Author Topic: January  (Read 2626 times)

Offline MikeW

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January
« on: December 03, 2017, 06:41:47 PM »
So how much can we spend in January?  Our FOF colleague Twig reminds us frequently that with the sales we made, the purchases column in the accounts book for this season is effectively at zero.

Assuming the Chairman is prepared to invest (spend!) is there a ceiling under FFP? Enlighten me please.

Offline Fulham76

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Re: January
« Reply #1 on: December 03, 2017, 06:57:40 PM »
So how much can we spend in January?  Our FOF colleague Twig reminds us frequently that with the sales we made, the purchases column in the accounts book for this season is effectively at zero.

Assuming the Chairman is prepared to invest (spend!) is there a ceiling under FFP? Enlighten me please.

I don’t know the answer to your FFP question but Khan has had plenty of transfer windows to spend & really get behind his ‘stop at nothing until we’re back in the prem’ promise but unfortunately he doesn’t follow through on his promises. Therefore, I think the risk of overspending & breaking the FFP rules really is something we don’t need to worry about.

Offline davew

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Re: January
« Reply #2 on: December 03, 2017, 07:37:42 PM »
I am just as worried about future years when we have to take into account some hefty losses getting rid of some of the players we signed in the last window and won't be worth anywhere near what we paid for them!


Offline Newry FFC

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Re: January
« Reply #3 on: December 03, 2017, 07:43:56 PM »
Has Khan repeated this "stop at nothing " quote? I've seen this thrown around a few times to justify complaining at lack of expenditure, but is this his present view and stance?

It's like fans complaining that we still aren't the Man United  of the South!

Offline Fulham76

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Re: January
« Reply #4 on: December 03, 2017, 08:01:47 PM »
Has Khan repeated this "stop at nothing " quote? I've seen this thrown around a few times to justify complaining at lack of expenditure, but is this his present view and stance?

It's like fans complaining that we still aren't the Man United  of the South!

Not quite! Al Fayed’s comment was c. 20 years ago & he really tried to follow through. Khans comment just 1 or 2 years ago, (I can’t remember what drumming up season ticket’s year it was).

And I’ve no idea what his current stance is as he doesn’t really speak to Fulham fans.

« Last Edit: December 03, 2017, 08:32:09 PM by Fulham76 »

Offline Fernhurst

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Re: January
« Reply #5 on: December 03, 2017, 08:06:18 PM »
Was thinking about this recently. Last time we gained promotion we had a majority of Premiership players in our squad and swept all before us.
Wolves appear to be doing just whats needed with fabulous players and internationally renowned coach.
15 million on one player may seem excessive but Wolves will definitely have access to the 100 million pounds available next season.

Can we / would we invest heavily enough to obtain the promised land?
It does worry me,however, how our major buys (over 10 million) have all been pretty disappointing. Ruiz debut stands out for me, Jol stated we had purchased  the best player in Holland and I was thinking Berkamp standard but watching him lose the ball so often my fears were never reversed by his appearances in our shirt. Would like to add was always grateful for Kit getting him back from his loan spell and he did help us out of the mire.

My view is this season is definitely not the season to invest in January.
Like our previous promotion we need an explosive start and an “add to” in January.
Maybe next season we get the explosive start.


Offline YankeeJim

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Re: January
« Reply #6 on: December 03, 2017, 09:06:25 PM »
Don't understand this constant drumbeat of "Khan needs to spend." He has spent tons on 4 different strikers, none of which excelled and two of which were disasters. Fault the man for being naive but lack of spending? Its just shows an utter lack of knowledge about the clubs transactions.

Offline MikeW

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Re: January
« Reply #7 on: December 03, 2017, 09:38:05 PM »
Jim, calm down.  My observation was based on the fact that what he has spent it has mostly been unwisely and - as has been pointed out - last summers outgoings have been recouped.  He is not (seemingly) in control of the cheque book although I grant you, it's his money.

He is ill advised and I'm simply asking if any money made available for Jan will break these cursed spending rules for this season.  As I read it, they won't because we have a (effectively) zero spend. Again, some enlightenment please.

Offline The Old Count

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Re: January
« Reply #8 on: December 03, 2017, 09:47:03 PM »
Don't understand this constant drumbeat of "Khan needs to spend." He has spent tons on 4 different strikers, none of which excelled and two of which were disasters. Fault the man for being naive but lack of spending? Its just shows an utter lack of knowledge about the clubs transactions.

