I wish some of the people on here were doing my tax returns and financial planning deals I put together at work, becuase the never ending stream of management accountants, business analysts and financial investigators who are experts in CTRLFC company, WTWC company, players contracts and salaries never ceases to amaze me.
Genuinely. Put the financial performance in to a 5 year overview first of all, to identify a trend and allow some consideration to projection.
Include in that the price of oil per barrel, FTSE 250 (100 is too narrow - maybe go to 400), GBP against the Euro and Aus Dollar - local unemployment rates and then match those percentage trends, I think you will identify that fiscal factors for ALL CLUBS have driven their cashflow profiles.
I am not being pedantic, but all clubs can end up here - TRUE, but the amount of tolerance before the PLC goes into the RED, or gets to the extent of it's borrowing or worse faces Administration or winding up orders depends on the thrift and careful financial management.
So, conservatism does not equal good - but in this narrow use case, it does equal time and breathing space to make considered decisions. I am no apologiser for RW, but I would rather have Wright and Fulton and Millward than some of the Crusaders, Wildcats, Bulls options and thats a fact.
