Monday, May 11, 2009

Crisis

This period is by far the worst period my team Walcott United is going through.

And this isn't the disastrous 2nd attempt at F Division. I am now down to G Division, and currently sit 3rd with 5 wins out of 5.

However, the standings can only say so much.

The team is in financial crisis. At this juncture, the team finances amount to below 400,000 dollars. To boost finances, there are only some limited ways.

1) Advertising boards
The impact is minimal. The ad boards are getting increasingly bad for the team, with bad offers, like 9500dollars for display for >20 days. We are talking about hitting the team's safe region of >1 million.

2) Offload players
Currently, this is the most feasible solution. However, the squad currently consists of only 22 players, and I would never know when a new youth player will be promoted. My policy of recruiting older but better players are finally showing its cons. They can no longer be sold at a good price (ie. >300K). I have placed my star striker (29yo) on sale, as well as a promoted French youth striker (18yo). I hope these 2 players' sale will garner me at least 700K.

3) Offload staff members
Staff members' wages, due to a new game rule, has soared to around 10 times of their original value. This is a big reason my finances are increasingly stretched. However, many positions are crucial. Asst manger will deal well with the team when I am away, as I am, increasingly in this period. Coach is the most impt, as it helps in improving the skills of youth players. The doctor heals injured players, while the scout ensures supply of youth players. The groundsman keeps the ground in good condition, ensuring no fine and good performances from players.

The only remaining position is the physiotherapist, who reduces chances of players getting injuries. At this moment, his salary is 6K+, and offloading him will cost me 70K+, which is much less than letting his contract run out in 1.5season left on his contract. In this critical period, this is really a last-ditch measure.


As I have put 2 players on the transfer list, I still need to buy players to ensure the players don't wear out, and also because the injuries may be much more frequent due to the removal of a physiotherapist. With a mere 300+K left, I will not think about taking a loan yet, but instead invest in free players. I have bidded for about 5, and I will hope at least 1 will materialise.

I will update the situation maybe this weekend.

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