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Club finances

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West_Winger

Winger
Methven said losses were likely to be “at least £10-12m, excluding exceptional items.” Those exceptional items would include, amongst other things, the further liability that may arise from the ongoing Ricky Alvarez court case.

Reports have proliferated that the club expects to reduce its operating losses to £5m this season, but he pointed out that is instead the ‘annualised’ loss position they expect to find themselves in at the end of this season. In layman’s terms, they expect to get monthly operating losses (i.e. before player trading) down to around £400k, which will then translate to an annual loss of £5m.

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When will people finally take the hint that we aren’t going to be splashing millions of pounds we don’t have on players we can’t afford?
 

We have to be careful here . The message at the end of that it is we will things in the spirit of transparency but can row back on it?

We have ALS and Roker Report getting the clubs message across again via exlusives . There has to be challenge to the custodians and that comes from a position of recognising the achievement so far. Two of our main fan outlets have been mouthpieces of the clubs message this weekend . That’s not healthy in the long term
 
Still very surprised that Oviedo has not been moved on. Was it club Brugge that was in for him at the start of the season? Doesn't even get much game time and is on a big salary.
 
West_Winger said:
Methven said losses were likely to be “at least £10-12m, excluding exceptional items.” Those exceptional items would include, amongst other things, the further liability that may arise from the ongoing Ricky Alvarez court case.

Reports have proliferated that the club expects to reduce its operating losses to £5m this season, but he pointed out that is instead the ‘annualised’ loss position they expect to find themselves in at the end of this season. In layman’s terms, they expect to get monthly operating losses (i.e. before player trading) down to around £400k, which will then translate to an annual loss of £5m.

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When will people finally take the hint that we aren’t going to be splashing millions of pounds we don’t have on players we can’t afford?
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Well articulated piece by ALS. Thanks for hoying it up, WW, marra.
 
West_Winger said:
Methven said losses were likely to be “at least £10-12m, excluding exceptional items.” Those exceptional items would include, amongst other things, the further liability that may arise from the ongoing Ricky Alvarez court case.

Reports have proliferated that the club expects to reduce its operating losses to £5m this season, but he pointed out that is instead the ‘annualised’ loss position they expect to find themselves in at the end of this season. In layman’s terms, they expect to get monthly operating losses (i.e. before player trading) down to around £400k, which will then translate to an annual loss of £5m.

You must be logged on to see external links


When will people finally take the hint that we aren’t going to be splashing millions of pounds we don’t have on players we can’t afford?
Click to expand...
f***ing hell, it's like a thread every day about this.. who's turn is it tomorrow to patronise the fans?
 
robref said:
Whichever way you look at it, we are still in the clarts financially and fans should get real. The new board have worked wonders and are doing a great job.
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I agree the owners have done well but we aren't 'in the clarts' in reality, Ellis paying off 90% of the debt saw to that. We have cut our cloth by making cuts in both staff and overheads since then too.

The new owners unloaded several big earners over the past few months. Several contracts ended in the summer and they've shifted on Rodwell, N'Dong and Papy. We sold Khazri, McNair and Asoro for around £13M. We spent less than £3M on players over the summer.

We probably only have 2 players who are now on more than £20K a week and their contracts are expiring and we still have our last parachute payment of around £16M next season. This is in comparison to the about £7M a season a Championship club receives from TV rights.

We aren't cash rich but we certainly aren't in a bad place financially in comparison to the majority of teams in the Championship and above.

We have a choice now of spending a couple of million to try to guarantee promotion or spend less than £500K and get the odd loan in and try to get promotion that way. It's a tough choice but I'd go for the former.
 
The Sheepfolds End said:
They’ve had a solid start. Worked wonders is very much a stretch
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given we started the preseason with only a handful of players who wanted to be here i think worked wonders is fair enough. certainly would've said that a month back, was hoping results would've started to kick on a bit by now mind. still, as long as we go up at the end of the season it's job done for me like
 
seanwharton said:
We have to be careful here . The message at the end of that it is we will things in the spirit of transparency but can row back on it?

We have ALS and Roker Report getting the clubs message across again via exlusives . There has to be challenge to the custodians and that comes from a position of recognising the achievement so far. Two of our main fan outlets have been mouthpieces of the clubs message this weekend . That’s not healthy in the long term
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Well said marra
 
prehab26 said:
I get that but I thought it was the club who turned down a bid of a million or so him. Given his wage and would have thought he would be moved on.
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He was away with the £1.5m fee going straight to him to settle his contract. Don’t know why it fell through.

Slugster said:
Micky gray reckons if you dont go up this season there won't be any money next season
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Who are you, his accountant?
 
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