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If You Think We Have It Bad With Morgan
Discussion started by Badge32 , 19 July, 2014 10:25
If You Think We Have It Bad With Morgan
Badge32 19 July, 2014 10:25
Then spare a thought for the Blackpool fans. Their owner is a lot worse than ours by all accounts. Last season he used the clubs money to give to his dad's company and prior to this season a total of 27 players left the club. As of this morning they have only 8 full time players (no keepers) on their books and three of those are injured. They play their first of two friendlies today (should have gone to Spain on tour but had to cancel) and will have to fill the side with youth and unknown trialists.

Not only that but Riga who became manager five weeks ago is already on the verge of quitting and there was also reports that Oyston was going to sack Riga as he wants to sign players from his native Belgium and oyston will not allow it. They had clear the air talks on Thursday according to reports and a new list has been drawn up but still the fans feel Riga will walk.



Edited 1 time(s). Last edit at 19/07/2014 10:31 by Badge32.

Re: If You Think We Have It Bad With Morgan
Badge32 19 July, 2014 10:26

Re: If You Think We Have It Bad With Morgan
Steway 19 July, 2014 10:31
I agree to some extent Badge, it seems worse, but at least Blackpool fans know their owner is doing that. We still can't be 100% sure where all the money has gone that I and many others feel Morgan siphoned out, so at least Oyston is doing it explicitly. Also, the sad thing that I think Blackpool fans need to realise is that they're a small club, and without Oyston they'd be nowhere near the Championship, let alone harbouring Premier League ambitions. Maybe Oyston feels it's time to repay the amount of money he invested, which to some extent you can't really blame him for. Perspective sometimes. We're in a different position altogether, as apart from a tenner, we can't be sure Morgan has actually spent any of his own money (which I think we all probably assume he hasn't), and if he's siphoning money out of a club he virtually inherited debt free, that's a different story.

Re: If You Think We Have It Bad With Morgan
wolverina 19 July, 2014 13:31
Well it would take an extreme t****r to make Morgan look good! Perhaps Blackpool can have a few of our overpaid hangers on - or we'll never be rid!

Re: If You Think We Have It Bad With Morgan
Meditate today 19 July, 2014 13:35
Most owners invest when they buy a club tho their interest normally tails off if theres no success.And apart from manc and chelski there will always be a budget.

Not many owners take money out personally tho the glazers have taken millions from manure .


At blackpool when they were in the prem with ollie they made a big profit but got relegated and oyston paid himself £11 mill the following summer.

Morgan doesnt invest as much as we would like but he doesnt take money out personally-thats the difference.Altho redrow will have earned a profit at compton.

It looks like oyston has lost all interest in the club so reckon they will get relegated and he will sell.

Re: If You Think We Have It Bad With Morgan
toomb 19 July, 2014 14:10
Quote:
Steway
I agree to some extent Badge, it seems worse, but at least Blackpool fans know their owner is doing that. We still can't be 100% sure where all the money has gone that I and many others feel Morgan siphoned out, so at least Oyston is doing it explicitly. Also, the sad thing that I think Blackpool fans need to realise is that they're a small club, and without Oyston they'd be nowhere near the Championship, let alone harbouring Premier League ambitions. Maybe Oyston feels it's time to repay the amount of money he invested, which to some extent you can't really blame him for. Perspective sometimes. We're in a different position altogether, as apart from a tenner, we can't be sure Morgan has actually spent any of his own money (which I think we all probably assume he hasn't), and if he's siphoning money out of a club he virtually inherited debt free, that's a different story.

Steway, have a read of this and see if it changes your mind:

http://measuredprogress.co.uk/opinion/10-questions-that-should-be-answered/



http://img651.imageshack.us/img651/7594/brazilitalygif.gif

toomb's twitter

Re: If You Think We Have It Bad With Morgan
Steway 20 July, 2014 11:37
Hi Tom, only just managed to find time to read that and try to take an unbiased viewpoint on it. A lot of it does seem to be heavily biased towards one side of the argument, but I do see your point mate. £11million withdrawn is a lot, but the thing that catches the eye is the Travelodge deal. I would argue though that Morgan is doing the same with the areas surrounding Molineux. What kind of deal did he make with Buckingham Group? We don't know as the accounts aren't particularly transparent. Also, what implications did Compton have to his other business interests? What exactly happened to the £30million investment? Was it used for the stadium? Or training ground? If so, did his other businesses directly profit from this? And can you count that as a direct £30million investment in the club, or is it a back door way of spending nothing? Where did our Premier League and parachute payments go? It can't have been on player transfers and wages, our wage bill was fairly low in comparison to our revenue and tv money. Was this saved for a rainy day? Is it still in the club coffers? There's so many questions to be answered. It would be good if the fans parliament could get answers to any of these questions but he and Moxey just bat them away and threaten to quit.

