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  #81  
Old 16-08-2017, 07:51 AM
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Originally Posted by GreatGonzo View Post
Last years accounts showed a 5-6m loss compared to 30m profits in the previous 2 years So you are talking a fair amount of bollocks there.

The net spend INCLUDES the January purchases which is the first window where we have spent more than 25m net.

Wages are not at unsustainable levels, last year they were in the region of 70m against income over 110m. The accounts will make some interesting reading come Feb/Mar next year. Would be interested to see the table that has us as 6 highest net spenders too.
So that leaves 40m in turnover a year for player transfers, signing on bonuses, agent fees, maintenance of the ground/training/academy/, community work, paying suppliers and compensation every year for a sacked manager/new coaching team.

There isn't much money spare unless we invest 50m+ of our owner's money in players. We need to sort out wage bill out, when we are paying players better than Tottenham, Southampton etc then it's not good.
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  #82  
Old 16-08-2017, 07:54 AM
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So that leaves 40m in turnover a year for player transfers, signing on bonuses, agent fees, maintenance of the ground/training/academy/, community work, paying suppliers and compensation every year for a sacked manager/new coaching team.

There isn't much money spare unless we invest 50m+ of our owner's money in players. We need to sort out wage bill out, when we are paying players better than Tottenham, Southampton etc then it's not good.
That's poor management then
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  #83  
Old 16-08-2017, 08:01 AM
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So that leaves 40m in turnover a year for player transfers, signing on bonuses, agent fees, maintenance of the ground/training/academy/, community work, paying suppliers and compensation every year for a sacked manager/new coaching team.

There isn't much money spare unless we invest 50m+ of our owner's money in players. We need to sort out wage bill out, when we are paying players better than Tottenham, Southampton etc then it's not good.
'Wages' probably covers most of what you have put there in terms of payments to players/manager staff etc, not sure they are split out in the accounts but willing to proved wrong.

In terms of everything else in the Championship we were working to a budget of about 15m so yes i think there is certainly some scope for funds to be available.

We had 22m in income from Gate receipts, Sponsorship and commercial income in the last accounts (according to Guardian) and the PL have published we earner 110m from TV revenue last year so actually the 110m is on the low side for last year and we are told our sponsorship income is even higher this year etc etc. We are also one of the few PL teams with no net debt.

As for paying players more than Spurs and Southampton - which players are you talking about?
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  #84  
Old 16-08-2017, 08:07 AM
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'Wages' probably covers most of what you have put there in terms of payments to players/manager staff etc, not sure they are split out in the accounts but willing to proved wrong.

In terms of everything else in the Championship we were working to a budget of about 15m so yes i think there is certainly some scope for funds to be available.

We had 22m in income from Gate receipts, Sponsorship and commercial income in the last accounts (according to Guardian) and the PL have published we earner 110m from TV revenue last year so actually the 110m is on the low side for last year and we are told our sponsorship income is even higher this year etc etc. We are also one of the few PL teams with no net debt.

As for paying players more than Spurs and Southampton - which players are you talking about?
Supposedly Wickham is on more money than Danny Rose.
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  #85  
Old 16-08-2017, 08:11 AM
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Supposedly Wickham is on more money than Danny Rose.
Think that changed when Rose signed his new deal last year but apparently not by much.
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  #86  
Old 16-08-2017, 08:27 AM
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As for paying players more than Spurs and Southampton - which players are you talking about?
Benteke and Zaha earn more than their highest earners. Probably Cabaye and Townsend too. Levy sticks to his wage cap. It was right to bring these players in though and improve Zaha's contract but its not surprising there are implications. The fact that we apparently bid 20m for Sakho suggests to me that there is still some money in the tin though.
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  #87  
Old 16-08-2017, 08:32 AM
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The spurs wage structure is blown out of all proportion. Their basic pay is indeed lower but their contracts include significant performance based bonuses whoch apparently bring them very much in line with the rest of the big 6.

Like most things, rarely commented upon by the media who are largely financially incompetent (ex players certainly).
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  #88  
Old 16-08-2017, 08:55 AM
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Benteke and Zaha earn more than their highest earners. Probably Cabaye and Townsend too. Levy sticks to his wage cap. It was right to bring these players in though and improve Zaha's contract but its not surprising there are implications. The fact that we apparently bid 20m for Sakho suggests to me that there is still some money in the tin though.
Yeah Zaha and Benteke were the 2 that i had in mind, although Kane also earns more than 100k a week now.

We have to pay the wages need for players to join us which may be different for what they would take elsewhere. However Benteke is a top class striker and Zaha a top class forward. The advantage of paying him well in this context is he would probably need to take a pay cut now to join spurs which had looked a distinct possibility for a couple of years, now it is unlikely.

