- May 28, 2013
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We were the best and biggest payers in the late 80's along with being the club first to spend £2m+ for Gascoigne in 1988. Scholar's problem was his obsession with diversifying into areas that failed.. Hummel being one. Knitwear business being another. This along with probably over spending on Gazza, Lineker and Stewart pushed us to a financial melt down. I still don't believe the position when Sugar bought us was as dire as everyone makes out, as Midland bank was never going to liquidate a football institution.
Sugar is no mug and would never of sanctioned buying the club for the love of it. He saw a fantastic asset at a knock down price and then pounced along with El Tel. Sugar. He then had 10 or so years at the helm when the club limped through it's most turgid and dire times known to man!
I question the idea that Sugar is no mug, just because Amstrad once made him money. Many of his business ventures have failed one way or another, including THFC, where he spectacularly failed to capitalise on the PL/technology/SkyTV/CL revolution, leaving us 15 years or more behind the curve.
We're only now starting to properly catch up, so to be criticised by supporters of other clubs for only having overtaken Arsenal, Man Utd., Man City and Liverpool, and being just pipped by a Europe-free financial-doping fraud of a club in Chelsea, is simply envy-fuelled gibberish.