Club Finances and Possible Future

Football finances change from week to week I imagine. Trying to work out yearly losses/gains is futile really simply because circumstances alter at a club in a heartbeat. We are probably going to post a huge loss on gate receipts but come January the likes of Burn, Morsey Grigg could go bringing in millions hopefully not mind. I’m sure the finances are being managed by the club to the best of its ability.

I thought it was £9 million in parachute payments that season. Don’t forget that grant holt was also paid off in that season. I doubt anyone in the current squad is on even 25% of what he was getting paid!

Thanks for this, it is a really interesting and stimulating post. One key factor in this is of course how long for and how much will the ownership support loses, and whether they will do it in such a way that the club isnt left with ever increasing debts, that will be important for the future. There will come a time when an ownership change may be required and that will be a key moment for the club… If it doesn’t mean the end of the club then we will still have football to watch, maybe like the old days (non league, div 3 n 4 , maybe more like the current days. I have enjoyed them all just some a bit more than others! The financial part of the game isnt something I personally look at particularly but it kind of does make u think a little about the what ifs.

Unless, of course, you have an academy that produces these players on a fairly regular basis like Mddlesbrough and Crewe have done in the past.

We’re starting to show signs of producing decent players from the academy, so fingers crossed, we get promoted this year and can keep that up.

Wage bill won’t be ten million. Top earner at club is Nick Powell on 8K per week. Rest nowhere near that.

Assuming that info is correct, then I’d say that £10mill won’t be far off. That makes Powell on £416k a year – the club then has to pay tax & NI on top of that at around 25% making his cost to the club £520k. That means it only takes 19 players at that level to reach £10mill.

Now I know you say that he’s the top earner but even if the rest of the 1st team squad are on between £3k-£8k a week that £10mill disappears pretty quick.
Plus the development squad, plus the scouts, plus the non-playing staff

Whichever way you look at it we still have a big deficit if we stay in League One.
If we can get promoted the extra money we generate would balance the books as long as we didn’t go stupid on wages and big name players.

Once in the Champioship we know from experience that a happy bunch of decent well managed players, playing as a team can get you into the PL. There were no mega stars in Paul Jewells team, just hard working players who played for each other.

With the money available in the PL these days, one well managed season can set a club like ours up for donkeys years. Burnley and Bournemouth will have bank balances bulging and should never hit financial hardship again.

It will take some hard work but I am confident we will grace the top flight again if the people involved with the running of the club want it enough.