Yes wages and transfer fees mostly. The agents tend to make commission on all of these transactions so it gets a little more inflated. Our wage bill for 16/17 was approximately 80 million. I think it'll be closer to the 90 mark for this season. That's clearly the lion's share of the TV money gone.

Correct me if I'm wrong.

Sorry, I tried adding a link to the CPFC 2010 accounts for 15/16 (the latest ones published, as discussed in another thread) but I failed miserably.

Search for ‘Companies House Beta Service’

Then search for ‘CPFC 2010’

Then ‘Filing History’ and scroll down to the 2016 accounts.

Edited by YT (12 Jun 2018 10.27am)

Palace since 19 August 1972. Palace 1 (Tony Taylor) Liverpool 1 (Emlyn Hughes)

Are you try to suggest football is like a normal business? I don’t know of any other business, where wages are 80%+ of total revenue. I would suggest an average wage bill of 20% of turnover in most businesses.
So therefore football clubs don’t have the same operational challenges.

Well in my business Wages run at around 70-80% of turnover and that's rife throughout the industry. In most businesses I have been involved the wage layout is always 50% plus...
so if you can nip over and get my wage bill down to 20% you would make me a millionaire in a year....

Not often I reply these days, more of a reader but your post did make me chuckle and I am sure in many ways and places you may be correct but I certainly doubt that thats the case in the football industry. Mercenary players and agents gettting every penny they can and making Hay whilst the sun shines.

onwards and upwards, live everyday as if its ya last