Skip to main content

Wheres the Money gone?

Wheres the Money gone?

Back to league 1 possibly right after 50+ years of supporting PNE that would be me finished with football! Money/greed is ruining the beautiful game it is no longer a competitive league?

Must admit my appetite for more league 1 football would be sorely tested!
 
He has a strange thought process the owner.

Even Billy Bodin was our second choice in Jan. We bid for Josh Windass and got told 1M and he was ours.

The owner was having absolutely none of it - he then ends up moving to Wigan for 2.5M six months later. Would you believe it.
 
Some seriously wild accusations flying around on Twitter. People need to get a grip. We have brought in new players, 2 on loan that won't be cheap. We getting a new training ground. And remember Hemmings has said in the past that he would sell if the deal was right for PNE. So get the cash out and have a go. You'll have my 100% support like Hemmings has, but if we go back to the Shaw days, then I will be there for the Protest.
 
He has a strange thought process the owner.

Even Billy Bodin was our second choice in Jan. We bid for Josh Windass and got told 1M and he was ours.

The owner was having absolutely none of it - he then ends up moving to Wigan for 2.5M six months later. Would you believe it.

Very true. The owner needs to realise that sooner rather than later, he needs to pay better wages and that he will have to break our current transfer record in order to bring in more quality. Until that happens, we’re going nowhere...imo.
 
I've always sided with Hemmings and appreciated his contributions during some of our lowest points... however that view is starting to turn somewhat the other way when I think about what he's actually done for us. He bought a load of shares for 5p (bargain when you consider it really), is using our brand name to build a load of houses which he'll profit on, a training ground which will increase the value of the club for when he sells it and milking it in with transfer fees, and not changing our wage/transfer structure that much from our time in the division below.

He's got a great deal at the minute with our scouting network and of course as an owner, you want to make money but now I feel like he's got us right where he wants us... thinking that without him we'd go under etc. and although this may have been the case 8 years ago, I believe that we'd be fine under any owner at the minute and he has PR very much to thank for that. Not saying in football it can't turn on its head quickly, so I'm not going to be fickle and say we'd be better off without him because you never know what's around the corner, and I'm sure he'd bail us out again if we did get to that stage so he's very much chalk and cheese for me in that he's great when we're bad and bad when we're great.
 
As opposed to unsustainable spending that would guarantee nothing other that spiraling debt? We went briefly went down that route circa 2007-2009. Remember how that turned out?

Whilst he wasn't in full control then, he was still obviously calling all the shots and is probably still stung by it.

I think the lesson to be learned there was not to spend so reactively, but to be proactive. Personally I feel that the owner's fear of relegation is probably greater than his desire for promotion, hence why we saw that sudden spending spree when things were not going so well, but only a year or two prior to that, next to nothing was spent when it looked like we were on the brink of going up. Even when Nugent got injured he was not replaced properly. Spending money reactively at short notice usually doesn't work, as we saw in that period.

This is what I find so frustrating now. It seems that history is repeating itself with this and the lessons haven't been learned. We were in a solid position after the end of last season, decent young squad, good young manager, a 7th placed finish, and some extra cash in the bank to push the boat out a bit on some extra quality. Unfortunately we have failed to be proactive and haven't really invested sufficiently in our forward line. A physical striker is yet to be signed after Hugill's departure.

As a result, here we are now going into the last week of the loan window having failed to score from open play in 5 games and looking desperate for striker. This type of reactive purchasing out of desperation doesn't always lead to wise investment, as we saw from 2007-2009, and as we've seen in recent years wasting 800k on Stevie May and 500k on Vermijl as deadline day purchases.

I do think something needs to happen next week but it's still far from ideal. With the money raised in sales I just think if the purse strings had been loosened a bit earlier we could've seen wiser investments taking place up top, instead we're likely to be in panic purchase mode again, trying to find anyone we can.
 
I've always sided with Hemmings and appreciated his contributions during some of our lowest points... however that view is starting to turn somewhat the other way when I think about what he's actually done for us. He bought a load of shares for 5p (bargain when you consider it really), is using our brand name to build a load of houses which he'll profit on, a training ground which will increase the value of the club for when he sells it and milking it in with transfer fees, and not changing our wage/transfer structure that much from our time in the division below.

He's got a great deal at the minute with our scouting network and of course as an owner, you want to make money but now I feel like he's got us right where he wants us... thinking that without him we'd go under etc. and although this may have been the case 8 years ago, I believe that we'd be fine under any owner at the minute and he has PR very much to thank for that. Not saying in football it can't turn on its head quickly, so I'm not going to be fickle and say we'd be better off without him because you never know what's around the corner, and I'm sure he'd bail us out again if we did get to that stage so he's very much chalk and cheese for me in that he's great when we're bad and bad when we're great.

That's an interesting post given me other aspects to think about when you consider the big picture
 
Whilst he wasn't in full control then, he was still obviously calling all the shots and is probably still stung by it.

I think the lesson to be learned there was not to spend so reactively, but to be proactive. Personally I feel that the owner's fear of relegation is probably greater than his desire for promotion, hence why we saw that sudden spending spree when things were not going so well, but only a year or two prior to that, next to nothing was spent when it looked like we were on the brink of going up. Even when Nugent got injured he was not replaced properly. Spending money reactively at short notice usually doesn't work, as we saw in that period.

