Thu Jul 04, 2013 7:41 pm
Bluebina wrote:bloo wrote:The level of debt you are spiralling into Alan is a lot more than what you turn over, so it is not manageable. It took Fulham 10 years to finally get the equity plan done and dusted and they had less debt than you. I would be a little concerned mate if I were you.
As for penny pinching - lol! We pay what we can afford and that level grows organically year by year, players wages and bonuses too grow year by year but organically and not in any false sense. That's a great model for a football club, but one that wouldn't work for the majority of football teams in any league as they would need the right people and foundations from the very start.
You've just got lucky with a few managers getting you cheap contacts and selling your managers and best players at a profit, it won't last forever, enjoy it while you can.......
It's a model that has worked for 11 years at Swansea and it works.