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While I agree with you, there is a 'happy medium'. In my opinion what Lai is doing is not how to run a successful football club. Let's face it, he has spent absolutely nothing on bringing in players. Where has all the parachute/Pereira money gone? I'll give you one guess!
We should have spent some money, without going mad, on a decent striker. What I don't understand, as he is supposed to be a business man, is the that you have to speculate to accumulate.
E&F published a good article on our spend and you can see it's really quite thought out. The 'free transfers' weren't quite free transfers and Val has a little to play with in January if needed. Perreira money is paid £4m per season and parachute payments are to allow for sustainability rather than competitive advantage. The club is clearly looking to stretch out money so that we are protected. A lot of clubs take a big gamble that they will be up before the parachute payments end. That's not a gamble we are taking.
https://www.expressandstar.com/sport...ame-in-window/
Derby took the speculate to accumulate model. They paid £8m for a young Arsenal defender a couple of years ago, with the view that he might get them up or they make a healthy profit. He's been crippled with injuries and they couldn't get him off the books if they tried now. They have bought several players for £4-5m and they have made nothing on them.
Don't forget there is so much uncertainty in football still. Absolutely no guarantees from the gov that there won't be another lockdown. The last one was the final nail in the coffin for Derby. I wouldn't trade what we have for a risk that we end up in their shoes.
Good post, well thought out and informative. Perhaps I was looking at it on a somewhat superficial level. I take the points that you have made and obviously would prefer to be run as we are and not in the manner of Derby. I just think that we could be a little more proactive on occasions.