West Ham United today launched an audacious bid to bring former Arsenal
favourite Thierry Henry back to the Premier League.Co-Chairman David
Sullivan has offered Henry a deal that would make him the highest paid
player in the club's history, on a reported £75,000 per week salary.The
Barcelona striker is believed to have been offered a two year deal by
the Upton Park club, which could be worth up to £7.5 million.This huge
offer comes even though West Ham are in a certain amount of debt, as
admitted by the club's new chairmen.“Our club is in debt but a striker
of his quality and standing would make it a great deal. Henry is still
up there with the best," said Sullivan.This seems like a baffling move
given the fact that Premier League clubs watched on as Portsmouth
became the first top-flight club to go into administration this
season.Other clubs need to learn a simple business lesson to avoid them
suffering the same fate as Pompey — don't continue to spend exorbitant
sums of money on wages if the club's finances are not in great shape.It
is a very slippery slope towards administration and liquidation if
clubs continue to fly too close to the sun.Without claiming to be an
expert on the ins and outs of West Ham's finances, one would imagine
they don't have the same ability to service their debts as the likes of
Manchester United do.In addition, the signing of Kieron Dyer on a
similarly large wage did not exactly do wonders for the club's league
position or financial health.In fact, the new co-Chairmen attacked the
previous regime for giving out such large contracts to players such as
Dyer.Without being totally negative, it is possible to understand the
attraction of bringing a big name like Henry to the club.It is more
likely to swing season ticket holders who were contemplating whether or
not to renew for next season.It will have added benefits in terms of
shirt sales and other merchandising.But, the club should still weigh up
whether this offer is good for the long term health of the football
club.Too many clubs are planning in the very short term to keep the
fans happy, but one would imagine those fans would be happier still to
have a football club to support in 10 years time.

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Posted By Mas Item to Bwinsport | Gila Bola at 5/24/2010 03:25:00 AM

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