The state of football's finances

I'm sure this isn't the only story about it, but found an interesting article in the Yorkshire Post today about football finances.

http://www.yorkshirepost.co.uk/spor...ancial_rules_can_t_come_soon_enough_1_4066373

I can't believe that Bristol City, Forest, Portsmouth, Ipswich, QPR and others are willing to pay THAT much more than their annual turnover in wages alone. It really is time for chairmen to come together and say we can't do this anymore.

I'm glad Barnsley refuse to live beyond our means, and despite what I've read from many posters about our budget this season (unambitious, just as much as last year etc) I fully support the board with only spending what we earn. Keith Hill has done well so far on that budget, and our long term development will be in safe hands under him and Flicker.

I just hope that when the transfer rumours start gathering pace in January that our fans don't get too carried away and realise that chucking money at players doesn't guarantee success.

 

Have a google for premiership debt 2010 there's an article on the guardian website. The article its self is a little wishy-washy but check out the pdf links. Its a simple breakdown of all twenty clubs finances at the end of that tax year. Have a gander of how many clubs broke even and gives a percentage to turnover that clubs spend on wages.. Villa for example if I recall correctly are over a hundred and ten million in debt and blew almost ninety per cent of turn over on wages.

 

Its absolutely scandalous what players, agents and chairman have done to football. The whole damn lot of the premier league can go to the wall for me, maybe then we might get our game back.

 

Unfortunately the sillyness is starting to infect the championship more and more as time goes on. I wouldn't dare to guess what state Birmingham's and postsmouths books are in given the well publicised money troubles. I think it would be prudent to say that both these clubs have players on their books who's salaries are over the million a year mark.
Its only a matter of time before it collapses in up on its self. I wonder how many clubs are having the bank on the phone every day?

 

But we haven't lived within our means though to the tune of about £3m a year invested by PC.

 

Could be more than one championship club going into administration in before the end of the season. My favourite story is of Coventry City on about trying to raise funds through a premium line where FANS decide the substitutions.......

http://www.mirrorfootball.co.uk/new...of-London-based-hedge-fund-article842913.html

I can't see that catching on at Oakwell Our players budget is 8 million a year. Coventry are trying to slash 9 million off their budget. Even after that is done it will likely still be more than our budget, which begs the question what wages are they on for bottom of the league.......

 

I fully agree

Cheese on toast is far superior to beans on toast.

I'm glad we cleared that up.

 

Boo, rubbish Dave

Stop spoiling this speculative thread with “facts“ and so called “figures“.

Personally, I remember when players were paid in Pixie Dust.

 

Re: I fully agree

matter of opinion i say (parp) oops i'll just go and check.

 

Merry Christmas

Baldy.

 

Re: Merry Christmas

Same to you, Deacony.

 

I know Dave, but it appears the club took a realistic look at it in pre-season and decided we had to proactively deal with that issue.

This season we've slashed the budget (along with the TV revenue cut for 2012/13 season) in order to start strategically dealing with our annual budget. Two strategies we've created (and done something about) is living within our means on our playing budget and developing saleable assets (academy and first team squad). If these two things work in harmony the long term future of the club should be more secure without the ongoing invest of Patrick Cryne. We should not expect him to bail us out, or "show ambition" as some people call it. He's already a hero in my eyes for what he's done so far.

As they say "A real friend is the one who walks in when the rest of the world walk out"

 

You have missed Daves point

His massive fecking nose.
Biggest point I ever saw.

Godspeed.