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Episode 374: Let's talk sportsrepublic and money...
138 Plays15 days ago
Southampton –There's an elephant in the room after a lackluster transfer market, so lets get it out there...
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Transcript
Introduction and Transfer Deadline Day
00:00:13
DailySaintsPod
Hello and welcome back to the Daily Saints pod. My name is Greg and as always today joined by my good friend and wonderful co-host Zach. How you doing mate? You alright?
00:00:23
Zak
Yeah, I'm alright. Deadline day's over.
00:00:27
DailySaintsPod
Yeah.
00:00:27
Zak
We are now where we are.
00:00:29
DailySaintsPod
Yeah.
00:00:30
Zak
Sure.
00:00:30
DailySaintsPod
I think that that's...
00:00:31
Zak
I've seen some more positive outlooks on the whole situation, to be fair. and like I think ours was probably slightly negative, but at the same time, it's just...
00:00:36
DailySaintsPod
Yeah.
00:00:41
Zak
don't It's just how i feel about it. I'm not going to apologise for I just don't think it was a great window for us.
00:00:46
DailySaintsPod
Yeah, look, it feels very me is how I would describe it. Just very, very tepid.
00:00:52
Zak
Mm.
00:00:55
DailySaintsPod
But look, maybe we'll kick on from here the rest of the season and and have a good run and and it'll all's
Allegations of Financial Misconduct
00:01:02
DailySaintsPod
well that ends well. But I don't know. we'll We'll have to wait and see.
00:01:07
DailySaintsPod
But sir to shelve that for for today, i have... I've gone away and and gone down a rabbit hole.
00:01:18
DailySaintsPod
And so maybe, Zach, the best place to start is just at the start, right? So we saw on Friday night, as I'm sure many of you will have seen on Twitter, a French investigative journalist posting a a YouTube video tearing apart the the management and directors of our sister club, Valenciennes, and their...
00:01:46
DailySaintsPod
It's called the biggest scandal in French football. They're living a lavish lifestyle and the club is hemorrhaging a million pound or a million euros a month whilst they're out partying and using private jets and they're about to have a huge round of redundancies and and it's it's shameful.
00:02:09
DailySaintsPod
Now Valenciennes is in the third tier. of a French football, for those unaware, and obviously Sports Republic owned. The management in question, as far as I can tell from from watching the video, were not directly linked to to the same part of Sports Republic that that runs Southampton, but they are directors and managers that were put in charge by by them, right?
00:02:38
DailySaintsPod
Now, this video didn't cite any sources, was just this this journalist saying that that this is the the case as he knows it from his sources and his time around the club. So, you know, with without the additional sources, I can't verify it myself.
00:02:59
DailySaintsPod
it's This is his word and what what he's come out and said. So that's
00:03:03
Zak
It's probably probably one of my only real criticisms is that like we try
Investigating Financial Discrepancies
00:03:06
Zak
to... don't know if it's just my background of history degree or whatever, but like whenever we try and cover things, unless I explicitly am unable to or it's just like something off Twitter, which we'll explicitly state this is something I've read off of Twitter, we try and like post our sources, especially when I do like profile episodes and things.
00:03:24
DailySaintsPod
Yeah.
00:03:26
Zak
And like, I have no doubt that, you know, if you've if you've written for multiple, you know, reputable news outlets, yeah, there's there's probably evidence behind it It's just frustrating not not having any of that sources linked.
00:03:39
Zak
Like, it's really easy to buy the guy's book.
00:03:39
DailySaintsPod
Yeah.
00:03:43
DailySaintsPod
yes
00:03:43
Zak
that's That's it. That's my only criticism. is I'd have really liked to have seen more of where this has all come from. and you know like We were looking to do to do something about our illustrious ownership, but there's also, I think, the the worry of...
00:04:01
Zak
them being quite litigious has been has been brought up and like, I can't fight a lawsuit.
