Fair play Big gully - you are one of the few that has persistently offered a different opinion without resorting to insults which makes a change - and I accpet you have some very fair points.
However - the reason we have to agree to disagree is that in my opinion you can only budget for situations that you can control - I realise ones future as a business is dictated to by market fluctuations and that is unavoidable - but your job as a board is to minimize the risks that you percieve in the coming years that will potentially effect your business either positively or adversley.
We do not know know for FACT how the funding of the stadium needs to be controlled and executed upon - we can guess and have a relevant opinion based on what other clubs have done - but that is what it is - guess work.
Players now to get us promoted are not as important as having a controlled - yes small - but controlled and forecastable revenue stream in the coming five years which is going to give banks and investors a far more comfortable feeling about us as a long term propect as opposed to saying - yeah i know we've spunked all the csah we had - but we kep Baz Savage and signed Currie nealry made the play offs!
the board is therefore left - as most SME businesses are in todays financial climate of making difficult choices - players or revenue protection - and with the goals and objectives the club has a whole there is in my opinion only one sensible choice they can make - and they are making it.
You have to remember that that revenue stream and forecastable cash flow is actually being supported and supplemented by the board!!!!!!!
Which I personally think it is good news.
Accepted, but .......
If it was a clear choice of not spending any money coz we havent got any, or borrowing money to furnish a belief that it might give us success, then I would go down the conservative route all the time.
But as I understand it, the money that was needed to keep those key players here, is likely to be spent anyway, on a new batch of players.
That to me is the real gamble and an unecessary one.