Re: If You Think We Have It Bad With Morgan
Badge32 20 July, 2014 12:04
Blackpool beat Penrith 4-0 yesterday and named 5 players as Trialist in the starting XI and 2 on the bench.

TEAM: Trialist, Waddington, Trialist, Perkins, McMahon (C), Dunne, Zenjov, Trialist, Trialist, Grant, Trialist.

Subs:Barkhuizen, Trialist, Highan, Telford, Moulden, Gregory, Trialist.

nathan delfouneso who is on Wolves radar was one of the trialists and scored the first two goals.

Re: If You Think We Have It Bad With Morgan
2longinthetoothWolf 22 July, 2014 11:24
Steway, did you happen to see the TV revenues that we collected last season...? Less than £500k. As for our "fairly low wage bill", exactly how much do you think we make from ticket sales and club-shop, and the small amount of sponsorship? Certainly not enough to cover the "Bomb-squad" wages - let alone the playing personnel that we want to keep. Doyle, Ward, O'Hara, RJ, not to mention Stale's foreign legion. Sako is on pretty high wages, whilst there's a few other names that aren't quite on their uppers either (Foley, Stearman, Edwards). Its fine people talking about Blackpool being a small club, but we're hardly a "big club" when it comes to spending power. We're still in survival mode until we difuse the "bomb-squad"...

This is where the parachute payments have gone these past two seasons - in keeping the cashflows balanced. Sadly we've been paying (literally) for poor mistakes of managers departed, not to mention CEO and Chairman still in situ.

We've pi$$ed all of the parachute payments up the wall in trying to standstill, whilst the main investment from the Chairman has been on the Academy facilities (rightly or wrongly - the jury's still out on that one!).

I'm gutted that we missed an opportunity to re-build when we came out of the EPL, and moreso that we pi$$ed away good money by backing Stale.

We move on - we're back to square one, but now we're in the situation where the Chairman says one thing ("we'll back Ken in the transfer market to get us back to the EPL") and does another ("Loans have been successful for us at times - we'd hope it's one that turns out to be a permanent deal if it goes well..." - quote KJ).

This is Wolves. We shouldn't expect anything else...

Re: If You Think We Have It Bad With Morgan
Steway 22 July, 2014 13:22
To be fair 2long, I agree with where the parachute payments have gone to some extent. The issue I have is where the Premier League money went. At the time, no one knew we'd be going down twice in a row, so where did this little stash of cash disappear off to? And the other issue I have is with Morgan's £30million investment. If it has been used for the Stan Cullis and the training ground, then I don't see how that's any different to what Oyston has done. He rebuilt their ground at a time where they weren't in a position to with his own cash, then took £11million out of the club when things were rosy. Oyston literally is the reason Blackpool are even in this league today, whereas Morgan hasn't invested a penny into anything that he can't get a return on. Players and wages come out of money we the fans pay, his money goes into building projects that will earn him a hefty profit come sale time (especially considering he was effectively gifted the club). I'm sure Sir Jack's condition of investment was not intended to be used for building work!

Re: If You Think We Have It Bad With Morgan
Badge32 23 July, 2014 00:59
Still don't make it right. He brought the club then sells some of it's land for £650,000 to his fathers company and then buys it back for £6.5 mill. He then gives his dad £11 mill and then tries to tell the fans it's ok as his dad will LEND it back if need be. Ok they was stuck in the lower leagues for years and then he helped do up the stadium and got them in the prem. But to do all that and then take money from the club and watch it crumble is bad. He even mock's the fans and had his photo took buy a fans protest board and then posted it on media sites

http://i.newsrt.co.uk/upload/news/large/14/15/22444809911.jpg

I'm sure if you was a pool fan Steway you would rightly be @#$%& at what is going on.