00:04:04
DailySaintsPod
Yeah.
00:04:06
Zak
But there has definitely been things that we started looking into and things that we've read in the past that we we were kind of like, well, let's see if we can put an episode together.
00:04:06
DailySaintsPod
Yeah. and
00:04:15
Zak
And, you know, we kind of stepped back for a while. But then after that, you fell into a rabbit hole because I watched like a translated version of that video you did. And then I went to the cinema and came back and you were just dumping financial bits of data on me like I was meant to understand what it means because you're far better than numbers that I am.
00:04:37
DailySaintsPod
Yeah, and so, right, so that's the start point. That was the the trigger of of this exercise, right? You know, big, big scandal, club hemorrhaging money, and the financial regulations in France on football are harsh if you breach them, right? We saw that with Bordeaux, right? They just straight out got kicked out in the league. So it's you know It's a point of concern.
00:05:05
DailySaintsPod
And then, in addition to that, we saw a video over the weekend, i think you sent it to me, of of was it Rasmus Ankersen at Gestepay,
Critique of Multi-Club Ownership
00:05:16
Zak
Yeah, I think i think that video's been knocking around for a while. I think it was potentially like when even they like took them over. I don't think it's like a new thing, but obviously it's not doing the rounds when it's like, well, this is actually what people think of our club.
00:05:17
DailySaintsPod
citing...
00:05:22
DailySaintsPod
e
00:05:29
DailySaintsPod
Yeah, and it's... I mean, it's him coming out and saying that Gestep are a bigger club and a a higher priority than Southampton. And, you know, grain of salt, it's a press conference with Gestep, so he's... It would be almost strange for him to come out and say it the other way around, right? But, but you know, it's it's not...
00:05:51
DailySaintsPod
gone down well, adding sort fuel to the fire, and it's really, if anything, it's another knife in the back of any multi-club ownership model or suggestion thereof, because we've not seen...
00:06:08
DailySaintsPod
any benefit from it and I very much doubt we ever did a whole episode on on it feel free to go back and listen uh we went into like real details about multi-club models who they work for why they work uh spoiler alert none of those things came about to us so uh yeah so anyway let's get into into the digging that I did I'm going to start with a huge caveat here, Zach.
00:06:40
DailySaintsPod
I am not a financial expert. I am not a football rules expert or lawyer. I am going purely off of the the information available to me.
00:06:54
DailySaintsPod
I understand that... the rules, regulations and accounts are much more complicated than the basics I have tried to break them down to.
00:07:08
DailySaintsPod
So, Let's get out of the way. Big, big asterisk. But I took a look on TransferMarket and pulled in our our transfers in and our transfers out.
00:07:24
DailySaintsPod
Now, like I said, it's not quite as simple as, well, we sold so-and-so for 50 million. that's 50 million in the account. these payments are always like spread across many years which leads into different financial parts and different costs and incomes so it's not quite as clear-cut as as that but it is a good basis to understand the position of the club right it it is at a glance
00:07:58
DailySaintsPod
it's going to be in the ballpark of where we're at. So it's good. And obviously, not all of the transfer fees are made public either. So this is either the ones that have been made public or like the the best source for them.
00:08:14
DailySaintsPod
I think that's enough caveats. I think I've covered myself
Financial Outcomes and Reinvestment Strategies
00:08:17
DailySaintsPod
quite well there. So six sales. we wemates six sails And we brought in seven players, to be fair. So so six out, seven in.
00:08:33
DailySaintsPod
Obviously, we know the the sort of mixed success rate at the moment with Azaz, Yander Fellows, Leo, Damien Downs, Kwasi, and Maz Roslev coming in for for paid fees, right not including loans.
00:08:49
DailySaintsPod
So our total sales for the year were 121.6 million. But our total spend was 59 million.
00:09:02
DailySaintsPod
So as like as a ballpark figure, substantially up. Yeah, like we we made more money making sales than we spent.
