Mufc 1988, if as you say, you study the financial side of things, think about this.
I'm not denying that manyoo is a large, global player in the market. That can be a detriment as much as it can be an advantage. Things happen quickly and decisively when there is a lot of money at stake. When the glazers started buying up shares, they hit a certain percentage, meaning that they had to launch an official takeover. There is a tipping point in matters like this, whether buying or selling.
If your club continue with the mediocrity currently being displayed, they're appeal as an investment becomes less and less attractive. Combine this with throwing good money after bad pushes you closer to the downward tipping point.
Look how quickly the chain of events occurred with the recent credit crunch. One major outfit in America got cold feet and decided to call on its debts and the knock on effects were catastrophic. Once a few significant investors in your club decide that they'd rather put their money elsewhere, the whole pack of cards will fall.
That's how perilous your situation is.
If you don't appoint the right man next, I believe you'll reach your tipping point.
Yes we can't afford to be mid-table any longer. Which is why I think LVG should go only when 3rd is mathematically impossible.
Transfers will always be a crapshoot. Who would have guessed that Di Maria would play so bad? Who would have guessed Robinho would be a terrible player for City?
The safest thing to do is to invest in under-23 players. If they make it then good, if not the transfer fees required to cover up losses will be lower.
I don't think your views on 'calling' debt during the credit crisis is fully accurate.
My understanding is that some investors were concerned (rightfully) about the sustainability of receiving cash flows from Collateralized Debt Obligations. The ratings agencies acted in collaboration with banks to underplay the risks associated with certain debts. That's when stocks were sold, housing market collapsed, payments on those debts vanished and everything came tumbling.
It was NOT the banks that called in money, it was a very high number of common people who started extracting money from the banks because they were afraid of their savings dissappearing.
That's what further destroyed some of these banks.
Our situation is not perilous because we have to pay our loans according to a schedule. Banks can't call-in money unless there is a pre-agreement ( I am not aware of any!).
Banks make money off charging interest. In fact there is a penalty for early-repayment of loans because more outstanding debt means more interest to be payed.