Txiki and Ferran operate on a different plane than I think some of us imagine.
Where we see an exciting player, they see a player, a transfer fee, a wage, a squad slot that has to meet PL and UEFA restrictions, and a current squad player that may need to be removed.
That is a very long-tailed calculation from a business and FFP perspective, and is often fraught with more difficulties than we may give credence. There’s agents, families, language, culture, Pep’s tenure, Manchester, taxation, image rights, and, not inconsequentially, who occupies that position in Pep’s First XI!
We are attempting to be one of the biggest, most successful, clubs in Europe with perhaps the smallest fan base of the Top 10 clubs in Europe. Hell, for most players and fans, we are not the biggest, most successful, club in Manchester…regardless of what we might think of recent history!
I think Txiki’s transition from “we want you and we will pay you the moon and the stars to help build us” to “we are one of the best teams in Europe, come and play for us” has been far more difficult than some people can imagine.
The Sheikh has turned £200M into £2B on paper, but he needs the business to pay for itself. In today’s inflated transfer market, player wages, and agent fees, that’s a complicated proposition for us…even as we pay £100M fir Grealish!
I think the club is in good hands, but I also know we are a few bad years from potentially being in more difficulty than we imagine.
The PL is cut throat and Top 4 is absolutely not guaranteed for any of the Top 6 or 8 teams. No Top 4 sucks at least £50M from the coffers, and that’s just the UEFA money. Throw in sponsorship clauses and it may well be double that ever year.
It doesn’t take many of those years to create a big hole in the financial projections you made when you signed X, Y and Z players to 5 year deals on £1M/month.
I think this year the club is walking a tightrope, because I think the game is changing under our feet. It is becoming faster and more physical at a time when our team is one of the least physical and often slowest build up teams in the League.
We are built for technical perfection and don’t enjoy the more physical side of the game. We are also a very small team, which is counter to the current trend.
Accordingly, we are trusting that Pep, and the exact same squad, (bar the obvious “one out, one in” exception) can push for the Premier League and Champions League. If not, the financial consequences are large at a time when ALL CLUBS desperately need the money.
The PL looks to be a 3 horse race right now, with 3 other clubs possibly staking a Top 4 claim.
In the CL, while I think we have enough on our day to hear anyone anywhere, even our Group isn’t a guaranteed 1st or 2nd place finish this season!
Txiki has definitely played a blinder since he arrived, but his skills are needed more than ever to sustain The Project!