Showing posts with label Chairman Gao. Show all posts
Showing posts with label Chairman Gao. Show all posts

Wednesday, January 5, 2022

Chairman Gao Has Left the Building

 

Dragan Realises that Shane Long's Contract is Nearly Up

When I first started writing this blog in 2009, it was partly as a reaction against all the boardroom shenanigans that had been going on involving Rupert Lowe, which culminated in the club nearly going out of business. I was sick and tired of talking about boardroom level activity, rather than what was actually happening on the football pitch. Mind you, what was happening on the pitch was just as bad, as we got deducted 10 points and relegated to League 1. The boardroom had suddenly become the primary focus of Southampton FC and what happened on the pitch was almost secondary. It wasn’t really what I signed up for in the first place. Consequently, I’ve always tried to steer clear of talking too much about what goes on upstairs but today is a day when we can’t avoid it. After four years of, what you can only call, stagnation under Chairman Gao, he has sold his 80% shareholding to Sport Republic, a company owned by two Danes, Rasmus Ankersen and Henrik Kraft, which is an investment vehicle for Serbian media mogul Dragan Solak.  Solak's United Sports Group were Premier League rights holders in Serbia until recently, so he'll have been aware of Southampton from that and also, the Premier League would be aware of him which must have smoothed over the Fit and Proper Persons Ownership Test but the less said about that the better.
The intention of Sport Republic is to use Southampton as the start of building a multi-club empire along the lines of the City Group which of course is dominated by Manchester City. That is not anything for us as fans to worry too much about as yet but you can’t accuse the new owners of lacking ambition.  Ankersen has come in from Brentford who have a link-up with Midtjylland in Denmark (remember them?).
It’s very easy to get carried away when the club is taken over and assume that everything is now going to be rosy but there has to be an element of caution. Ownerships can only be judged over time. There were many who were excited when Chairman Gao came in with “untold riches from China” but as we know, things can change very quickly and they did when the Chinese government refused to let him invest any money overseas within a few months of taking us over.


Gao Waving Goodbye to His Liquid Assets, 4 Years Ago
Even when the Liebherr’s took us over, there was of course a change after a year when Marcus Liebherr passed away, which set in motion the series of events that ultimately lead to Chairman Gao arriving. What I like about this takeover is that it appears that they are adopting a light touch approach in that they recognise which parts of the club are working well and want to add to that rather than ripping up the whole thing and starting again. As a result, it appears that Ralph Hasenhuttl, Martin Semmens and Toby Steele will all still be in place and doing their current jobs but they will be joined on the board by Ankersen and Kraft. How much involvement they have on a day-to-day basis will of course play out over time but the noises coming from Martin Semmens indicate he is 100% happy with the way things have gone, concluding his two-year search for a new buyer. The other massive thing of course is that it appears the club has been purchased with equity, rather than some sort of leveraged buy-out against the club (Burnley’s recent takeover) or by something similar to the infamous reverse takeover (small company taking over big company) which we had in the 90s when Rupert Lowe swung into our lives.  More optimism can be taken from the fact that it was Martin Semmens brokering the deal and that Ralph Kruger had nothing to do with it. Part of the problem when Gao came in was that there was just him and his daughter and no one else and we hardly heard from either, ever since.  Rasmus Ankersen has a track record having been involved with Brentford for the last six years and in that time, Brentford have gone from being a middling Championship club who were always more likely to go down than up, to what they are now, above us in the Premier League. Kraft has vast experience of investing on Sports and Technology and as long as the personalities involved can all get along, the new guys experience makes this a win-win situation. The initial comments from the new owners are very encouraging, as are the comments from Martin Semmens.  Dragan Solak spoke of a long-term investment and praised the existing set up of the club. Henrik Kraft talked of Sport Republic being an engaged owner and of evolution rather than revolution. With those promising statements alone, we have already had as much if not more than what we had out of the Gao regime. So, I look upon this taken over as a chance for the club to move forward and get out of the holding pattern that we have been in for the last four years. I don’t expect it bound forward at 100 miles an hour because when you try and do that you invariably end up crashing into a wall or falling over a cliff anyway.  I’m sure that many would prefer an owner that came in and threw money about but that’s not for me and has bever been what Southampton are about.  

