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Can anyone explain to me how we loose so much money monthly

Wed May 16, 2012 9:51 am

We have an average crowd of over 22000, We have offloaded most of our big earners Bellers,Chops,Burke and the ballerina at the end of last season. We got to wembley again so lots of tv money and the playoffs again!!!! We have all kinds of things happening in the stadium day to day (meaning function rooms rented out) So it baffles me we are losing so much money every week!! I am baffled is it intrest re payments?????????? Do we get a windfall now because 2 of the prem teams relegated 1 of them is going back to the prem and we get their parachute payment shared out?

Re: Can anyone explain to me how we loose so much money monthly

Wed May 16, 2012 9:59 am

danishblues wrote:We have an average crowd of over 22000, We have offloaded most of our big earners Bellers,Chops,Burke and the ballerina at the end of last season. We got to wembley again so lots of tv money and the playoffs again!!!! We have all kinds of things happening in the stadium day to day (meaning function rooms rented out) So it baffles me we are losing so much money every week!! I am baffled is it intrest re payments?????????? Do we get a windfall now because 2 of the prem teams relegated 1 of them is going back to the prem and we get their parachute payment shared out?


The short answer is wages. We pay out something like 90% of our turnover in wages alone and then have to run the club and pay off debt with what's left.

Re: Can anyone explain to me how we loose so much money monthly

Wed May 16, 2012 10:02 am

Wage bill too high and we have taken a stance that we won't sell our best players which is good but cuts off what has been a good source of profit in last ten years.

Re: Can anyone explain to me how we loose so much money monthly

Wed May 16, 2012 2:44 pm

yes we will get a share think its worth about 500k :ayatollah: :ayatollah: :ayatollah:

Re: Can anyone explain to me how we loose so much money monthly

Wed May 16, 2012 4:35 pm

danishblues wrote:We have an average crowd of over 22000,


I think you'll find the 18k ST holders pay the once, which goes towards wages etc over summer. So about 4k match day ticket sales.

We have offloaded most of our big earners Bellers,Chops,Burke and the ballerina at the end of last season. We got to wembley again so lots of tv money and the playoffs again!!!![/quote

DJ and staff from his era were still being paid as per terms of their contract. Numerous fringe players on high money.

We have all kinds of things happening in the stadium day to day (meaning function rooms rented out)


From memory, that goes to Compass.

So it baffles me we are losing so much money every week!! I am baffled is it intrest re payments??????????


Wage bill still higher than income.

Do we get a windfall now because 2 of the prem teams relegated 1 of them is going back to the prem and we get their parachute payment shared out?


Yes.