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 HertsGTFC |
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That smacked a bit of desperation from Hurst, he knows what he's dealing with and any constraints he's under. Moaning that we're getting outbid isn't going to win him any favours with fans, nor I suspect 1878.
There are a lot of high spenders in this division. The absolute vast majority, if not all, are spending beyond their means. I can't lie and say I'm not envious that clubs are bringing in players that we would like to have in our squad, but it is what it is. It's the remit he's working to and even the slightest moan about it achieves nothing at all.
That said, you've gotta fear for the future of some of these clubs. It's ok someone coming in and lobbing a £1million at transfers, that might get you 5 or 6 really good players at this level. But they don't come on minimum wage. They'll command a premium wage, more so if they're going to drop down to this level. Chucking money at it is in no way a guaranteed route to success. There's only 2 teams that are going up into League Two. At least one team is going to be stuck in this division next season, with a wage bill that they've absolutely no chance of matching against their income. Amidst this we're on the brink of a financial crisis globally.
It is frustrating that we're not able to match the spending of some clubs, even more so when we know we've generated a bulk of money through sales and sell-ons, but long term I feel very comfortable for our future. I can't say I share that view for Chesterfield, Stockport et al. The disappointing irony is that the clubs that are chucking money at it are the ones who have previous for poor financial control and should be well aware of the downfalls of not cutting your cloth appropriately.
I get this, we’ve never been the biggest spenders but I’m sure once Fenty has been paid off 1878 will actively seek other investors to help improve the squad and build for the future. |
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| exiledmeggie |
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Who wants to be a millionaire?
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| Bristol Mariner |
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Blame our ex non chairperson not the current regime
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| diehardmariner |
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I get this, we’ve never been the biggest spenders but I’m sure once Fenty has been paid off 1878 will actively seek other investors to help improve the squad and build for the future.
Will they? This isn't a criticism of them or their approach but I'm sure they said they want to make the club self-sufficient rather than seek external investment. |
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| Poojah |
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Will they? This isn't a criticism of them or their approach but I'm sure they said they want to make the club self-sufficient rather than seek external investment.
Did they explicitly rule out the idea of external investment? Investment and sustainability don’t have to be mutually exclusive, do they? An investment, for example, in the youth system or our recruitment set-up could help make the club more sustainable if we had a steady flow of players coming through and being sold for more than they cost to produce, a la Peterborough. |
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| GollyGTFC |
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No idea? please enlighten me
But i doubt its 1 Million 3/4 of the way through the season
It’s over £1m. |
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| GollyGTFC |
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“Andrew and I intend to continue to invest in the infrastructure and playing side of the Club and since the financial year end 1878 Partners has invested a further £1.125m into the business to support these initiatives.
-Jason Stockwood
How are the new pair at Chesterfield any different to what 1878 have done this season?
The only difference is the transfer window closes in less than 6 hours.
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| diehardmariner |
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Did they explicitly rule out the idea of external investment? Investment and sustainability don’t have to be mutually exclusive, do they?
An investment, for example, in the youth system or our recruitment set-up could help make the club more sustainable if we had a steady flow of players coming through and being sold for more than they cost to produce, a la Peterborough.
Correct. I should have stated it was in response to the comment highlighted in bold :
I get this, we’ve never been the biggest spenders but I’m sure once Fenty has been paid off 1878 will actively seek other investors to help improve the squad and build for the future.
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| jamesgtfc |
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No idea? please enlighten me
But i doubt its 1 Million 3/4 of the way through the season
Well they freed us of Fenty which cost ~£1.5m when you include the other shares they purchased. They also committed to repay the loans over 3 years if football fortune didn't which was a £1.5m commitment and then since the accounting year ended, they've put over £1m into the business. I'm confident that there is method to the madness of the 1878 spending but I can see the bubbles bursting (again in some cases) for some of the other clubs. |
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| HertsGTFC |
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Will they? This isn't a criticism of them or their approach but I'm sure they said they want to make the club self-sufficient rather than seek external investment.
JS recently said a number of people have expressed an interest, “investment” isn’t something that would compromise the club being sustainable & self sufficient as long as your incomings cover your outgoings and you don’t become reliant on individuals funding and underwriting your expenditure. |
| "Crombie you would have got to that if you weren't such a fat ba%$@rd" - George Kerr, inspiration from the dug out 70s style |
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