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Cortese


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14th in the first season, I guess most promoted teams would bite your hand off for that. Of course the foundations laid meant we were worse the following seasons...... oh, no, actually.......
I think the main thing to remember is he is long, long, long gone and good riddance to the rat faced little cu nt.
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Jesus, point me in the direction of a single building project that went to budget, have you never seen Grand Designs FFS.

And it's so **** isn't, Staplewood what a waste of money :lol:

 

You clearly haven't got a clue pal. This was an overspend of £24m.

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This. His overspend on Staplewood was outrageous and he couldn't stay after that. Credit where it's due though, he oversaw our rise back to the top and we can't forget that.

Staplewood: £40m, still standing.

 

The Donkey, Boufal, Hoedt, Elyounoussi = £66m (+ wages) + Forsters contract, Puel, Clown and Hughes payoffs = £??m

 

You be the judge.

 

Basically the Staplewood overspend (£24m?) was just over one Donkey.

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Staplewood: £40m, still standing.

 

The Donkey, Boufal, Hoedt, Elyounoussi = £66m (+ wages) + Forsters contract, Puel, Clown and Hughes payoffs = £??m

 

You be the judge.

 

Basically the Staplewood overspend (£24m?) was just over one Donkey.

 

Wtf has a bloke who had a brief to deliver a training ground for £15m but spent near £40m got to do with his replacement overseeing the signing of players and recruitment of managers who didn't work out ?

 

You're comparing apples with chocolate bars.

 

Cortese became a loose cannon. Reed became incompetent. There is a world of difference.

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Staplewood: £40m, still standing.

 

The Donkey, Boufal, Hoedt, Elyounoussi = £66m (+ wages) + Forsters contract, Puel, Clown and Hughes payoffs = £??m

 

You be the judge.

 

Basically the Staplewood overspend (£24m?) was just over one Donkey.

 

Spot on and what a mess that is.

Hopefully we will stop messing up now Reed has gone.

 

IMHO Cortese and a living ML would have us right near the top as they were a class act together.

The moment ML passed away I knew the funds would dry up for Cortese.

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The specs of the training ground improved. The design expanded in scope and size so the price increased.

Correct. But the approval and budget from above didn't. He went completely off piste to the tune of £24m.

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Played a huge role in rescuing the club and returning us to the big time.

 

If he stayed, we might have even been regular European visitors by now.

 

His way of dealing with Liverpool was to chuck their faxes in the bin.

 

I find the mocking and hatred shown for him on here utterly bizarre....

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Played a huge role in rescuing the club and returning us to the big time.

 

If he stayed, we might have even been regular European visitors by now.

 

His way of dealing with Liverpool was to chuck their faxes in the bin.

 

I find the mocking and hatred shown for him on here utterly bizarre....

 

But I thought we were run like a seaside b&b under him?

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Just to recap, a couple of second place finishes in the lower leagues and then 14th in the Prem. Watford finished 14th last season. Currently Crystal Palace are 14th. #headingforthechampionsleague

 

You make it sound so easy? Leeds and Nottingham Fotrst to name just two big clubs have spent years and millions of pounds to try and achieve what we did in three seasons

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He got too big for his boots I am afraid and did not treat MLT and Frannie with respect.

 

You are right he made a lot of mistikaes and upset a lot of people in the way he went about things but his single mindedness and drive were the architectss of our rise from nothing.

 

He rescued us from going under financially worth nothing to a fully established premier club worth millions in just three years a remarkable achievement by any measure and gave me some of the best years ever of watching saints

 

More over the investments he made in the team and academy were timely and very successful unlike the money spent in the last three years. He had a plan to take us into the top ten and stuck to it regardless.

 

Everything he spent has been returned in spades both through the subsequent years of growing TV money and the increased value of the club. Who would have believed Saints would ever be listed in the top 20 European wealthiest clubs ?

Kat despite removing him benefited hugely when selling 80% of her equity

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I think you have to see the two sides of his reign.

 

Commercially and financially not great - off the pitch was a bit of a mess.

 

On it, he clearly had a vision to try and break the glass ceiling (which unfortunately was undone by the Leicester title win and the big clubs upping the ante on transfers). He could clearly attract quality here with his vision and I think his intention was to keep them.... but that vision changed when Reed took over - who thought, wrongly, that we could regenerate every season by replacing quality players with unpolished diamonds or in Hoedt case, unpolished turds.

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The specs of the training ground improved. The design expanded in scope and size so the price increased.

 

Do you actually believe that? He burnt through contractors on various projects, bringing them in for designs and plans and then dropping them and not paying them, he (i suppose i should put allegedly because he's a litigious little *****) syphoned off money to spend on his own person projects, Staplewood is, and lets not pretend here, a very, very good facility, it was also one we couldn't afford at the time and was part of a long list of things that he was effectively gambling against the club.

 

I have literally never understood where the idea comes from that he's some sort of great businessman, he spent millions of pounds of someone else's money, and when they dried up he then took out loans against the club. As Shance said if he'd carried on the way he was going the club would've been in severe financial problems, in fact we've all been told this, first hand, by the owners and board of the club.

