Tuesday’s announcement that the club lost an incredible £50million over the last financial year, inflating debt levels to more than £163m, has cast a cloud over the Reebok ahead of tomorrow’s FA Cup clash against Blackpool.
Whites’ fans, uncertain about the direction the club is taking, voiced their frustrations in the New Year’s Day draw against Middlesbrough.
Freedman – who has also come under fire from fans in a dismal first half of the Championship season – insists he was in full possession of the facts before the accounts were published.
Well-versed in managing a club under serious financial constraints from his time at Crystal Palace, the Scot is confident he can still keep Wanderers competitive and invest in the current transfer window despite not having the budget of some of his predecessors.
“The club have a policy and I’m here to implement it,” he said.
“We want to stay with a team that can challenge on the pitch but I also know I have to get the wage budget in line with the Financial Fair Play.
“It is very challenging but on both fronts we understand where we are.
“When teams come down from the Premier League into the Championship they carry with them such a large wage bill and sometimes you can’t get the club moving until it is brought back down.
“I am trying to do small deals so that the club keeps going forward but we’ve got such a great level of debt we have to do it very carefully.
“The level of debt has not come as a surprise to me. “When you work as a professional coach at any club it will be difficult. Nothing has been hidden from me at all.
“We’re not a team who can go out and splash money but I think the money I have spent has been done quite wisely.”
Freedman is looking to make defensive signings this month but anything beyond loan deals could hinge on him moving on some of the bigger earners in his squad.
David Ngog, who scored the goal to salvage a point against Middlesbrough, remains the most likely to leave but, as yet, no firm bids have come forward.
“There has been absolutely no concrete interest in anyone,” said Freedman. “In fact, I don’t think anyone has come in and bought a player since I have been at the club.
“No-one has put a bid on the table for one of my players.
“I can’t keep stacking players up – you have got to be sensible in what you are doing. I still believe we are competitive even though it’s not quite going our way.
“It’s not through lack of commitment or organisation or quality. It’s down to simple concentration at the beginning of games. “It is having such a big effect on our season.”