Date: 16th February 2010 at 1:31pm
Written by:

You would think that YEARS of lavish spending and massively inflated wages to go with this, all of which has taken us to the brink of financial collapse would have taught us something, right?

Evidently not…

According to Mick McCarthy and Phil Brown, at Wolves and Hull respectively, it was our ‘excessive’ wage payments that saw us sign 2-3 players over these clubs last summer, as we ‘blew them out of the water’ with our offers.

Several years of the outgoings getting nowhere near to the incomings on a monthly basis is eventually going to end in tears, and it still could for us.

Cutting these outgoings was something that was needed, yet even now – despite cutting the wage bill dramatically – it still seems that the income is barely, if it is at all, covering the expenditure, and people wonder why we are so close to collapse…

It is hard to have sympathy for an organisation that, even in the face of financial crisis, would continue to negotiate deals beyond their means, and that seems to be what we were doing in a frantic August 2009?

The most worrying thing of all (assuming we survive as ‘seems’ could well be the case now with a ‘saviour’ riding to the rescue) is that the man that had been doing these deals over the years, Peter Storrie, and was doing the deals last summer, even in the face of the financial crisis, is ‘likely’ to continue to do these deals in the years that ‘could’ lay ahead, which could well leave us with an eerie feeling of déjà vu down the line…

PLAY UP POMPEY!


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