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Striking the right balance: a story of squads, risk management and Swans (no, not those from Wales)

2nd August 2016 By Stewart Lewis 8 Comments

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Knowing the cultural sophistication of MFW readers, I’m sure many of you will be familiar with the story of Swan Lake.

Walking in the woods, the Prince comes across a group of swans and – as you do – falls in love with the pure white swan/girl Odette.  Outraged at this challenge to his authority, the swans’ controller takes action. At the palace, he gatecrashes the Prince’s party with his daughter, the lookalike black swan Odile.

Odile dances seductively before the Prince.  Believing her to be Odette, the Prince is lured into declaring his love and eternal commitment to her.  At that moment the deception is revealed, setting in train the inevitable tragic denouement.

Some fundamental psychological truths here, of course (not least, that a woman in a skimpy black outfit can be in a strong negotiating position) but what’s it got to do with football, and in particular the issues facing Norwich City?

It’s all about temptation. Look at the reward if we just go a little further; make a little extra commitment without asking too many questions…

Here’s where we have to try to get to grips with balance. The mantra of the Neil Doncaster era “prudence with ambition” is widely discredited among City fans, on the basis – fairly or unfairly – that in practice it was more prudence than ambition.

Football is littered with examples, from Leeds and Portsmouth to Bolton and QPR, of clubs over-stretching and setting themselves back years. Because many of our fans seem oblivious to those dangers, some of us are tempted to keep reminding them. We sound, I know, like spoilsports who’ll settle for less than the best for Norwich.

It’s important to acknowledge that too much caution is a fault, just like too little. “Nothing ventured, nothing gained” has some truth, though it’s equally true that reckless venturing – much as it’ll be applauded by fans at the time – is a path to disaster.

Everyone should be aware of the Leeds story. In 1998-2001 they were on a high, finishing every year in the top five and reaching European semi-finals. At that point they took on large loans against future TV and sponsorship income from the Champions League.  Except that they failed to qualify; the income didn’t materialize, the club’s finances collapsed, players were sold, they were relegated from the Premier League in 2004 and haven’t returned since.

Despite being a much ‘smaller’ club, Norwich remain far better placed than Leeds and more likely to be promoted this season.

Painful as it is, let’s take a quick look back at last summer before coming up-to-date. City fans filled the message boards with “We’ve now got £120m – let’s spend it”.  Well, we didn’t have £120m – that’s paid in tranches over three years, and much of our first tranche was already committed to paying promotion bonuses and deferred wages.

Of course though we should have spent more last summer than we did.  If we’d landed a quality central defender, we might well be now looking at a fixture list of Arsenal and Man United rather than Rotherham and Burton.

I’m not privy to exactly what happened, beyond that we did submit big bids and were prepared to borrow from the bank to fund them. But were the targets realistic, and were we really committed to spending large amounts?  I can’t answer that; the bottom line is that we didn’t strengthen as we should have done.

Some fans remain astonishingly naïve. I’ve seen on City forums that we now shouldn’t sell any of our players, while shelling out on new acquisitions in all areas. “I’ll settle for McCormack, Assombalonga, Pritchard and Caulker” said one, clearly thinking it was a reasonable proposition and apparently oblivious to our income having just dropped by 60 per cent.

Yet the other extreme would be miserable and defeatist.  If we can do it in a way that’s short of reckless, the huge riches on offer for Premier League clubs under the new TV deal clearly warrant pushing the boat out. Risk management is about management, but it’s also about taking risk.

If you have a strong squad going into the Championship season with just the exception of a second proven goalscorer, then it makes sense to pay the going rate to get one.

Unlike most other Championship clubs, City can be in a position to buy a McCormack or Assombalonga.  That’s because our club is well enough managed for the parachute payments to help (unlike say QPR, where all they do is marginally lighten the debt load), because of automatic wage reductions, and because we have assets we can choose to sell.  Redmond and Brady can be the Fer and Snodgrass of two years ago.

So, take your pick as to what constitutes risk.  A Woody Allen film of a few years ago featured a split-screen of a couple’s discussions with their therapist.  One is saying “we have constant sex  – about three times a week” while the other’s saying “we hardly ever have sex – about three times a week”.

