Reply To: Wages not paid again after relegation

Forums Latics Crazy Forum Wages not paid again after relegation Reply To: Wages not paid again after relegation

#199565

A buyer paying £1 still has the problem of the club’s inability to live within its means. With little or no income from season ticket sales, no matches for the next 3 months, no sponsorship of stadium and around £2m in wages each month, even if someone did buy the club tomorrow, they’d need £6m just to get themselves to August, and thats before any new players are signed. And that also assumes nothing needs spending on the 25000 seat white elephant.

You are not alone – almost every club in the league relies on the owner to underwrite the monthly losses, and as the number of local owners with an emotional attachment dwindles and is replaced by rich foreigners with no interest in anything other than being a premier league club, then the number of failures, financial crisis administrations and bankruptcies will rise once the foreigners realise their toy costs a lot more than they imagined.