Financial Results

[coolhandfox]

1 hour 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.

Problem is can we keep the other two fit.

 

Also Iversen need to keep playing if he is to develop into a top keeper. If he's not going to be number one here, he needs to be a number 1 on loan somewhere.

 

 

Edited 17 February 2022 by coolhandfox

[TheStig]

7 hours ago, Ian Nacho said:

Interesting to see wages have gone up about £30m on the previous year. 

Natural - they have performed so well......

[Vestan Pance]

4 hours 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.

Spot on, this is how you improve the squad, keeping things fresh and competitive. The idea of 'squad players' is the route to The Championship

[Clever Fox]

Anyone know what the structure of the wages are ?.

We should be paying basic salaries boosted by bonuses for appearances wins, draws, points, league position, goals. 

That should also include the Manager. 

This way we don't over pay and the players have it in their hands to earn big Money.

 

[Raw Dykes]

6 minutes ago, Clever Fox said:

Anyone know what the structure of the wages are ?.

We should be paying basic salaries boosted by bonuses for appearances wins, draws, points, league position, goals. 

That should also include the Manager. 

This way we don't over pay and the players have it in their hands to earn big Money.

I'm sure every club offers bonuses, but if you're saying more bonuses and less wages, I think players and coaches would probably rather have the guaranteed wage elsewhere whenever possible.

[Clever Fox]

The bonus structure has to be such that the players could do better by backing themselves.

 

I'm not sure what Liverpool do now but this is the way Liverpool operated during the 60,70,80s. Admittedly they were on a big basic. I think it was 800 for first teamers in the 80s but with the bonuses they could earn 1500 a week.

This way you keep the players hungry and competitive.

[TeamRocket]

8 hours ago, turlo said:

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

 

 

 

Could that be cos of the new training ground mean more staff?

[Fox in the North]

 

[Foxes96]

1 hour ago, Fox in the North said:

 

Interesting read that. Shows from a purely financial standpoint the huge gap between the money 6 and the rest still.
 

Would be interesting to know the ground we’ve made up since promotion, ie. I’d imagine we would’ve had one of the smallest revenues in 14/15. to now having a top 10 revenue is good progression and should allow us to keep progressing on the pitch.

 

Also highlights the importance of the stadium capacity increase and the FBS sponsorship to give us the best chance of competing with the big 6 and those around us now and in the future.  We really have to push everything to its absolute limit to be able to progress and challenge the big 6 don’t we! 
 

[davieG]

 

it's not been easy to shift player out during covid as no one is buying and when they do like us they're desperate.

 

I'm sure if covid is finally under control and football is back to 'normal' we'll see a lot more movement by all clubs. 

[Fox in the North]

 

[Stadt]

Swiss Ramble is great, takes something quite inaccessible to most and breaks it down succinctly.

 

The big takeaway there for me is Rodgers has previously used finances as an excuse for not being able to compete with the big 6. There's some merit to that argument but if financial capabilities are as deterministic as he believes - the flip side is when we have the 7th highest revenue, 7th largest wage budget and the 7th largest commercial revenue - 7th is the baseline target for us as a club.

 

A lot of those figures are exceptional in the sense 20/21 saw lots of 19/20's deferred income shifted into it (true of all clubs) but as we develop as a club, the expectation does too and our fans can't hide behind the idea we overachieving relative to our historic peformance; our finances are magnitudes greater than our historical finances, we can't have it both ways. One CL season would have provided us with a massive financial uplift and Rodgers couldn't deliver on it despite favourable circumstances (Arsenal, Spurs, Chelsea and United being relatively poor across all/some of 19-21).

 

We can't just enjoy being the 'best of the rest' we should absolutely demand it if finances are the be-all-and-end-all like some believe.

[Stadt]

Our wage bill is £13m behind Spurs' and £63m bigger than West Ham's  

 

This is criminal. The well run club idea comes from our recruitment team signing a handful of exceptional players in 2012-2020 rather than us being particularly shrewd. £10k a year on donuts, almost perished fosters and bottles of water buys a lot of blinkers 

 

Edited 21 February 2022 by Stadt

[Foxes96]

19 minutes ago, Stadt said:

Our wage bill is £13m behind Spurs' and £63m bigger than West Ham's  

 

This is criminal. The well run club idea comes from our recruitment team signing a handful of exceptional players in 2012-2020 rather than us being particularly shrewd. £10k a year on donuts, almost perished fosters and bottles of water buys a lot of blinkers 

 

True, although it will be interesting to see how West Ham develop over the next year or 2. You’d have thought Rice may well leave this summer, and there will possibly be interest in Bowen as well, which would leave a huge gap in their side.

