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Posted

I know we'd never get an answer but if love to know how low he'd be willing to take us before he called it quits. That's the scary bit for me, for now I can just detach myself as much as possible until he sells up but it's not knowing what's going to be left when he eventually does

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Posted
22 hours ago, Vestan Pance said:

I think it's quite ironic that the PSR rules were brought in to stop clubs going bust, they didn't reckon on the stupidity of Leicester City. The PSR rules in our case will be the thing that has fed our administration, because stupidly Top would have kept piling his own money in without the regulations.

 

I'm not saying our demise is the fault of PSR, far from it, but the rules don't account for terrible owners and directors like ours, and have sped up our inevitable fall.

You’re spot on with that. PSR was brought in to prevent billionaires taking the likes of Cheltenham Town to the Champions League. What it didn’t really care about was the so called “fit and proper” test or reckless, naive or poorly advised owners spaffing multi millions on dreams. See Chansiri and Kuhn Top together running clubs they believed they “owned” into the cliffs. 

 

I’’m not an advocate of overly interfering control around businesses but even we supporters were questioning the multiple millions being wasted on player and manager contracts. One off checks at buy time are not enough it seems. 

Posted
On 15/02/2026 at 03:31, FoxFossil said:

If Sunderland guy is right, dramatic cost savings needed asap to save club from going bankrupt in 18 months.

Step 1. Moth ball Seagrave immediately, reduce staff, and return to Belvoir Drive. Saving c£10m-£15m. This also sends a wake up call to players.

Step 2. Shut down womens team. Really bad but this is where we are. Saving c£3m - £5m

Step 3. Slash remaining staff including Rudkin. Saving c£2m.

Total savings against running costs c£20m/ yr

in addition to reduction in high wages.

Step 4. Sell Fatawa £15m, Monga £10m, Anyone else £5m. Total to pay towards cutting loans £30m not running costs, hence reduced interest payment which were based on income streams now gone.

Step 5. Anyother bright ideas?

All the above before league 1 campaign begins, in hope of making club a going concern and mildly attractive to buyers.

And if we survive? Hypothetically of course.

We survive, and I can see them keeping Seagrave Hotel open, Rudkin staying in a job, with prized assets still being sold (can forget about signing JJ).

Don't think shutting down the womens' team would go down very well but when has that stopped them before?

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