by Vision » 02 Oct 2009 11:31
by Thaumagurist* » 02 Oct 2009 11:32
by Dirk Gently » 02 Oct 2009 11:34
Thaumagurist* Christ, what a stupid moaning whinging thread. And anyway, why was a new one started when there was a perfectly good existing one which Zac had posted the statement on.
by kadzidlo » 02 Oct 2009 12:11
adamh4608 Does anyone know what the wage billis now
by Uke » 02 Oct 2009 12:27
adamh4608 Does anyone know what the wage billis now
by Hoop Blah » 02 Oct 2009 13:17
ScottishRoyalTerminal Boardom And fair play to the club for finally making this statement.
They deserve a lot of credit for doing this. How many other clubs would openly publish this information...
kadzidloadamh4608 Does anyone know what the wage billis now
Probably in the region of £8m - £9m
for both Staff and Players
by Silver Fox » 02 Oct 2009 13:24
brendywendy so, people moan about finances, lack of clarity, and where has all the money gone
and the club issue a statement, which they dont need to do, other than at agreed times to companys house
and then people moan that it took too long, theres notr enough info etc
i said it was a pointless excersise
by adamh4608 » 02 Oct 2009 17:32
kadzidloadamh4608 Does anyone know what the wage billis now
Probably in the region of £8m - £9m
for both Staff and Players
by adamh4608 » 02 Oct 2009 17:36
adamh4608kadzidloadamh4608 Does anyone know what the wage billis now
Probably in the region of £8m - £9m
for both Staff and Players
I think it will be a lot lower once we have are January sales as I think that the likes of cisse tabb matejovsky long and some other will go. In the summer it will be gunnarsson kebe ingimaisson going .
unless these rich people come
by Victor Meldrew » 02 Oct 2009 17:57
Sun TzuVictor Meldrew With very astute operations in the transfer market these clubs do manage to survive
Doyle, Hunt, Kitson, Bikey, Sonko, Shorey.......
by Victor Meldrew » 02 Oct 2009 18:06
Vision Some admittedly rather crude but comparitive figures for other clubs operating in the Premiership.
These figures are all taken to the end of 2007/08 our relegation year.
Bolton
Turnover: 51m
Pre tax profit/loss = -8m
% wages/turnover = 75%
Blackburn
Turnover: 53m
Pre tax profit/loss = +3m (first pre tax profit year in 10 years)
% wages/turnover = 70%
Wigan
Turnover: 43m
Pre tax profit/loss = -11m
% wages/turnover = 89%
Fulham
Turnover: 52m
Pre tax profit/loss = -7.5m ( Fulham's 7 Prem seasons have seen a cumulative pre tax loss of over 100m)
% wages/turnover = 78%
Birmingham
Turnover: 50m
Pre tax profit/loss = +4.5m
% wages/turnover = 53%
Derby
Turnover: 48.5m
Pre tax profit/loss = +1.7m
% wages/turnover = 54%
Reading
Turnover: 58m
Pre tax profit/loss = +6.7m
% wages/turnover = 57%
A couple of other interesting footnotes from the same season.
Newcastle
Turnover: 99m
Pre tax profit/loss = -20m
% wages/turnover = 75%
Also to give underline the difference in turnover in the championship
West Brom in their 2007/08 promotion year
Turnover: 27m
Pre tax profit/loss = +10.7m
% wages/turnover = 79%
And lest we forget our promotion season.
Turnover: 18m
Pre tax profit/loss = -6.5m
% wages/turnover = 80%
People i'm sure will draw their own conclusions as to what (if anything) it indicates but thats just a crude basic snapshot of the sort of finances similiar sized clubs have during a particular Premiership season.
by Bill Oddie » 03 Oct 2009 00:45
by BenReadingFC » 03 Oct 2009 01:03
Bill Oddie It just goes to show that we all thought being a half decent footballer was the best job in the world, this now confirms it definatley IS the best job in the world. I work 38.6 hrs a week, hate it and earn in a year what some of Reading players earn in a fortnight. God, life is so unfair !
by MeMeMe » 03 Oct 2009 18:54
by Thou Voice » 03 Oct 2009 18:56
MeMeMe what does 7.5 Million investment on club infrastructure last season entail ?.
by MeMeMe » 03 Oct 2009 19:05
by peterroyal76 » 03 Oct 2009 20:09
by Victor Meldrew » 03 Oct 2009 20:20
by Ian Royal » 03 Oct 2009 20:22
Victor Meldrew Call my cynical but having had a look at the statement again I feel that something is not quite right.
Bearing in mind that the stadium and hotel must be worth over £60million and the owner himself some way north of that I just don't believe that the club HAD to repay an o/d of just £7.5 million immediately in August.
The money could have been rescheduled if the club wanted to retain the credit and to then say that those players HAD to be sold is treating us as idiots.
If the club had said that (for whatever reason but sale comes to mind )it wanted to clear the debt as a business decision fair enough but to blame bankers as an excuse for selling players I really don't think is right.
The other minor matter of £7.45 million on "infrastrucure" (a very vague term but a similar amount to our o/d) hasn't been explained but is also a sum of money not far short of our ticket sales for the whole season so might have warranted a bit of explanation.
I have felt over the past few years that a greater distance has developed between we fans and the club itself and this financial statement and the plea of poverty in recent times by the owner only contribute to the feeling.
What can we do about anything?
Nothing, as we watch our club slide from 8th in the Premiership towards the 3rd division of English football which is where I came in over 50 years ago.
by peterroyal76 » 03 Oct 2009 20:24
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