It's also worthy of note that the arena deal wasn't sanctioned until Richardson had left the building. We could have re purchased.
Also what was mcginnitys role at the club in the 8 years prior to succeeding Richardson? I can't recall much objection of the strategy from him then - can you?
But richardson was only an employee and all the key decisions would have required boarf approval and so why would the owners allow the club to go into admin risking their investment in the club, Turkeys voting for Xmas wouldn't have happened.
EDIT: If you were to replace "Bryan Richardson" with "Tim Fisher" in the article below then SBT would be in meltdown. How BR gets his "misunderstood" tag is beyond me.
Maybe it is something to do with the memories of the players we couldn't afford which gave us some memorable times. But they were certainly not worth it when you see what has happened since.
I think the real reason we argue so much over the blame game is the human need/desire for a single source of vitriol. We want that one Machiavellian villain to target. In our sorry case, there have been a string of people making bad or selfish decisions, some more constant across regimes like Robinson and Elliot, others more transient like Richardson, McGinnity and (hopefully) SISU but at times overlapping each other. Ultimately though, none of the aforementioned have acted with the best interests of the club at heart - they've all fucked us, we're just discussing whether any of them used lube.
Why did Richardson leave when we were so much in the shit? Why didn't he sort out the finances before he left?
Only just read this thread today, but thinking about it, this must surely rank as the most singular event that has caused our downfall. Richardson's folly..
...but he was wise enough to insist on a buy-back clause for Highfield Road... which was for less than the value of the land for building on.
That clause, in fact, was used by the club...
And what was the use of a clause when our club couldn't afford to buy it back?
We exercised the clause and bought it back.
We rented it back at 1.2m a year.
We rented it back at 1.2m a year.
And then we exercised the clause to buy it back.
What seasons were we paying that?
I'm failing to recall the details of that NW. You got more info?
It was on paperwork released that it was how much we were paying before we moved to the Ricoh. That was why they saw the massive rental agreement of the Ricoh as being reasonable.
I have indeed.
We bought it, then sold it straight back to the property developer for £1mil more. I'll find you the story in a bit, but the demise of GMK has kind of destroyed my holding thread to get all the links from instantly
Interesting the motivations... far be it for me to suggest the board members at the time (McGinnity, Robinson... Higgs) were more interested in short term cashflow and protecting their own loans owed to the club, then doing what was right by the club. Relating back to Grendel's OP, the decisions were often made short-term in self-interest at that point, to stave off the inevitable... and each decision saw an asset disappear that didn't have to. It is this that saw us only attractive to the likes of SISU, and this that continues to make us unattractive to all but carpet-baggers.
There were many occasions when decisions were made that showed, if the will was there, a long term choice could have been made. We never did, however, preferring the approach of ensuring we could keep the incumbent board in situ, in the hope of a fluke promotion and a get out of jail card.
This isn;t to excuse Richardson, but it is to provide a context that the moment when Richardson was removed was not some noble act by board members who sat by innocently while one man tricked all... but rather to demonstrate that the club was never high on the list of priorities.
I thought it was on a quote from PWKH and I thought it was only for two seasons and also was £900,000.
Do you have a link to the paperwork?
I thought it was on a quote from PWKH and I thought it was only for two seasons and also was £900,000.
Do you have a link to the paperwork?
I have indeed.
We bought it, then sold it straight back to the property developer for £1mil more. I'll find you the story in a bit, but the demise of GMK has kind of destroyed my holding thread to get all the links from instantlyIt's one of those things that is *always* overlooked whenever I post it mind you, as the dominant narrative was it was Rioh or nothing by that point. You have to ask... why.
Interesting the motivations... far be it for me to suggest the board members at the time (McGinnity, Robinson... Higgs) were more interested in short term cashflow and protecting their own loans owed to the club, then doing what was right by the club. Relating back to Grendel's OP, the decisions were often made short-term in self-interest at that point, to stave off the inevitable... and each decision saw an asset disappear that didn't have to. It is this that saw us only attractive to the likes of SISU, and this that continues to make us unattractive to all but carpet-baggers.
There were many occasions when decisions were made that showed, if the will was there, a long term choice could have been made. We never did, however, preferring the approach of ensuring we could keep the incumbent board in situ, in the hope of a fluke promotion and a get out of jail card.
This isn;t to excuse Richardson, but it is to provide a context that the moment when Richardson was removed was not some noble act by board members who sat by innocently while one man tricked all... but rather to demonstrate that the club was never high on the list of priorities.
Do you have a link to the 900k rent?
Thanks for that. be interested to read more.
I recall smiles had lots to say about it at the time, but my memory isn't so hot on detail
The fact that some posters can't raid the GM archives to prove someone said something 8 years a go is maybe a plus for the demise of GMK ??
Even if it was 950k which is possible as it was so long ago it was too much for a ground not up to standard. Yet a couple of people are trying to defend him :thinking about:
Can't say I took much notice at the time but I believe there's a draft of a book out there that was written about that era with some really eye opening stories but due to legal issues cannot be published as of yet.FFS Richardson had long gone by then and had already agreed a buy back clause which the stupid idiot mcginnitty then sold!
Can't say I took much notice at the time but I believe there's a draft of a book out there that was written about that era with some really eye opening stories but due to legal issues cannot be published as of yet.
still waiting to read it.
You are missing the point.If the Club showed progress up the table the fans would have turned up in huge numbers,
do you remember Wolves at HR with 50,000 plus in attendance. 22,000 or 32,000 would not be enough if we could compete
with the Arsenals--Liverpool's --Chelsea's of this world.A stadium with a sliding roof and a capacity of 50,000 plus that could hold
pop concerts and the like, thus generating year round income for the Club would enable us to compete with all comers.
One thing for certain--it will not happen with a 12,000 seater stadium in Rugby or with sisu at the helm.
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