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The majority of those 7/8 could be filled by loans (Benfica & Everton links) and youth promotion.
I think we may have got in Chelsea’s good books too[/quote]
I hope so, as arguably we have lost four of the best players (Powell, Walton, Robinson and James) from a squad that was just about good enough to stay up last season.
We are certainly going to need some good recruitment, and Benfica, Everton and Chelsea are decent enough places to start, but will recruiting younsters from these clubs be enough???
God only knows Paul but without Powell and James last season we would have been relegated without a doubt.
God only knows Paul but without Powell and James last season we would have been relegated without a doubt.Powell offered next to nothing in the second half of the season. It certainly wasn’t the difference in us staying up.
Massey, Reece, Garner, Morsy, Robinson all more effective than Powell.
Powell grabbed us plenty of points at the start of the season though that kept us outside the bottom 3.
I did say second half of the season.
He started the season well. The whole team did. But I really can’t get on board with the “without Powell we would have been relegated” line.
I wanted him off the pitch at times. Games were passing him by. Maybe it’s because I know what he’s capable of but just wasn’t showing it. Others contributed more to our survival.
I know the Nick Powell fan club will disagree but the truth is, he went missing when we needed him the most.
I did say second half of the season.He started the season well. The whole team did. But I really can’t get on board with the “without Powell we would have been relegated” line.
I wanted him off the pitch at times. Games were passing him by. Maybe it’s because I know what he’s capable of but just wasn’t showing it. Others contributed more to our survival.
I know the Nick Powell fan club will disagree but the truth is, he went missing when we needed him the most.
You are right he did go missing when we needed him most. That was the period when we were a crock of shite after his injury with no one of his class to replace him. He was in fine form and looked class before the injury during our best period of the season.
I will use the above figures as a basis for predicting our current financial position for the season just gone. (Official figures only expected Jan/Feb 2020)Turnover: £9.0m (Based on the last time we were in the Championship)
Expenditure: £17m (total expenditure was 15.9m in league one. I’ve increased to cover expected wage increases. Could be considerably more)
Transfer profit/loss: £1.49m profit players in/out (based on transfermarkt.co.uk) + £1.0m promotion bonus on Yanic = £2.49m profit in player sales
I’m predicting a loss of 5/6 million for the season just gone.
Just thought i would bump this back to the top due to the clubs current financial results being released for 18/19 season. The losses of 9million will not come as a shock to anyone with even a basic understanding of finances. These were wholly predictable.
I underestimeted the losses slightly, mainly due to the expenditure (Mostly salaries) being 3million more than my estimate of 17m.
The new owners would have been fully aware of these potential losses when taking over the football club. So i don’t expect any kneejerk reactions from the owners.
I would expect losses for for the foreseable furture.
I will use the above figures as a basis for predicting our current financial position for the season just gone. (Official figures only expected Jan/Feb 2020)
Turnover: £9.0m (Based on the last time we were in the Championship)
Expenditure: £17m (total expenditure was 15.9m in league one. I’ve increased to cover expected wage increases. Could be considerably more)
Transfer profit/loss: £1.49m profit players in/out (based on transfermarkt.co.uk) + £1.0m promotion bonus on Yanic = £2.49m profit in player sales
I’m predicting a loss of 5/6 million for the season just gone.
Just thought i would bump this back to the top due to the clubs current financial results being released for 18/19 season. The losses of 9million will not come as a shock to anyone with even a basic understanding of finances. These were wholly predictable.
I underestimeted the losses slightly, mainly due to the expenditure (Mostly salaries) being 3million more than my estimate of 17m.
The new owners would have been fully aware of these potential losses when taking over the football club. So i don’t expect any kneejerk reactions from the owners.
I would expect losses for for the foreseable furture.[/quote]
On another point – There seems to be the belief that the losses would have been 16million if we hadn’t sold Burn and Grigg. This is misleading.
We made a loss of 100k on trading players. So this actually contributed to the overall loss.
Would we have spent 7.1m on bringing players in if we hadn’t brought in 7million on selling players? The answer is probably no.
Thanks rp, probably deserved a better response than the one u got.
Interesting that in the year immediately b 4 we wr sold we made a 7m profit! Cant remember who we sold that year, wildschut perhaps, and maybe he was sold so that the club looked more attractive to buy.
(Financially)
Does show what sharp has constantly said about costing a million a month to run the club, deep pockets needed to do that, or pocket money for some.Thanks rp, probably deserved a better response than the one u got.
Interesting that in the year immediately b 4 we wr sold we made a 7m profit! Cant remember who we sold that year, wildschut perhaps, and maybe he was sold so that the club looked more attractive to buy.
(Financially)
Does show what sharp has constantly said about costing a million a month to run the club, deep pockets needed to do that, or pocket money for some.Think you have your 7million profit figure wrong.
18/19 – £9.2m Loss
17/18 – £7.7m Loss
16/17 – £4.3m Profit *
15/16 – £2.3m Loss ** Still Receiving Parachute Payments.
ItS cost the owners 700k a month on average to run the football club over the last 24 months. It sounds bad when you look at it like that. But you need to factor in the sellable assest we currently own.
Robinson £8-10million?
Moore £4mil?
Williams 4million?
Gelhardt ?We have millions tied up in players. The new owners will release that cash in the coming months/years to plug the hole.
We also need to significantly reduce the wage bill. Its too large for a club with our turnover.
most clubs in the lower divisions run at a loss by all accounts so hardly surprising figures.
The clubs do have some assets and a blossoming youth set up that will save the club a lot of money and possibly stem significant losses going forward.
I thinkchances of a premier league return for a club our size are very slim in my opinion and i was surprised at reports that the new owners felt this would happen quickly given the financial unlevel playing field in the championship these days.
I also feel a major push to get lapsed and even new supporters through the turnstiles is needed with maybe special promotion days etc.
9000 home gates are not good enough for this level of football and the previous owner excelled in putting new bums on seats particularly in his early years at the club.
Youth is the future of Wigan Athletic end ofI thinkchances of a premier league return for a club our size are very slim in my opinion.I don’t agree totally with that vince. On paper, with our finances you would say there wasn’t a hope in hell of a return to the PL, but from what I have seen this season, there is not a lot of difference in us and the top teams in this league.
A better manager would have had this group of players nearer the play offs or higher.
We have dropped 31 points from winning positions this season and with those points in the bag, we would have been top.
The margin between success and failure is a lot slimmer than we think, and any half decent team, managed well and with a bit of luck thrown in can make it out of this league.
Keep the faith vincent, we can get back there if we really want to.
Sure if most teams added on the points they have lost from winning positions they would be at the top end.
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