Apparently Chairman Terry Brown offered his apology in the program this week. "With the benefit of hindsight one could argue that the board might have acted differently and I would like to take this opportunity to apologise to all our supporters for this misjudgement," said Brown. "In the event of relegation the club will lose around #15-20million of broadcasting revenue, will be playing four more home matches, have to pay three per cent of its gate receipts to the Nationwide League and face substantial reductions in commercial revenue. "Although significant cost savings will be needed, we will do our utmost to retain as strong a playing squad as possible in order to have the best possible chance of immediately returning to the Premier League. "With the next batch of youngsters now emerging from the Academy ready to augment the first-team squad we have every reason to be optimistic. "If we sadly lose our fight for Premiership survival then the battle for our club, as one of England's leading football teams, will begin and we will all need to work towards a speedy return to the Premiership.
They were relegated from the First Division to the First Division in 1993. That was the season the Premiership was created. Then they went back up the next season and have been there ever since.
Brown is a filthy twat. Here is a piece about his maths, bearing in mind he's an accountant. If we go down there will be a 2% reduction in the price of your season ticket and TB first of all argues that with 4 extra games next year this really represents a reduction of more like 27%, and then the calculator really goes into overdrive as he expands this to a reduction of 'almost a third'. That was lifted from another site. The gall of the man. He also calls for belt tightening whilst raising wages for the board. I hate him.
The bit about raising wages of the board, after the apology is pathetic. Hey Brown! We don't have enough money to keep our players, so I propose a 27% reduction in the salary of the board, and I can convince Paul Allen to take over, 100% of your salary.
What can of Apology is this: to put my own spin on it 'I am sorry we didn't do well enough to make Money next year' Horsecrap! He should only be sorry we are in this position, don't even mention the money! Quote: "In the event of relegation the club will lose around #15-20million of broadcasting revenue, will be playing four more home matches, have to pay three per cent of its gate receipts to the Nationwide League and face substantial reductions in commercial revenue. "Although significant cost savings will be needed, we will do our utmost to retain as strong a playing squad as possible in order to have the best possible chance of immediately returning to the Premier League.