 

Kat effectively removed him from his position because he had too much power and was overspending.

 

The board released a statement in the summer VVD didn't get his move saying that we could finally stop players leaving because we'd restored the club finances after the debt he'd left us in.

 

People need to stop mistaking our rise with his ability, our rise was a lower league version of Man City, we bought our way up to the prem.

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Do you actually believe that? He burnt through contractors on various projects, bringing them in for designs and plans and then dropping them and not paying them, he (i suppose i should put allegedly because he's a litigious little *****) syphoned off money to spend on his own person projects, Staplewood is, and lets not pretend here, a very, very good facility, it was also one we couldn't afford at the time and was part of a long list of things that he was effectively gambling against the club.

 

I have literally never understood where the idea comes from that he's some sort of great businessman, he spent millions of pounds of someone else's money, and when they dried up he then took out loans against the club. As Shance said if he'd carried on the way he was going the club would've been in severe financial problems, in fact we've all been told this, first hand, by the owners and board of the club.

 

Kat effectively removed him from his position because he had too much power and was overspending.

 

The board released a statement in the summer VVD didn't get his move saying that we could finally stop players leaving because we'd restored the club finances after the debt he'd left us in.

 

People need to stop mistaking our rise with his ability, our rise was a lower league version of Man City, we bought our way up to the prem.

 

Well said that man

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People need to stop mistaking our rise with his ability, our rise was a lower league version of Man City, we bought our way up to the prem.

 

The data from the championship says otherwise. Btw how are Goa's plans to launch his construction companies in the UK going - after all, that was the main reason for purchasing the club according to the eggheads :lol:

Edited by shurlock
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Jim White is an intolerable sycophant. He has ruined that morning show on talk sport. Bel1end.

 

Completely agree with that, I can assure you.

 

As for Cortese, yes he was an egotistical fantasist but you cannot deny the fact that he is the reason our club is still in existence by getting Markus on board and for that reason alone I do not share the hate on here.

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Didn't we sell AOC for more than all the other L1/Champ signings, combined? That's not including agents fees etc. but I think we were fairly even when it came to net transfer spend.

 

In the three years (2009/10-2011/12) it took us to go from L1 to the PL, we spent £10.1m (gross). In terms of net spend, we received more than we spent (-£8.2m). A club like Leicester spent nearly £30m more than us (net) over the same period. And they are by no means the only club that outspent us.

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Nik Nak departed three and a half years after her father's somewhat unexpected death. If there was an expectation that he would inherit some of the club (as you suggest) and that was denied/ignored by Kat, then I think that `overlooking' would have caused a much earlier departure to be honest. Doesn't mean he wasn't fuming at how control of the club was wrestled away from him though.

 

There was lots to dislike about the way he went about things, but that ruthless and single minded focus on building Saints up is something we have missed.

 

Only if you wanted freebies or some sort of involvement on the board. To the common fan, who just supported the club, he was a breath of fresh air, and someone who we have really missed over the last few years. His dedication to get what he wanted vis-a-vis Saints, was commendable.

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:lol:

 

 

out of league 1, obviously. Out of the Champ? The evidence simply fails to back that up

 

We signed Fox, Sharp, Jos H and Cork and then sold AOC to Arsenal

 

Gave us a net spend of £9m (profit)

 

Really demonstrating our credentials as the man city of the championship :lol:

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We signed Fox, Sharp, Jos H and Cork and then sold AOC to Arsenal

 

Gave us a net spend of £9m (profit)

 

Really demonstrating our credentials as the man city of the championship :lol:

 

it's weird. There is plenty to hit him with and he was a bit of a whopper but also, he was obviously good for us for the time he was here.

But to literally make stuff up against him is quite bizarre.... :lol:

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it's weird. There is plenty to hit him with and he was a bit of a whopper but also, he was obviously good for us for the time he was here.

But to literally make stuff up against him is quite bizarre.... :lol:

 

We have a weird bunch on here. Hence why we have a "defectors watch" thread with 1.3 million views and 7,500 posts.

 

Once a player or staff leaves SFC they become the devil.

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This. His overspend on Staplewood was outrageous and he couldn't stay after that. Credit where it's due though, he oversaw our rise back to the top and we can't forget that.

 

You do realise Cortese posted profits without the need to sell players right?

 

Our business model if you can call it that after he left was buy cheap, sell high. Which is great when you actually have players who go on to do well and you can sell them high.

But as found out with Reed near the end when that doesn't work you are in the ****. The amount Reed has spent on crap players, high contracts to crap players, agents, staff and manager pay offs is probably close to £200m.

Cortese was a lot of things but this training ground thing which people bash him with is just laughable. We needed those new facilities, they would help the players and all aspects of the football side of the club.

Kat didn't want to pay for it so loaned the club money with a 15% interest added to it. The completed work increased the value of the club. Just before she sold the club she requested the loan and interest be paid back. Then sold the club.