00:09:12
DailySaintsPod
And then we take it back a year. And we look at the the outgoings and the incomings. Now, this was the Premier League season, to be fair. So we had five outs.
00:09:23
DailySaintsPod
Charlie Alcaraz, Sekumara, Lianco, Chileta Char, remember him? And Perrault. and
00:09:32
Zak
Yep. yep
00:09:34
DailySaintsPod
And substantially more inns. Now, with the caveat that a couple of these inns were like obligations off of the back of loan deals. So that was like Harbour-Belis for 23 million down to 17 million. i think because of the way it was structured and the way they like became our players at the point of the like loan expiration, at the point of promotion, some of it might fall into the previous financial year.
00:10:01
DailySaintsPod
But you know the total was 41.6 million out and 123 million in. So, you know, more out than in, that's like a and and nearly 80 million net loss on expenditure.
00:10:19
DailySaintsPod
But bear it in mind, it was a 70 million profit this year. Right. So that that almost like cancels each other out. This is where I'm getting to.
00:10:29
DailySaintsPod
And obviously all PSR regulations cover across three years. We'll get into that in a minute. Very numbers heavy episode. I'll pause some discussion in a minute.
00:10:44
DailySaintsPod
So in 2023, 2023, which was of course the the first relegation season, our first season in the championship, we sold lots of players, 12 in total.
00:10:58
DailySaintsPod
And only bought in for four paid fees, the players we bought in. bought in Ross Stewart for £9 million and Che Charles for £22 million.
00:11:09
DailySaintsPod
And we sold Lavia, Liveramento, Will Prowse, Teller, Solisu, Gineppo, We got a loan fee for Charlie Alcaraz. We sold Orsic for two million. We got an additional loan fee for Bellicott Chap, a loan fee for Chaleta Char, and a loan fee for Torpool. So not all full sales, but but all resulting in incoming because their their loan fees were getting that money as sort of transfer budget.
00:11:37
DailySaintsPod
So we got effectively 187.2 million in in incoming money from outgoing players, and we spent 22 million.
00:11:49
DailySaintsPod
So that's a sizable difference, right? That's 160 million in in profit. So so across the three across the three seasons that that would account for, a total spend of 204 million and a total sale or sales total of 350.4 million. 150 million pound profit across three seasons on transfers.
00:12:22
DailySaintsPod
So let's let's take the pause there before we get into the accounts and talk about that.
00:12:25
Zak
Where is that money, Greg?
00:12:30
DailySaintsPod
za what How you think about that?
00:12:37
Zak
I... Hmm. How do I feel about that? How do I... what Where is where is all the money that's being reinvested? I understand that it's a business.
00:12:45
DailySaintsPod
Yeah. Yeah. So that's...
00:12:46
Zak
I understand you need to make profit off of it. That's a lot of profit to make and then not reinvest. And I swear, if they turn around and be like, yeah, but we we built like an outdoor area where you can get a beer and we built like a fun house and a pub, it's like for 100 million.
00:13:04
Zak
like I have built a small city if I really tried. like Admittedly, the infrastructure would be great, but yeah.
00:13:06
DailySaintsPod
that
00:13:09
DailySaintsPod
Now that's the really crazy thing right now. Right.
Complexities of Football Club Financials
00:13:12
DailySaintsPod
What we, and an additional caveat, because the episode is full of them, because when you get into accounts and contracts and rules, they are deliberately complicated, right? They're complicated for a reason. They're complicated to avoid or to attempt to avoid loopholes like, Chelsea selling hotels to themselves to make money. They are complicated deliberately to attempt to avoid Leicester, who last season managed to avoid getting a points deduction in the Premier League because although they were technically in breach of the Premier League spending rules, for one of the seasons they were in a championship the Championship and it was deemed that they were out of the Premier League's jurisdiction in that period, so they were unable to punish them at that point, which they broke the rules. Right. So that's why they're complicated, because they need to be to try and prevent exploitation and loopholes.