There's been no lack of sales of players too.  The club's net spending hasn't been that spectacular.


Offline hovewhite

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Re: January
« Reply #9 on: December 03, 2017, 09:49:04 PM »
Piontless spending the way we spend on transfers the whole system stinks!

Offline Fulham76

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Re: January
« Reply #10 on: December 03, 2017, 09:52:19 PM »
Piontless spending the way we spend on transfers the whole system stinks!

Yeah, got to agree. It could be argued either way - he does spend, he doesn’t spend but the key thing with Fulham is, we do it the wrong way. This stats based system is ridiculous & doesn’t work.

Offline YankeeJim

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Re: January
« Reply #11 on: December 04, 2017, 01:39:05 AM »
Jim, calm down.  My observation was based on the fact that what he has spent it has mostly been unwisely and - as has been pointed out - last summers outgoings have been recouped.  He is not (seemingly) in control of the cheque book although I grant you, it's his money.

He is ill advised and I'm simply asking if any money made available for Jan will break these cursed spending rules for this season.  As I read it, they won't because we have a (effectively) zero spend. Again, some enlightenment please.

Are we forgetting the spending rules? Seems we did previously and were penalized for it. Would you be happy if we had spent extravagantly and were in the red at this point? We are in a solid financial position which, to me, means we are not going to be relegated because we are able to  keep buying 10 million pound strikers. Mitroglou, McCormick, Martin & Fonte. Maybe the next one will be worth it. Even a blind squirrel finds an acorn now and then.
Khan kept Mo's management team and they did a horrible job. Guess that shows the brilliance of Mo. Khan then went out and "depowered" Ali Mack and in comes Felix, then Kline and Tony. I'm back to the blind squirrel analogy. 
Khan was a dirt poor Pakistani immigrant who through his intelligence and shrewdness became a multi billionaire. He turned around the Jags which have always been losers and he will turn FFC around as well (I hope). 


Online FulhamStu

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Re: January
« Reply #12 on: December 04, 2017, 07:58:20 AM »
Then whatever it costs quote was made once about 4 years ago, maintaining the club as self sufficient has been made on numerous occasions.  The word used is sustainability.

Khan does need to spend, but spend wisely.  He has done that with players like Cairney, Fred, KMac, StefJo and others and spent badly on Fonte, Cisse and others as well.  This is what happens at all clubs.   Our problem is that the squad became unbalanced this summer with too many wingers and no real strengthening to the spine of the team.  This is particularly poor because just about every bugger knew what was required and still is.

Offline MJG

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Re: January
« Reply #13 on: December 04, 2017, 08:31:43 AM »
Then whatever it costs quote was made once about 4 years ago, maintaining the club as self sufficient has been made on numerous occasions.  The word used is sustainability.

Khan does need to spend, but spend wisely.  He has done that with players like Cairney, Fred, KMac, StefJo and others and spent badly on Fonte, Cisse and others as well.  This is what happens at all clubs.   Our problem is that the squad became unbalanced this summer with too many wingers and no real strengthening to the spine of the team.  This is particularly poor because just about every bugger knew what was required and still is.
Beat me to it Stuart. It was actually in May 2014 just as we got relegated. I do believe he was, as in many things, quite naive to say that and didn't understand the true cost of relegation. In such we had to make cost cutting of the wages and shifting on many players. We failed FFP that season anyway and didnt do it enough.
So he could have gone down the QPR way of spending and not worrying about it, and we didn't.
But like many quotes from people this one has stuck around and comes back to haunt him. Although in truth he properly doesn't recall writing it.

Offline Statto

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Re: January
« Reply #14 on: December 04, 2017, 08:46:25 AM »
Khan kept Mo's management team and they did a horrible job

... 

Khan was a dirt poor Pakistani immigrant who through his intelligence and shrewdness became a multi billionaire. He turned around the Jags which have always been losers and he will turn FFC around as well (I hope). 

When Khan took over, the following people left the board without being replaced

Dennis Turner - Fulham fan, Chief Economist for HSBC, director since 2009
Mark Collins - Fulham fan, property specialist, on board since 2001
Omar Fayed - MAF's son
Karim Fayed - MAF's son
Michael Cole - PR man (ex-Harrods director of public affairs)


As to Khan's background, I want to agree with you, but in my (admittedly limited) experience most self-made millionaires achieved that status through (in descending order of importance) being in the right place at the right time, working hard, and having a strong knowledge of the particular industrial niche in which they made their fortune (in Khan's case car bumpers). None of those are useful/relevant to Khan's ownership of Fulham.   


