tolmie's hairdoo
Well-Known Member
Spot on. People like the narrative that we'd have gone to the wall, but it wouldn't have happened.
We lost GBP 1 million on a turnover of GBP 12 million during the Division Two season. We'd have sold Weaver and/or Wiekens to keep the wolf from the door - probably Gerard, who we could have fetched a couple of million for at the time and replaced with Richard Jobson, who played 40-odd league games the next season in the higher division, ensuring performances wouldn't have suffered. Gates would have held up - we sold almost 14K season tickets before the play-off final, which was not far off the total for 1998/9. And we had a side that, if form from Boxing Day to the end of the season had been averaged over the entire campaign would have topped 100 points. I think we'd have cantered to promotion in front of gates as big as the previous campaign and been quite financially healthy.
However, Gary James has suggested that we might not have got the stadium or the permanent capacity would have been smaller if we'd stayed dow. Sport England weren't keen to put in the same level of funding for a facility with a tenant in the third tier. That might have had implications for takeovers in later years, but the 'we'd have gone bust if Gillingham had beaten us' story is overly romanticised.
Wardle and Makin were already involved at City in those days, btw, just not as the main shareholders. They ended up buying some shares off the Boler estate in October or November 1999, converted some of their loans to shares and Sky took 10% of the club. We were actually debt free as a result of those transactions (not for long, mind!).
Same reason York is somehow now touted as a watershed in that particular season. Was it fuck. We've lost at bloody Halifax and Stockport FFS!!
The narrative is a myth.
The same myth which has stayed with United ever since the Busby Babes. United have no bigger tradition that any other club in trying to bring through young players.
They get away with it because the Busby Babes were successful and, to the victor, the spoils.