The turnover to wages issue is less of an issue in the PL because the money is so great. If you take the general running costs of a club they are not too high, so the bulk of the turnover is going to go in player acquisitions and wages. In the football league it is more of an issue because the TV income is so much smaller but the running costs do not drop to the same extent.
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  #89  
Old 16-08-2017, 09:03 AM
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The spurs wage structure is blown out of all proportion. Their basic pay is indeed lower but their contracts include significant performance based bonuses whoch apparently bring them very much in line with the rest of the big 6.

Like most things, rarely commented upon by the media who are largely financially incompetent (ex players certainly).
But then don't all clubs have a bonus structure? A quick search shows bonuses of several millions being split between a squad for just avoiding relegation.

There will also be the standard individual player bonuses.

Still doesn't get players like Harry Kane from say 100k a week to the 150k+ a week bracket.
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  #90  
Old 16-08-2017, 09:03 AM
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The spurs wage structure is blown out of all proportion. Their basic pay is indeed lower but their contracts include significant performance based bonuses whoch apparently bring them very much in line with the rest of the big 6.

Like most things, rarely commented upon by the media who are largely financially incompetent (ex players certainly).
In the year to 2016 our staff costs were 20% lower than Spurs or theirs were 25% higher than ours depending on which way round you want to go. They staff costs (which will predominantly be players) were 100m and ours 80m. Although that includes Tax, Ni etc etc.
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  #91  
Old 16-08-2017, 10:09 AM
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Last years accounts showed a 5-6m loss compared to 30m profits in the previous 2 years So you are talking a fair amount of bollocks there.

The net spend INCLUDES the January purchases which is the first window where we have spent more than 25m net.

Wages are not at unsustainable levels, last year they were in the region of 70m against income over 110m. The accounts will make some interesting reading come Feb/Mar next year. Would be interested to see the table that has us as 6 highest net spenders too.
Given we haven't seen any audited accounts I would be surprised if the wage bill was that low. They were 81m in 2015/16. The reality is that the wage bill has gone from 46m to 81m in our first 3 seasons in the Premier League whereas our turnover has only gone from 90m to 102m.

So one could certainly argue that wages are at unsustainable levels. What we don't know is the breakdown between players and staff. Does this include all the compensation we have paid out for our managerial roundabout?

What is do know is there has been a quantum leap in turnover for last season. The TV deal lasts for 3 years so hopefully our wages to turnover ratio will start looking a bit more sensible.

Ignoring what the big clubs pay in wages we need to be on a similar ratio to clubs like Stoke, Swansea and WBA who have a comparable turnover.

Here is the table showing our net spend:

To view the link you have to Register or Login

This shows we have are now 8th so it is being updated.
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  #92  
Old 16-08-2017, 10:13 AM
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And look at Spurs.
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  #93  
Old 16-08-2017, 10:16 AM
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So are we likely to sign Skorupski?

Not sure what talking about Spurs wages has got to do with it.
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  #94  
Old 16-08-2017, 10:17 AM
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My understanding, from a source close to spurs, is that their bonus structure is signifiantly larger than the other top 6 clubs and this is what brings them back in line.
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Old 16-08-2017, 10:28 AM
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One wonders whether by now the club should have done more to beef up non TV income? Is that a case of the club being under-managed/resourced off the pitch? Another side effect of the failure to build up capacity and improve facilities at the ground presumably?
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Old 16-08-2017, 10:29 AM
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So are we likely to sign Skorupski?
I hope so. I know nothing about him as a player but he sounds like a minor Bond villain and you can never have too many Bond villains.
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Old 16-08-2017, 10:36 AM
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My understanding, from a source close to spurs, is that their bonus structure is signifiantly larger than the other top 6 clubs and this is what brings them back in line.
Danny Rose seems to disagree. According to reports the players negotiated a big bonus at the start of last season if they qualified for the Champions League. Other than that the article seemed to suggest they were on standard bonus contracts.
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Old 16-08-2017, 10:38 AM
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Supposedly Wickham is on more money than Danny Rose.
Wickham shouldn't be on more than 20k. He's an average player, with some potential yet to be realised.
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Old 16-08-2017, 10:38 AM
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On the name basis we have a few god uns

Zaha is excellent and just the sort of thing I like to shout when I arrive on the scene with a flowing black cloak, sword in hand and surprise the villiain just when he thought he was going to get away with it.

Also, because I dislike the energy company so much, Punch Eon is a bit of a favourite.

Dann however is boring, as is de boering, Towns end is literally suburban, Ward is also dull. Obviously were he a complete nutter and we could call him psychiatric ward that would be different but he is a goody two shoes Christian.

Talking of Christians I quite like Benteke - ben being 'son of', and I like the idea of having a dad called Teke. As for Meal a lot of vic I just hope Serbian feasts are of decent quality.

Finally, the Frenchman who is leaving us, I simply asked if he was taking a taxi and he replied Cab? aye. Clearly, he spent too much time with Jimmy Mac
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Old 16-08-2017, 10:44 AM
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And look at Spurs.
Yes - and they came second last season - Levy is very good - we don't have anything to sell

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