What has become abundantly clear over the last few weeks – if it wasn’t already – is that even for a club that is perpetually skint, the level of debt now on the balance sheet of Norwich City FC PLC is scarily high.
Football finances have, of course, changed beyond all recognition over the last three decades, but the numbers on said balance sheet are now far in excess of anything we have witnessed before. While the accountants will tell you a certain level of debt is considered healthy as it potentially enables the business to grow, this only applies if it is sustainable and affordable.
To put it in perspective, the debt as per the recently-released accounts, currently stands at £96m, compared to the debt that the banks deemed unsustainable in 1996 and which necessitated Delia and Michael’s takeover, which was reportedly less than £20m.
The only caveat I can offer is that the sales of Max Aarons, Andrew Omobamidele, and Milot Rashica occurred after the end of the financial year and so will, effectively, reduce the £96m by circa £20m.
But to use more modern parlance, when Marcus Evans sold Ipswich Town to Gamechanger 20, their level of debt – for which we mocked them mercilessly and which was owed exclusively to Evans – had reached £117m.
Luckily (for them), as part of the deal to sell to Gamechanger, Evans wrote off most of that debt – i.e. bore the brunt of it personally rather than demand full repayment from either the club or its new owners.
Good for them. Wahoo.
Of course, we’re unlikely to ever be in such a fortuitous position, especially as Delia and Michael have no immediate plan to sell their share of the football club. So £96m it is – a sphincter-twitching sum in anyone’s book.
If nothing else, that should bring an end to this ‘well-run-club’ mantra when speaking of the self-funding model and how carefully and delicately Delia and Michael have managed the club’s finances in their time in charge.
Well-run clubs don’t find themselves within a whisker of £100m of debt with no obvious plan to replay it other than relying on a gift from the gods in the form of another brief sojourn to the Premier League – which is clearly not happening here anytime soon.
We have, of course, Mark Attanasio waiting in the wings to take on a more influential role in the club – and I’ll get told off if I mention the three to seven-year mentoring period that Delia insists he needs – but nothing in the American’s history at the Brewers suggests he’s about to do a Marcus Evans and take on the debt burden on our behalf.
Why would he?
He may continue his role in helping us redistribute some of that debt at more favourable rates than we would readily be paying, but he’s not about to click on his banking app and transfer £96m anytime soon.
Simply not happening.
Until now, when the debt started to reach unsustainable levels there was always a player or two to sell to plug the financial black hole – most notably James Maddison, whose sale at the end of the 2017-18 season kept a very scary-looking wolf from the door.
But, while the cupboard isn’t completely bare, let’s not kid ourselves that the collective sales of Gabriel Sara, Jonathan Rowe and, maybe even, Angus Gunn will pull much of a hole in the £96m.
So, then what?
How the hell does a club that has dwindling crowds sustain that level of debt? Even full houses of 27,000+ wouldn’t have come close to providing ways of eating into that debt, so how do we manage when the empty seats at Carrow Road tell you that we’re not currently reaching anything that number?
And worse still … with season ticket renewals due in February and everything pointing to an increasingly disgruntled fan base not renewing en masse as it once did, the situation appears dire enough to give even the most loyal of loyalists the collywobbles.
If any of them would care to point to the flaws in all of the above and tell me I’m worrying unnecessarily, then, thank you. And as your reward, there’s an MFW column here waiting for you should you wish to take up the challenge.
Also, if there is anyone out there who can see an obvious plan to make this situation better, the same applies.
Norwich City are far from alone, of course, especially in the Championship. In a fine piece by Philip Buckingham that appeared on The Athletic back in April, he described it as ‘the division of financial strain and distress‘, and how the the majority of its 24 clubs are conditioned to accept loss-making.
Buckingham wrote, ‘Money spent on wages consistently — and comfortably — exceeds the collective revenue each year‘, so the position in which Norwich City finds itself is not usual in the Championship and is, in fact, par for the course. The problem we have is our club’s whole financial ethos has been based around it not returning to a position of unsustainability – something it has fundamentally failed to achieve.
To pre-empt those who will cite the pandemic as the reason for this financial mess, I agree. It clearly has contributed massively to it but, equally, its impact has been felt by all clubs, not just Norwich City.
I’d suggest that, with that in mind, some pre-emptive action by the owners would have been a good idea – and by that, I mean pro-actively seeking out the Attanasios of this world well before Michael Foulger decided to call time on his involvement in our football club.
