Financial Results

[Stevosevic]

37 minutes ago, Fox in the North said:

 

Our average salary is 92k per week ? Blimey 

[hackneyfox]

54 minutes ago, An Sionnach said:

There were those who doubted Hamza was on £3 million a year.

Where does it confirm that he's earning £3 million a year?

[Ric Flair]

19 minutes ago, Stevosevic said:

Our average salary is 92k per week ? Blimey 

Rodgers on double that, Vardy and Kasper on 1.5 timed that minimum, likewise Maddison. I don't mind that, it's these signings of players in their mid twenties that we're chuffing up around £100k a week and they've done nothing to add their worth. Much rather get players with a point to prove on half that and then quickly double it if they succeed here.

 

 

[An Sionnach]

17 minutes ago, hackneyfox said:

Where does it confirm that he's earning £3 million a year?

I am sure he wouldn't tell you if you asked him but its easy enough to take an average pay for the squad. He has been a member of the first team squad for four years so it won't be far off.

[Dan]

2 hours ago, Ric Flair said:

Then fans need to stop being so precious about us keeping our most established players. It's a fine line between signing young and talented players on the back of cashing in on our successful players but it's the only way without seriously pissing off our players and them wanting to leave quite quickly anyway.

 

What's quite interesting though is even as we continue to see huge increases in wages, there's been a handful of players not sign new deals that were expected to. Tielemans, Soyuncu, Ricardo etc. The wages would be through the roof if they had. This backs up the notion that under Rodgers we have started paying our signings huge starting salaries and that's because we're now signing more 24+ players like Castagne, Praet, Perez, Vestergaard etc and they demand a minimum starting salary of £70k a week. Grim given how crap nearly all of them have been an'all.

It gets more and more baffling that the club even sanctioned Vestergaard as a signing. The obvious takeaway here is we pay far too much to squad players. Redistribute some of that money to go back to buying younger players and give some of the squad places to academy players. We would be no worse this season for having not bought Vestergaard or Bertrand and just using say Brunt.

 

If you're going to sign ageing players they simply have to deliver like Evans. We cannot afford luxuries like those signings.

[Guest Chocolate Teapot]

Some average players on 60k a week 👀

[Dan]

6 minutes ago, Chocolate Teapot said:

Some average players on 60k a week 👀

Precisely the problem. It's one thing paying your top players big like we do relatively but we can't go and squander the advantage by paying backups big money. We'd be prudent to use more academy players especially if this lot are as good as people say. Not like we're heavily leaning on them either.

[Ric Flair]

12 minutes ago, Chocolate Teapot said:

Some average players on 60k a week 👀

It's realisations like this that yank the carpet of comfort firmly.from under our feet when thinking the club is in sound hands. I know every club makes mistakes but paying HC that salary is just staggering.

[South Shire Fox]

When you have average/poor squad players like Perez and Vestegaard on 70k plus a week then youre going to have a disgustingly high wage bill. We need to cut that sort of shite out asap and get back to signing young hungrier players on lower wages who we will make a profit from in the long run. 

Edited 17 February 2022 by South Shire Fox

[turlo]

19 minutes ago, Chocolate Teapot said:

Some average players on 60k a week 👀

No way. Hamza is still on £110 a week YTS contract!

[Guest Chocolate Teapot]

14 minutes ago, Dan LCFC said:

Precisely the problem. It's one thing paying your top players big like we do relatively but we can't go and squander the advantage by paying backups big money. We'd be prudent to use more academy players especially if this lot are as good as people say. Not like we're heavily leaning on them either.

What happens when you have to pay your academy players a fair bit?

[Ric Flair]

This whole narrative we needed better squad players is playing out here. Truth is the best way to improve the squad is improve the first team and rhe squad improves as a result. No guarantee those better players are successful and the wage bill will obviously be possibly even higher but you might get a better bang for your bunce.

[Dan]

14 minutes ago, Chocolate Teapot said:

What happens when you have to pay your academy players a fair bit?

I genuinely don't believe we'd be in any weaker a position if Ben Nelson had played every minute Vestergaard had this season, for example.

Edited 17 February 2022 by Dan LCFC

[Chrysalis]

Very high wages to turnover ratio, who is the almost 300m debt owed to?

[Stadt]

We have too many players on far too high a wage relative to their utility. Ward and Jakupovic are likely to be on something like £50k between them?
 

Ward is a good keeper but given we we use Schmeichel in most cup games we can’t justify this sort of spend. Jakupovic & Mendy we gave new contracts in the summer, money for old rope.

 

Perez, Vestergaard, Bertrand - big wages, we knew there’s a premium with signing PL players, so signings like this have to work out. They haven’t and most people wouldn’t have said these weren’t sure fire successes at the time of purchase.

 

The cost per appearance (fee+wages) for Perez, Bertrand, Vestergaard, Mendy, Praet, Ward, Jakupovic, Soumare (so far) will be awful. We’re just not allocating our resources well.

