He has a point. Even if we'd played at the Ricoh and had full F&B we'd still have lost about £3.5m a year under Sisu.
What bothers me was the stories of third lowest wages in the Chanpionship, then a few years of fairly savage cuts during which all non-Sisu contracted players left or agreed new terms, yet here we are.
Suggests either:
A) we are not viable as a club with our fanbase and should be wound up/reduce size to L2/non-league standard.
B) something is up with our accounting and were not making the losses we claim
C) wages aren't the problem, some other massively costly item is dragging us down. Any ideas?
Taking aside (please God, let's take it aside!) the rent for a moment...
Were the third lowest wages under SISU, or under McGinnity (honest question - we pulled thm back under McGinnity, Robinson let them disappear under a last-gasp punt for promotion or bust - I know Ranson had a reputation as ruthless Ray but all I can say is some players... clearly met the generous side of him the day they signed their contracts!)
I can well believe, given what we paid out for some players, wages didn't help.
Sad though it is and as an indictment of English football, losing 'only' £3.5mil a year also isn't bad compared to many!
Add onto that we've kept our academy going etc. We've had delusions of being a Premiership club for a while. Doesn't mean the club has to be wound up or reduced size to that extent, but does mean we have to educate ourselves not to demand 'names', not to automatically dismiss legends such as Bas Savage just because we haven't heard of them... give them a chance.
If you think that McGinnity's initial budgets for break even on the Ricoh were 22k (and that was when slashing the wage bill) then it's not hard to see how costs at the club have been vastly excessive for years. If he was budgeting 22k for break even with the club in the state it was when we moved... just how many would we have needed to watch to pay the bills when we had Chippo, Thompson... Walsh and the like?!?