I can't be any more than cautiously optimistic at the moment.  I have some excitement and anticipation, which comes from the reasons outlined above but that's tempered by the healthy dose of cynicism, built up through supporting Saints for as long as I have. With the transfer window now being open, I would anticipate that there is now more of a chance of us bringing in a player this month but don’t expect us to suddenly be punting £50 million on someone.  With the new owners being big on Data Analytics, it'll be interesting to see if the "Moneyball" principles of recruitment that have served Brentford well, are implemented here.  Of course, it's not too different to when we were all cocky about the "black box" but it would be great to get the recruitment up to full throttle again.
Chairman Gao has gone. He hasn’t been the best of owners but he hasn’t been the worst either. His four years at the helm can be summed up as a bit of a void. There is nothing much that anyone can say about him because there has been no interaction. Hopefully now we can move on with the new more dynamic ownership of Sport Republic.

Dragan Realises that Theo Walcott has Another Year and a Half

Friday, October 18, 2019

Ross, Les and Ralph Too (and Chairman Gao)



Here's a Picture of Ross, Which Hasn't Been Used to Hype Up his Work

Ross Wilson finally left the Saints after many weeks of rumours and joined Glasgow Rangers. My initial reaction was “See you later Ross. Don’t let the door hit your arse on the way out“. For me anyway, Ross Wilson will forever be associated with the second, less successful era of Les Reed’s time at Saints. Is that fair though?

When I look at Saints struggles over the last three seasons as a whole, the finger of blame inevitably points at the departments that Wilson has been involved in. Recruitment since 2015 has on the whole, been garbage with us really only having signed (and retained) two players who will have increased in value, those being Hojbjerg and Redmond.  Since then we have signed a load of players who have been average at best and who aren’t performing well enough, we will struggle to get any money for and who are hanging around stinking out the accounts, meaning we struggle to move them on and try again. Wilson’s arrival at Rangers is being hailed as some sort of triumphant coup for them and It seems always every media release has a picture of Ross with Moussa Djenepo, who is looking like he might be successful. They don’t use a picture of Ross with Elyounoussi or Lemina or Carrillo or Hoedt or any of the other complete failures that we’ve wasted big money on. Van Dijk has been touted as a massive Ross Wilson triumph but that one happened just six months after Wilson joined and so I do wonder how much input he actually had into that one, bearing in mind Les Reed was still there and Koeman was the manager.

Is it totally Ross Wilson’s fault that the recruitment has largely gone to pot? Let’s rewind a bit.

The transfer of the set us back, certainly on the pitch, was when we tried to replace Graziano Pelle with Charlie Austin. This is where we first went down the cheap and cheerful route. Austin cost £4 million because he was in the last year of this contract and everybody seemed irrationally excited about the fact that we secured this striker for such a low fee. However, we paid peanuts and we got a monkey. We certainly didn’t get the target man striker who could lead the line like Rickie Lambert had done and Graziano had continued. Ever since Pelle left, it is no secret and no mystery that we have struggled to break teams down especially at home. We don’t seem to have a clue of what to do against teams who sit tight and defend deep against us. When you have a big target man you have the option of going over the top and it’s an option we haven’t had since we went for the cheap replacement.

Having had a bit of a moan about Wilson’s record, the question remains – has the recruitment department has been fighting with one hand behind its back? Almost certainly yes. There have been better players linked who we seemed to be in pole position for but for some reason it hasn’t happened – James Maddison who went to Leicester and a couple of years ago, the Rickie/Graziano replacement we never had - Sebastien Haller, who is now tearing it up at West Ham.  Were we penny pinching over a few quid?  Back in the days when we were plucking players out of Europe and turning them into superstars, it was a little bit easier. If you go with the basic truism of ‘you get what you pay for’ then five years ago, an absolutely top level player would cost you about £50 million and your level 2 player, the kind of player that would use Southampton as a stepping stone to greater things, you could buy for about £15 million and we did and we did very well. We signed players that would later be later sold on for huge money like Van Dijk and Mane or we signed players like Wanyama, Pelle and Tadic who did a good and effective job for us and help turned us into a club that regularly finished in the top half. 

