Tom Hughes
Player Valuation: £15m
To be fair - we were running down as a big beast while we were winning the league and ECWC. We increasingly couldn't afford big signings and then Johnson took over and things got worse. Kenwright at least saved us from that charlatan and managed to preserve our hallowed top flight status, despite years of poverty, when we could easily have spent, lost money and failed like Leeds, Sheffield Weds, Bolton, Blackburn etc. Through those years we have kept at least one thing other clubs cant buy - all those years in the top flight. I put that dien to his values and tradition forcthe club and I'm grateful we still have that presence - even if it meant years without trophies - we are eventually in a position to build back up.
We were the prime-movers in the formation of the Premier League. Firmly amongst the biggest clubs in the league, with one of the largest stadiums and fanbases. We had only been crowned champions twice a few years before BK got on our board. So it is nonsense to say that we were in decline.
When all other clubs started to address their stadium issues following the Taylor Report, we did next to nothing and easily the least of all our rivals, and even the minnows throughout the entire league ladder.
Over the next few years, we were left behind in terms of infrastructure and resultant matchday incomes and commercial growth by several clubs. Johnson was effectively run out of town for doing a fraction of the damage that Kenwright would eventually do..... partly because he was formally a red. Kenwright was given grace by many simply because he claimed to be a blue and he manipulated that situation, ironically even paying for GFE to provide alternative stadium redevelopment plans behind Johnson's back, while publically supporting him.
Over a period of over 10yrs under BK our net spend was practically zero.... When football was first becoming flush with TV money, we were mysteriously paupers compared to most of our supposed peer group (most didn't have any sugar daddies then). Could it have perhaps been because our illustrious chairman somehow managed to acquire a shareholding that was several times greater than his entire listed personal wealth, first using one group of friends then scheming against them over the Kings Dock debacle, then paying them off using Philip Green (silently) and Robert Earl as a front, then eventually paying them off using the club's money and landing the club in an endless spiral of debt? A situation only resolved several years later, when he eventually found a Russian who fancied laundering his money via his accountant to amongst other things pay off our massive accrued debts of the previous almost 2 decades.
We lost Kings Dock entirely because of BK.... even when offered the opportunity to meet the club's relatively meagre financial commitment by one of his fellow board members.... he failed to step aside, and killed what the then Arsenal chairman described as the deal of the century. The missed opportunity cost of that decision was almost catastrophic. 20yrs of lost matchday income from a state of the art 55k multi-purpose stadium in the city centre.
Then, at the behest of his new pals he formulated the Kirkby debacle.... an entirely ill-conceived scheme, supported by further numerous lies.... exposed over several AGMs and ultimately during the well-documented public inquiry, where it was laughed out of town.
Of course Moyes kept the fairy tale alive for the whole period by repeatedly having to sell to buy and performing minor mirracles despite BK and his board, and certainly not because of them and their investment. The wolves were at the door almost throughout his tenure because we were a basket case and so poorly run for so long..... with almost every property asset sold or mortgaged. Trevor Birch took one look at our accounts and run as quickly as he could!
AGMs were stopped for the first time in our history because all of this nonsense was being questioned and they could no longer answer the shareholders. These included the infamous FSF/Samuelson episode (a now exposed rogue of some repute) and/or when the leader of the council questioned the club's assertions about planning permission requests, exposing more lies at a packed AGM. This historic shareholder forum was shutdown, reinstated then shutdown again.
So let's not be revisionist with our history.








