sheepfarmer
Midfield
Walton explained: "When you look at the amount which is actually lost in the accounts, most of that is a result of amortisation of players.
By that we are running at a loss BEFORE player amortisation. this isn't a problem if we either sell players for more than we buy them (I think this is Bruce's job and he is good at it) or Short covers the difference.
In the long term the wages to sales ratio needs to come down.
It's a decent spin but not the wonderful endorsement of SAFC that people seem to think. IMHO.
However the crucial bit is the actual value of the squad vs its' amortised value - capital growth can easily outweigh losses (ask any farmer
Also "are running at a loss" should read "were running at a loss" as they were last years' accounts
Last edited: