Well what is it ? something we are missing that simply makes no sense, let me explain.
We had Paul Lambert on Friday claiming that was no money to even sign a LOAN player. Please remember that a loan player is a short term fix and actually if they work (you know how much I hate them !!) quite cost effective. However it appears we were after a CB but could not afford the wages and I guess the loan fee.
I there ask a simple question
Is the BIG SECRET at Villa Park that the cashflow situation is abysmal ?
Well when the Annual report comes out by the end of this month it may give us a few clues but remember of course it will be a year out of date.
For a reminder for the financial report for 2012 (reporting 2010-11) wages were £80M on a turnover of £92M. Now that is clearly not sustainable. However sine then we have had two years of austerity at the club. The revenues are actually likely to have gone up a but wages as we speak are likely to be below £60m PA and falling. Then of course add in the predicted £30M from new TV money next year and where is the issue ?
It could be said that the club is right, maybe we will go down and so lets not take risks but that is not applicable for loans is it ?
Therefore you have to conclude one of these –
- Randy and/or the trust are refusing to put any more money in and there are cashflow issues
- Randy wants to sell and wont put money in
- Randy has no other personal cash available to him
- Unknown financial issues and not clear what of
Something does not add up and it feels like someone is holding back on us the real situation at Villa Park. They are under no obligation to disclose of course but the annual report due up will not tell us the story. It is possible to find out financial details of RAL US (who own RAL UK who own Villa) and details of the trust.
This should be something the local press should be looking into, Lambert has opened the door to that question by claiming no more money. Will the press actually push the door open and question it all ?
May be a while …