The problem is

that the board's policy is to give the manager his whole budget and let him spend it as he sees fit. I think that is a flawed policy but it might work if the manager had even a basic grasp of economics - but he doesn't. As we saw at the start of last season he has no idea at all of the concept of "opportunity cost". So having blown a fortune I think he genuinely doesn't see why there is very little to spend now. Obviously the way the debt is repaid, and the failure to have the new replica shirts to sell have severely restrained cashflow, but the fact is that the board have given the manager huge financial backing and have in no way restricted how he spends it.
If Worthington now wants a new right back (for instance) then it seems reasonable to expect him to sell one or both of the ones he acquired last summer. And if, as I suspect, neither f them has any value in the transfer market - well whose fault is that?

Posted By: Josef K on July 21st 2006 at 09:21:29


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