...

1) It's reasonable to gamble on known income if you have the cash to support it, which, at the time, we did. Whether this has continued, we don't know.
2) I think there were contingency plans in place. But they didn't account for relegation at the time of a global recession. Which isn't that an unreasonable assumption. Wrong, but not unreasonable.
3) Some of what is being shown here is the difference between having a proper businessman in charge and a converted corporate lawyer. Contrast and compare:

Law degree
4 years as a solicitor
2 years as company secretary
2 years as ops manager
then chief executive

MBA from UK's best b-school
4 years head of sales and marketing at massive club
4 years CEO at Premiership club

Posted By: Johnny Comecardiff on August 12th 2009 at 11:53:27

Message Thread

Break even on the crowd at FCR (NCFC) - John in Texas, Aug 12, 11:07:38
- Did she really say (NCFC) - jayson blair, Aug 12, 11:40:14
  - ?5.2m net ticket income? Where'd you get that? (n/m) (NCFC) - sheffieldcanary, Aug 12, 11:48:35
    - From the Donster (NCFC) - jayson blair, Aug 12, 12:05:55
      - There's no way that's net! that gross chum, ?5.06m by your numbers. (NCFC) - sheffieldcanary, Aug 12, 13:19:00
        
        The chart specifically said net (NCFC) - jayson blair, Aug 12, 14:11:46
  - not enough for *this* league 1 squad. (n/m) (NCFC) - camcan, Aug 12, 11:41:16
    - then she has two choices (NCFC) - jayson blair, Aug 12, 12:01:26
      - TROLL (n/m) (NCFC) - sheffieldcanary, Aug 12, 12:03:27
- BECAUSE THEY PAY TOO MUCH IN WAGES (NCFC) - jayson blair, Aug 12, 11:23:00
  - at least we seem to have cut down a bit on expenses (NCFC) - camcan, Aug 12, 11:37:56
  - yeah, Mavis the tea-lady opught to take a pay-cut, the evil bitch! (n/m) (NCFC) - Cheltenham_Canary, Aug 12, 11:28:16
    - Mavis? (n/m) (NCFC) - pants, Aug 12, 11:28:50
      - or was it ethel on the take? fucking ?2.90 an hour, the greedy bitch! (n/m) (NCFC) - Cheltenham_Canary, Aug 12, 11:31:26
- If our gate receipts are not enough from 25,000 (NCFC) - duke of york, Aug 12, 11:08:45
  - It's worked for 13 years (n/m) (NCFC) - pants, Aug 12, 11:17:53
    - That FB fail is a classic. Very dry response from the gay manager. (n/m) (NCFC) - Snakey, Aug 12, 11:18:52
      - Almost as good as this... (NCFC) - sheffieldcanary, Aug 12, 11:43:42
  - Depends on debt and interest payments etc. If Hucks had been allowed a send off then (NCFC) - Snakey, Aug 12, 11:14:47
  - probably due to the securitisation deal and the fact we have to may the lender on (NCFC) - lovely old job, Aug 12, 11:13:15
    - Oh yes, forgot about that (NCFC) - duke of york, Aug 12, 11:21:02
      - It seems clear to me from McNally's comments (NCFC) - camcan, Aug 12, 11:31:08
        
        I don't know of any company that budgets according to worst case scenario, (NCFC) - Johnny Comecardiff, Aug 12, 11:35:50
        
        Okay not worst case scenario (NCFC) - camcan, Aug 12, 11:40:12
        
        ... (NCFC) - Johnny Comecardiff, Aug 12, 11:53:27
        
        exactly (NCFC) - camcan, Aug 12, 12:03:20
        
        DOOMcaster's fault that weren't it? D&MWJ naively trusting their Cheif Exec's decisions. (NCFC) - sheffieldcanary, Aug 12, 11:42:35
        
        who knows (NCFC) - camcan, Aug 12, 11:45:35
        
        Think that's why McNally made such a point about promotion. (n/m) (NCFC) - sheffieldcanary, Aug 12, 11:53:00
        
        promotion or bust (NCFC) - camcan, Aug 12, 12:01:09
        
        Promotion or PLAN B. (n/m) (NCFC) - sheffieldcanary, Aug 12, 12:03:45
        
        Contingency plans for worst case innit. I think they're working to that now aren't they? (NCFC) - sheffieldcanary, Aug 12, 11:37:18
    - Sounds about right. I think there's a bit of a flaw in both the statement from Deila... (NCFC) - sheffieldcanary, Aug 12, 11:17:54
  - Cos they don't have restaurants to run (n/m) (NCFC) - Steve in Holland, Aug 12, 11:10:43

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