Lengthy signing targets list at hand ... a few obstacle aside

[pete 2,499]

It would be like a supermarket chain coming out of administration via a CVA and new owners but saying they won't be buying in new stock. Of course we are going to buy players and spend money, we have new owners who are looking to build a strong and competitive business, as we are a football club this includes buying players within our budget.

 

Motherwell have posted profits of £500k should they be ashamed of that since they gave their creditors a pence in the pound deal. If it was Craig Whyte or David Murray who were still in control of the club, then I could agree with the sentiment that we shouldn't be quite so open about our spending plans.

 

However our new owners weren't the ones who got us into this mess and they weren't the ones who left our creditors in the situation they find themselves in. They are buying an insolvent business and offering the creditors more money than they would otherwise get. Of course the CVA doesn't include all the money the consortium can raise. You don't buy a house that needs repaired and spend your whole budget on acquiring the property.

 

The money being held back for running the club and enhancing the transfer budget for next season is the same as the money that would be kept to do repairs on a property after you buy it.

 

Yes I get your gist but it is more about timing for me. Hold back until the CVA is cleared not for HMRC or Ticketus but for the small companies that are getting humped. I know emotion plays no part in business that is why I am a crap businessman.

[Guest Xander1873]

Yes I get your gist but it is more about timing for me. Hold back until the CVA is cleared not for HMRC or Ticketus but for the small companies that are getting humped. I know emotion plays no part in business that is why I am a crap businessman.

 

You have a point but we have to increase revenue and in football to encourage supporters to buy season tickets, you have to show that the product on the field is going to get better and that there will be investment. I will renew my season ticket late this year because I want to know what I am buying into, I simply can't justify the expenditure if we are not going to see some investment.

[UCF2008 0]

who knows whether the admins are actually in a legal position to renew contracts.

 

To the best of my knowledge there's no reason whatsoever we couldn't have extended contracts, but I suppose the last people you'd expect to know that would be Duff & Phelps. I guess that would have been one of many benefits we may have had from appointing administrators who had previous experience of dealing with a football club.