If we are skint why don't the board...

But you're adding caveats galore. It would be nice if they spent money and it resulted in promotion. There's no guarantee of that. And obviously, anything they do spend, they'll believe will improve the situation, or they wouldn't spend that additional money.

So the long term option, what do you want them to do? Spend more money than they are, operate on break even terms, something else?

 

Thing is there's no magic wand in terms of finances, can we recruit better sure, can we improve the matchday yes, but all these factors still have limitations in terms of budget
We can pass judgement this players been rubbish etc etc that's fine I'm not knocking fans for that and yes they've got more wrong than right lately but we're not exclusive to poor signings.
I won't however and simply don't buy into the theory that they haven't put money into the club to keep us relatively competitive (not talking Birmingham level here) in the league, but your hammering them for 6m loses and then putting the money in to plug the loses ??? Your viewpoint doesn't make sense, if they turned around in May and promoted 6 kids from the academy to be first team next year and then went and loaned 5 players in and fetched in a few non league freebies and said were cutting wage bill down by 75% to become self sustainable you'd complain be honest?

You can't have you cake and eat it unfortunately wanting the club to be better with loses but wanting more money spent doesn't stack up mate.

 

Erm, play-offs last two seasons, currently 8th. Stop throwing £ millions at it and we're down in non- league teritory.

 

The attached is a snapshot of the financial realities of League One football finances at the moment, taken from the latest Deloitte report, which compares accounts for the 2022/23 season, which are the most recent ones generally available. As a reference, BFC's accounts for 2023/24 are due to be filed at Companies House by 31st March, and it's likely that most clubs will have similar overall deadlines too.



I've added BFC's info, as per their filed accounts, as a reference. We're pretty much bang on the average turnover, have a higher wage bill, resulting in a larger operating loss than the league average. After player trading is taken into account, our £4m loss was £1m better than the league average in 2022/23.

And that's the scary bit. League One clubs, on average, lost £5m each in 22/23, mainly because the average wage bill is 82% of turnover, before any other operating costs are taken into account.

I suspect that our wage bill for that season reflects a hangover effect of contracts from the previous Championship season. I'd expect a noticeable reduction when the new accounts are published, but even with almost 100% of turnover being swallowed up by wage costs, the overall result was still better than average for the division.

That's the financial reality of football finances in the current football pyramid, which is the fundamental problem faced by BFC and everyone else. After TV revenue and every other source of income is taken into account, everyone loses money in the absence of an exceptional transfer surplus, and relies on financial support from an owner in some form.

This is why no-one is queuing up to buy the club, as that's the financial burden you'd be taking on if you wanted to do so (and for each subsequent season that we spend in League One, it will probably get worse, although it will be interesting to see what the impact of this new TV contract proves to be, when we eventually get to see the data in 2026).

 

Series gone!

 

As long as they don't record a single, for charity maybe. I wouldn't like listening to that!!.

 

Was Ipswich & Wednesday in them figures? They would skew the averages by quite a bit would have thought.

 

But the same applies to pretty much every season, as the Championship listing for that season includes Birmingham, Huddersfield and Reading, all showing £20m+ wage bills in that year (there's no individual breakdown shown for League One, so I can't pick out the individual figures for the Massives and Ipswich from the report).

 

Totally agree. Its like everything they do turns to shi.te. The opposite of King Midas. They simply have to start making good decisions or else things will get worse.....again.

 

Time for a salary cap for all league one clubs

 

Yeah fair point, I was thinking it would mean most clubs in L1 would be lower than the average 8 shown, highlighting ours was even bigger difference.

 

Football in general, clubs are yearning fir more revenue streams, games in USA, more games everywhere, increase broadcast costs, ticket costs games a joke all going on wages and agent fee's.
PL won't want players leaving for La Liga etc so it will never happen things will just keep spiralling

 

The individual info for the Championship teams now in League One is eye-opening.

Brum: Turnover £20.3m, Wages £28.9m
Blackpool: T/O £17.3m, Wages £13.5m
Hudds: T/O £18.1m, Wages £21.5m
Reading: No accounts filed at the time, but 2022 was T/O £19.0m, Wages £26.7m
Rotherham: T/O £15.6m, Wages £10.3m
Wigan: T/O £15.9m, Wages £23.2m

The size of the payroll in general, relative to the L1 figures, is one thing, but look how many of them have wages in excess of turnover, and by a significant margin in most cases.

Edit: Just done a quick count and 11 of the Championship clubs that season had wages in excess of turnover, plus Reading (based on the 2022 numbers). Almost half the league, with a few others running at pretty much 100% on top of that.

 

Because folk with money aren't normally thick.

 

I’m sure that if we were scratching around in the national League for 15 yrs, we’d be a better option for a vanity project as well.

 

If I was them I'd be giving him a ring Monday. Not saying nareev and crynes hearts aren't in the right place, but my God they seem to be making a right balls up at running a football club at minute.

 

Only at the minute ?.
I'd say they've been mostly ballsing it up from the very first minute, or at least it certainly feels that way.

 

Sign two proper strikers one **** off,I've hit my peak now ?

 

I get folk having a go at the owners but for me I'd be looking at the 2 people under them, it baffles me why we wouldn't have a proper experienced football person offering advice, it screams Danny Wilson or big Mick over Malden, we seem to be blinded by trying to reinvent the wheel instead of little tweaks that give year on year improvement on the pitch.

 

To be fair they started with a hard task having to clear up the mess lee and conman left.