This is what I find so frustrating now. It seems that history is repeating itself with this and the lessons haven't been learned. We were in a solid position after the end of last season, decent young squad, good young manager, a 7th placed finish, and some extra cash in the bank to push the boat out a bit on some extra quality. Unfortunately we have failed to be proactive and haven't really invested sufficiently in our forward line. A physical striker is yet to be signed after Hugill's departure.

As a result, here we are now going into the last week of the loan window having failed to score from open play in 5 games and looking desperate for striker. This type of reactive purchasing out of desperation doesn't always lead to wise investment, as we saw from 2007-2009, and as we've seen in recent years wasting 800k on Stevie May and 500k on Vermijl as deadline day purchases.

I do think something needs to happen next week but it's still far from ideal. With the money raised in sales I just think if the purse strings had been loosened a bit earlier we could've seen wiser investments taking place up top, instead we're likely to be in panic purchase mode again, trying to find anyone we can.

Good post it’s just a pity the club haven’t learnt from history but the supporters have and the reality this is about as good as it gets? Like it or lump it?
 
Probably the correct answer.

Hemmings probably has his ideal balance sheet in my mind for the end of the season, don't think we will spend a decent sum unless he's confident of re-sale value and the wages fit in with the rest of the squad... slim pickings.

It's 100% the correct answer.

People moaning about Hemings need to realise where we'd be without him.
 
We can be competitive, we've already proved that. We just can't compete with some clubs financially.

We cannot afford to be "consistently" competitive at this level.

AN and all did a great job last season but without realistic financial backing from the owner it's very unlikely we're ever going to see a promotion challenge from this division again.

The sad reality seems one of acceptance of our "little Preston" status and life between the Championship and Leagues One and Two.
 
TH runs PNE like a business. Whether or not he wants to see PNE in the Prem or just balance the books is open to debate. We get fed numerous lines of spin and, dare I say it, fake news regarding what is happening behind the scenes with the training ground, budgets etc. Nobody knows the real truth about the club's ambitions except the close circle that surround TH. The planning permission for the houses and training ground has been granted. Ingol Golf Course will be no more. Success for TH. However, if the nearby delayed Cottam Hall Brickworks redevelopment is anything to go by, don't expect any movement on the training ground for a good while.

In regards to signing of players. All managers make good and bad signings. Some are deemed a waste of money. Some players just don't settle and some don't perform as expected. Some do. But in my mind getting young strikers on loan from other clubs is just a waste of money, time and gets the fans hopes up only for them to be severely dented after a few performances. I can only think of one striker who we loaned from a Premier League club who has been worth it - Steve Basham. He was a revelation at PNE and would have had a great career if Koumas hadn't broken his leg. The rest, including Welbeck and Carroll have not performed for us in a way that we would have hoped. Yes, they gained valuable experience at PNE and became good players but PNE is not the place for young loanee strikers to hone their skills. Stop wasting your time and money Trevor. It's false economy!
 
Most owners of football clubs become owners because they are passionate fans of the club and they want the club to progress and go forward. TH became the owner of PNE because he saw a business opportunity in getting PNE on the cheap. At best, his non financial motivation for buying the club was to save PNE from going under - hardly inspiring stuff and probably explains his reluctance to spend.

Yes, he wants us to get promotion to the prem, but his motivation for that may well be the added worth that would bring plus the increase attractiveness to a potential buyer rather than his passion for PNE. He has even stated, on more than one occasion, that the aim is to get to the prem but maybe the bit that he left out of the statement is that it can only be done within the rigid rules and framework that he sets.

As a prem club we would be very attractive and a good sale could easily be achieved. As a championship club we could possibly be attractive to a buyer looking to take a bit of a punt but TH wouldn't get a great deal out of the sale. As a league 1 club, TH knows there is almost no chance of a sale and certainly not one that will get his money back.

So, is it not all this that sets the structure in TH's eyes? We currently have the 4th lowest budget in the league. If the league pans out that way, we maintain our championship status remain slightly attractive to a potential buyer and live to fight another day. If everything clicks (like it almost did last season) TH's birthdays come all at once and he walks away a very happy man. If we get relegated, its back to square 1 and start again. TH doesn't want to start again so money will be made available to stop relegation happening. Other than that, TH thinks we can tick along sailing the good ship PNE whilst maintaining the ridiculously low in this league yet attractive to a buyer wage cap and keep his fingers crossed for a favourable wind.

It made sense from his point of view and I could see the sense in his strategy. However, after years and years of this, doesn't he realise that hoping to get promoted on a minuscule budget doesn't work in today's championship like it used to a while ago and that nobody is going to pay the asking price for PNE as an average championship side with low home support?

Cut your losses and sell for a reasonable amount TH and let someone who is passionate about PNE take the reins.
 
It's 100% the correct answer.

People moaning about Hemings need to realise where we'd be without him.
Where would that be then? Conference North with Stockport and York or go into admin like Leicester and Bournemouth and established in the Premier League.

Noone can say for certain but Preston North End would still be playing professional football.

I have had it now with all this TH reverence. He has had plenty of value out of his relationship with PNE and screwed many supporters out of there shares to get where he has now.

Time for him to shit or get off the pot.


Sent from my H8216 using Tapatalk
 
Back
Top