12.3.09

The Financial Situation At the Club

Before anyone gets on their high horse the following is how i see it.
Anyone that has read the blog over the last year or so know my opinion of Mr Chinn.
I hear that times are tough in the employment agency world at the minute is all that i am going to say..& my opinion is that the current situation is as much down to a cash flow problem with all of the directors seeing their cash and assets being squeezed as they are at all clubs.
Goodbye to Mr Chinn , thanks for opening them legs for us.
I hear that our wage bill is far too high ( 5 figures per week ) and that the costs have been based on gates that were never going to attainable ( 1500).... A comment was made a week ago by a friend is what happens to general business sense when successful businessmen get involved in football clubs.... We all want the best for the club in positional terms but a strong business sense is an absolute must ...
An absolute business sense seems to of been realised only on the last few weeks at the expense of actually paying anyone or even being honest with people over that payment situation ..
If we had not paid the players another week then the fa could of stepped in and caused all sorts of problems....Guess cash is the word now. Did we all know that no one(bar staff,reserves,reserve players travel expenses) had been paid for a few weeks , well they had with rubber cheques.Why issue Cheques when there is no money in the account ?
One word Transparency.. is what is needed,it will stop the rumours and all of the trouble that causes..
Lets hope i am correct in it just being a cash flow problem because if it is not then it certainly is not gonna get any easier in a very long summer.