So this horrible nasty training centre that nearly bankrupted us made our previous owner a **** load of money.

People seem to forget or want to dismiss Cortese was from a banking back ground. He was known as someone who was good at making money. If not why did billionaires trust him with their money?

For someone who supposedly almost crippled us the club sure did make a lot of money whilst he was there. The only person who disagreed was that guy who took over, said how bad it was, then the financials came in saying we made a big profit and he was gone. Always wondered what happened to that guy.

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We signed Fox, Sharp, Jos H and Cork and then sold AOC to Arsenal

 

Gave us a net spend of £9m (profit)

 

Really demonstrating our credentials as the man city of the championship :lol:

 

Teams whose net spend was greater than us that season:

 

Leicester

Brighton

Derby

West Ham

Hull City

Cardiff City

Crystal Palace

Barnsley

Forest

Millwall

Coventry

Doncaster Rovers

Skates

Boro

Burnley

Leeds

Ipswich

Peterboro

Watford

Bristol City

 

#mancityofthechampionship :lol:

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Teams whose net spend was greater than us that season:

 

Leicester

Brighton

Derby

West Ham

Hull City

Cardiff City

Crystal Palace

Barnsley

Forest

Millwall

Coventry

Doncaster Rovers

Skates

Boro

Burnley

Leeds

Ipswich

Peterboro

Watford

Bristol City

 

#mancityofthechampionship [emoji38]

Just goes to show what a good manager Nigel was for us.

 

Sent from my moto g(6) using Tapatalk

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You do realise Cortese posted profits without the need to sell players right?

 

.

I certainly didn't. but maybe that's because according to the Southampton FC posted accounts they made a loss every year after administration in 2009 up until 2014 (accounts to June 2014), when we made a £7.1m profit. Cortese left in January 2014 of course, half way through that financial year.
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Teams whose net spend was greater than us that season:

 

Leicester

Brighton

Derby

West Ham

Hull City

Cardiff City

Crystal Palace

Barnsley

Forest

Millwall

Coventry

Doncaster Rovers

Skates

Boro

Burnley

Leeds

Ipswich

Peterboro

Watford

Bristol City

 

#mancityofthechampionship :lol:

 

what about net transfer spend + wages?

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what about net transfer spend + wages?

 

Not sure. The data is not readily available. Clearly wages are a large element - in some cases, I wouldn't be surprised if they more than exceeded the higher net spend of smaller championship sides. In other cases, I suspect they weren't enough to offset rivals higher net spend given the disparities in net spend. And in other cases, I wouldn't be surprised if clubs outgunned us in terms of wages and net spend. People have very short memories about our season in the championship and the silly money that some championship clubs were throwing about. Jermaine Beckford, for example, was given a £15,000-a-week rise to move from Everton to Leicester City.

Edited by shurlock
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I certainly didn't. but maybe that's because according to the Southampton FC posted accounts they made a loss every year after administration in 2009 up until 2014 (accounts to June 2014), when we made a £7.1m profit. Cortese left in January 2014 of course, half way through that financial year.

 

Cortese was a specialist sports investment banker and a very good one at that. After selecting SFC as the ideal club for Markus, he helped turn his initial £12 mill investment into a quarter of a billion for Kat, because, as well as the £210 mill she got from Gao, she still owns 20% of the club. There can be very few other owners in history who have made as big a profit as that out of a football club. They say you have to speculate to accumulate and it's highly likely he would have made her even more money than that, if she'd been prepared to invest more in his ambitious plans.

 

I know there are plenty of people on here who absolutely hated him but one thing you can't deny is that he gave the Liebherr's brilliant financial advice and helped make them a lot of money.

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and it's highly likely he would have made her even more money than that, if she'd been prepared to invest more in his ambitious plans.

 

Buying the club was a smart move and good advice from Nik Nak, no doubt about that, but that's a bold statement. If the money was there I guess players like Shaw and Lallana may have stayed rather than go to Man U and Liverpool and we would have challenged for CL, but there is no guarantee of that. we will never know

Edited by Chez
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Do you actually believe that? He burnt through contractors on various projects, bringing them in for designs and plans and then dropping them and not paying them, he (i suppose i should put allegedly because he's a litigious little *****) syphoned off money to spend on his own person projects, Staplewood is, and lets not pretend here, a very, very good facility, it was also one we couldn't afford at the time and was part of a long list of things that he was effectively gambling against the club.

 

I have literally never understood where the idea comes from that he's some sort of great businessman, he spent millions of pounds of someone else's money, and when they dried up he then took out loans against the club. As Shance said if he'd carried on the way he was going the club would've been in severe financial problems, in fact we've all been told this, first hand, by the owners and board of the club.

 

Kat effectively removed him from his position because he had too much power and was overspending.

 

The board released a statement in the summer VVD didn't get his move saying that we could finally stop players leaving because we'd restored the club finances after the debt he'd left us in.

 

People need to stop mistaking our rise with his ability, our rise was a lower league version of Man City, we bought our way up to the prem.

 

And then VVD left.

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