fleckneymike Posted 17 August 2013 Share Posted 17 August 2013 Quite a lengthy article (apologies if its been posted before) on finances in the Championship. http://swissramble.blogspot.co.uk/2013/08/championship-finances-201112-numbers.html If you can't be bothered to read it all, this is the graph which is frightening and may mean there is still no pot to piss in Link to comment Share on other sites More sharing options...
stevelcfc Posted 17 August 2013 Share Posted 17 August 2013 2011/12 though, which would mean that Bamba, Ball, Peltier, Paintsil, Mills, Johnson, Fernandes, Berner, Kennedy, Tunchev, Oakley, Wellens, Abe, Moreno, Howard, Vassell, Beckford, Kermorgant and Weale would all have been here amongst others. Theres 19 players there which isn't far from the squad numbers we currently have, and those who have replaced the names mentioned above will all be on far cheaper wages than most of those, especially when you consider Abe alone was on 40k. So overall, an immense amount of praise has to be given to NP for cutting a hell of a lot of shit out of the club. In the past 2 years we have made excellent progress both on and off the field and are nowhere near as ****ed as we were and with Konch looking set to go, our finances are only going to look better. Link to comment Share on other sites More sharing options...
fleckneymike Posted 17 August 2013 Author Share Posted 17 August 2013 2011/12 though, which would mean that Bamba, Ball, Peltier, Paintsil, Mills, Johnson, Fernandes, Berner, Kennedy, Tunchev, Oakley, Wellens, Abe, Moreno, Howard, Vassell, Beckford, Kermorgant and Weale would all have been here amongst others. Theres 19 players there which isn't far from the squad numbers we currently have, and those who have replaced the names mentioned above will all be on far cheaper wages than most of those, especially when you consider Abe alone was on 40k. So overall, an immense amount of praise has to be given to NP for cutting a hell of a lot of shit out of the club. In the past 2 years we have made excellent progress both on and off the field and are nowhere near as ****ed as we were and with Konch looking set to go, our finances are only going to look better. But in has come Morgan, DeLaet, James, Marshall, Drinkwater, Wood, Futacs, Knockaert, Whitbread and Bagayoko. Our turnover will be fairly similar to what it was then To comply with FFP we need to get those wages to turnover well down Plus our debt stands at with payments of £5.3m per season on those losses we are still going to struggle to get our losses down to just £8m per season. Link to comment Share on other sites More sharing options...
shearfox Posted 17 August 2013 Share Posted 17 August 2013 But in has come Morgan, DeLaet, James, Marshall, Drinkwater, Wood, Futacs, Knockaert, Whitbread and Bagayoko. Our turnover will be fairly similar to what it was then To comply with FFP we need to get those wages to turnover well down Plus our debt stands at with payments of £5.3m per season on those losses we are still going to struggle to get our losses down to just £8m per season.Pearson will not give players contracts like Sven did... They are on less, one of the reason Pearson is in because he doesn't overspend but can still build a successful young side. Link to comment Share on other sites More sharing options...
stevelcfc Posted 17 August 2013 Share Posted 17 August 2013 The Pearson players will be on significantly, most of the signings he has made are, young, relativity unheard of Academy products, experiencing the game for the first time thus their contracts will resemble this. As for income, ST numbers are meant to be up this year and were last year, Sponsor ship will have increased with the partnership with Singha and Air Asia having been made since those figurers, chances are Merchandising revenue will have increased as well, especially if they are selling stuff in Thailand. There are also the two 'footballing' partnerships we have out there which I guarantee has some financial benefit for us. I don't think its as bad as it may seem. The biggest expenditure, wages aside, is probably that £100m loan to the owners at 8% Link to comment Share on other sites More sharing options...
fleckneymike Posted 17 August 2013 Author Share Posted 17 August 2013 Pearson will not give players contracts like Sven did... They are on less, one of the reason Pearson is in because he doesn't overspend but can still build a successful young side. They will be BUT the dent will have grown again last season which means the interest payments will have grown. We are staring with a clean slate, we're attempting to eat into our very considerable debt. Anyone going out is going to make the smallest dent in those figures. We also still have Kasper, Nuge, Konchesky (for a few more days) Danns, Gallagher, King et al. Those £5m interest payments might as well count as a players wages so we'd need to get the wage bill down to around the level of Burnley's to try and break even. Link to comment Share on other sites More sharing options...
