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Master Coin 31 May 17 6.32pm | |
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Originally posted by bubble wrap
Why though? just with the TV deal the club get something like £165m thats without sponsorship,ticket sales etc etc. We must turnover £180m. Not sure where you get any of these numbers from. Our total turnover last year was (per the accounts) £102m of which £78m came from TV deals (NB: we made an £8m loss on that last year). TV money is up from £78m to £115m for 2016-2017 per the below link so that would put our total revenue (assuming no increase in ticket sales / sponsorship) to £139m. Last years wage bill alone was £80m (and one can only assume that with signings like Townsend, Benteke, PVA and Schlupp since then that has gone up a fair bit so conservatively I'd say our wage bill alone is probably around £90-95m. Add in other expenses and I'm not sure where your mountains of cash come from. Especially since we spunked close to £30m on two left backs in January already....
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Rudi Hedman Caterham 31 May 17 6.39pm | |
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Yes to the above and Bexleydave. If Sam stayed it would've been Sakho and 1 other. With a new manager it might now be no Sakho but 3 or 4. This is if we don't sell any of the valued 15. If we do the manager gets more. I doubt our net spend will go over £30. It may not even reach that. But there are potentially a lot of wages exiting the club so it may not be as tight.
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Painter Croydon 31 May 17 6.48pm | |
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Originally posted by Master Coin
Not sure where you get any of these numbers from. Our total turnover last year was (per the accounts) £102m of which £78m came from TV deals (NB: we made an £8m loss on that last year). TV money is up from £78m to £115m for 2016-2017 per the below link so that would put our total revenue (assuming no increase in ticket sales / sponsorship) to £139m. Last years wage bill alone was £80m (and one can only assume that with signings like Townsend, Benteke, PVA and Schlupp since then that has gone up a fair bit so conservatively I'd say our wage bill alone is probably around £90-95m. Add in other expenses and I'm not sure where your mountains of cash come from. Especially since we spunked close to £30m on two left backs in January already.... Excellent post that reflects the reality. Everyone hears how much money clubs are getting in the Premier, but cost of running the club goes up as well. The hidden cost is wages, everyone sees the transfer fee, but doesn't work out how much they really cost. If you sign a player on a 4 year deal on £50k a week, over 4 years he will cost £10.4m in wages.
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Ginger Pubic Wig Wickham de L'Ouest 31 May 17 6.55pm | |
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Originally posted by Master Coin
Not sure where you get any of these numbers from. Our total turnover last year was (per the accounts) £102m of which £78m came from TV deals (NB: we made an £8m loss on that last year). TV money is up from £78m to £115m for 2016-2017 per the below link so that would put our total revenue (assuming no increase in ticket sales / sponsorship) to £139m. Last years wage bill alone was £80m (and one can only assume that with signings like Townsend, Benteke, PVA and Schlupp since then that has gone up a fair bit so conservatively I'd say our wage bill alone is probably around £90-95m. Add in other expenses and I'm not sure where your mountains of cash come from. Especially since we spunked close to £30m on two left backs in January already.... Thanks to the OP and thanks for this. I would estimate we are at about 75m to 80m on wages NOW but you could be right. Don't see why totalsportek, which seems a
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Mstrobez 31 May 17 7.00pm | |
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Originally posted by Painter
Excellent post that reflects the reality. Everyone hears how much money clubs are getting in the Premier, but cost of running the club goes up as well. The hidden cost is wages, everyone sees the transfer fee, but doesn't work out how much they really cost. If you sign a player on a 4 year deal on £50k a week, over 4 years he will cost £10.4m in wages. May be true but the reality is then we could well be in a lot of trouble this season. I always thought there was more to Sam leaving than simply retiring, it's as if we made his mind up for him.
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Master Coin 31 May 17 7.05pm | |
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Totalsportek was just for the TV income for the 2016-2017 season (which is formulaic so I'm confident they got it right). My figure of £80m wages comes from the 30 June 2016 accounts (ie was for the wage bill prior to signing Benteke, Schlupp, PVA etc etc). I'd say the figure of £90m-£95m is about right. In terms of clearing out, we actually managed a 'decent' job last summer of sort of balancing the books. We obviously spent big on Benteke and Townsend but recouped a lot of that through Bolasie and Gayle. Unfortunately, unlike last year I don't see a lot of obvious areas to 'cash in'. The good news this year is there are a few players (like Ledley, Campbell etc who will fall off the wage bill).
