Club Accounts

Having seen the accounts I am not as pessimistic as most. The owners do appear to have stepped up with their funding the statement that their loans shortly to be converted to share capital are now £3m suggests a further £800k injected post these accounts which should fund this seasons loss.
Conversion to share capital means no benign loans to repay on the day they want out  when it comes.  So far at least .
Playing budget increased by 22% over these figures for current season
With this funding we should have been challenging for a play off spot
Owners are entitled to be frustrated as a result .
Whose fault is it ?
We can see the playing budget has been spent appallingly badly.
While less transparent to us the back office staff spending may also have been spent appallingly badly.
Ultimately the owners control these things and it is ironic that with were their acclaimed business background they haven’t been able to manage this business remotely well so far.
Where does that leave us ?
I think we only have a short time left for the current owners to get it right before pressures to inject  more money lead them to consider their position .
Perhaps the conversion of their loans to share is a prelude or requirement of a new investor  or investors. I hope so it’s needed

Quoted from Mariner_09

Paul Hurst masterminded the playoff run and Cup run that gained us £6.8m in revenue, but he signed a few iffy players this summer (Eastwood, Mullarkey and Rodgers are the only three for me) and therefore he's a disgrace and subject to this kind of post.

He Gave Vernam a 3 year deal, thats criminal

Quoted from Hagrid

He Gave Vernam a 3 year deal, thats criminal

How is Vernam still getting stick? Started the season injured, didn’t perform well then paid the price for playing through by being out for 3 months. Has eased his way back in and often been a bright spark attacking wise when he’s played since his return.

He’s way down the list of players who deserve stick

Quoted from Mariner_09

Paul Hurst masterminded the playoff run and Cup run that gained us £6.8m in revenue, but he signed a few iffy players this summer (Eastwood, Mullarkey and Rodgers are the only three for me) and therefore he's a disgrace and subject to this kind of post.

I am not sure you can credit PH for masterminding the FA cup run when it was achieved by playing squad players who he thought weren’t good enough for the League eg Orsi

Quoted from pontoonlew

How is Vernam still getting stick? Started the season injured, didn’t perform well then paid the price for playing through by being out for 3 months. Has eased his way back in and often been a bright spark attacking wise when he’s played since his return.

He’s way down the list of players who deserve stick

He's injured again. Apparently a hamstring tear. Giving him a 3 year deal with his injury record was a ridiculous decision. No blame on the player for signing the contract but it's yet another example of how the increased budget was pïsséd up the wall in the summer.

On the note of injuries, Max Wright has featured in 30 games for Halifax this season, yet we couldn't keep him fit which raises a few questions about our methods.

Hurst had an absolute disaster putting this team together. Dont know how anyone can argue with that. His team is taking us down ffs

Do the maths with some of the signings on 2 and 3 year deals that no other teams wanted.

I think Hurst's problems in the summer probably came because he wanted to (or had been asked to) change the playing style somewhat from, 'Keep us shape' and have talented individuals create something every now and again, to a more expansive style. If it meant he was looking at different types of player to those he usually went for (limited in areas, but grafters at the very least), it might explain why so many poor signings were made. He went 'against type' and made a lot of mistakes with his signings. Very odd for such an experienced manager.

Quoted from Poojah

I think that’s a bit harsh. The 16/17 window doesn’t excite when you look back on it, but he still had us in and around the play-offs when he left, with all the financial constraints you mention.

Whilst you can find fault with last season, home performances in particular, we still achieved our highest league finish in almost two decades and made the FA Cup quarter final.

Compared to both of those, this season is a complete aberration.

Again, are the actual performance (in terms of results rather than entertainment) a reflection of his ability to get shape, structure, discipline etc. more than how well the recruitment went?

I'm not faulting the guys ability, certainly until the last 10 or so games of his second spell, to send a team out to do a job. But his recruitment at this club in fourth tier is woeful.  Must be 50+ players he's signed as a 4th tier manager at this club. How many have gone onto do well for the club/benefit us and improve on what they replaced?   Collins, Smith, Rose, Conteh.... Lloyd I guess.  I'm discounting his first window back in winter 2021 as that was just a farce to be honest.

Can look at that many ways. One of which is that if he's capable of achieving midtable finishes with bad recruitment, what would have happened with marginal improvements in the recruitment? Last season for example, how much better would we have looked with a proper striker all season rather than hoping that Taylor turned back the clock?

Completely agree on your final point, in comparison this season is literally the worst. Considering he had no constraints and a better budget, it means into ska's point about him doing better with restrictions.

Quoted from pontoonlew

How is Vernam still getting stick? Started the season injured, didn’t perform well then paid the price for playing through by being out for 3 months. Has eased his way back in and often been a bright spark attacking wise when he’s played since his return.

He’s way down the list of players who deserve stick

Because he's injured again.

And Im blaming Hurst for it, that okay with you? He didnt give himself a 3 year deal did he