by From Despair To Where? »
23 Jul 2020 12:17
linkenholtroyal From Despair To Where? linkenholtroyal
We lost a lotof big earners that year on prem or stupid wages from the Thais time at the club.
Mcshane
Oshea
Ilori
Van Den Berg
Bacuna
Meyler
Edwards
Kelly
JDBV
there is probably 140k p/w in wages there.
we signed
Rafael
Morrison
Araruna
Puscas
Joao
Whos wages amount to about 60 k P/W
and we also had more expensive loan players in -
Martinez
Baker
Ejaria
Oliveira
Miazga
approx. 80-85k P/w
replaced them with cheaper options in-
Miazga
Ejaria
Boye
Gomes
Masika
approx. 55-60k p/w
we saved nearly 90k p/w last year in wages by the looks of it which is about £5 million per year. what we also have to take into account is that we have had to pay off managers quite frequently we sacked Clement that season and he probably had a couple of million pay off on a 3 year contract.
don't get me wrong we are not financially sound and we have to be fruggle this year with free transfers and loans to make the squad up probably totalling no more than 60k in wages overall including any contract extensions for academy players. we should be ok with FFP going forward though. we also lose Baldock and Aluko next season which is another 38k a week shame we cant offload them now. Aluko because it is Aluko and Baldock just because he is a high earner bit player bit of the Mccleary situation love the guy but cant afford to pay his wages.
Stop deluding yourself. £90,000 a week is £4.5m off a £41m wage bill. Nowhere near enough when we're losing £20m a year and revenues have dropped even further because of Covid.
Your name really says it all. I would prefer to be optimistic we are now heading in the right direction financially and with Howe at the helm I believe we probably are.
I am not saying we are safe from FFP just that we should be once crowds get in etc. Also every club in the champ without parachute payments is in the same position we are going to be scouring a free transfer market full of players who have no club and will have to take the best offer they get. We are not the only ones.
I'm pretty sure that at the time, it was stated that Gomes' January loans cost next to nothing. Last summer was hardly an indication that we are heading in the right direction financially or we wouldn't be still having this discussion about "if we sell this player or that player...." Our dealings this window will tell us more about where we are but whilst we still have million pound players on half million pound revenue streams, we will still have a major issue.
The figures you quote are pure guesswork with no verifiable basis in fact The only verifiable figure is the one quoted in the last published accounts. Knock £10m (£200,000/wk) off that and it's still way too high. Just remember. £41m in wages alone. Loses of £18m despite selling the ground for £26m.
I'm naturally optimistic about what we do and generally have an "it will work out in the end" attitude but you can't ignore the bare verifiable facts of our position. I have faith that we will start steering the correct course as long as key people like Howe and Bowen are trusted to get on with their jobs but we have a long, long way to go and this isn't fixed in 1 or 2 windows.