But, they didn’t and we are where we are – which is in the financial poop.
As I said earlier, I’d love there to be an obvious route out of this muddle aside from limping along in a state of increasing ultra-austerity, but I’m struggling to see one.
Perhaps we’ll learn more at the AGM on November 30.
I’ll, of course, be told I’m a professional miserabilist and that MFW is now nothing more than a vehicle for Norwich City bashing – neither of which is true – but the above is merely a reflection on something that, as a City supporter, I find concerning.
In the short term, perhaps that old-fashioned concept of winning a few football matches will help lift the mood.
***
This wouldn’t be our Martin’s natural choice of band, but I think he’d approve of the sentiment:
As above Gary, one of the few consolations is that we ain’t alone. Nothing will change until 2nd tier and below Clubs stop, en masse, overpaying the players and their ‘agents’. Few other businesses survive for long by spending 80%+ of their revenues on staff.
I was worried before your article about the level of debt we now have Gary. I am positively scared now.
The warning signs were there, the necessity to borrow against two years of parachute payments alarmed me at the time. Even then I thought whatever is going on.
How on earth have Delia and Michael allowed this to happen?
I have long thought and said on here that the that “Self-Funding Model” we have been sold for the last few years was an illusion. the Emperor’s or as I have said before Empress’s new clothes.
“Isn’t she Grand, Isn’t she Fine?” No.
I am in no way a financial expert, far from it, but even I can see our present trajectory of expenditure is unsustainable. I would be interested what Gary Field makes of it all after the AGM.
There is no Daniel Farke here at the moment leading us to the promised land, and to be honest that seems as you say Gary, not happening anytime soon. I do slightly wonder if the club got more than a bit lucky with his appointment, because where would the finances be without two trips to the EPL?
So we are stuck in the championship back to scraping by.
A lot of this talk about who we may keep for next season I think now is irrelevant. We won’t be able to afford the ones we want to re-sign by the look of it.
As you say Gary the transfers of Aarons, Omobamidele and Rashica will help next years balance sheet, but how much are we likely to lose next year?
Tim; “how on earth have they allowed it to happen”…..
I suspect that in all honesty they haven’t a scooby doo………. although I’m pretty sure they fully understand the economics of a good bottle or three of red or white!
O T B C
Makes for sad reading Gary really does ,has Stuart Webber’s woeful recruitment after Kieran Scott left left us in a far poorer position then when he arrived ? Considering we had parachute payments and two years in the prem it seems that we have squandered a lot of money , very worryingly .
Is there any control financially at the club anymore ? Are we overreacting ?
Like you say Gary it’s a lot of money & it could quite easily get bigger with more poor decisions.
Stuart Webber great at infrastructure shocking at recruitment,only now are we counting the costs .
First point, we would have been wrong to mock Ipswich for having more than £100m debt two years ago, the people who deserve mocking are the likes of Evans and Gamechanger, if they genuinely think they can make money from a football club who don’t have saleable tangible assets. EFL football clubs are propped up by fans like Peter and Denise at Stoke. I actually admire Ipswich fans for thinking that they deserve to have someone throwing away money at their club, I often wish we were a bit more demanding. With regard to MA, there is the fact that we do actually own saleable tangible assets in the form of property but on the basis that he would only use that as collateral we have to assume that either he is willing to fund losses or has failed to notice the business reality. He will either have to fund £30m a year or cut the budget to league one levels without cutting the income. Hopefully we hear what his plans are on 30th November. I expect people will still renew season tickets, the time to drop them was 2 years ago when the prices were increased despite relegation just as the cost of living crisis became apparent. We are still considering renewing despite the fact that by this time next year my son is likely to work weekends. February is too early to know for sure.
I agree with that John, as for season tickets, we renew there are 8 in our group but many don’t go to all the games now. I just think the shareholders have been very short sighted, unambitious & as far away from a community Club as it pretends to be. They love playing the little Norwich self funded line & that is what we have become a very stale little Club that survives. When they sold us Webber, Farke etc the DOF & Coach structure with little change when somebody leaves I was sold on that, A prodiuction line of talent & young players who wanted to join us to be fast tracked to bigger Clubs (Ajax style) who could also compete in the Prem. As soon as we sacked Farke it was clear there was no structure, no plan & we had reverted to what we always have been & here we are again a fairly rudderless ship & under the old shareholders we have been here a few times.
