Neil Hallam: Come on you guys, give us the full picture on Rams investment
HELLO again. How nice to be back.
The last time I clocked on for my first shift on this
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all smiles: Football chairman Adam Pearson, manager Paul Jewell, chairman Andy Appleby and chief executive Tom Glick on the day the Americans' arrival was officially announced in January this year.
newspaper, D.H. Lawrence's mucky book "Lady Chatterley's Lover"
had just been cleared of obscenity charges, the Beatles were
playing in a strip club in Hamburg, J.F. Kennedy was days away
from winning the American presidency, Cassius Clay was the
newly-crowned Olympic heavyweight champion and I was sulking
because my mum had made me start work in my faded Herbert
Strutt Grammar School blazer with a clean patch where the badge
had been removed.
The "Swinging Sixties," or in my case the "Swaying
Unsteadily Sixties," had yet to change the social landscape. A
new species of human being, the teenager, had yet to invent
sex.
And most astonishing to those who have followed Derby
County's progress from triumph to failure and back and from one
financial crisis and takeover to the next, Rams coverage in the
Telegraph in those days was limited to Wilf Shaw's match
reports plus brief stories about groin strains and the fact
that manager Harry Storer was contemplating team changes.
The identity of the club's directors was a mystery to most
fans, the finances got a mention only when annual accounts
decidedly thin on detail were published and if the club had
politics, power struggles or personality clashes, they were
kept well clear of public view. Both media and public regarded
them as none of their business.
How different things have become. Every football club's
affairs are examined in minute detail these days and though I
confess to a fogeyish yearning for much in the past, a return
to those days when public accountability was considered
necessary by neither the Rams board nor the local media would
clearly be absurd and a neglect of responsibility.
Supporters now feel they have a right to know absolutely
everything that happens within the club they follow with such
passion and since they, ultimately, pay for everything in
football, it strikes me as entirely proper that their curiosity
should be met with complete candour.
They buy the tickets and the replica shirts. It is their
custom that provides the money pumped into the game by
television. They reward sponsors and advertisers by patronising
their businesses, using their services and purchasing their
products.
All too often in the past, alas, they have been repaid for
their loyalty and generosity with nothing more substantial than
empty platitudes and dollops of flattery instead of factual
detail and the club has more than once careered towards
oblivion to an accompaniment of cheery assurances from the
boardroom.
Robert Maxwell promised the earth before bleeding the place
white.
Lionel Pickering was still saying "What crisis?" only weeks
before he was ousted with debts running at around £32m.
Jeremy Keith was still telling supporters that everything
was in perfect running order right up to the moment the Three
Amigos were turfed out with debts zooming towards £56m.
Now, as a new season approaches, questions about the
financial governance of the club have surfaced once more,
following the removal of Peter Gadsby from his non-executive
directorship after 20 years of service that involved
supervising the construction of Pride Park Stadium, removing
the Amigos and much of their debt mountain, leading the club to
promotion and providing Billy Davies with £25m of transfer
cash.
These questions were not, as some attempted to suggest, of
exclusive concern to him. I had, indeed, heard the same points
made elsewhere only a few days before an article in one of the
national papers sparked off the latest bout of internecine
strife.
Nagging doubts had also been surfacing among supporters for
weeks before the former chairman locked horns with the club's
new owners but, yet again, the response from the boardroom to
legitimate concerns amounts to not much more than "Trust us,
we're good guys, everything's fine." For as long as that
remains the case, promises of "complete transparency" from the
boardroom will strike many as persiflage.
It is only months, remember, since supporters were being
told that the arrival of new American owners would change the
financial landscape at Pride Park, with around £50m to buy up
the shares, remove all debt and provide spending money for the
manager.
Football chairman Adam Pearson, indeed, soared higher than
that in one press briefing just after the takeover.
"You guys have been bandying figures circa a hundred and
twenty million, a hundred million dollars, which you wouldn't
be far away on. It's a big figure in this financial climate,"
he said.
Little wonder, then, that some supporters have been
perplexed to see the manager trading mainly in free transfers
and lower division players untried at Championship level this
summer, despite raking in around £6.5m from the sale of several
of the club's highest earners.
With no sign yet of that transfer pot from the board, the
inevitable impression is that manager Paul Jewell has been
subsidising the club with his transfer activity rather than the
other way around and, with the big kick-off two days away,
concerns remain.
Have the current owners put in new money since podding up
around £14m in part payment for the former directors' shares in
January and, if so, when and how much?
What is the current level of debt, if any? When will Jewell
get that transfer jackpot?
Come on. You can trust us. We're nice guys too.











Comments
by Rambo, Derby
Thursday, August 07 2008, 12:10PM
“Welcome back Mr Hallam - I have to be honest and tell you I was fearing you return could prove a little too inflamatory for most - however I must congratulate you on this article. I had the oppurtunity to pose some of the questions you ask to Mr Glick himself the other day - but he ran off before I could say hello. I honestly do not see why they cant be more transparent given that come April, when the accounts are published, it will become public knowledge anyhow. It is all very well and good playing cards close to the chest in terms of not being held to ransom on transfers by clubs who know that you have wads of cash. There are fears that need addressing - and thus far we have not really been given any assurances.”