>>>Howards? Lee Dixon let slip on footy focus that Grayson has said 7 >million pounds has been spent on the refurb. 7 million pounds that, >spent effectively on the team, would have achieved promotion to the PL >and all it's associated tv cash.
Yes, because it really is a simple as that - ask Leicester..........<<< In Ian Murray's simple world that's how it is. He has no grasp of business (hence his blathering on about me "enjoying a trade fair" when I was pointing out how a modern football ground (Ricoh Arena) is able to earn money on non-match days through running mundane but profitable trade shows. But that had to be rubbish as Coventry City are crap. Whoosh! there goes the point, right over his little head. He seems to think running a football club is like his home economics. We've got a couple of grand spare - do we refit the kitchen or go on holiday? Money spent on ER's facilities is not coming from the same pot as the money that runs the football team. End of. I'm guessing that the refurb funds are borrowed at reasonable rates, against a tangible business plan that shows a confidently forecast business plan (revenue for banqueting, hospitality and, yes, trade fairs). This will show a swift return and ongoing profits, so the money is available. This is clearly not the case when attempting to forecast football revenues. Ridsdale's business plans were (tenuously) predicated on us reaching the Champs' League every year. Look at the ridiculous borrowings he had to take on in order to sign players? Do we really want to go back there? Murray argued we should spend the maximum permissible (50% of turnover) on players' wages as this will somehow guarantee promotion. There are teams that are doing that, and look where they are - Ipswich Town and Leicester City have hardly set the Championship alight. Promotion will come when the manager and team hit the right formula. Just like Norwich have done - without maxing out the club credit card on overpaid primadonna players. _______________________________________________ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email [email protected] PETE CASS (1962 - 2011) Rest In Peace Mate