You are not a professional miserabilist and MFW is not a specific vehicle for city bashing.
We we told we were self-funding, then found out we’d borrowed 60 mill of parachutes in advance, now find out we are 96 mill in debt.
The optimistic view now, the sugar coated perspective, is that summer sales might mean we’re closer to 65mill-70mill in debt.
I agree with you Trev. MFW under Gary’s guidance is NOT a Norwich City basher in anyway whatsoever.
I think 95-99% of contributors on here give a fair and balanced view of how the club is performing on and off the pitch at whatever time in its history. And the other 1-5% love the club, if just perhaps a little too much 😂
– It wasn’t us who kept it secret that there has been reasonable offers for the club over the last decade.
– It wasn’t us who blamed the fans for EPL relegation Part two.
– It wasn’t us who borrowed all two years worth of parachute payments.
– It wasn’t us who said we are running the club as “self-funding” then doing the complete opposite.
– It wasn’t us who sacked or employed the coaches, some who had to go, one possibly not.
– It wasn’t us who gave a 31-year-old a three-year contract this year, who has 3-4 own goals to his name, is he trying to be top scorer? Fair minded but I didn’t say without sarcasm 😂
– It wasn’t us who got in a huff with the local media.
– It isn’t us who think, as an octogenarian ex cook, that we are the only person on planet Earth who knows what is best for Norwich City F.C.
The list is endless. And it deserves scrutiny. Fair minded but scrutiny nevertheless and that is what Gary and his colleagues give us on here.
Thank you, Tim.
Speaking as one of the 5 percent who loves the club too much I have to say that is an excellent summary of the facts.
The silence of the happy clappers is deafening, where are they? as is that of Attanasio, that mans involvement in the club intrigues me, I’ve said from the outset I don’t believe he has any intention of making a take-over bid, he has enough shares at a discount to cover his loan to the club, I think this probationary period is as much of his asking as Delia’s. Perhaps we may learn more at the AGM, that is if questions are allowed, you would think the supporters trust would be asking a few.
Submit your questions in writing and those that don’t make the board look foolish will be put to the floor others on Finance, manager, and recruitment will be binned.
I am a proud ‘happy clapper’ David C. I am right here. I am concerned about the finances
Delia has survived for over 26 years thanks to the backing of the happy clappers I hope they are proud of what she’s achieved, just about destroyed the club – how can anyone be proud of her custodianship?
Delia and Michael WJ have survived for over 26 years because they owned the majority of shares in the company/club. Not because of any support they have or have not received from the fan base.
This idea that the fans have any power other than to vote with their feet is totally and utterly laughable. Even voting with their feet has been ineffective as there has always been someone else to take that season ticket.
Finally, the castigation of genuine fans as “happy clappers” in this forum including by at least one of MFW’s regular contributors is simply offensive.
Sorry SC … not a term I use, personally, as an insult but I’ll try, in future, to ensure the term is not used as offensive term in the comments.
Thanks ScotCan for replying for me, well said.
For further reiteration, I am proud that I tried to be positive in the summer, I’m not proud of where we are now or how we got here.
Ridiculing someone for trying to be positive about their hobby, about the club they love is folly. Terming each other ‘happy clapper’ or anything else is very petty.
Name calling and pettiness very rarely feature on this website, and are always called out when it happens
What an unholy mess these people have created with their mis management of our football club.
Custodians? Get real.
As stated above, the club got incredibly lucky with the appointment of Farke, whose 2 promotions kept thw wolf from the door for several years. Anybody with a brain in their head or an ounce of common sense could see that “self funding” was just an instrument by which delia Smith could maintain her grip on Norwich City.
Self funding it most certainly wasn’t. It has been funded by the support. Paying through the nose for the highest priced tickets around. Fan friendly? Bollocks.
The constant selling g of playing assets before we’ve had full value on the pitch means we will never be able to build a side. Forever being knocked back to square one. As soon as the talent line fails we’re done for.
None of this is with the benefit of hindsight. A large proportion of the support has been banging this drum for several years, facing ridulicule and snide comments, aggressive statements and the like.
Now the chicken has come home to roost woe betide any happy clapper that tries to defend this shite show to me. Sickening and disgraceful. How the hell can people be so stupid?
The time to sell was when the going was good. Decent investment following one of the promotions should have been sought on our terms. We were an attractive proposition.
