Someone on the SHA forum asked if it was ok to be scared about what might happen if Blues splash out a lot of cash and don’t get promoted. My answer to that question is, “Yes, it is always ok for Birmingham City supporters to feel afraid.”
Even when things are going well, it is not unreasonable to be afraid. Anyone who has supported the Blues for any length of time can remember at least one occasion when Blues snatched defeat from a winning situation. The game that sticks in my mind is the one with Swindon in 1993; Blues were winning 4-1 with about 20 minutes left to play but it ended with a 4-6 win for Swindon.
There are plenty of examples of clubs ending up in financial trouble because they failed to gain promotion despite spending a lot. One of the most dramatic was Bradford City, who made some expensive signings after they narrowly managed to escape relegation from the Premier League in 2000. Bradford was relegated the following season, attendances declined and TV income was lower than expected because ITV Digital went into administration. In 2002 Bradford City also went into administration.
Harry Rednapp is not everyone’s favourite manager. A 2014 article on Why does everybody hate Harry Rednapp? said, “Most Portsmouth fans hate him for jumping ship for Southampton, before returning to oversee an era of lavish short-termist spending which ultimately brought the club to its knees.”
Next season might end with promotion or as another disaster. So, I think the poster on the SHA forum is right to be concerned about what’s happening now, which he described as “long term planning being booted out in favour of chucking the sink at going up this season”. Slow and steady progress is not so exciting as big-name signings but it is a lot safer way to run a football club.