Ken Hakuta- Lack of money is no obstacle. Lack of an idea is an obstacle.
Debt. It’s a dirty word. Something we don’t like to air in public. Fact is, we all have a debt burden whether we like it or not. Bank loans, credit cards, mortgages, student loans , bills . Even the banks are indebted to someone else.
There’s only one way to tackle debt, face it head on. Cut your cloth accordingly. Let it lie , you only accumulate more debt. Interest payments, Late payment fines, admin costs. They soon tot up.
Thursday nights EGM and the size of our clubs debt will have shocked many members. There will be anger and in many instances accusations, talk about mismanagement, pointing of fingers. Whose to blame? All natural reactions. In reality , we’re all to blame. Football has never been run like any other business. It’s not about spreadsheets. It’s about League tables. It’s not about the balancing of the books , it’s about the balance of the team. Win at all cost, never mind the cost.
The people who run our football club, they’re not hard nosed business men . they’re supporters like you and me. Chasing the same dreams that we do. We all crave success. Attaining it usually comes at a cost.
The most annoying thing about the whole situation , is that, we had an agreed payment plan with the most pressing of our debtors, the Inland Revenue. In reality , it was a good deal too. Yet we reneged on it. I know we chased the dream of a domestic license and Premier league football. These things didn’t come cheap. They were prioritised. As fans , would we have had it any differently? Could we have accepted life outside of the top flight? All sorts of accusations would have been thrown at them if they had sat on their hands and allowed this to happen. They were caught in a catch 22 situation.
The Taxman is not to be messed with. Just look at the mess Portsmouth FC are in. When he gets his claws into you, you have to be prepared for a fair amount of pain. We are just going to have to accept that a lot of unpopular, but ultimately necessary actions are going to have to be taken to get us out of this mess.
I’ve seen the go forward business plan of the finance committee, in some depth. If they come off , the short term pain can be turned round to long term gain. It’ll be important that we as supporters do our part and continue to support the team on the pitch, and support the efforts of those tasked to sort our ongoing problems off it. It could be a long hard road ahead , see you at the end of it.
Keep the faith