One of the problems with the LUST statement about spending more on the team, is that it is easier said than done. It's not like a manufacturing company buying new machinery to increase productivity.
If I owned the club, (I wish!), I would spend very conservatively on the team, hoping that I had a manager that could first prove to me he spends very well. Even then, I'd only let him spend well within certain limits. Other people may take more risk, and may achieve success more quickly as a result (or get into difficulty quicker). Prior to the banking crisis, the HSBC board, who were bankers born and bred, were often criticised for their very cautious approach by analysts and shareholders. Whereas other banks, who subsequently needed massive bailouts!, were run by people with little actual banking experience. Has the analyst who has "looked over" the accounts actually got any experience of running a football club, or even working within football for a significant time? This really is irrespective of whether Ken Bates is the owner or not. The bottom line, though, is that a cautious approach to spending on players cannot be easily criticised. _______________________________________________ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email leedslist-unsubscr...@gn.apc.org PETE CASS (1962 - 2011) Rest In Peace Mate