Due to delia Smiths death grip on the club we are now at the mercy of attanasio, who could simply run the club as a zombie shell, collecting good interest and profiting from the factory farming of players to other better run clubs to supplement his income with no thought given to on the pitch progress.
We face the very real prospect of a future in division 3 as a feeder club unless airacle happens or attanasio is the best kind of owner.
You’re my kind of man Chris, well said, these happy clappers are to blame for this mess, they’ve kept Delia in power and why? god above knows, and yes we are the laughing stock of the EFL
As stated above – there is no benefit to name-calling of fellow fans who have tried to keep a positive attitude. There is also no bway that any positive comments have kept Michael and Delia as majority shareholders. For balance, see how far the organised protests have got, in unsettling the Glazers at Man Utd – we have the right, as supporters (however unhappy with management/performances/results we may be), to choose whether we look for silver linings, rather than wrap ourselves in dark clouds.
Whichever we do has not the slightest bit of influence on those who own the club.
It cuts both ways. For many seasons there have been snide insinuations and comments, for example the term pant-wetter or the slur that anybody critical of Delia Smith is an Ipswich fan being my particular favourite.
Norwich City Football Club is not Delia Smith and support fpr the club does not come with an automatic duty to worship her or her husband.
After one of our relegations the Radio Norfolk phone in gave air time to an individual who trumpeted the fact that he would sooner be a non-league club under Delia Smith than enjoy success under any other owner.
What would you suggest is the correct term for such a “supporter”?
Chris, I don’t think people disagree with you being frustrated. It’s just that name calling solves nothing. People will always disagree on things. We have to be mature enough to accept it, even if we find it baffling. Once we resort to insults, our argument loses all meaning.
Hi Gary
I read an article recently about a comparison between city and Ipshite, one was the size of the grounds Portaloo in the red-light district of the town has a capacity of 42k and this season are getting over 35k at home games whereas City have so the club reports full houses each home game of 27k that’s equates to 27 years of lack of investment in ground improvements.
The same article said that the Ipshite squad wage bill was a mere £12m while City’s was a staggering £25m even with the reduced wages after relegation mow that’s just crazy.
Who ever has been the clubs financial advisor over the last few years should be sued and made accountable for the mess we’re in Delia and the board surely had some outside input.
Is Attanasio in for the long haul I very much doubt it, will he invest in the infrastructure maybe to raise the clubs profile and make it a more saleable asset to another investment banker.
Short term I see small investment to stabilise the clubs finances and possibly gain promotion then a little more using the penny’s from hell to keep us up while looking to make a healthy profit.
Maybe I’m wrong but till we gear from the board it’s carry on regardless.
Not sure where you saw the article, Alex, but am pretty sure the capacity of Portman Road is just under 30,000 and they’re average just under that this season.
Got that wrong.
Portman Road Stadium has been the home of Ipswich Town F.C since 1884. Renovated in 2002, the 30,311 capacity ground is comprised of the following four sections: The Sir Bobby Robson Stand (North), The Cobbold Stand (East), The Sir Alf Ramsey Stand (South), and The Co-Operative Stand (West
And the average attendance 28K
It was on a FLW a couple of months ago, Martin did tell me it was a poor site.
Gut feeling is that the wages are understated, with coaches, reserves, pensions and NI I expect both clubs are paying 3 times those amounts. I’d also guess the Ipswich figures have more than doubled since their last report so are probably paying more than us. They are being funded by a pension fund who even if they go up won’t see any return. I anticipate they will end up like Reading unless Sheeran buys them or the pension fund writes off the debt. In the mean time it’s painful to watch
😆 the only way you’re getting 35000 into that hole is of you cremate them first
A exact yet depressing sum up Mr G, thank you for having some gonads to write it.
How many more times is our club going to be screwed and supporters effed up. We had Chase, then in rode McNally & Bowkett to sort that shite pile up. They depart for whatever reason, in comes a new way which works on the surface , the cosmetic side with plenty of foundation and polyfilla used. But no matter the wallpapering and bullshit, here we are again with over three and a half times more debt.
The one constant since the Watling Take of Chase’s shares has been the ruddy cook and publisher. They have brought in people who acted no more than a shield for them, supposedly people with knowledge of running a professional football club. Too much trust is placed in other people, because they do not have much of a clue and not enough finance behind them. Running a self-funding club is no more than a pipe dream of two old people who should have hung up their boots a long time ago.
