Ghost, I don't have a problem with people complaining about the club. But I do have a problem when people imply that they love it more than others, they know more than others, that their opinions are worth more than others. But you're right, it shouldn't be personal so back on topic:
- the western economy is going to [Poor language removed]
- anyone whose credit is overextended is in a world of hurt
- football clubs generally have credit problems
- EFC in particular have mortgaged whatever they could to get to the achievements of the past few years
- banks are in deep trouble themselves and having to correct their own books
- "investors" in football clubs generally buy on credit (see Americans)
- unless they are cash-rich which usually means dubious business practices (see Russians and Thai)
- having got themselves to a globally visible state (see #4), EFC must attract investment
- investors look for a return on their investment (income or prestige)
- income is based on club receipts and TV money
- TV money is based on advertising, which is even more [Poor language removed] than the general economy and is forecast to be that way for the next few years
- club receipts can be increased by a) selling players b ) increasing other turnover (namely a new ground)
- a new ground requires investment (especially if it is not partially funded from other sources)
- earmarking potential ground investment funds takes away from other potential expenditure and/or investments (transfers, for example, although our current transfers are more expenditure than investment)
BK - I think he's between a rock and a hard place. There are currently no potential investors on stream to the extent that would be needed to bail out the club or make the kind of investment which would start producing more income for the club. Saying "BK out" is like wishing you could win the Lotto - it's a fairytale dream, where the prince comes riding in to save the damsel in distress (that's you, by the way). Generally I think he's an idiot, to be honest, and I didn't have much respect for him before this summer, but he's our idiot and I would rather have him than have him walk with no other sensible option in place or with the option of a Ridsdale or Shinawatra or American buying us with our own debt. And, to be fair to him, this summer what was he supposed to say? "We haven't got a pot to piss in" and frighten off most transfers (which possibly happened anyway) or to say "We have a budget of $X as long as it is structured in a Y way", which would have alerted every club about our negotiating position.
DM - he's not a stupid man. I think he sees what has happened and it's part of the reason he's still here and still making encouraging but confusing noises about the club. I think he's incredibly frustrated and he's reacted on occasion in a childish manner. (And I think he's used up some credit with the fans by doing so, look for the TW boo-boys from three years ago to be back in force). He could walk, he could stay. (Again, personally, I think he brought in Round for grooming anyway.)
Finally, can we accept that we are all pissed off about the same things and have different opinions and that not everyone who disagrees with us is a know-nothing knobhead? Especially in the next 48 hours?