00:14:07
DailySaintsPod
But that said, that the caveat being that when you get relegated from the Premier League, it it produces a deficit in your funds, right?
00:14:19
DailySaintsPod
Like you are not receiving as much tele television money anymore.
00:14:20
Zak
Mm-hmm.
00:14:26
DailySaintsPod
You have to drop the price of your tickets accordingly. big ticket items like your hospitality packages, the price has to drop like substantially compared to what you are able to sell them for for the Premier League, otherwise they just don't sell. So it's estimated that a season in the Championship, the the difference that it will cost you in turnover, is about £40 million. pound
00:14:52
DailySaintsPod
now Now, we got relegated, you know, bearing in mind the first season of these figures, we we were a championship club. Admittedly, that had dropped down from the Premier League. so So we had a season of that heightened turnover.
00:15:09
DailySaintsPod
And this season, we have 40 million less than that. And the transfer numbers alone, you know, effectively counteract that. And some, right? Like, it's really crazy. So then I dug a little deeper, or not really even deeper. As part of their as part being a publicly traded company, you know, Saints publish their accounts every year. So in in April they published their...
00:15:45
DailySaintsPod
their accounts for the year ending 2024. Right? so they they haven't we haven't got the year ending comes out next year But in that year, they turned a profit before interest and tax overall. With all of the club's turnover and the even with the complicated payment plans of players and transfers, like just the general overview of the club, they turned a profit before tax of £36 million, which means that across two years, they were at a loss still.
00:16:20
DailySaintsPod
of 34 million. Obviously, then a year in the Premier League will have bolstered that and presumably turned that a second year into profit. I believe the that year's profit was 6 million, but we haven't got the full accounts published yet.
00:16:38
DailySaintsPod
So that's profit, right? and And we talked about ambition. and And for a long time on this show, are our viewpoint's been... well, they've made us financially stable and they do invest stuff and we've got this, but actually the club is turning profit, like sizable profit without...
00:16:58
DailySaintsPod
real investment in, you know, you come to a window like this and and actually this is the biggest question of the episode for me is more than sort of where has the money gone?
Ownership Strategies and Communication
00:17:08
DailySaintsPod
like That kind of is what is. If we're bolstering to make a big push if we get back in the Premier League so we have the budget available to us then, you know, I can see an argument for that.
00:17:20
DailySaintsPod
Which brings me to my biggest question of the episode, which is we heard in December from Johan Spors that it wasn't going to be a busy transfer window for a number of reasons. But the main reason he stated was that the club are not in a position to do that.
00:17:38
DailySaintsPod
Now, we're in profit across. so So we were like, so... We're at a loss of something like £20 million, taking into account the £6 million profit from the fully unpublished book and what whatever we've got left to come from this year.
00:17:56
Zak
Mm-hmm.
00:17:57
DailySaintsPod
By Championship PSR rules, you are allowed to lose over a three-year period £49 million. pound And under Premier League PSR rules, and obviously for a year of of that, we would have fallen under those rules.
00:18:16
DailySaintsPod
And if we go up there, the sort of rules will be coming under again. You're allowed to lose 105 million over three years. Now, by crunching those numbers and coming to the terms we're at, we shouldn't be anywhere near those numbers over three years.
00:18:33
DailySaintsPod
right Because, you know, obviously this year will have taken a hit because of dropping to the championship.
00:18:35
Zak
to to the east.
00:18:40
DailySaintsPod
But the previous two years turned a profit. So why? Why aren't we in a position to invest? And like say, if that's because they are saving it for the summer for either a big rebuild to push to the Premier League as staying in the championship or to free up that money so that we can heavily invest,
00:19:03
DailySaintsPod
in and strengthen in going up. That's fine, but it just comes back to the whole communication thing, right, of come out and say that.
