Oldskyblue: you can't say "lets have some facts supported by real evidence, not just expressions of opinion that are asserted as fact" when that is pretty much what you did throughout a long post.
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maybe we'd have sold and rented back Highfield Road (no data to support that argument)
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Yes i understand what that might mean for the quality of player we might get and our league prospects (no elaboration on the strong possibility of relegations, dwindling crowds, further downsizing etc)
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without the sale of HR we would have been in the nightmare financial meltdown long ago (no data to support that argument)
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I also doubt if you check , that the £60m debt was all attributable to Richardsons tenure, we have been losing money for decades (no accounting data; how much debt was accumulated under Richardson's tenure?)
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Had we not sold the ground we would have been bust 10 years ago (lack of data; who was primarily at fault for putting the club into that position if that was the case?)
Etc. They strike me as being the "[evidence-absent] expressions of opinion that are stated as fact" that you so dislike in the posts of others.
Where I do agree with you: the club has lived beyond its means, the 90s board as a whole has to take some responsibility for not keeping Richardson in check, and SISU are certainly not as villainous as some would make out.
If you really want to paint a fair picture, then publish the facts about where the club stood before Richardson became chairman, and where it stood after he left. Higher debts, lower turnover, fewer assets, owner-to-tenant, diminished status etc.
yes I can .... its called actually living within the means of the club........... year to 31/05/10 we paid 111% of turnover as wages year before was 118% and thats before any other overheads! ...... that is unsustainable and has nothing at all to do with Richardson. Check out the new proposed rules for financial control, they go to the real heart of the matter.
Yes i understand what that might mean for the quality of player we might get and our league prospects.......... but whats more important a season or two of half chance (most likely 18th position) or a secure and long term future ?
Could we have stayed at HR, yes but I doubt the current position would have been any different because we would have mortgaged it to the hilt to just keep going (with crippling finance costs), maybe even had to sell and rent back. Was the Ricoh a good idea i think so, because it has great potential if they get it right, you would not have got the other income sources it develops at HR. No we dont own it, but we have the possibility of doing so in the future, and without the sale of HR we would have been in the nightmare financial meltdown long ago
I also doubt if you check , that the £60m debt was all attributable to Richardsons tenure, we have been losing money for decades. Had we not sold the ground we would have been bust 10 years ago. At the time I reckon there were not many fans complaining about the money being spent on players, we were still living beyond our means though werent we. Plus there were others on the Board who could and should have done better..... its called joint and several liability. Also the current debt of the club doesnt actually cost the club anything because SISU &co own most of it and charge no interest ... it doesnt look good on the balance sheet but it is not what is making the situation worse it doesnt increase the annual losses.
Think you will also find that a big chunk of those £60m debts were written off when SISU took over or deferred with little prospect of ever being paid.
The criticism I might have is that as a Board we didnt have the balls back then to do what our M69 neighbours did and go into administration whilst we actually had some assets.... rise from the ashes at a time it was easier to do so ..... but then do/did i really want the club in administration ? Oh and from memory Festers administration caused delays and added millions to our new stadium, even added millions to our annual losses due to finance costs, pity we didnt get in first.
I am no fan of Richardson but I am at least more realistic than some. So before folk go blaming one particular member of a board of directors for all our woes lets have some facts supported by real evidence, not just expressions of opinion that are asserted as fact. If those proper facts prove the case then I will accept it is all Richardsons fault but somehow I think people are being naiive in their financial assessment. You cannot write off the last 9 years or the many and various contributions of others.
Not one Board of Directors (maybe SISU & co do) and very few fans have embraced the fact that we live beyond the means of the club and its unsustainable!