The Official West Ham United Thread. Vol 2
Discussion
Sun link (so read or not depending on your stance), decent piece:
https://www.thesun.co.uk/sport/10884488/west-ham-k...
https://www.thesun.co.uk/sport/10884488/west-ham-k...
TCEvo said:
Sun link (so read or not depending on your stance), decent piece:
https://www.thesun.co.uk/sport/10884488/west-ham-k...
Can’t disagree with much of that.https://www.thesun.co.uk/sport/10884488/west-ham-k...
Yep about right, it just shows how completely disconnected the board are from the reality of football and what they have done. Each time they sit in the boardroom for an analysis its everyone elses fault, they 'saved' the club and they still believe that. We are completely doomed to relegation due to chronic underfunding of the 'boring' positions on the football field and completel mismanagement and failure to staff the club properly off it. If we were a business in any normal market the repeated failure would have led to their resignations long ago.
As I understand it, the money from the sale of Upton Park went into reducing the overdraft. Correct me if I am wrong.
The club now operates with a leased stadium, and seemingly has very little in the way of tangible assets. The value of players, brand name, etc are pretty ephemeral, and even more so if we are relegated.
The successful clubs seem to have no problem operating with enormous spending budgets, right up to and above the statutory limits in some cases, reflecting that in business you have to speculate in order to accumulate.
Yet at West Ham, the business model seems to be to spend just enough to stay in the Premier League somehow, and grab the TV money and big gates. But this can be knocked off target by injuries, poor staffing decisions and the onset of a general air of malaise that permeates all levels.
My fear is that the Hammers will not only get relegated but also find themselves in the kind of financial black hole that other clubs recently have experienced and end up bankrupt.
The club now operates with a leased stadium, and seemingly has very little in the way of tangible assets. The value of players, brand name, etc are pretty ephemeral, and even more so if we are relegated.
The successful clubs seem to have no problem operating with enormous spending budgets, right up to and above the statutory limits in some cases, reflecting that in business you have to speculate in order to accumulate.
Yet at West Ham, the business model seems to be to spend just enough to stay in the Premier League somehow, and grab the TV money and big gates. But this can be knocked off target by injuries, poor staffing decisions and the onset of a general air of malaise that permeates all levels.
My fear is that the Hammers will not only get relegated but also find themselves in the kind of financial black hole that other clubs recently have experienced and end up bankrupt.
bad company said:
TCEvo said:
Sun link (so read or not depending on your stance), decent piece:
https://www.thesun.co.uk/sport/10884488/west-ham-k...
Can’t disagree with much of that.https://www.thesun.co.uk/sport/10884488/west-ham-k...
The Li-ion King said:
bad company said:
TCEvo said:
Sun link (so read or not depending on your stance), decent piece:
https://www.thesun.co.uk/sport/10884488/west-ham-k...
Can’t disagree with much of that.https://www.thesun.co.uk/sport/10884488/west-ham-k...
BrabusMog said:
The Li-ion King said:
bad company said:
TCEvo said:
Sun link (so read or not depending on your stance), decent piece:
https://www.thesun.co.uk/sport/10884488/west-ham-k...
Can’t disagree with much of that.https://www.thesun.co.uk/sport/10884488/west-ham-k...
BrabusMog said:
The Li-ion King said:
bad company said:
TCEvo said:
Sun link (so read or not depending on your stance), decent piece:
https://www.thesun.co.uk/sport/10884488/west-ham-k...
Can’t disagree with much of that.https://www.thesun.co.uk/sport/10884488/west-ham-k...
TCEvo said:
BrabusMog said:
The Li-ion King said:
bad company said:
TCEvo said:
Sun link (so read or not depending on your stance), decent piece:
https://www.thesun.co.uk/sport/10884488/west-ham-k...
Can’t disagree with much of that.https://www.thesun.co.uk/sport/10884488/west-ham-k...
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