This week brings the chance to once again gauge the character of the current Wolves board.
The team is handily placed for a run at promotion, or the playoffs at least, with the
transformative potential of a successful season in sight.
A transformation that would push the club from a turnover of around 20 million, (without
the remaining parachute payment of 8m), to around 85 million under the terms of the
latest broadcasting deal.
To put it into perspective, it would, at a stroke, put the club into the top 30 of
the richest clubs, by turnover, in the world.
Richest Football Clubs 2014, Deloitte Football Money League
image
Richest Football Clubs 2014, Deloitte Football Money Lea...
Richest Football Clubs 2014, Deloitte Football Money League Real Madrid and Barcelona continue to lead the way in the 2013 Deloitte Football Money League, publi...
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Premier League finances: turnover, wages, debt and performance
image
Premier League finances: turnover, wages, debt and perfo...
The Premier League clubs collectively made a loss of £291m in 2012-13 despite a £2.7bn income and spent a record £1.8bn on wages. What earns them the most and w...
View on www.theguardian.com
Preview by Yahoo
The casino type structure of the modern game in England encourages
the brave and the risk taker. After a tumultuous three years, Jackett
has engineered a situation where the prospect of a quantum leap
in the club's situation and prospects is within grasp.
But only if the board overturns its previous approach to spending
and investment at critical moments. On three previous identifiable
moments, Morgan has chosen caution and retreat over using investment
to strengthen the club at a pivotal point.
The first was in the summer of 2012, when McCarthy failed to seriously
strengthen a squad that had survived by the skin of their teeth in the
previous season. Wolves maintained their wage bill, and commited
relatively lower sums to transfers, and reaped the negative rewards
in the following autumn.
The second failing was more serious, with more longlasting
consequences. Morgan delayed the inevitable sacking of
McCarthy until the mid-season transfr window was over, effectively
accepting relegation, to avoid having to back a new manager.
The third, of course, occurred less than a year later, when
Solbakken was faced with a players' mutiny, and was sacked
to be replaced by the pliant puppet Saunders, again to prevent
any serious spending to resuce the club from a second
successive relegation. Solbakken had received backing when
a percentage of the incoming fees from the summer's transfers
were allotted to him, but as soon as demands were made on
Morgan's own resources, then a destructive refusal was the answer.
For the fourth time of asking in just over 2 and a half years, Morgan again
faces a simple choice: invest and move the club forward towards fulfilling
its potential. Or retrench to a short term balancing of budgets, only to court
longer term stasis or even decline. Good players leave unambitious clubs, is
an inescapable rule of the modern game, and one which disables all attempts
to pursue a more superficially reasonable approach.
Precedent suggests a mediocre outcome. The return of the useful and
experienced Graham also suggests short-termism drives events.
But we shall soon see.....
The team is handily placed for a run at promotion, or the playoffs at least, with the
transformative potential of a successful season in sight.
A transformation that would push the club from a turnover of around 20 million, (without
the remaining parachute payment of 8m), to around 85 million under the terms of the
latest broadcasting deal.
To put it into perspective, it would, at a stroke, put the club into the top 30 of
the richest clubs, by turnover, in the world.
Richest Football Clubs 2014, Deloitte Football Money League
image
Richest Football Clubs 2014, Deloitte Football Money Lea...
Richest Football Clubs 2014, Deloitte Football Money League Real Madrid and Barcelona continue to lead the way in the 2013 Deloitte Football Money League, publi...
View on sporteology.com
Preview by Yahoo
Premier League finances: turnover, wages, debt and performance
image
Premier League finances: turnover, wages, debt and perfo...
The Premier League clubs collectively made a loss of £291m in 2012-13 despite a £2.7bn income and spent a record £1.8bn on wages. What earns them the most and w...
View on www.theguardian.com
Preview by Yahoo
The casino type structure of the modern game in England encourages
the brave and the risk taker. After a tumultuous three years, Jackett
has engineered a situation where the prospect of a quantum leap
in the club's situation and prospects is within grasp.
But only if the board overturns its previous approach to spending
and investment at critical moments. On three previous identifiable
moments, Morgan has chosen caution and retreat over using investment
to strengthen the club at a pivotal point.
The first was in the summer of 2012, when McCarthy failed to seriously
strengthen a squad that had survived by the skin of their teeth in the
previous season. Wolves maintained their wage bill, and commited
relatively lower sums to transfers, and reaped the negative rewards
in the following autumn.
The second failing was more serious, with more longlasting
consequences. Morgan delayed the inevitable sacking of
McCarthy until the mid-season transfr window was over, effectively
accepting relegation, to avoid having to back a new manager.
The third, of course, occurred less than a year later, when
Solbakken was faced with a players' mutiny, and was sacked
to be replaced by the pliant puppet Saunders, again to prevent
any serious spending to resuce the club from a second
successive relegation. Solbakken had received backing when
a percentage of the incoming fees from the summer's transfers
were allotted to him, but as soon as demands were made on
Morgan's own resources, then a destructive refusal was the answer.
For the fourth time of asking in just over 2 and a half years, Morgan again
faces a simple choice: invest and move the club forward towards fulfilling
its potential. Or retrench to a short term balancing of budgets, only to court
longer term stasis or even decline. Good players leave unambitious clubs, is
an inescapable rule of the modern game, and one which disables all attempts
to pursue a more superficially reasonable approach.
Precedent suggests a mediocre outcome. The return of the useful and
experienced Graham also suggests short-termism drives events.
But we shall soon see.....