Times have changed and top level player will now cost you £100 million plus and therefore the level of market that we want to be in will also have roughly doubled so you need to be paying £25 to £30 million to have the same success rate as we had before. The amount of money we spend on a player has gone up a little bit but it’s only gone up to about £18 or £19 million so I would suggest for that money, you are dealing with level 3 and hence players like Vestergaard, Hoedt, Elyounoussi, Lemina. Is it any wonder things are falling away?  It’s a simplistic way of looking at it I grant you but I feel it holds some water at least.

Whilst we’re on the subject and looking back at the transfer window from the summer. We spent £15 million on a striker from the Championship and that so far hasn’t worked and we spent roughly the same on a winger who looks incredibly promising but unfortunately he’s been injured for most of the season. We needed players in those positions and we needed a centre half but do you really think that Ralph would’ve wanted to wait to the last second of the transfer window to sign Kevin Danso who as I write, has not played one game in the position he was bought in for. I’m sure that he would’ve rather spent a bit more and maybe secured Willi Orban who was his captain at Leipzig and by all accounts a strong defensive organiser. Instead, we have padded out an alreaedy over-padded squad again with players who are not immediately making the first 11 any better.

This brings us on neatly to Chairman Gao. I’m sure that Gao bought the club because he liked the business model of Premier League TV income and the sideline income stream of signing a player for £15 million and then selling him for twice or three times that amount couple years later. Hasn’t really worked there has it?  What Gao needed to do first was draw a line under the mistakes that we made before he joined and fund some proper recruitment so we were recruiting players at the right level and not a lot of mediocre players who are as far as Gao is concerned, money down the drain. All he’s done with his austerity approach is to keep funding the decline by forcing us into signing third rate players who ultimately don’t achieve much either in terms of being sold on for a profit or contribution to the team itself.

Maybe a bad example but I had a sharp intake of breath when Villa signed Tyrone Mings for £25 million but in the true spirit of get what you pay for, if they sell Mings to Manchester United next summer, what do you think the price will be? It will be £75 million plus. Villa spent some serious money on their first choice target, and he triples in value in one season, Saints on the other hand, needed a transfer deadline time extension to get a loan deal with a get out clause for a 20-year-old centre back and we all expect him to be the answer to our defensive woes. 

I also think Gao needs to start funding things properly at some point because if he doesn’t, it’s not inconceivable that Ralph is going to walk.

Ralph joined Southampton because he wanted to further his career and one day be manager of a really big club. That’s fair enough. We have got to remember that Ralph has managed a team to 2nd place in Germany in one of Europe’s top leagues. That’s a level that Southampton are never going to get to, so he is by far and away above our level and it was a major coup to get him to join. In my opinion, we are letting him down at the moment with the squad that is available to him. He is not a miracle worker and we are basically playing this season with the same squad as last season so why should it really be any better? Our squad is odd – when we sold Matt Targett, I assumed that Jake Vokins was ready to be the back up to Ryan Bertrand but he’s not ready to even play in the Carabao Cup – I can’t imagine Ralph was happy going into the season with only one left back.  We have only three central midfielders who are all one-paced.  We have five centre backs and you could basically pick any two of them out of a hat.  Sure, Ralph has made some decisions that have seemed strange on the face of it in the opening weeks of the season which have raised a few questions but if things don’t change in January or at the latest next summer, then I can’t see Ralph being here too much longer.  I guess it’s a case of whether he agreed in advance to a low-budget, treading water season this year.  His stock was high at the end of last season and it is slightly lower after the start we have made this season. He won’t want that to carry on but if we as a club don’t give him the tools to work with then that’s the only way it’s going to go.  .

So after my initial celebration at the departure of Ross Wilson, I now kind of think that he was a symptom of the problem as much as he was the problem itself but he certainly shouldn’t be lamented as a great loss.  His CV reads like it belongs to one of those people you don't recruit when you are looking at them on LinkedIn.  A bit too young but has had lots of jobs and not been outstanding at any of them though it says he's brilliant.  It was interesting hearing that Saints want to replace Wilson with a ‘player trading expert’. It won’t matter who this player trading expert is unless we give them a suitable budget to work with.  No one of course wants to go into huge debt but there does seem to be many clubs around who are spending their money more wisely than we are. Looking at transfer fees paid is of course, not an exact science because it doesn’t take into account length of contract or how desperate the selling or buying club was at the time but I do believe that in the main, you do get what you pay for and the self sustaining approach that we appear to have is certainly not going to improve things quickly. Maybe we should all temper our expectations accordingly.