Huddersfield Town Huddersfield Town’s relegation’s financial cost is revealed as Kevin Nagle vows for the Terriers admin May 10, 2024 3 min read Owner Kevin Nagle of Huddersfield Town has admitted that the team will “lose millions of pounds” as a result of their League One relegation. The Terriers, who finished second from last in the Championship, are starting to get ready for their first third-tier season since 2012. Notwithstanding the harsh financial reality of relegation, Nagle has promised to keep making “all-around investments” to position the team for a return to the second division. In his season-ending journal on X, the Terriers owner stated, “We knew whether they were relegated last year or this year, we were going to take it and invest in it, and we have.” “That component, in my opinion, has persisted even though the team did not play very well on the field. In actuality, we kept making investments. We didn’t have a chief operating officer, chief financial officer, chief revenue officer, or chief executive when I came here, and a lot of the infrastructure underneath that has been replaced. That has all been completed, they are prepared to proceed, and they are currently functioning. That pertains to both the present and the upcoming year, as well as any further years that may come. That excludes the actual work we’ve done for the club. We’re starting to make significant investments in the training area. We are constructing on the past, present, and future of our academy, as evidenced by the remarkable improvements that are taking place there now. Pitch modifications, infrastructure upgrades, and building relocations and replacements are all happening. “There are a lot of other factors as well that don’t show up on the field right now, but they will in the future. Right or wrong, I’ve always said that having an infrastructure in place is necessary if you want to advance, and that’s what we’re building.” When asked how relegation would affect the club’s finances, Nagle responded, “There’s no question about it—we’ll lose millions of pounds because the Championship league funding is going to stop.” The truth is that changes also take place at the same time, with lower salaries and other benefits for coaches, players, and other staff members. “After that, there is a portion that I will just absorb, and we are dedicated to it. That isn’t a problem for us; as I previously stated, we are investing and will continue to do so in all areas. As a result, I think we will field a very competitive team the next season. Town had a difficult season overall, and the Terriers only managed to stay out of the relegation zone until late in the game before falling to the bottom. In 46 games, the Terriers managed just nine victories and eighteen draws. Nagle recognized the detrimental effects of draws on his team’s season. Under Darren Moore, Town drew 11 of those contests, and Nagle later acknowledged that, in retrospect, he ought to have fired the manager sooner to give his team a better chance of avoiding relegation. When asked what he would have done differently in his first year as owner, he said, “I would say that we probably waited a little bit too long (to make a change) on our second coach.” “You might recall that, to avoid overly justifying things, we had numerous injuries at that period. Darren is a great guy, by the way, and we discussed tying a lot when we spoke with him. “Moving those ties to wins was the major topic that we discussed, and he stated that was his intention and that it will happen. Regretfully, it simply did not transpire. “It turns out that we were demoted by [six] points; those are two games that you could either win or lose, or you could solve the problem [by other methods].” When there are ties, first place results in relegation, which is what happened to us. I dislike ties, but I’m not laughing about it. Maybe I’m partial to road ties, but we have to prevail. “You often hear people talk about [us having] a string of unfortunate events that happened; I don’t want to hide behind that. We had some bad luck.” I’m prepared to go because, in all honesty, we didn’t make it. Let’s go on. GET MORE NEWS HERE Tags: Huddersfield Town Continue Reading Previous Previous post: Before returning to League One, Huddersfield and Birmingham battle for a Sheffield Wednesday deal.Next Next post: New target: Derby is currently considering a move to sign a “great” new jewel, but another offer has already been made. Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment.