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Selling Our Best Assets; a few facts to consider
Topic Started: Jul 5 2011, 05:36 PM (440 Views)
pooley
The Icon
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reading through a few posts on here regarding this window, this upcoming season and our chances of going straight back up etc people say the main difference this season is the fact we are selling off our best assets wheras the previous administration didnt - and the fact we now need to sell to pay off debts, before we didnt. While im by no means the biggest fan of the current regime I feel a few facts need to be pointed out to add balance to this argument.

The last champ season we sold:
Muamba - 5mil
Kapo - 2.5mil
aluko 50k
and forse/de ridder for free

therefore we made £7,550,000

We bought:
bent - 1mil
shroot - 3k
carr, phillips, carsley - 0

therefore we spent £1,000,300

the champ season before we sold:
pennant - 6.7
upson - 6mil
heskey - 5.5mil
dunn - 2.2mil
melchiot, clapham, vasen and laz - free

therefore we made £20,400,000

We bought:
sheffers - 4mil
cam - 3mil
vine - 3mil
jaidi - 2mil
seb - 1mil
kelly - 750k
danns - 500k
n'gotty - free

therefore we spent 14,250,000

so last champ season we made £6,549,700

the champ season before we made £6,150,000

The patters are evident:

1. both times we sold more than we spent to balance the books - looks like the old regime thought we needed about 6mil to balance the books as while we spent more one season wealso sold more that season and the diference between the two seasons profits was,in football terms, minimal

2. we got rid of our best talents and got either over the hill players who have a season or two left or up and coming stars - both of which are cheap

3. both times even though we had a clearance we still got up first time.

so, what we're doing now - getting ride of the high wages/stars who can command a decent fee - is not too different to what we did before.

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blue casual
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Frank Worthington
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Decent, reassuring post that helps put matters into perspective.

Though I will say things are made slightly more difficult this time around through the fact that we have a much smaller squad and financial instability to contend with.
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DavoHRE
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Frank Worthington
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When our firesale is done and dusted, we should make well more than £20 million. But will CH get £14 million to spend? Not many of us would bank on it. This time feels very different.
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dougt04
Martin Grainger
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We also don't know how much money will be given to CH or his ability to get the best from our existing squad and any newcomers.
So far we've only heard press speculation and assumptions that he'll not be given the resources. I'm sure the Newcastle supporters were hearing similar stories when they went down and he proved himself very capable.
CH himself is saying the right things, he knew the position when he arrived and is confident we will be competive, I have no reason to distrust him or his judgement, he is the man in the know after all?
I've said on other posts that automatic promotion maybe too much to expect this season but we have to be realistic and consider the play offs to be our target, if we get there who knows??
We will have a good season this year, there will be joys and those joys will come quicker and more often than under the scot. We may have won the CC last year but how many good performances can anybody recall from the last 3 years?
Birmingham City would not be our club without the trials and tribulations, we will get past this blip in our history just as we have before and I for one cannot wait to see some positive attacking football no matter what division or who are wearing the royal blue.
Owners will come and go (maybe to jail) but so what? We'll still be here and this time next year we'll still be dying for August to get here and checking every news outlet every chance we can to see who we've bought or sold.
Bring it on!
KRO.
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sjb1989
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Steve Claridge
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DavoHRE
Jul 5 2011, 05:51 PM
When our firesale is done and dusted, we should make well more than £20 million. But will CH get £14 million to spend? Not many of us would bank on it. This time feels very different.

I expect that's because we will need more than £6 million profit to balance the books this time around.

And that is more than anything due to the fact that we have spent MORE money in the prem under this board than we did under the last board (anyone got figures for this?).

So the balance needed for dropping down a league will also be higher.

So Pooley does make a good and reassuring point, but you're right also that this time is slightly different. Personally, I think we're more at a balanced middle between the two views of "we're fine" and "we're doomed". We're in a trickier situation than before but not impossibly so.
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Jim Jimmeney
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Paul Tait
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There has been a lot of knee jerk re-action and angry posts on this forum and nonsense spouted about player loyalty I think based around just how hard it has been to take relegation this season. League Cup winners in Feb, virtually safe with 6 games to go and then total capitulation resulting in relegation was a bitter pill to take.

The harsh reality is we were always going to lose our best players if we went down – that is what happens in football. From the moment we were relegated I believed we would lose the following players, nothing has changed my view on that and I will be gutted to see them all go.

Foster
Ridgewell
Dann
Johnson
Jiranek
Larsson (granted he was going anyway)
Gardner
Jerome
Zigic

If any of those players start next season for us I will be shocked and Ferguson will most likely go too – the additional problem this season is we are in a much worse financial position than our last two relegations. I think we will get £35 to £40 million (maybe a bit more if we are shrewd) incoming this season but Chris Hughton will only have a transfer budget of approximately 3 magic beans to replace them with.

I am afraid it is very different to the times before. The issue isn’t losing players as it was always going to happen, it is not having the financial clout to replace them with the sort of player we were able to attract previously. The gap won’t be around £6 million this year it will be £25-£30 if we are lucky.

That is not to say we can’t bounce straight back but if we do it will be on a shoe string budget – think Blackpool not QPR.
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shogun
Martin Taylor
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I seem to remember tats saying that our wage bill was somewhere in the region of 80% of our turnover which was 57mill last season.If this was close to the truth then our wage bill was somewhere in the region of 45mill way to high for the championship.
I reckon we have knocked about 12mill of that figure with the high loan signings going back to there parent clubs and players like Bowyer,Taylor,Parnaby and Phillips leaving.
This should bring the figure down to about 33mill still to high but remember the squad in the main have relegation clauses which should bring this figure down again.
Also a key difference this season is that instead of the three 4mill parachute payments we get two 16mill payments.
So the point I'm trying to highlight is that if we do sell 30 to 40mill of talent and don't invest half of that back into the team then this board is taking us for a ride.
Remember also season tickets and corporate will raise about 10mill.
TBF i think they will invest as a lot of our players want away for professional reasons and with a few exceptions (Gardner and Zigic) most they would probably like to keep as wages for the rest are not as big a problem.
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JaKe1994
Martin Grainger
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Jim Jimmeney
Jul 5 2011, 06:54 PM
I am afraid it is very different to the times before. The issue isn’t losing players as it was always going to happen, it is not having the financial clout to replace them with the sort of player we were able to attract previously. The gap won’t be around £6 million this year it will be £25-£30 if we are lucky.

I'm not so sure, granted we are in a worse financial situation than last time, but it doesn't mean that we're going to have to generate £40m worth of capital in order to cover the debts and shortcomings in second tier football revenue, that would be foolish, especially with our aim of getting promoted at the first attempt! This is because if we sell off too much of our talent then we could be at risk of depleting the squad too much and leaving it will not enough quality that cannot be replaced whilst we're in this division. We will have to pay of some of the debt, but much of it will be carried over into the season after this, and if we are successful in gaining promotion then the board are likely to use the Premier League money to pay it off.

In many ways its similar to Newcstles relegation, whereby they got rid of some of their quality, but maintained the majority of it, then becuase they were successful and got promoted, they were able to pay off some debt using Premier League money.
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