fleckneymike Posted 17 August 2013 Author Share Posted 17 August 2013 The Pearson players will be on significantly, most of the signings he has made are, young, relativity unheard of Academy products, experiencing the game for the first time thus their contracts will resemble this. As for income, ST numbers are meant to be up this year and were last year, Sponsor ship will have increased with the partnership with Singha and Air Asia having been made since those figurers, chances are Merchandising revenue will have increased as well, especially if they are selling stuff in Thailand. There are also the two 'footballing' partnerships we have out there which I guarantee has some financial benefit for us. I don't think its as bad as it may seem. We're nearly £100m in debt in 2011/12, I imagine we'll be over £120m in debt for 12/13. That's quite bad. Link to comment Share on other sites More sharing options...
stevelcfc Posted 17 August 2013 Share Posted 17 August 2013 We're nearly £100m in debt in 2011/12, I imagine we'll be over £120m in debt for 12/13. That's quite bad. The debt isn't really the problem though, that will be the issue of the next owner who has to come along and pay the Thai's off, which means that atm its imperitive that they remain the owners for some time to come yet. Our problem atm is getting in line will FFP so we can then be in a position to break even the in a few years time to make a profit. As I understand it we can make a £3 mill loss this year rising to £8m if the owners are willing to effectively donate £5m to the club, failure to come inside that is catastrophic as the loss doubles because of the fine we would receive. NP had said that we were just about in line with FFP before Konch's inevitable departure, which would mean we are somewhere in the region of -£8m for this year. Assuming he is on about £30k that is £1.56m + the fee would mean that we should be within FFP and could mean we could get a Free or Loan. That could all be shite though Link to comment Share on other sites More sharing options...
Zingari Posted 18 August 2013 Share Posted 18 August 2013 All a bit too complicated for me with all them graphs and stuff . I thought it was going to be a thread about Katie Price moderating her sex life Link to comment Share on other sites More sharing options...
Aus Fox Posted 18 August 2013 Share Posted 18 August 2013 Mills on far more than Morgan Abe on far more than James Beckford on far more than Wood Wellens on far more than Drinkwater Pantail on far more than Delaet Ricardo on far more than Logan Bamba on far more than Whitbread Fernandez on far more than knockeart Yakubu on far more than Vardy I don't know the exact figures but I would imagine all of the above is true if we have also replaced Konchesky with Zooma then we have saved a small fortune since these figures were released with more season ticket holders, bigger sponsorship deals selling more merchandise and extra revenue from sky for showing every game I would be surprised if the debt has grown. I think we would be in a pretty good position now as a club. Link to comment Share on other sites More sharing options...
Lesta Legend Posted 18 August 2013 Share Posted 18 August 2013 The truth is we don't know the clubs exact financial position, no point analysing old graphs that don't even take into account the context of financial fair play and draw conclusions, pointless. We'll soon find out over the next few weeks if Pearson has the ability to strengthen. I personally thought we'd bring in no one, which we did, which suggests we may be in line with regulations. I'd suggest with konch going we may have more options, ever so slightly. It's all conjecture though without seeing Updated financial details. Link to comment Share on other sites More sharing options...
MooseBreath Posted 18 August 2013 Share Posted 18 August 2013 Agree with stevelcfc and I'm inclined to believe Nige when he says we're on track, unless he's only saying that to warn off clubs who thinks we're ripe for a pillaging. What will be interesting is whether or not the Thai's actually go through with applying the 8% interest now that it will make a big impact on what we can spend on the playing side. That will tell us a lot about their priorities. I'm also still hoping and waiting for them to convert the debt to equity like they said they would. Everything will be rosy once they do that because there is no way we're running big losses with the current squad. Link to comment Share on other sites More sharing options...
orangecity23 Posted 18 August 2013 Share Posted 18 August 2013 In addition to Pearson's cutting of wage costs, it's also worth remembering that King Power bought the stadium, so we won't be paying out rent to Teachers for the stadium, I assume we will be paying some form of rent to a different part of the King Power Group, but that could possibly be set at a nominal value by King Power, which would help with FFP, which I assume is why KP bought the ground in the first place. Link to comment Share on other sites More sharing options...
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