How can we be running at a loss due to the wage bill?

[simplythebest 0]

An intermediary person between buiseness and football should really be thought about. One eye on the pitch, the other one on the numbers. Nearly any professional football club employs somebody with that function as far as I know.

 

One of the ways we've been a bit behind.

[the gunslinger 3,366]

They'd have known there was a chance to walk out on their contracts if the CVA got rejected.

 

as I always say. all the players acted in their own interests including the ones who stayed. its what footballers do.

[simplythebest 0]

as I always say. all the players acted in their own interests including the ones who stayed. its what footballers do.

Edu may have had an easier time walking out.

[UCF2008 0]

An intermediary person between buiseness and football should really be thought about. One eye on the pitch, the other one on the numbers. Nearly any professional football club employs somebody with that function as far as I know.

 

I think that's why Walter was appointed. He's not a director of football either in title or function, but I think he is there to be a voice on the board for the footballing side if the business.

[DUDE 0]

Good point but I don't think this gets any close to somebody doing this job full time, rather than just advising the board.

[kuznetsov 0]

I think that's why Walter was appointed. He's not a director of football either in title or function, but I think he is there to be a voice on the board for the footballing side if the business.

 

lets hope he has no say on anything financial though!

[UCF2008 0]

lets hope he has no say on anything financial though!

 

Goes without saying really

[Darthter 542]

I took cg's comment to possibly refer to daily operating costs, out with the playing side of things.

 

ie. We pay £100 per day for electric....but bring in £75 from merchandise (very simplified example).

 

Did he not also comment that there was currently about 25% more staff than would normally be required at this level in the game and that he could run at a profit by the end of the week, but it would resemble a bloodbath?????

[Zappa 0]

I don't understand the wage bill aspect either - it could hardly be much lower. I assumed if we're making a loss it was due to other operational costs for the stadium and match day expenses. Our turnover must be over 20m this year so with a wage bill of 7m it means we're spending more than 13m on everything else. How much loss are we forecasting?

 

However, we used to have an income of over 50m and a wage bill of 30 odd million which left 20m for costs and still often made a loss. With the size of our crowds perhaps the costs have not been reduced.

 

We need to take into account that the old running costs included interest payments on our huge overdraft facility, large repayments of our long term loan, yearly payment plans for expensive players bought in plus other regular (and relatively expensive) outgoings that we no longer have such as the large media company who were running the website which is now done in-house. There's probably a bunch of other costs and payments we no longer have that could be added to that list as well.

[kuznetsov 0]

I took cg's comment to possibly refer to daily operating costs, out with the playing side of things.

 

ie. We pay £100 per day for electric....but bring in £75 from merchandise (very simplified example).

 

Did he not also comment that there was currently about 25% more staff than would normally be required at this level in the game and that he could run at a profit by the end of the week, but it would resemble a bloodbath?????

 

i doubt any club in the spl, never mind the lower leagues, have that much staff mate. we are a huge company with hundreds of employees.