I before, along with many on this excellent site said at the beginning of its inception MFW) it simply would not and cannot work. If anyone wants evidence of those views. It is as clear as the figure of a gnat’s diddle away from 100 bloody big ones.
Won’t get fooled again byThe Who.
There’s nothing in the street
Looks any different to me
And the slogans are effaced, by-the-bye
Definitely not a pro owner fan Gary. I don’t hold shares and am no accountant but I’d love to know what money all the suits are on. I can understand the players’ wages and deals to a certain extent but all these layers of management I’m confused by – what do they all do?
Meanwhile as someone stated all we as fans can do is walk away. No one at NCFC seems to care about the fans and the ‘roadshows’ serve no purpose as they don’t give proper answers.
I’m trying to forget the reign of Webber trust me, but I’m sure he wasn’t alone in creaming a very comfortable existence out of the club, with no accountability from above.
Are there any fans on the board – or representatives who have dialogue with the club? I don’t mean approved supporter groups either. Best left alone in my experience.
As has been said many times we need an independent person high up in the club who is there for fans to contact. I get that they’re keeping Wagner on to keep the glare off them which is desperate and unkind.
The sooner Mr Knapper makes a decision re the new way forward the better.
If we remain in this division we’re in trouble. That’s why, to me, it’s a surprise Knapper hasn’t removed Wagner. Patience is not a virtue, it’s a luxury we can’t afford.
As for Driftwood, what a great song and music video. Travis are still pumping out consistently great albums, in particular Everything at Once and Where you stand. Although the latter being a decade old now, where does the time go?
£96m debt. Reduced by the Aarons, Rashica and Omobadimele to £76m.
Increasing to what by the end of this season.
Our 2 main assets when both are fully fit ,Sara and Sargeant , will do no more than reduce that debt to £56m, maybe.
Next season , no parachute payments , no budget for new arrivals unless we can sell half a dozen younger players for whatever , and replace them with more freebies. Fewer games on sky as we become less attractive to the TV .
The further away the premier league looks the less valuable we become to sponsors who want top level exposure. Can’t see Anastassio being over the moon.
For all this not to happen all Wagner and Knapper need to do is go on a run of 25 games unbeaten with no more that four draws. I’m off for a lie down in a dark room
I suspect the landscape will change irrevocably by May. The current situation is ironically totally unsustainable.
Unless our prayers and wildest dreams are answered by wagner completely reversing his Norwich career figures and pulling the season round Lazarus style we will be plunged into deep trouble.
I remain unconvinced by attanasio and his intentions. His silence is disconcerting and rather disrespectful. Us, the supporters are stakeholders and deserve to be acknowledged as such.
The disclosure that he and his consortium will vote in “lockstep” with delia Smith is frightening. In 3 years time the woman will be 86 and in accordance with this revelation will still be calling the shots effectively
If the club still exists.
We don’t need a knapper, we need a mcnally. Backing wagner publicly to appease the owners shows he is not the an for the task. First impressions and all that.
It may well be that sanctions and insolvency are on the horizon and some serious pain will be endured before some light appears at the end of the tunnel. That may come in the shape of a pol pot year zero and a restart from the lower reaches where we can perhaps rebuild the club from this wreckage
Whatever the future holds, that debt isn’t going away anytime soon and is crippling and its growing.
Perhaps Mr Attanasio would like to move to assuage these real fears by opening a dialogue and letting us all know just what the effing hell he has in mind. While he’s at it persuading Smih and Jones to step away while acknowledging their major part in this parade of shit currently on display.
Wouldn’t that make everybody a little bit happier?
I’m guessing that Attanassio is happy to watch the Club reduce in value. It means it will be cheaper for him to purchase further down the line. Looking at the US model of running businesses, I’m very worried indeed.
That is a strong possibility. However the damage that would cause would devalue his purchase to such an extent that it would render it worthless.
Wasn’t the whole process elongated to ensure the clubs best interests were served? At least 3 other suitors were declined to allow attanasio and his assorted groups to emerge.
I feel the silence from attanasio and the continued mayhem both on and off the pitch indicate that the wrong choice has, once again been taken.
