>>I agree, Tim, and the Ridsdale 'gamble', whilst foolish in hindsight,
was founded on the naming rights of the 'new' stadium, which had 9/11 and the
subsequent advertising recession, which killed ITV Digital, not happened
would have led to us playing at the XBox stadium. <<
IIRC the plan was to fund the new stadium entirely via naming rights, and
presumably a property play at ER. It would have given us a bigger ground in
a more remote location. Wouldn't have helped that much, though. The new
ground would still have had running costs, and the turnover wouldn't have
increased that much. Would we have filled a 50,000-seater ever week? Players'
wages would still have been out of control, and we'd still have crashed -
probably before "Ridsdale's Folly" had been built.
>>As for his financial mismanagement being criminal, sorry but it doesn't
even compare with Lehman, AIG, RBS and f'ing Greece. <<
It was actually short of criminal. Just incompetent. I don't deny Ridsdale
had good intentions, unlike the banks. He was just a useless business
manager.
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