 

To some extent we have been victims of our own success in recent years in that in order to keep our better players we’ve had to offer bigger and bigger wages to keep ahold of them. Something West Ham will likely have to do this coming summer and next year if they want to maintain their push to break into the top 6. By this I mean they’re a year or 2 behind us in that regard, so their wages will likely rise. Would also hope we can rebalance our wage budget a bit this summer if we can shift some deadwood, and also get some decent transfer fees in from Youri and Cags et al.

 

I’d also suggest we have more sellable assets in that we have more, relatively young and valuable players. Ie. Tielemans, Maddison, Ndidi, Fofana would all be valued at £50+ and possibly Barnes, Justin, Söyüncü coming close as well. Whereas WHam only really have Rice and Bowen who would get close to that figure. 

[filbertway]

On 17/02/2022 at 19:38, TeamRocket said:

Could that be cos of the new training ground mean more staff?

Maude the new cleaning lady has come in on 25k p/w

[Stadt]

1 hour ago, Foxes96 said:

True, although it will be interesting to see how West Ham develop over the next year or 2. You’d have thought Rice may well leave this summer, and there will possibly be interest in Bowen as well, which would leave a huge gap in their side.

 

To some extent we have been victims of our own success in recent years in that in order to keep our better players we’ve had to offer bigger and bigger wages to keep ahold of them. Something West Ham will likely have to do this coming summer and next year if they want to maintain their push to break into the top 6. By this I mean they’re a year or 2 behind us in that regard, so their wages will likely rise. Would also hope we can rebalance our wage budget a bit this summer if we can shift some deadwood, and also get some decent transfer fees in from Youri and Cags et al.

 

I’d also suggest we have more sellable assets in that we have more, relatively young and valuable players. Ie. Tielemans, Maddison, Ndidi, Fofana would all be valued at £50+ and possibly Barnes, Justin, Söyüncü coming close as well. Whereas WHam only really have Rice and Bowen who would get close to that figure. 

I agree with most of that but £63m is a massive number. Atalanta's entire wage bill is £51m!!!!! There is a premium attached to PL wages and as a club trying to usurp some of the big 6 we're going to have to push the boat out but it's staggering how frivolous our wage bill is. We gave Mendy and Jakupovic new contracts last summer, how can that be justified? 

 

We've succeeded in getting one over by beating richer clubs because we utilised our resources better, we're falling into the same trap now. If Choudhury's on an alleged 60k p/w I dread to think what some of our other players are on. Praet, Perez, Jakupovic, Mendy, Choudhury, Soumare, Ward and Bertrand have played less than 1000 league minutes between them for probably over £10m in wages - we just can't afford to waste our money like this. 

[Stadt]

We spend more on wages than West Ham and Atalanta put together

[coolhandfox]

2 hours ago, Stadt said:

Our wage bill is £13m behind Spurs' and £63m bigger than West Ham's  

 

This is criminal. The well run club idea comes from our recruitment team signing a handful of exceptional players in 2012-2020 rather than us being particularly shrewd. £10k a year on donuts, almost perished fosters and bottles of water buys a lot of blinkers 

 

Doesn't SR state 20% of our wage bill is deferred wages from the year before?

Edited 21 February 2022 by coolhandfox

[Stadt]

10 minutes ago, coolhandfox said:

Doesn't SR state 20% of our wage bill is deferred wages from the year before?

I'd missed that. However that says 20% of bonuses rather than wages

[coolhandfox]

17 minutes ago, Stadt said:

I'd missed that. However that says 20% of bonuses rather than wages

Which is part of the wage bill still. 

Edited 21 February 2022 by coolhandfox

[st albans fox]

33 minutes ago, Stadt said:

I'd missed that. However that says 20% of bonuses rather than wages

 

16 minutes ago, coolhandfox said:

Which is part of the wage bill still. 

yes, but deferred from the previous season so should have been in last years accounts. the loss over two years is still the same but 19/20 was way worse than 20/21