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AH's Posts and Other Poster's Replies To AH's Posts
AH's banter posts with other poster's replies to AH's banter posts
26 Jul 2014 13:23:27
Hey there saints. I'm a Liverpool fan or liverhampton fan as some of you may call. I'm on this page quite frequently because I'm eager for you. to be doing some buisness. I've noticed a lot of you are worried about what is happening with your club, and I for one am gutted for you. I love Southampton as a club and it's supporters like, and you have provided some super sexy football for me to Watch. Anyway I saw a post regarding what's going on with the club and thought. I'd pass what he's said on. {Ed001's Note - it is neither. They had a sugar daddy who put a chief exec, Cortese, in place with a remit to run the club with the aim of achieving European football. It was almost an open cheque book, with the club spending a lot of money on infrastructure, including an excellent training ground, players' wages and bonuses etc.
Unfortunately Markus Liebherr died, leaving the club to a foundation which is in the hands of his children. They want to run the club as a business, and are not willing to sink their own money into something they have no interest in. Initially they just left it to Cortese to run while they sorted out their dad's affairs. Then they started to look into the club, they found that Cortese was spending far more than the club was making, plus making verbal promises on bonuses that would mean the club's debt would increase etc.
So they removed him from his position and started to cut back on spending, including player bonuses, in an attempt to set the club back on track. The lack of bonuses upset the players, hence senior ones being desperate to leave, the lack of ambition compounded the problem. They have brought in a manager who is happy to run the club on a tight budget and try to utilise the youth academy players as much as possible.
Now they are just selling up those who are unhappy to reduce the debt, provide funds for spending and to put towards future expansion of the ground. I am not sure if their long term plan is to set the club straight and then sell, or if they just want to run it as a long term stable business. Either way, they have decided to take the short term route to financial stability and hope that it doesn't lead to relegation. }
AH
1.) Cheers AH, that's very interesting to know and to be honest a bit depressing. That doesn't bode well for the future at all, we've surely sold enough players to easily be in the green now, surely?