SouthCoastShankly » Thu Sep 06, 2012 4:09 pm wrote:heimdall » Thu Sep 06, 2012 2:23 pm wrote:SouthCoastShankly » Thu Sep 06, 2012 12:23 pm wrote:That isn't the point.
The point is that was cannot spend and incur debt safe in the knowledge that we can get by with commercial revenue and stock market income. We aren't as big as that.
That risk is reserved for clubs who already have money. We clearly do not and cannot justify over investing.
Do you define £2million extra, on top of the £4million Dempsey bid, as overinvesting?
Firstly the figures you are quoting are speculation.
Regardless, if the club had valued Dempsey at £4m max then 'yes'. Let's be honest he was hardly coveted, if Spurs hadn't of come in last minute he would be warming the Fulham reserve bench.
We clearly made mistakes in the window but despite the recent failing I fully support the financial approach of the club. It's safeguards our future, I don't want short term success at the expense/risk of bankruptcy.
i think a few fans are under the impression that we nearly went bust under H+G because of recklessness in the tranfser market, it had nothing to do with transfer spending, H+G bought the club with loans and when the financial crisis hit the interest payments on those loans spiralled out of control.
a club our size and with our turnover would have to be really reckless for quite a long time in the transfer market before we went bust.
people often refer to the money wasted by comoli or kenny but because of the players we sold (torres, babel, meireles, ngog, soto etc) and the cutbacks on wages the club broke even, that `spending spree` didnt pile debt on the club.
even without champions league football that deloitte (sp?) had us down as 8th worldwide in terms of turnover, infact thanks to FSG and corporate partnership deals with the likes of warrior / chevrolet etc we are earning more now than we did when we used to qualify for the CL under rafa.
i`m sure an extra couple of million quid on a back up striker wouldnt have left us on skid row.