with around 60M debt. And i''m sure i''m not alone on that one.

[Citizen Journalist Foghorn 0]

[quote user="nh_ncfc"] Worthington knows roughly how much he''ll go on a player, and he wont stretch that budget to any price.[/quote]

Surely you now realise that is not true.  Worthy was disappointed the Board refused to match Derby''s bid for the player??

[Mello Yello 2,572]

[quote user="Ralph Wright"]" I know nuffin Mr Blahaha.........I is just a gullible lemmin''!..... " who would have thought it[/quote]

Thanks for your flattering and "who would have thought?" most  predictable retort RalphyDan.[:D]     ..........Keep up the woodwork, monitor your blood pressure - and please maintain your anger mangement classes. Don''t let them ''binners'' get to yah! [8o|]  

[gazban 0]

I agree I dont want us to get in anymore debt but at the moment they all SEEM to be doing better than us with bigger squads and grabbing the few decent players that are available. This is despite our bigger gates (except Leeds) parachute payment and probably the smallest squad in the championship and cheapest squad in the top 12 teams (with so many youth team players).

i do wonder sometimes that if we had gone into administration at the end of the chase years would we now be better off? Even when we get promoted to the Prem we have just blown the whole lot on wages. And finally remind me of the last club that went to the wall from the Prem, Championship or leagues, that had gates of more than 5000?

Prudence mmmm!