Prestwich_Blue said:
When you look at the history of John W Henry & Tom Werner in US sports it's less than stellar. Werner bought the San Diego Padres baseball team and cut costs repeatedly (in the same way the Glazers did at Tampa Bay) before selling them. They naturally never achieved anything.
Henry initially did a better job at the Boston Red Sox but a lot of that was down to wonder-kid General Manager Theo Epstein. It all fell apart for the Red Sox last season and both Epstein and the coach have left amid stories of the star pitchers boozing & stuffing themsleves on fried chicken when they should have been practicing on their non-playing.
Neither of them have any appreciation of what football or the PL is about, apart from some vague recognition that it's a "strong global brand". I suspect they really hadn't worked out just how cut-throat it is and how much CL income means to clubs like Liverpool. They will get a shock when they see how much cash it takes just to keep a top PL team's head above water, if they haven't already found out.
When they were in the CL, they were making losses mainly due to the costs of servicing the debts incurred by Hicks & Gillett. Much of that debt (although not all of it) has gone, saving them that cost but they don't have CL income, which just about balances the debt cost out. So unless they've massively trimmed their wage bill then they aren't making money or generating free cash. NESV's answer (if they fail to get into the CL again) will probably be to cut costs, with hte higher earners going and the youngsters becoming the mainstay of the team. If anyone comes in with decent offers for Suarez, Lucas, Enrique or Reina they'll take them. They certainly won't fund significant transfer expenditure over and above any incoming funds.
If Qataris were to buy a club like Newcastle and inject significant funds, then that might even seal off a route into the top four for the foreseeable future, assuming Chelsea don't implode as well.
We got rid of alot of "dead wood" at the start of the season, for instance Jovanovic who was apprently on around 90k a week which is a fucking joke, Poulsen who i imagine was on around 40-50k and others like konchesky, ngog, insua and we have also sent joe cole out on loan who was on around 100k a week.
At the end of last season when we sold torres and bought in andy carroll we still made a small profit after all the in's and outs, thats not to say that i dont think we over spent on carroll, of course we did and no liverpool fan denys that and it was pretty much a panic buy.
At the start of this season we had a net spend of around 36mil which really is not over the top, i dont understand why people think we would be in some kind of debt and struggling with funds.