Some of City’s problems result from the dismal recruiting record of Stuart Webber, combined with a drop in talent emerging from the youth system. But there is also a factor beyond City’s ability to change anything, and that is the chasm between the incomes of Premier League and Championship clubs. That huge gap ensures that only clubs with mega-rich owners can be assured of at least medium-term survival in the top flight, as we have found out to our cost. No one is certain yet of Mark Attanasio’s long-term plans for City, but one thing is guaranteed — he will not pour millions into a financial black hole. Many of those who blame Michael and Delia for the mess seem to think there are Arab sheikhs or Russian oligarchs queuing up to buy their shares. It may be difficult to accept, but the Canaries are a low-profile outfit outside East Anglia, which severely limits the club’s attractiveness to investors. This season I’d be happy to settle for doing the double over Ipswich.
Alan , So what about Brentford, Brighton ,Burnley or Bournemouth ? We will never know who might have been queuing up to buy the club because Delia blatantly lied ,stating the club had received no such offers ! In my opinion and many others Smith & Jones have been a complete disaster and on their watch have taken the club back decades . Under ambitious owners with some financial clout the club could have been a established mid table premiership club ,instead under the so called ” a financially well club ” the club is facing Armageddon !
Anyone who thinks they have done a good job are sadly deluded !
Well, we do still have a club which, without them, we might not have had; and we have had a good ride in the last 27 years wherever we might now find ourselves.
I’m no happy clapper (whatever that is) and I think Delia should have moved on years ago, but I don’t like the ignorant and unjustified nonsense of some of these responses. She has hardly taken us “back decades” when we are pretty much where we were when she took over and to suggest that we could have been an established PL side under some other wonderfully generous owner is just bonkers. I guess if we could interest Saudi Arabia we could be in the Champions League in a couple of years.
Competing in the Championship is beyond us financially unless we have an owner prepared to lose several million every season. Other clubs seem to have found those owners – but some haven’t and are in a worse place than we are (Reading/Sheffield Weds etc) Competing in the PL is a pipe dream for a club of our stature now. It’s simply not possible to generate the kind of income necessary from our fanbase. That isn’t Delia’s fault – blame the Premier League and the FA for ruining the game.
Within 5 years, we’ll have Wrexham in the PL to join Brentford, Bournemouth and the other unsustainables for their few years of glory before they all come crashing down.
sgncfc ; It has been suggested that the term “happy clapper” is somewhat offensive, but also could be perceived as a bit of harmless banter ! I have been called far worse on my many trips to Australia ! However , calling a person ignorant for having an opinion that does not align with yours in my opinion is totally unacceptable ,very rude and offensive . But then this is the era of cowardly key board warriors who hide behind their hidden identities and who would hesitate to say such things to someone’s face !
Smartest thinkg Delia ever did not expanding Carrow Rd. If we had we would have gone pop years ago. Will be interesting to see how many like me have been buying season tickets for a decade and only attending 50% of the games. I think this season may be the last until there is actual change.
Very true. By keeping the demand higher than the supply she has been able to charge an inordinately high price for tickets and ensured that any season ticket holder considering relinquishing his seat and attending on a casual basis would be faced with missing out altogether.
Together with keeping the costs of policing and insuring the crowd down by reducing the number of staff etc.
Capitalism at its finest.
I thought she was an ardent Socialist, Chris.
Funny how many rich people champion socialism.
Proven not to work, in any system, anywhere, ever.
Sooner or later you do run out of other peoples money!
When it suits, Dan
It is only a symptom but I fear we will change places with our local rivals this season i.e. go down to League 1 while they repeat our feat of 15 years ago of L 1 to the PL in successive seasons.
Ipswich have sound ownership, a very healthy (low) player wage bill, and (looking on wikipedia) a well staffed non playing support staff for their first team. It is a young team. We, by contrast,: have a very high player wage bill for the Championship not to mention one of the highest average player age. I suspect that there is a LOT of fat on the non playing and recruitment side and I would not be at all surprised if the same were true of the administrative and financial staff we carry.
Add to that the financial situation, the level of debt we have and having mortgaged the PL parachute payments I can see no way out of a downward spiral for our club. We have no clear plan to resolve it and I doubt that Attanasio has a magic money tree. Would you piss it away on this shambles?
It was interesting to read a comment from a player, that McKenna coaches them week by week ready for the weaknesses of the upcoming opponent. They will have a whole day more than us to train after the midweek games before we play them December 16. But will it be enough?!
Ipswich? (sh)ips which pass in the night more like.