00:19:13
Zak
Yeah, and I think, you know, bear in mind, they also supposedly on the side of all of this, have this like investment plan for the area around St Mary's, right? They want to turn the whole area into an economic hub and You know, realistically, the guy backing it all is in Solok.
00:19:27
Zak
Like, he he built, like, a cable TV company and so, like, a massive empire. That's not the so very very different to to building anything, you know, anything else successfully.
00:19:38
Zak
And I feel like trying to build this successfully, like, a football club successfully clearly isn't going the way. They're also still trying, right? I can't remember if it was in Romania. They kept trying to buy the the ma by the top club there.
00:19:48
DailySaintsPod
Yeah.
00:19:49
Zak
I don't know if they were successful in the end.
00:19:50
DailySaintsPod
Yeah.
00:19:51
Zak
It might have collapsed. I can't remember.
00:19:52
DailySaintsPod
Yeah.
00:19:53
Zak
I remember it collapsed at one point, but yeah, it begs a lot of the question, you know, where, where is all of this going?
00:19:54
DailySaintsPod
yeah
00:20:00
Zak
Where is the focus going? who is in charge of what, what's actually going on? And, and from like a, and I know that again, we guess is going to talk about multi-club model again, but like,
00:20:12
Zak
If it's because they have to retain money because they're losing it elsewhere, like in in France, or because they're trying to bolster the position in Gestephi, I don't care.
00:20:23
Zak
I'm not a support reviver of those teams. but this is This is my hometown's club, and this is where you get into the larger issue around football.
00:20:25
DailySaintsPod
Yeah.
00:20:31
Zak
And and it's apt to that you know this is just after... the whole Strasbourg thing, right? You've got Liam Rossini, manager of Strasbourg, that's then been moved on to Chelsea. They've replaced him with what Gary O'Neill, I think it was, which doesn't feel like a like-for-like swap for me.
00:20:47
Zak
And now they're they're kind of picking and choosing the players they want to push back to Chelsea or take to Chelsea. And realistically, that entire club is now just being a feeder team. you know And that's probably potentially how Gestepi felt a little bit of us with us.
00:21:00
Zak
Asuki had a solid season there last year, but he's come back to us now. We had that guy that we bought one...
00:21:06
DailySaintsPod
come back to us he was he was our player we bought him amendment and then moved into him
00:21:09
Zak
Yeah, but that's my point. is that like yeah but He immediately went out on loan. You've got Tanaka, I think, is another player that's still at Valencia, sorry who you know is in their youth squad, who was a Southampton player.
00:21:24
Zak
He was brought in alongside Masuki. You've got that the one, the Brazilian striker, who never played for us but was a Southampton player, was sold for £2 million. Potentially, he could be flipped for £20 million. I think Alfie was questioned about it.
00:21:35
DailySaintsPod
Yeah, I can see that they rejected a yeah they rejected a huge for him.
00:21:47
DailySaintsPod
and
00:21:55
Zak
You know, it's it's really sort of like showing an article in a video of some like dodgy Senegalese businessman is not handy when I'm like, well, I'd rather just read it.
00:21:55
DailySaintsPod
yeah
00:22:05
Zak
Like I can use an auto translator, et cetera. But...
00:22:08
DailySaintsPod
And then you just like piece two and two together, right? And you take them hemorrhaging money and their poor management decisions to get to that point. And weird sales like Ronnie Edwards and and Adam Armstrong to some degree.
00:22:23
Zak
armor for under under double figures. That's the mad thing about it for me.
00:22:26
DailySaintsPod
Mm-hmm.
00:22:27
Zak
is's like You pointed out yesterday that you know the amount of money that's been paid for some players in the championship that are probably less valuable
00:22:28
DailySaintsPod
Yeah.
00:22:37
Zak
It very much feels like, you know, i don't think that they think we can get promoted.
00:22:40
DailySaintsPod
Yeah.