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nairb75 Baltimore 31 May 17 7.07pm | |
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Originally posted by exiledeagle123
Is there a link to SP conversation there is but you need to be a subscriber to the service (sirius/xm is the name, if you happen to have a work around). i'm pretty sure you can't access it outside north american but could be wrong. to clarify the sakho thing/how many guys in: it sounded more as if he would give the new manager flexibility on what he thought was important. also that he'll be entirely forthcoming about the budget. and maybe he feels good about wickham and soure coming back this year. he stressed that he spent a good bit in january already. i didn't take it that he's white knuckling the purse strings but being realistic about what he can do. very similar to what he's said countless other times. noting his strongest opinion overall was around the new manager. he really stressed the need for a fit around the right style of play and someone who can fit our personnel. ie - no pulis types will be considered. Edited by nairb75 (31 May 2017 7.13pm)
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Master Coin 31 May 17 7.18pm | |
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Originally posted by Mstrobez
May be true but the reality is then we could well be in a lot of trouble this season. I always thought there was more to Sam leaving than simply retiring, it's as if we made his mind up for him. Its not quite that straightforward as cashflows and profits aren't the same thing and there will be items which you can't recognise in a set of accounts but are actually pretty valuable. For example, Bolasie would have been on our books at a negligible value based on the trivial amount we paid Bristol for him whilst his wages would have gone through as costs to the business. From a lenders perspective though they'd manually adjust the accounts to factor him in. They can basically do the same with Zaha knowing they can dip into a few losses and loans here and there knowing they can cash in to balance the books if needed. We should be able to spend a bit this summer but just casually thinking we can smash £60m on two players with minimal coming the other way and no consequences is naïve.
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JohnB 31 May 17 7.34pm | |
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Originally posted by bexleydave
Yes that one always comes up in relation to us, but never seems to bother, say Bournemouth, for example. I drew very little hope, if any at all, that we've any intention of signing Sakho. The only way the "signing one or two if Sam had stayed" scenario could make sense would be that he was amenable to signing just Sakho (and maybe one more) and we wouldn't get that sort of agreement from a new manager. So now he's gone the Sakho idea is ditched because we know we're going to have to offer a new manager some sort of budget to work with. Bournemouth's net spend on transfers was about £11m last year and ours was closer to £45m. *I THINK* FFP allows you to make a loss of a certain amount over a 36 month period. If you exceed that loss then you get a 5 point deduction in the league if you stay in it the following season. Wages are calculated differently and if you exceed your wage limit, then you are fined a percentage of the amount over the allowed limit. So if you can spend £70 mil a year on wages and you actually spend £80mil a year you would be fined a percentage of the £10mil overspend. Don't ask how wage limits are set as I haven't got a clue.
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rollercoaster Cornwall 31 May 17 7.41pm | |
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Of course, let's bankrupt the club to make sure a few 'name ' players have a season with us. Some people will never learn. Of course Parish and the Americans should throw away their own money to reduce they abuse they receive from so called fans. The comments on here are really getting to me now!
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Brinscall Eagle Brinscall Lancashire/ Villamartin ... 31 May 17 8.11pm | |
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Originally posted by rollercoaster
Of course, let's bankrupt the club to make sure a few 'name ' players have a season with us. Some people will never learn. Of course Parish and the Americans should throw away their own money to reduce they abuse they receive from so called fans. The comments on here are really getting to me now! BFS as I understood it told SP that he wanted to go and it was not because SP told him about what money was available he knows the realities of football more than most. BFS is just not a progressive manager and is a one trick pony.
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rollercoaster Cornwall 31 May 17 8.25pm | |
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Originally posted by Brinscall Eagle
BFS as I understood it told SP that he wanted to go and it was not because SP told him about what money was available he knows the realities of football more than most. BFS is just not a progressive manager and is a one trick pony. BS was not a one trick pony, if you saw his Bolton side you would know that. Of course BS told SP he wanted to go, that is my point. I should have learnt long ago not to be sarcastic on this forum. Sorry, just all getting to me.
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