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The Budget

The Budget

B

Baldygit

Ridsdale OUT
Joined
Jun 5, 2006
Messages
9,843
Location
Foreign parts
The Budget is not necessarily the main problem but it doesn't help by the way it is spent. Pay peanuts and you'll get monkeys or put it another way - buy cheap and you can expect cast offs that very few clubs want.
OK so the Budget awarded by the Board may be considered too low but it is exacerbated by lack of good financial judgement by the man responsible for buying/selling players.
One question is never answered - how much input has the DoF got when it comes to deciding the Budget. Does he have any or is he just presented with a figure which he readily accepts regardless?
Whatever method leads to the actual Budget I don't think we can wholly blame any single entity for the overall poor management of the club.
 
Given how Ridsdale is an employee of the club and ultimately doesn't fund it out of his own pocket any say he has in terms of the budget is limited.

Prior to Hemmings death it seems there was some flexibility in the budget - if Hemmings fancied a particular player an extra few bob could be found.

Once Hemmings died the majority of his assets went into the Conway Trust. Within this trust provisions were made for the club and everything so far suggests that the budget was fixed so if the price changed for a particular player then there's too many hoops to jump through to get this signed off.

A crude estimate is that £1 million per month was allocated to the club from the Conway Trust. There will have been a cut off point for this amount to be paid and that is likely to be 30th June 2023 - hence the club has been reducing its outgoings past this point. That's not to say that the budget will be reduced by £12 million next season but there's little chance of it increasing.
 
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