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Huxford on RH

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JazzMariner
September 22, 2011, 12:19pm
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Quoted from MJMariner
I'm not a fan of Huxford but people would have been absolutely hammering the board at the time if we weren't spending the ITV money and taking the "let's not spend it in case it goes bust attitude".  Surely the people most at fault for the clubs not getting the money they were due were the League's legal people who drew up the initial contracts?

People bang on about spending money we never had but we've been doing that with Fenty for years now!
The problem was that GTFC were probably the club most exposed to the risk of ITV Digital going bust. With some clubs it was only a quarter or less of their annual income but the story is that it was nearly 75% of Town's. Therefore it had a massive affect on us but not on other teams.
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GollyGTFC
September 22, 2011, 12:28pm

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Few points to make...

Doug Everitt was Chairman when Alan Buckley was sacked. Bryan Huxford was Vice Chairman. Bryan Huxford left the board and sold his shares prior to the ITV digital season- 9 months before it collapsed.

And it is worth remembering that during 2001-02 the club made a £1,000,000 operating profit and halved club debt in a single season. Whilst Huxford left just before the season he was involved in setting the budget and must take his share of the credit for this. Had ITV digital not collapsed the club would have been debt free by the end of the 3 year ITV digital TV deal and wouldn't have defaulted to the Inland Revenue. Peter Furneaux was Chairman at this time- you remember him? The guy who idiots (alot from here) hounded out of the club after twice saving the club from possible insolvency and leading the club to the most successful period in the club's post-war history.

The only way the club could have protected themselves from ITV digital collapsing would have been to only give out 1 year contracts which wouldn't have attracted players in the first place, but also left the club open to losing all their best players every summer and having to rebuild. Hardly a recipe for success for a small club fighting to stay in the 2nd tier every season.
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