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Nugent's Nuggets Could Be Fools Gold

Nugent's Nuggets Could Be Fools Gold

Most Clarets fans will be disappointed by today's news that the Club do not have the resources needed to bring David Nugent to Turf Moor on a permanent basis.

Nugent of course is currently on loan from Portsmouth and Coyle has made no secret of the fact that he admires the player and would like to sign him permanently. David Nugent has also made it clear he wants to stay.

However today on the Official Site Owen Coyle says:

'Financially what the cost would be, and indeed salary-wise, would be out with our realms of possibility'

It would appear that our only option would be to try and negotiate an extended loan for the player to the end of the season

'I would certainly like to extend his loan,' confirmed Coyle.

The financial situation at Portsmouth is of course now legendary and basically precarious to say the least so they will be looking to maximise the amount of profit they can get from selling players in the January transfer window to keep HM Revenue & Customs at bay.

The danger for the Clarets is that another Premier League club could be interested in signing Nugent and since they all have bigger budgets (so we are told) than we have, they would have a high chance of stealing him from under our noses.

Pompey are of course going to bite their hands off if offers come in making our chances of signing him on loan somewhat remote.

David Nugent could himself help the situation by accepting a much lower salary at Burnley. He seems to want to stay at the club but if that meant a significant pay cut would he still show the same loyalty and wish to stay? Should we even expect him to?

It is difficult to know sometimes what the Board is thinking. To a man they all of course want us to stay in the top flight with all the financial rewards that would bring but then words are cheap and actions we are told speak louder than words.

The problem is if that action involves digging deep into the coffers and taking some calculated financial risks then it would appear it could be a bridge too far.

People who are loathe to criticise the Board will say that if there is no money in the budget we should accept that but is that the whole story?

We are all expected of course to trust and support the Board and none of us truly know what the financial situation is at the club on a day to day basis taking into account cashflow and Director's Loans. We pick up the odd statement and we read what is said at the AGM. We hear that the club want to remain debt-free but to what extent and at what cost?

We are told that promotion to the Premier League is worth £60 million to those clubs that achieve it although of course there isn't this one big chunk available all at once. We have all experienced 'Fortress Turf Moor' too this season with average gates above 20,000 with all the financial benefit that entails.

Do we not owe it to ourselves to try and keep this nirvana going by our actions not words?

David Nugent cost Portsmouth £6 million and his value surely is now less than that but even if they still demanded £6 million, Clarets fans would be forgiven for thinking it all seems a drop in the ocean compared to the other financial benefits we are currently enjoying in the Premier League.

Sometimes it just feels like we are continuing with the 'sticking plaster' approach we got so used to in the Championship. Let's be brutally honest though, we would still be there if money was not found for Owen Coyle to build the team he did and that was precisely the calculated risk that was taken back then.

Now it seems we still have to contend with 'sticking plasters' in the top flight, the only difference being they are better quality and might stay on for longer.

If we don't survive this season will all the Board Members hand on heart accept our fate or will they privately be saying to themselves if only we had taken that extra financial risk and found the money for Nugent and others in the January window?

I just sense sometimes that they seem willing to accept relegation, rely on parachute payments and try again rather than do everything they can now to give us the maximum chance of staying up this time round and reaping the far greater financial benefits if we succeed.

Of course, this will provoke a lot of debate but in the end I will support whatever the Board do whilst hoping they really do prove me wrong.

Tell us what you think about the Nugent situation below this article or in our forums.

This article is purely the individual opinion of the Editor and has no bearing on any other Clarets organisation of which he is involved

Click here to join in the debate on the club forum.

Date:Thursday December 31 2009
Time: 3:07PM


Well I wanted to get it off my chest so there!!
31/12/2009 15:16:00
If their is no money for new transfers - their is no money. This is something we need to accept in my opinion. A large portion of the money we received for getting promoted has probably gone on existing debts. If we go down, we go down - but lets have a club with better finances as a result.
31/12/2009 15:39:00
There is no money for me to buy a 40 inch HD TV and I don't have a contract at the moment but I know I could take the risk and get a loan and survive and be much happier in the long run. If not I could just sell the blessed thing and recoup some of my losses. Smaller scale but of course principle is the same.The problem is we are not party to the club's risk taking and have to trust what they do but I still ask if we go down, whether they will live perfectly happy with their decisions they have previously made or whether they will have regrets when its too late? I think what has happened is that we were caught out by our own success on the pitch with the Board totally unprepared for the top flight. It's all very frustrating
31/12/2009 15:57:00
Thats why it is so important to the club to have at least one more season in the premier league to get many more millions. Even then we could not go on a mad spending spree.
grimsby claret
31/12/2009 16:12:00
Yes - I think the principle is very similar. My outlook on that would be that if I didnt have a contract ( assume you mean emplyoment), I wouldnt be making purchases which were 'unnecessary' - If the contract doesnt come, I would imagine you would make a substantial loss and be further out of pocket. From what I can gather, risks have been taken in the past but these were more out of necessity and we only managed to balance this with promotion to the PL. If we hadnt - who knows where we would be? I do not want Burnley to ever be in a situation again where they have to win a game to avoid finanicial meltdown and would therefore prefer them to take a 'safer/budgeted' outlook rather than a 'risky/hopeful' view. Everyone is different ( I am nore cautious, others less so), but I do not think that the board should be blamed if they take a safer approach that helps ensure the future of the club!
31/12/2009 16:14:00
No Dale it's an assessment of the CHANCES of me getting another contract in 2010 and the risks of getting something to keep me happy in the meantime. I am not averse to risk taking when its calculated. There is a huge grey area in my opinion between 'safer/budgeted' and 'risky/hopeful' and that depends on the individuals making the decisions and their stance on risk-taking. Of course I don't know but I don't suspect for one minute all of those on the Board would be in agreement and of one mind on the degree of risk taking but suggest they would accept 'collective responsibility based on a democratic vote of all Board Members. We just don't know but I just hope they have the balance right and don't live to regret it
31/12/2009 16:31:00
Yes I agree that all board members are unlikely to have the same view on the degree of risk and this is something that they will need to discuss and hopefully come to a collective conclusion. We will see what they come up with. Could it be that the signing of say Nugent is a calculated risk and would give us a better CHANCE of survival? You may be right.
31/12/2009 16:37:00
£5m for Nugent and a doubling of his wages? I can't see either happening.We can only afford him at the moment presumably because Portsmouth are paying half his wages. If the club had that sort of money to spend, I think they'd spend it in other ways. I certainly wouldn't put all my eggs in the Nugent basket.
31/12/2009 16:46:00
Not sure they have any eggs though JJ,not even sure they can afford the bloody basket!!
31/12/2009 16:49:00
Ask Nugent to accept a paycut? good luck with that one :))
31/12/2009 17:13:00
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