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Re: January
« Reply #15 on: December 04, 2017, 10:44:35 AM »
Seasons done. We're so far off playoffs now that significant transfers would be mainly to allow Slav to build a decent squad for next season (if hes here). Its so disappointing, but amazing to think, Fulhams greatest accolade is taking all absolute potentials and royally f**king it up. In a championship season with the likes of Cairney, McDonald and Sess, and by December after 20 games we're 15th on 26 points when the season objective was 2nd is unbelievable. Woeful, absolutely woeful.

Online Count Flapula

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Re: January
« Reply #16 on: December 04, 2017, 12:32:45 PM »
Our problem is that the squad became unbalanced this summer with too many wingers and no real strengthening to the spine of the team.  This is particularly poor because just about every bugger knew what was required and still is.

Including Jokanovic.

Offline YankeeJim

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Re: January
« Reply #17 on: December 04, 2017, 05:30:28 PM »
Khan kept Mo's management team and they did a horrible job

... 

Khan was a dirt poor Pakistani immigrant who through his intelligence and shrewdness became a multi billionaire. He turned around the Jags which have always been losers and he will turn FFC around as well (I hope). 

When Khan took over, the following people left the board without being replaced

Dennis Turner - Fulham fan, Chief Economist for HSBC, director since 2009
Mark Collins - Fulham fan, property specialist, on board since 2001
Omar Fayed - MAF's son
Karim Fayed - MAF's son
Michael Cole - PR man (ex-Harrods director of public affairs)


As to Khan's background, I want to agree with you, but in my (admittedly limited) experience most self-made millionaires achieved that status through (in descending order of importance) being in the right place at the right time, working hard, and having a strong knowledge of the particular industrial niche in which they made their fortune (in Khan's case car bumpers). None of those are useful/relevant to Khan's ownership of Fulham.

So, to become a billionaire means being lucky? That might explain why you and I aren't billionaires. This is nonsense. Being in the right place at the right time can be luck. For example Fonte scoring. The difference between luck and skill is that Fonte has ceased scoring and Khan continues to make money. Mo's money, property and PR men ran the football side of FFC? I think not.
Running a multi billion dollar business requires a lot more ability than the bumper business. I know a lot about bumpers, having spent most of my life in some aspect of automotive repair business but I'm no where near  a billionaire. By your analogy, Mo's expertise in retail shouldn't have aided him in running FFC. Cream rises to the top. Be it bumpers or retail sales and hopefully history will repeat itself when it comes to football.

Offline Statto

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Re: January
« Reply #18 on: December 04, 2017, 09:20:20 PM »
So, to become a billionaire means being lucky? That might explain why you and I aren't billionaires. This is nonsense. Being in the right place at the right time can be luck. For example Fonte scoring. The difference between luck and skill is that Fonte has ceased scoring and Khan continues to make money. Mo's money, property and PR men ran the football side of FFC? I think not.
Running a multi billion dollar business requires a lot more ability than the bumper business. I know a lot about bumpers, having spent most of my life in some aspect of automotive repair business but I'm no where near  a billionaire. By your analogy, Mo's expertise in retail shouldn't have aided him in running FFC. Cream rises to the top. Be it bumpers or retail sales and hopefully history will repeat itself when it comes to football.

That's your view, certainly isn't mine, but you're entitled to it. All I'll say is it sounds awfully depressing to me to suggest the massive gap between your and Khan's respective success levels is down to an equally massive gap in your inherent personal abilities. If that's how you feel about yourself, so be it.

Khan had some success in the past, most of it in the 1980s probably, but these days does he even outperform the S&P500 year-on-year?

The whole point I'm making is MAF had extra people to whom he delegated running the club, rather than a naive belief that success in fashion retail/car bumpers qualified him as a football chairman.   

As to "cream" rising to the top, we'll see. Khan's record at Fulham thus far suggests he's far from the "cream" of football chairmen, more like the scum or sediment that sinks to the bottom.... which rather reinforces my view that he has no useful talent outside the car bumper sector.
« Last Edit: December 04, 2017, 09:58:24 PM by Statto »

Offline filham

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Re: January
« Reply #19 on: December 04, 2017, 09:41:50 PM »
You know looking at our summer buying and selling I think there is plenty of room for us to improve in the winter window and still be a failure.
( Sorry just can't get over the Brentford game)