
Originally Posted by
pass_and_move
I just can't get my head round it. As I alluded to in my last post, and other posts since Sormaz confirmed that the club was losing 7/8 million per year in running costs. Is it all a dream and will I wake up in a minute?
As I say, the solution to our financial affairs isn't even promotion to the championship although it would help. That's the catch 22. Having watched a lot of championship football and the level that the championship is at is way, way above where we're at and our current squad would struggle to get 25 points in that division which is no exaggeration. We're miles away, absolutely miles away in terms of even competing at that level. Should a minor miracle happen and we get promoted, we'd be cast iron certainties to go straight back to league 1 which would still leave us in the same financial predicament.
The club has been administered absolutely terribly. Shockingly in fact, especially for running costs to be that high.
Patrick Cryne kept the club on an even keel eventually by coming up with the statistics plan. He acknowledged that keeping our heads above water in the Championship was not financially viable because it was costing him over a million pounds a season out of his own pocket to keep the club going. A change of plan was needed and the statistic method was the best he and his son could come up with.
This situation however is not losing 1 million a season in the championship, but losing 8 million a season in league 1. It's totally unsustainable and the future of the club is in serious jeopardy. The worry is that the Chairman and board persist with a system that is totally unsustainable and failing badly.
It's time for the owners to acknowledge that things need to change because if they believe in only statistics, then they are seriously deluded. A big concern is to hear Parekh say that statistically, the squad are a top 4 league 1 club. Who gives a feck what player statistics say? Its purely a smokescreen to cover up their incompetence when fact is that the real statistics say that we currently lie 11th in league 1 having lost 15 games out of 38 with 53 points.
The league table never lies. Never ever. Especially at this stage of the season.