Kevin Gallagher quote regarding Blackburn could have been applied to CCFC (1 Viewer)

[Colin Steins Smile]

Ex-Scotland international Gallacher told BBC Radio 5 live: "When you sell your best assets in trying to stay financially secure, they forget about where football clubs are built and that is on the grass.

"It proved this term that they weren't good enough on the grass to sustain the business and this is what has happened."

 

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[stevefloyd]

Its catch 22 all the time, sell your best assets to survive or go bust with a good team

 

[CovisGod]

Its catch 22 all the time, sell your best assets to survive or go bust with a good team

Or have one incredibly lucky season, as we were seeming to do until Christmas last year. Get a couple of quality loans, which we had in Armstrong and Murphy and one time it will pay off

 

[covcity4life]

Or have one incredibly lucky season, as we were seeming to do until Christmas last year. Get a couple of quality loans, which we had in Armstrong and Murphy and one time it will pay off

so was it lucky or was it embarassing that we ddint manage to go up?

heard both on this thread lol

 

[Grendel]

Ex-Scotland international Gallacher told BBC Radio 5 live: "When you sell your best assets in trying to stay financially secure, they forget about where football clubs are built and that is on the grass.

"It proved this term that they weren't good enough on the grass to sustain the business and this is what has happened."

I read an article about the Venkys over the weekend and it was broadly sympathetic. They were naive investors in football and were taken to the cleaners in the early years by agents and advisors.

 

[Colin Steins Smile]

I read an article about the Venkys over the weekend and it was broadly sympathetic. They were naive investors in football and were taken to the cleaners in the early years by agents and advisors.

That puts a different perspective on their situation, as making an expensive business mistake is forgivable....but requires quick and decisive action from the entrepreneur to cut their losses and exit. Investors really need to have an in-depth knowledge of any sector they are getting involved in to reduce risk. Hanging on in a sector that they don't fully understand is daft.

 

[skybluetony176]

I read an article about the Venkys over the weekend and it was broadly sympathetic. They were naive investors in football and were taken to the cleaners in the early years by agents and advisors.

Where did we rank in agent fees paid in this league again? Forth wasn't it? Maybe the Venkys aren't the only naive investors in football who were taken to the cleaners. Mind you, after 10 years in the business you'd think that they wouldn't be so naive. But then again. Doing the same thing expecting different results seems to be a habit some investors can't kick.

 

[Grendel]

That puts a different perspective on their situation, as making an expensive business mistake is forgivable....but requires quick and decisive action from the entrepreneur to cut their losses and exit. Investors really need to have an in-depth knowledge of any sector they are getting involved in to reduce risk. Hanging on in a sector that they don't fully understand is daft.

It's normal enough to delegate authority and decision making to an expert.

Unfortunately for Blackburn and the Venkys the expert was Jerome Anderson. The article accepted the errors but the cultural implications of failure and acceptance of humiliating duping is very different in the East

The fact Anderson for years did what he did and got away with it speaks volumes.

There is of course some connection as Kean was very much implicated as being up to his neck in the murky mire.