Quote:
Originally Posted by GirlySports
I heard a strategy employed by Stoke City that a team should only spend half of it's new money when promoted. That way if things go wrong like injuries or bad results then when relegated the team doesn't fall apart when players who are under non-relegation contracts.
I was listening to a show and at the time Stoke got 30 million dollars for it's first promotion to the EPL (3? years ago). They get a 15 million payment in august and the other 15 in December.
The owner while interviewed said he only planned to spend 10 million or it and try to survive in the EPL. If relegated he would then burn the other 20 million to retain players, get new players and get back up. But they never got relegated so now they're loaded!
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Yeah, clubs like that need a solid business plan for survival in the EPL. Portsmouth, Hull and the like got into massive problems by overspending to stay up. Even at the time no one could quite understand how Uncle Harry could afford to bring in Crouch, James, Defoe, Campbell, etc when he was in charge there. Those guys commanded substantial wages and Portsmouth had to pay them. While they got an FA Cup out of it, they still went into administration and may not recover from it.
Stoke will be smart to try and survive for a year or two then make some significant changes when they can afford to do so.