00:22:42
Zak
I don't know if they just thought it would be luck. I thought they invested a bit in the summer. But when we talk about investment, like, you know, yeah, okay, we've had better spending power than some of the other teams.
00:22:52
Zak
But, like, the reason that, you know, Leicester is in a problem is because of just years of financial mismanagement, right? with us, it it very feels much feels like it's almost like they're trying to cover up the financial mismanagement and maybe there is more to it. But the amount of transfer fees we get, like you'd love to just see that reinvested back into the squad. And if it means that, you know, we pay pay a bit above the board, like we've seen it for years. We've seen it. We've seen it since like they let Van Dijk go and reinvested all that money into just dross really. And it's, I think that that's one of the reasons yesterday just felt so odd because it's like,
00:23:28
Zak
when Where did they find the name of this bloke? like but How did they find him? like How long have they been scouting him? is it Was it just literally finding a striker that's available? Why did we accept the first bid?
00:23:40
Zak
what What's going on behind the scenes? And obviously we're not necessarily going to get all of the answers. But when you are expecting people to just consistently prop up your business through paying them, you kind of owe them a little bit.
00:23:52
Zak
and And that's where it's the misunderstanding of what football means to people.
00:23:52
DailySaintsPod
Yeah. And it's scary and it's concerning, isn't it?
Club Culture and Future Prospects
00:23:56
Zak
Yeah, for sure.
00:23:57
DailySaintsPod
Yeah.
00:23:57
Zak
And it doesn't help them diffuse this, what is going to be outcry at them that is only growing, right?
00:23:58
DailySaintsPod
And...
00:24:04
Zak
The Sports Republic out-movement, whatever you want to call it, it's getting louder constantly, right? Originally, it's a bunch of people that just, I don't think, would be happy with any level of management that any level of ownership a club had, unless they're they're owned by a conglomerate that are quite happy to inject billions of pounds in.
00:24:10
DailySaintsPod
Yeah.
00:24:21
Zak
Like, that's fine to them. But at the same time, you can't ignore like some of the shady, weird stuff going on. And we're not the only club and we won't be the last, but it's just, that you know, it's really, it's incredibly frustrating.
00:24:29
DailySaintsPod
No?
00:24:36
Zak
Everyone knew we needed more. Everyone knew, everyone knows everyone's riding the party line.
00:24:39
DailySaintsPod
Yeah.
00:24:45
Zak
communication through the top to the bottom seems to be a bit weird.
00:24:49
DailySaintsPod
The entire culture of the club seems weird and has been reported as such.
00:24:49
Zak
Yeah. Yeah.
00:24:53
DailySaintsPod
And it's... Yeah. and look And after this dig in, what what really boils down to to me is that we we try and remain sort of level and composed just as people, you and I, and that's what we present on the show.
00:25:09
DailySaintsPod
And we you know take our opinions based on evidence. and And what that has meant for the longest time is our position has been pretty categorically like, yeah, they're probably not great owners, but you know, they're owners that are not the worst that it could be. They're not doing what happened at Sheffield Wednesday or, you know, any of this sort of crazy stuff or with Gal before us or Rupert Lowe, you know, stripped us down and left us completely potless. Like,
00:25:45
DailySaintsPod
But with all of this, so what the conclusion I've come to is, I don't think I'm actively Sport Republic out, but I'm definitely not no not actively Sports Republic either. right like i' definitely i would say passively Sports Republic out.
00:26:09
DailySaintsPod
not going to be going around brandishing any banners, but my opinion has firmly changed. I think is where I sit, right? Is that sort of a reasonable deduction?
00:26:17
Zak
yeah no I've noticed it just in our in our conversations in the last like week or two and again it's because of the amount of time we put in and to To it all. And and again, just just a generally disappointing window. Like, yeah, okay, we shipped some of the quote-unquote dead wood, and that will make a lot of people happy.