One man’s Odette is another man’s Odile.


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Filed Under: Column, Stewart Lewis

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Comments

  1. Gordon says

    2nd August 2016 at 10:57 am

    Like it or not Norwich City fans have to realise that we are always going to be a club that walks a tightrope balanced between stability & mediocrity. If we have a purple patch, it never lasts for long as the vultures inevitably pick off the best players (or managers). Conversely, if we hit the skids, we usually have the resources to re-build and fight our way back up the ladder (at least a rung or two). Twas always thus. So enjoy the ladders and don’t fret too much about the snakes.

    Reply
  2. Don Harold says

    2nd August 2016 at 1:18 pm

    I agree with Gordon (1). It’s only a few years since the club came within a gnat’s whisker of folding completely so we must ensure we are never in that position again.

    Perhaps we need new investment into the club but we are unlikely to find anyone willing to put big money in just for the love of NCFC so any new investment carries the risk of of turning us into one of those bucket case clubs (this scenario seems to be far more common than the success stories like Leicester).

    I’d love to see McCormack on Saturday, but I have to trust that the board are acting with integrity and not putting the existence of the club at risk. Some would say this lacks ambition, but surely ambitions can only be achieved if the club actually exists.

    Reply
  3. Tony Brown says

    2nd August 2016 at 3:12 pm

    As others have said McCormack would be a terrible fit for Norwich. He’ll score goals in the right setup, but it seems clear that Neil intends to use the flanks as our main method of going forward and that doesn’t suit McCormack. How many times did he score with his head last year? None that I remember though happy to be corrected.

    Reply
  4. Chris says

    2nd August 2016 at 7:15 pm

    There are many clubs that have flourished under investment and are now punching above their weight. Looking upwards at the likes of Bournemouth is proof of that. The championship is now filling with ambitious clubs with new money, outspending us comfortably. With our large support we deserve better than to play second fiddle to clubs with a fraction of our home gate. It simply isn’t good enough to point to poor owners as a reason for non competitiveness without accepting that as the problem. By standing still we are going backwards and will continue to do so.

    Reply
  5. Cityfan says

    3rd August 2016 at 11:43 am

    Not sure how gaining successive promotions and having four out of five seasons in the PL is standing still but there is a lack of solid progression. We have come a long way from the edge of nowhere and there needs to be a bit of patience while we establish ourselves again. Neither relegation has been an unmitigated disaster – more a lack of competitive edge when it really mattered. To do a WBA – yoyo for a few years – and be one of the top 22 teams in English football should be our first priority and that is what we currently are and have been now for 6 years. After this promotion we need to have ambitions for being top 15 – not just surviving – and approach every game as such. One of Hughton’s biggest failings was going to newly promoted sides like Hull and letting them dictate games, whereas we should have been saying ‘we’re a mid table premier team, have some of this’. I hope Alex Neil can do this but I do wonder if a more experienced manager – very experienced – is what the club needs right now to get us there. I’ll support AN all the way though.

    Reply
  6. Dave B says

    3rd August 2016 at 12:59 pm

    When McNally walked in the door he laid out a five year plan that was incredibly ambitious. Climb two divisions into the Prem, stay there for multiple seasons, and get ourselves out of debt.

    We brought in a true leader (Lambert) and steadily improved our squad until we had achieved this lofty goal. Despite all odds against stacked against us.

    We were ambitious AND successful.

    Somewhere along the line ambition has become a dirty word. With people bizarrely suggesting that it would be overly ambitious to set the bar at a level we had ourselves already reached, just a few seasons ago. Very strange.

    Reply
  7. John says

    3rd August 2016 at 1:26 pm

    Regarding Chris’s comment, how good would it be if gate receipts alone were sufficient to run a club of City’s size?? McNally reckoned some years ago that we would need 35,000 to break even so we’re still some way short of that. Unless we can attract a (very) rich sugar-daddy like Bournemouth and now Villa, I feel we are destined to be a yo-yo club who need a season or two in the Prem just to keep on an even keel

    Reply
  8. Cannock Canary says

    3rd August 2016 at 10:13 pm

    “Don’t fret too much about the snakes”

    A real shame there are just far too many of these slippery fellas poisoning the beautiful game

    Reply

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