 

The less said about the coaching staff’s wages, the better.

Edited 17 February 2022 by Stadt

[Lambert09]

29 minutes ago, Ric Flair said:

This whole narrative we needed better squad players is playing out here. Truth is the best way to improve the squad is improve the first team and rhe squad improves as a result. No guarantee those better players are successful and the wage bill will obviously be possibly even higher but you might get a better bang for your bunce.

Agreed. That’s why west ham have been so good in many ways. Signing Dawson and zouma rather than just a back up for diop. Going after yarmalenko and benhrama rather than Townsend to fill in when formals is away... that’s exactly the reason they’ve pushed on so well. 

 

Fredericks and coufal both first choice options rather than squad filler signings. 

 

Ill go one further and look at a very unpopular one wth ramsdale. It’s actually been a master stroke by arsenal. If he had been a flop they still had a solid keeper available but once they discovered he was perfect for them they’ve moved on Leno. Risk free (other than the cash obv) transfer in an important position.

 

The result is simply that one will be better than the other and cement their place where as the back up is quality in their own right.

 

i feel like we used to do this. Justin and praet  are prime examples. But we’ve recently lost our way a little. Not necessarily with the recruitment (barring Bertrand) but more the fact we’ve not tried to improve the squad dross we have. A well run club would have looked at moving a lot of the squad on for upgrades where as we are happy because they are ‘good guys’ or whatever else Brendan spouts. 

 

We we should have been going hard to shift at least 3/4 of these guys while we really had a need to use a full squad. Without European football I’d except it but the last 2 season we needed depth that we simply don’t have.

Edited 17 February 2022 by Lambert09

[An Sionnach]

34 minutes ago, turlo said:

No way. Hamza is still on £110 a week YTS contract!

You have Thomas and KDH on low salaries but if they continue to play as they are , their agents are going to push for a lot more. You don't have any cheap options at the top of the EPL.

[Jackubu]

Overall those accounts are probably better than I thought they'd be, given Covid, so not all bad.

 

That said, our average weekly wage is really disconcerting and hopefully wakes up those that hang their hat on "remember where we were" when people criticise performances and management. Rodgers makes up 5/6% of our total wage bill 

 

Our accounts for next year are the ones we should be really interested in, potentially higher wages, higher income (increased ticket prices, actual attendances, FBS deal etc) alongside the outlays for the stadium. A sizeable loss there would be questionable 

Edited 17 February 2022 by Jackubu

[leicesterseddon]

There are a lot of average players on big money. Although I imagine you could say the same about most PL squads. 
 

When Rodgers arrived, he inherited a transfer strategy that was mainly based on taking a punt on relatively cheap young players, topped up with the occasional older hand like Evans. 
 

We had quite a lot of success with this model but there was always going to be a limit to sustaining success when you don’t have that many players aged 26-29 like the big clubs do. 
 

I have long supported a tweak (and I emphasise tweak) to our model, but unfortunately there is little evidence so far that we’re capable of doing it. 

[AKCJ]

Isn't Bertrand on 80 grand a week?

 

That sums it up nicely

[filbertway]

@Chocolate Teapot I owe you an apology, there's no way in a million years I'd have believe anyone could be dumb enough to give Hamza £3 million a year, but the evidence suggests it seems very feasible

 

God, I don't want to live in a world where someone of Hamzah's ability can basically earn 10-15 million for being able to run around.

[Fox92]

5 hours ago, turlo said:

quite a significant jump in our wage bill since last years results

 

 

 

Rodgers pretty much admitted this in the interview other day.

 

He said, after the season and FA Cup win, players have seen lives better due to improved contracts (or something along those lines).

[Corky]

Definite need to trim the wage bill in the squad/ deadwood lists. Can't keep chucking out nice contracts to everyone all the time.

[Stadt]

The saving by shipping off Ward, Jakupovic, Mendy & Praet and then trusting Iversen, Stolyczark (sp), Brunt and Madivadua instead would be massive. It’s not like we’d be hugely hit in terms of quality either as most of those players aren’t that good and/or don’t play many minutes.

 

We have 3 first choice standard right backs too, selling Castagne for a profit wouldn’t be a bad move tbh.

[Foxes96]

6 minutes ago, Stadt said:

The saving by shipping off Ward, Jakupovic, Mendy & Praet and then trusting Iversen, Stolyczark (sp), Brunt and Madivadua instead would be massive. It’s not like we’d be hugely hit in terms of quality either as most of those players aren’t that good and/or don’t play many minutes.

 

We have 3 first choice standard right backs too, selling Castagne for a profit wouldn’t be a bad move tbh.

Agreed, especially if we don’t have European football there isn’t such a call for as big a squad either. Or necessarily home grown players ie. Hamza would save a tidy sum off the wage bill as well. Then give some of our talented youth players some minutes in cups. 
 

 

 

That said would still like us to qualify for Europe again.