00:26:35
Zak
But some things are just a little bit bizarre here and there. And just the comms out from the club in general has just been a bit terrible. And it's it's weird to kind of figure out where that's from. And, you know I'm sure we'll probably get like another summer interview where Dragan has another sit down with Alfie and promises like like a...
00:26:55
Zak
you know, caring grandfather that everything is going to be fine and that he'll only, you know, he'll find investors if they need it. But that doesn't, you know, stop the fact that if anything does go wrong, like these people usually never come out with much of an issue, do they?
00:27:11
Zak
Like, look what Roper Lowe's up to you nowadays.
00:27:12
DailySaintsPod
Nice.
00:27:13
Zak
He's not exactly it's not exactly strapped for cash, is he? So, think it's very...
00:27:16
DailySaintsPod
Nice. Exactly.
00:27:18
Zak
i think that's i think it's it's it's it's very
00:27:18
DailySaintsPod
out
00:27:22
Zak
I think it's wise to be cautious. It's wise to be cautious. It's good to pay attention to what is actually happening around the club, right? And again, like we we spend far too much time thinking about it than other people.
00:27:34
Zak
And it's why we've even been able to pick up on on patterns that it's not just a not just a disliking them because like they didn't buy a 25 goal, like a weak striker every, every window, which again, like golden unicorn, it is like systematic patterns of behavior, systematic, you know, rising of prices here, there and everywhere.
00:27:56
Zak
And just the general degradation of what, for a lot of people, is a very, very important part of their lives, part of their part of their culture, part of the culture of the town of South, you know, town city, of the surrounding area.
00:28:08
DailySaintsPod
Thank you.
00:28:09
Zak
You know, you could see all of that on display at the South Coast Derby and why it's important. And yeah, and instead, the only time we really seen to seem to see much of them is when they decide to fire a manager because it Repeated criticism.
00:28:25
Zak
And I think that, you know, the the obvious way to look back on is that when they lost the director of football and Russell Martin was kind of left in the lurch and had like, don't know, what was it Like Tony Pulis' brother doing all the scouting.
00:28:39
Zak
And we brought in some of the, yeah like it's yeah, like some of the worst, absolutely shocking transfers we've had, you know, probably one of the worst windows we've ever had.
00:28:41
DailySaintsPod
was Tony Mowbray, I think, right?
00:28:50
Zak
and And, you know, yep, it was going to get better. And yet they brought somebody in that may they trust. But don't know if I trust their judgment anymore.
00:28:58
DailySaintsPod
No.
00:28:58
Zak
we We said we'd give it this season, right? We said we'd we said we see how we do. Supposedly the buck stops with spores. And I'm wondering if the the reason that he stated that is that's what the company line is, right?
00:29:09
Zak
So I don't There's just a lot. There's a lot to so lots' process, a lot to think about. and it's Thank you very much for doing all of the digging because I'd start looking at these numbers, mate, and they'd fall out head pretty quick.
Closing Remarks
00:29:22
DailySaintsPod
You know that I instantly booted up Excel and was in my element. So that's a That's me sorted. But look, thank you. That's that's all we've got time for today. So thank you, mate, for joining me and and'm putting up with my very numbers-heavy episode. And thank you, everyone, for listening.
00:29:42
DailySaintsPod
let Let us know in the comments, in the socials, how are you feeling about it? think it's pretty clear. we're We're feeling pretty down, even off the back of arguably a good run of results, right? Seven points in three games. so I think it's a pretty strong vibe heading into at least the weekend. So we'll see. But yeah, let us know. We're Daily Saints Pod absolutely everywhere on Blue Sky, TikTok, X, Instagram, Facebook, YouTube. Let us know. Give us a like and a subscribe while you're there. It goes a long way to helping us out. We'll be back tomorrow to talk about something I'm sure much more positive. We'll find something upbeat to to waffle on about. But until then, everyone, have a wonderful day, and we'll see you then.