GreatwesternlineYorkshireRoyal99Greatwesternline
We literally in the last transfer window took on new players at wages that other league 1 teams couldnt compete with.
But L1 clubs' wage bills can only be a certain % of their turnover though, is it 70% I think? So that doesn't add up, we don't seem to be spending any "more" than other clubs in terms of % of turnover (unless it comes out we are).
Given our accounts over the last couple of years, I have always thought there are more major costs somewhere that we don't know of. We estimate the costs of running a Cat 1 Academy, the Stadium the Wage Bill is also stated, but then there seems to be a hefty amount of "unknown" losses that exist within the club. Whether we underestimate how much the training ground, stadium and Cat 1 Academy actually costs us, or there are further costs that we, as fans, can't answer for, I don't know. I've thought it could be the latter.
The rent on Madejski Stadium.
Depreciation of Training ground.
Depreciation on Academy.
Three big costs right there that other clubs dont have.
If Cambridge United fans say Reading swooped in and offerend two of their players much more money that Cambridge could afford, it suggests we pay unsustainable wages. Is our revenue bigger than Cambridges in this league? Not by much i imagine.
For the rent we have on the stadium, we also turnover £1m a year for the stadium naming deal which will offset some of that. I hardly doubt Knibbs and Smith are on sky high wages, I just don't see how we could offer that in our situation, we just have an owner who isn't committed to the club anymore. With another owner, I don't see our wage bill being the problem.