Mind you I liked this one from the fans.

http://i.dailymail.co.uk/i/pix/2014/04/08/article-2599857-1CF13CA400000578-18_634x403.jpg

Re: If You Think We Have It Bad With Morgan
Steway 23 July, 2014 06:40
No doubt I would be Badge, I think it's a disgrace that they've got so few professional players literally 3 weeks before the start of the season, don't get me wrong. But I also think you can argue we have just as much to be unhappy about with Morgan (in my eyes anyway). Not trying to argue Oyston's case, I just think Oyston has done a lot more for Blackpool, even after the stuff he's done, than Morgan ever has for us. Morgan has put us in a worse position than when he took over, Oyston could get them relegated twice and they'd be back to the position they started in.

Re: If You Think We Have It Bad With Morgan
Arthur Tannen 23 July, 2014 11:07
Quote:
2longinthetoothWolf
Steway, did you happen to see the TV revenues that we collected last season...? Less than £500k. As for our "fairly low wage bill", exactly how much do you think we make from ticket sales and club-shop, and the small amount of sponsorship? Certainly not enough to cover the "Bomb-squad" wages - let alone the playing personnel that we want to keep. Doyle, Ward, O'Hara, RJ, not to mention Stale's foreign legion. Sako is on pretty high wages, whilst there's a few other names that aren't quite on their uppers either (Foley, Stearman, Edwards). Its fine people talking about Blackpool being a small club, but we're hardly a "big club" when it comes to spending power. We're still in survival mode until we difuse the "bomb-squad"...
This is where the parachute payments have gone these past two seasons - in keeping the cashflows balanced. Sadly we've been paying (literally) for poor mistakes of managers departed, not to mention CEO and Chairman still in situ.

We've pi$$ed all of the parachute payments up the wall in trying to standstill, whilst the main investment from the Chairman has been on the Academy facilities (rightly or wrongly - the jury's still out on that one!).

I'm gutted that we missed an opportunity to re-build when we came out of the EPL, and moreso that we pi$$ed away good money by backing Stale.

We move on - we're back to square one, but now we're in the situation where the Chairman says one thing ("we'll back Ken in the transfer market to get us back to the EPL") and does another ("Loans have been successful for us at times - we'd hope it's one that turns out to be a permanent deal if it goes well..." - quote KJ).

This is Wolves. We shouldn't expect anything else...

Most of the "bomb squad" will be gone by September again, so not that much of a problem. Last season Ward, Johnson, Boukari, Doumbia and Margrietter were loaned out for the whole season with Wolves not paying any of their wages. In Johnson's case we got a decent loan fee from West Ham that will comfortably cover his wages for a few months. Doyle spent the 2nd half of last season at QPR with them paying his wages in full and apparently the loan fee we got for him was more than enough to pay for Dicko. We got £3m for Hennessey, £1m Henry, £1.5m for Griffiths and fees for the likes Hammill. So I'd say last seasons wage bill wasn't nearly as high as portrayed. Add in £16m parachute payments, an average gate of 21k, much higher than anyone expected it to be with a couple of 30k attendances at the end to boost the coffers a bit more. Sako was signed in the Championship so I'd guess he's not on high wages and Stearman and Edwards have signed new contracts since promotion from League 1 so I'd say there wages have significantly decreased.

I'd imagine the same will happen this season and O'Hara will be the only one left behind, parachute payments will drop to £8m but attendances, tv money and sponsorships will rise so we'll be pretty well off.



Edited 1 time(s). Last edit at 23/07/2014 11:31 by Arthur Tannen.

Re: If You Think We Have It Bad With Morgan
Meditate today 23 July, 2014 12:46
Very much doubt that we had all the loanees wages covered but getting a chunk of them is worth having.

The only figures I have seen are for ward who the E and S said was on 13k a week of which brighton were paying 10k and they wouldnt pay more -hence the current stalemate with him.

Margreitters move back to stale united fell thru cos they couldnt afford his wages.

Johnson wont be going back to west ham and after his performance in the capital one cup against abu dhabi no prem team will touch him with a barge pole.Prob also true of doyle.

Boukari got injured again last night at telford .

So reckon we will do well if we cover that chunk on the eight loanees and get wood in on loan as well before sept 1.Cant see bamford coming if can get a loan move to a prem team.

Re: If You Think We Have It Bad With Morgan
Meditate today 23 July, 2014 12:46
But you never know morgan might change his spots and pay up for wood(yeah ok ) ,anyway clarkes on fire so after a poor one from stears last night maybe we should up the offer on maguire instead.



Edited 1 time(s). Last edit at 23/07/2014 12:53 by Fit bloke behind you.


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