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Hurst to get the profits to spend 12:51 - Jun 28 with 2055 viewsStokieBlue

Allegedly, according to the EADT:


The EADT and Ipswich Star understands that new Blues boss Paul Hurst has been assured by owner Marcus Evans that the funds raised will go straight into his transfer kitty as he looks to mould his own squad this summer.

http://www.ipswichstar.co.uk/sport/webster-set-to-join-bristol-city-for-3-5m-1-5


SB

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Hurst to get the profits to spend on 12:57 - Jun 28 with 1968 viewsCaptainObvious

McCarthy had £1.5m to spend on Huws/Garner/Waghorn so when Hurst has spent £5m we can say the funds have gone into the kitty.

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Hurst to get the profits to spend on 12:57 - Jun 28 with 1952 viewshomer_123

This will be interesting.

It would be a departure from Micks reign if we see Hurst spending a coupe of million on a transfer fee and a contradict all that Evans has been saying about how the finance side of things will be the same for Hurst as under Mick.

More likely that those 'profits' will be eaten up by loan fees, wages and a small transfer kitty - the same as under Mick.

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Hurst to get the profits to spend on 13:01 - Jun 28 with 1909 viewsHerbivore

Hurst to get the profits to spend on 12:57 - Jun 28 by CaptainObvious

McCarthy had £1.5m to spend on Huws/Garner/Waghorn so when Hurst has spent £5m we can say the funds have gone into the kitty.


McCarthy had the Murphy money to spend last summer having not replaced him in August.

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Hurst to get the profits to spend on 13:02 - Jun 28 with 1891 viewsJ2BLUE

Hope this is true and I hope it means we'll be able to bid for quality to replace Webster and it won't be spent on wages like they've claimed in the past. I know players don't play for free etc but i'm not convinced previous fees were fully reinvested.

This summer we've seen McGoldrick leave as well as Celina, Hyam, Bru, CCV, Connolly Gleeson and the Forest winger. We should already have a reasonable amount of wage budget to play with.

From the way Hurst has come across so far I think he has probably seen assured of investment. He doesn't seem the type to come in knowing we need to sell. We could have quite the war chest if we sell Bart as well.

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Hurst to get the profits to spend on 13:13 - Jun 28 with 1820 viewsCambonbleu

I'm sure Webster is earning £5-7k per week

Lets not forget he now also has the £15k odd per week we were paying McGoldrick (£780k per year!). Good oppertunity to add to the squad with good hungry players on decent but slightly lower wages

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Hurst to get the profits to spend on 13:35 - Jun 28 with 1683 viewsSteve_D

Heard it all before believe it if it happens.
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Hurst to get the profits to spend on 13:36 - Jun 28 with 1664 viewsFixed_It

Hurst to get the profits to spend on 13:35 - Jun 28 by Steve_D

Heard it all before believe it if it happens.


You're no Steve_M are you?!

The glass is half full!!!
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Hurst to get the profits to spend on 13:46 - Jun 28 with 1607 viewsaardvaark

I hate the EADT website now its full of ads and so slow

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Hurst to get the profits to spend on 13:57 - Jun 28 with 1538 viewsSteve_D

Hurst to get the profits to spend on 13:36 - Jun 28 by Fixed_It

You're no Steve_M are you?!


No just a realist
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Hurst to get the profits to spend on 14:00 - Jun 28 with 1529 viewsVaughan8

I really hope this is true. I think we need re-enforcements and definitely a centre back or 2.

I think mick had a "I'm not paying over the odds" attitude to transfers and so didn't get some people in because of it but it did suit our structure/strategy. It goes both ways. Also, I think he liked the fact he could fall back on the amount of money he spent when times were a bit difficult.


I think Hurst might be shipping a few more people out before the end of July. Bart is an obviously one (not because he isn't good, because he will probably want to go and 1 year left on his contract) and maybe a few more Hurst doesn't fancy.
[Post edited 28 Jun 2018 14:00]
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Hurst to get the profits to spend on 14:09 - Jun 28 with 1484 viewsGuthrum

Hurst to get the profits to spend on 12:57 - Jun 28 by CaptainObvious

McCarthy had £1.5m to spend on Huws/Garner/Waghorn so when Hurst has spent £5m we can say the funds have gone into the kitty.


And where did the wages, agent fees, signing on payments, etc. come from?

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Hurst to get the profits to spend on 14:11 - Jun 28 with 1475 viewsFixed_It

Hurst to get the profits to spend on 14:09 - Jun 28 by Guthrum

And where did the wages, agent fees, signing on payments, etc. come from?


Please don't ask complicated questions!

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Hurst to get the profits to spend on 14:14 - Jun 28 with 1473 viewsPhilTWTD

Hurst to get the profits to spend on 12:57 - Jun 28 by CaptainObvious

McCarthy had £1.5m to spend on Huws/Garner/Waghorn so when Hurst has spent £5m we can say the funds have gone into the kitty.


All fees received go into the kitty, the question is how much of the annual loss - basically wages - they cover. I'm sure PH will get some cash to spend on fees - not £3m on one player or anything like that but smaller figures - but some will go towards wages to some degree.

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Hurst to get the profits to spend on 15:01 - Jun 28 with 1347 viewsWBBlue18

Hurst to get the profits to spend on 14:14 - Jun 28 by PhilTWTD

All fees received go into the kitty, the question is how much of the annual loss - basically wages - they cover. I'm sure PH will get some cash to spend on fees - not £3m on one player or anything like that but smaller figures - but some will go towards wages to some degree.

This post has been edited by an administrator


The wage budget should be the same in total - i.e. as we have removed say 7 players from the wage bill say at an average of £8K per week = £56K total, then we can add to the squad with either less, the same or more players to that ongoing value, at cash flow level without any major change to way it is being financed within the budget. Transfer fees and agents fees are a separate entity in the P&L.
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Hurst to get the profits to spend on 18:37 - Jun 28 with 1257 viewsitfcjoe

I really do hope this is the case, because previously fees have just lowered what Evans has put in annually.

If Evans wants this club to progress, it is vital that he sees fees re-invested and accepts the £5-6m he loses a year can't be offset when we get a fee in

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