The Big Shrimp
Zone Photographer
- Joined
- Aug 26, 2006
- Messages
- 5,758
Two years before this was on the cards the economy was booming. Two years after and the economy is seeing a recession that worse than the great depression. Not even RM can wriggle around the banking system totally collapsing. I think that actually, he has done wonders to keep us where we are - when the club is a loss making business - in a recession - and when debt is unavaible. It is a quite an achievment. Let's face it, the majority of club's in our situation over the past six months would have gone into administratoin. If it wasn't for RM, we would have followed the same path, and I think that is commendable.
TefRon was spending stupid money that he could not justify, especially when you look at the accounts of SUFC, SEL or RHL. It was all relying on other issues e.g. planning permission being granted & all the problems that held it up.
Ron would have had to had guarantees in place to secure loans or monies spent. If we went into Administration, he would have to part with his own cash!
Regardless of who is right or wrong, we have to get behind him & support the club. I hated having to type that last sentence, but its what is best for the club that will hopefully still be here long after we're all worm food!
UTB!